Kleinwort Hambros Hosts Football Managers Finance Masterclass

Robbie Lawther

2 November 2017

Private banking group hosted a masterclass, as part of an initiative, surrounding finance, wealth and pension planning for twenty football managers and coaches at its offices at St James’s Square.

The initiative, which was launched for managers and coaches of football clubs in association with League Managers Association (LMA), was designed to help educate LMA members on the importance of financial management, the firm said in a statement.

On the day, current English Premier League manager Chris Hughton and former EPL managers Alan Curbishley, who managed West Ham United and Charlton, and Dave Bassett, who was coach of Sheffield United and Nottingham Forest, attended the event.

In addition to the financial masterclass, Kleinwort Hambros will help to develop the personal finance modules that form part of the LMA institute of leadership and high performance.

“We are seeing more and more managers and players coming to us seeking advice on how to manage their earnings effectively throughout what can be uncertain career paths," said Maureen Llewellyn, director. "It is important for football managers to manage their earnings with a view to the future and, without understanding and experience, we can help them in a credible and professional manner. It has never been more important for football managers to be kept fully aware of the importance of saving and investment along with estate, property and inheritance planning.”

“We are delighted to be working with such a respected and recognised organisation as Kleinwort Hambros and we look forward to building a range of relevant financial services and education and making them available to all our members," LMA chief executive Richard Bevan said.

Kleinwort Hambros has a long association with football, and has been managing money for managers and players from Premier League and English Football League clubs, and internationally, for many years. Offering day-to-day banking as well as investment management and wealth planning, Kleinwort Hambros advises its clients on how to manage property investments and provides loans for purchases of residential and buy-to-let property as well as giving financial advice during periods spent abroad.

Sports wealth planning is becoming an area of potential growth for wealth management firms and private banks, as the money within sports, and in particular football, has grown significantly over the last ten years. This publication recently interviewed RBC Wealth Management surrounding its plans on the sector, and WealthBriefing also interviewed ex-Premier League star Jack Collison on the issues of sports wealth planning.