Get a Specialization
Both professional athletes and lottery winners come into large amounts of money quickly, and aren’t necessarily savvy about managing it. --Michael W. Boone
Develop a Specialization...Any Specialization.
Experience working with high-net-worth clients is a good start, but entertainers have special needs, says Fishman. "They tend to look for people who have credibility in the marketplace," he says. Build expertise with up-and-coming clients; say, a regional theater troupe or college athlete. Less obvious specialties may also hold value for celebrity clients. Michael W. Boone, founder of MW Boone and Associates in Bellevue, Wash., says he was referred to several professional athletes thanks to his work with lottery winners--both groups come into large amounts of money quickly, and aren’t necessarily savvy about managing it.
-Michael W. Boone, founder of MW Boone and Associates in Bellevue, Wash., in Landing Celebrity Clients
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