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I would like to take a moment to introduce myself – I am Karla Leonard-David, CEO of IMI Asset Management Company. I hold a double B.A. in Business Economics and Art History. IMI Stands for Investment Management International and was originally founded in 1995. In 2012, IMI went through a complete transformation. That transformation included implementing a complete social media presence. I have designed and write an educational blog that is posted to my personal and company Facebook and LinkedIn pages. These articles are a tool to inform and educate on financial planning topics. The biggest part of that transformation occurred when IMI became a full service asset management company. IMI has partnered with Jerry Vines, MBA, EA and the Law Office of Sharon Morff, to offer a fully engaged estate planning package, designed specifically to your goals. Most people do not have a solid financial plan. A reason for this is that most lack insight into what is going on in the financial industry. I realize that the process of creating a strategy for retirement can feel pretty intimidating which is why I am constantly searching for new materials, whether they are videos, articles or just questions and answers to share with everyone. IMI Asset Management Company is focused on the belief that our customers’ needs are first. I am committed to meeting those needs. I am a firm believer of the personal touch, which is so lost in today’s world. As a result, a high percentage of IMI’s business is from repeat client business and referrals. IMI Asset Management Company was selected in 2012 by the USCA as the recipient of the Best of Rancho Cucamonga Awards in Financial Planning. We want you to be able to assess, from these insights, your financial portfolio to ascertain that it is aligned with your ultimate goals for your retirement and passing your estate probate free down to your heirs. We strive to make sure you evade the costliness that can result from poor planning. We would welcome the opportunity to earn your trust and deliver you the best individual and personalized service in the industry in helping you obtain your goals. We invite you to come “join” our IMI Family.
Importance of Financial Planning for Professional Athletes
IMI Asset Management, CA, NFL DraftThe draft is over, leaving the NFL with lots of fresh faces. While all of the draft picks are undoubtedly excited about their selection for a variety of reasons, earning more money is one of the most notable benefits these new professional athletes will enjoy. Unfortunately, statistics show that pro athletes are notoriously unprepared when it comes to managing their money.  Many pro athletes are picked right out of college, and few of them have any experience managing their own finances. In fact, according to the Chicago Tribune, up to 78 percent of NFL players face significant financial stress just two years after retiring from the game. Factors contributing to this statistic include: - Frivolous spending habits. - Lack of conservative investments. - Too many "friends" asking for money. - Counting on unqualified people, such as family members, to handle finances. Because pro athletes get rich so quickly and at such a young age, they are often unprepared to handle the financial responsibility that comes with the job, which leads to the four problems listed above. Pro athletes receive considerable paychecks, and spending most or all of the money earned is incredibly tempting, especially when friends and family are also asking for a cut. However, once the athlete retires and the income stops pouring in, running out of money is inevitable without proper financial planning. To prevent serious financial problems after retirement, pro athletes need to practice wise money management from the very first paycheck. Instead of offering jobs to friends and family members who don't have the required experience and training, these athletes need to hire trustworthy professionals to oversee their finances. Pro athletes should also avoid making risky investment choices and focus on those investments that will return a reliable profit. Finally, pro athletes should save a significant portion of what they earn so that they will continue to have a source of income even after they have retired. Contact our office today for more information. Content provided by Transformer Marketing and http://articles.chicagotribune.com/2013-08-06/lifestyle/sns-201308061630--tms--pagliarictnrp-a20130806-20130806_1_athletes-nfl-player-financial-stability
Karla Leonard
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Categories: Professional Athletes, Money Management, Tips and Advice, Blog, IMI Asset Management Company
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