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Financial advising firm focuses on professional athletes

Financial advising firm focuses on professional athletes

When a new professional athlete gets that first big paycheck, it can be hard to suppress the desire to splurge on a sports car, luxury condo or whatever catches his or her fancy. Friends, family and associates might come looking for a piece, whether it's a loan or an investment.

But those big paydays can come with a darker side — many pro athletes face bankruptcy or financial distress after spending too freely or failing to save and invest enough for retirement.

Geier Financial Group, a Marriottsville-based investment advisory and financial planning firm with about $180 million under management, grew in part by managing the finances of professional baseball players,...

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