A team affiliated with HighTower in the Baltimore area said Monday that it is now branching out into the world of advising athletes, coaches, entertainers and other VIPs. To establish itself in this market niche it hired Richard Rosa, formerly of Eastern Athletic Services.
“This exciting step forward for Kelly Wealth Management exemplifies HighTower’s commitment to innovation and growth,” said Michael Parker, national director of enterprise development for the wealth management firm, in a statement. “The HighTower culture actively supports teams like KWM that seize creative opportunities to build their practices and find new ways to meet the needs of their clients.”
Prior to moving to Kelly Wealth, Rosa worked as a sports agent for roughly the past two decades, representing NFL players and coaches.
“Athletes and entertainers face intense pressure and temptation, but many do not receive the education and counsel they need in order to plan for a secure financial future,” explained Rosa, in a press release. “The professionals at Kelly Wealth Management approach these clients’ unique challenges in a transparent, knowledgeable way that helps ensure prudent life decisions, and I am honored to become part of their distinguished team.”
In late 2014, Morgan Stanley (MS) set up the Global Sports & Entertainment group to serve the needs of the sports and entertainment industries.