Working with sports stars can be prestigious, even glamorous -- and is often a highly sought after market niche for financial advisors and wealth managers.

Advisors got another glimpse into the field last week with the announcement that platform powerhouse Dynasty Financial Partners had signed on Octagon Financial Services, the Mclean, Va.-based RIA with an impressive client roster of professional athletes. (Among them: NBA star Chris Paul of the Los Angeles Clippers and Olympic swimming champion Michael Phelps.)

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