Scotland-based wealth advisory firm Tweed Wealth Management has announced the launch of a new sports division, aimed at supporting athletes in financial planning.

Its sports division will serve the ‘unique’ financial needs of sportspeople, providing bespoke financial advice and services to athletes at all stages of their careers.

The new division will be jointly led by former professional rugby player and current chartered financial planner, Jason Baggott, and experienced financial planner, Ross Penman.

Penman joined Tweed in 2024 and specialises in advising sports and media professionals, as well as clients dealing with personal injury and clinical negligence cases.

Tweed’s sports division will aim to provide a suite of services to meet the financial needs of sportspeople, including protection planning, investment and retirement planning, tax and mortgage planning, and cashflow management.

Its team, which comprises of qualified and chartered financial planners and fellows of the Personal Finance Society, will also connect clients with a network of legal and accounting partners.

Baggott, who played professional rugby for seven years, commented: “As a former athlete, I understand the financial challenges and opportunities that come with a career in sports. Our goal is to help athletes make informed financial decisions that will secure their future both during and after their playing career.

“We are building a strong client base both locally and internationally, spanning various sports including rugby, football, and boxing. Our goal is to support clients throughout their entire journey – from signing their first contract, throughout their careers and as they transition outside of the world of sports.

“For many sportspeople, financial planning can seem a bit overwhelming, and we want to simplify the process so that they can focus on what they do well – excel in their sporting field.”

Penman added: “We understand the unique pressures athletes face, from injury risks to early peak earnings.

“Our team, which includes many former athletes, is dedicated to helping sports professionals build solid financial strategies, avoid costly errors, and secure their financial futures.”

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