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Music & Entertainment
For clients in the media and entertainment industry, financial planning is not just about managing money, it's about securing their future in an unpredictable and often volatile industry.
Our firm has provided financial planning and investment solutions to clients across the media industry for over 20 years. Our Media team advise a range of clients across the music and entertainment industry, ranging from radio presenters and actors, through to music producers, composers, artists, executives, agents and distributors.
Key themes we help clients in the industry with include:
- Understanding the Industry’s Unique Financial Dynamics
- Tax Planning and Compliance
- Wealth Management and Investment Strategies
- Protecting Intellectual Property and Revenue Streams
- Estate Planning and Legacy Management
- Managing Lifestyle Expenses
- Planning for Career Transitions
Unique financial dynamics in the media industry
Clients in the entertainment industry face unique challenges with regards to financial planning. Income in the media and entertainment industry is often irregular and unpredictable. Clients may experience periods of high earnings, such as when landing a major role or scoring a big hit, followed by stretches of lower income. Therefore, working with a financial planning firm can be critical in helping ensure long-term stability and success.
Holistic financial planning
Our approach to financial planning is both comprehensive and holistic, specifically tailored for creatives in the entertainment industry. We aim to create robust financial plans that account for income fluctuations, ensuring that even during lean times, their financial health remains strong.
Our long-term financial strategies can include cash management, investment planning, and life insurance planning. Additionally, we serve as the central coordinator for professional advisors. When specific expertise is required outside our in-house capabilities, we collaborate seamlessly with their accountants, solicitors, bank managers and mortgage brokers, to maintain a cohesive and unified approach.
Building relationships
Our long history advising media clients means that we understand the importance of building good relationships with their existing professionals, such as accountants and solicitors, as they will often form our main points of contact when dealing with their affairs and objectives. Given the demands of clients' busy and unpredictable schedules, we prioritise proactive collaboration among all professional service providers. This ensures nothing is overlooked, allowing clients to concentrate on their careers without the added stress of managing financial affairs. Our goal is to provide peace of mind, ensuring that every aspect of their financial life is carefully managed, so they can focus on what’s most important.
Protecting intellectual property and revenue streams
Alongside the more traditional wealth management services we offer in this sector, we are also experienced consultants on a range of highly specialised sector specific areas, including those that involve intellectual capital/property, such as music and/or publishing rights. Our work in this sector is often also heavily linked to Entrepreneurial Planning, Legacy and Succession Planning and Structural Financial Planning, to help safeguard assets for our clients’ families in an environment where the longevity of wealth and income cannot be guaranteed.
How we can help you or your client
Here at The Private Office we help actors, musicians, producers and entertainers, to name a few, navigate the unique financial position of the industry. We help clients in the industry build a robust financial plan, including stress testing possible fluctuations in income, and help them stay on track over the course of their career and into retirement.
Many of our media clients are connected to the music industry and/or can have a US connection. Music clients range from: Musicians, Producers, Managers, Executives, Songwriters, DJs, Composers, Labels, Publishers and Promoters.
There are a number of Advisers at The Private Office who are experienced in working with clients in the music, media and entertainment industry.
If you would like to get in touch with one of our experienced Advisers, please do not hesitate to contact our team.
