Managing the Tax Affairs of the Top Sports & Media Stars - Accounting Influencers Podcast

Episode 50

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Published on:

16th May 2019

Managing the Tax Affairs of the Top Sports & Media Stars

Peter Fairchild

Peter Fairchild is Tax Partner at Smith & Williamson and Head of Sport, Media and Entertainment. He has over 20 years’ experience providing UK tax advice, and currently works with individual sportspeople and sports clubs to advise on structuring salary, benefits and image rights payments. A passionate communicator and tax expert, Peter gives a flavour of what it’s like looking after high net worth individuals from an advisor’s perspective. Shownotes:

  • How a promising career earning millions as a pro footballer turned into becoming a tax accountant
  • A new meaning of ‘big brother’ an accountant providing lifestyle advice to clients
  • Great examples of what ‘trusted advisor’ really means – nothing to do with accounting
  • How accounting clients with more money can often make worse investment choices, especially without the right advisors around them
  • The best accountants are a conduit for a lot more services than they alone can provide
  • The 3 advisors that wealthy people require are tax, IFA and wealth management
  • How the role of an accountants has changed over the years
  • Why it’s always best for accountants to visit your clients at home if possible
  • What truly separates the good accounting firms from the great ones
  • The beauty of a regular meeting with your client where the agenda is a blank piece of paper
  • The power of FOMO hits high net worth sports people and performers as much as us mere mortals
  • Does your firm offer a program of financial education for your clients like Smith & Williamson do?
  • The link between wealth and financial health amongst some high level sportspeople
  • The challenges of retirement and being ‘out of the spotlight’ for high level performers – the pressure of ‘what next?’
  • Why film stars and pop stars are exactly the same as sports stars in how they need managing
  • The true secrets of how to become successful in a niche – immerse yourself in their world
  • The importance of having your firm and a team behind you if you want to develop a strong accounting niche
  • What the legacy might look like of a 20-30 year career managing the tax and personal affairs of top sports stars

The best #accounting advisors are a conduit for a lot more services than they alone can provide.

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Peter Fairchild on the BD Academy Accounting Influencers podcast with Rob Brown

 

In his spare time Peter supports Manchester United Football Club and England’s Rugby Union team. He is a keen Formula 1 fan too. Find out more at Smith & Williamson and @smithwilliamson on twitter or to contact Peter directly: Peter on LinkedIn or Liked your Accounting Influencers Interview with Rob Brown" target="_blank">email him>>

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About the Podcast

Accounting Influencers Podcast
Host Rob Brown shows accounting professionals and leaders how to be more influential, grow their personal brand and be more authoritative, relevant and high profile in their roles..
The Accounting Influencers Podcast, hosted by Rob Brown, is a must-listen for accounting professionals looking to strengthen their leadership presence, stay informed on disruptive forces in accounting and build credibility within their firms. Geared toward firm leaders, managers, partners and influencers, the show covers key topics like career development, influence, personal branding and interpreting the evolving trends impacting the accounting world. Rob brings his expertise to each episode, offering insights and guidance on how to grow your personal brand and stay strategically important in a rapidly changing profession. Whether you're aiming to influence within your firm or expand your reputation outside of it, this international podcast offers practical advice and forward-thinking insights that will keep you informed and prepared for the future.
Accounting leadership
Executive presence for accountants
Building influence in accounting
Accounting industry trends
Personal branding for accountants
Accounting firm strategy
Accounting business models
Leadership in accounting firms
Talent management in accounting
Authority in accounting profession
Career development for accountants
Accounting firm growth strategies
Influencers in accounting
Accounting firm management
Disruptive forces in accounting
Accounting leadership strategies
Accounting career success
Accounting firm decision-makers
Accounting business trends
Building credibility in accounting

About your host

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Rob Brown

Rob Brown hosts the multiple accounting podcast and chair conferences, panels and events globally for the accounting and fintech profession. He is co-founder of Accounting Influencers Roundtable (AIR) which helps vendors, experts and influencers serve the accounting and finance world. He is a dynamic speaker and accomplished expert on trust, reputation, employer brand, talent, career development, succession, gen z/generations, employee advocacy and executive presence. Rob is author of the bestselling book Build Your Reputation (Wiley) and his TEDx talk ‘The Personal Brand of You’ has been viewed 400,000 times on YouTube. He is a stroke survivor, has epilepsy, is a committed Christian and has a black belt in kickboxing. He is based in Nottingham UK, home of Robin Hood, plays chess and backgammon, loves orange chocolate and is allergic to grapefruit.