Real Financial Planning & Advice
for Entertainment Professionals
Real Financial Planning & Advice
for Entertainment Professionals
Building the Future for Entertainment Industry Professionals... Together
Escient Financial works with entertainment professionals of all types – actors, directors, writers, producers, production and post-production crew, managers, agents, musicians, athletes, game developers, and more – to provide a transparent and prudent approach to managing your financial affairs with a plan that is custom-tailored to you.
Entertainment Professionals
face Unique Challenges during
Their Careers and Lives
Entertainment Professionals
face Unique Challenges during
Their Careers and Lives
Below are just some of the unique challenges that entertainment professionals face, and that Escient Financial is here to help with.
Inconsistent Income
Income might not always be steady from year-to-year, requiring special planning to enable the entertainment professional to meet their financial responsibilities and reach their goals. For many entertainment professionals, income and expenses change yearly, monthly, weekly, and even daily, and sometimes those changes can be very drastic.
With Escient Financial, you have an advisor who understands the dynamics of the finances of an entertainment professional and knows exactly how to manage the planning for somebody working in the entertainment industry.
Team of Professionals
Many professionals working in media and entertainment need to hire a team to help them manage their lives. This can include a day-to-day manager, a business manager, an attorney, agents, and an accountant.
With Escient Financial, you have a financial specialist who focuses primarily on your unique income and tax situation and will be able to work with your team more cohesively than an advisor who isn’t familiar with the life of an entertainment professional.
Sudden Wealth
Some entertainment professionals may suddenly receive a large amount of income, but then not receive additional income later or have a longer period of time before they receive additional income. In addition to uncontrollable expenses such as taxes and paying managers and agents, having a lot of money all of a sudden will make anyone want to splurge, and it can be easy to lose track of finances and find oneself with less money left than expected.
With Escient Financial, you have financial planner and advisor who can help you maintain control of spending by establishing a budget and monitoring the financial plan to ensure spending stays within limits, as well as finding the right investment plan tailored to you and your situation, enabling you to enjoy your newfound fortune for many years to come, and even pass it on to future generations.
The Business of an Entertainment Professional
Some entertainment professionals have their own business or, especially in many cases with actors, a loan-out company. They call it the entertainment business for a reason, and that’s because it is a business. Like any business, an entertainment-related business needs tax-planning and other financial solutions. By utilizing proper tax planning you can maximize your tax deductions for your business and personal finances.
With Escient Financial, you have a financial planner and advisor who understands the differences and how you can maximize the efficiency of your personal and business taxes, as well as your business expenses.
Frequent & Long Travel
Entertainment professionals may travel a lot. This includes movie and television shoots that take crews and actors to other states and countries for long periods of time, athletes traveling for half or more of the year for games, exhibitions, and competitions all around the country and the world, and musicians on tours. It’s easy for finances to get away from you, especially when you're away from home for extended periods of time.
With Escient Financial, you have a financial planner and advisor who can monitor income and expenses, as well as your investments, to make sure your financial plan stays on track.
Lack of Employee Benefits
Some entertainment professionals are members of unions. For these entertainment professionals, if they work enough hours, they qualify for health insurance and other benefits. However, what if they don’t work enough hours? Well, then they don’t receive health insurance. Some other entertainment professionals don't work for an employer. They may be self-employed or what's considered a "gig worker" and must provide their own health insurance and other benefits.
Entertainment professionals need a plan in place to ensure they're able to have health insurance if they don’t qualify for their union’s benefits. If they aren’t in a union, they must find health insurance on their own. With Escient Financial, you have a financial planner who can help with the evaluation and selection of the right insurance to meet your needs and budget restrictions, as well as other solutions for savings for retirement and other benefits that would otherwise be provided by an employer or union.
Retirement Savings
Some entertainment industry professionals are employed directly by a company and may receive full benefits, including a 401(k). However, many are not, and may or may not be a member of a union that provides a pension. That pension may disqualify employees for future Social Security benefits, and it could be unclear how much can be expected for future pension income. That makes it essential for many entertainment professionals to save for retirement on their own.
Escient Financial will help you plan for your future appropriately to ensure you have the retirement savings to cover your expenses after you stop working.
Escient Financial Knows
What's Important to You
Escient Financial Knows
What's Important to You
Privacy & Confidentiality
Confidentialy is important to everyone, especially entertainment professionals. Escient Financial does not share information about any of its clients with anyone, unless explicity given permission by the client or if necessary by law. With Escient Financial, you can be confident that your confidentiality and privacy are taken very seriously.
Boutique Experience
Escient Financial is a specialized financial advisory firm offering customized service and a personal-touch relationship. Client service and communication are never sacrificed to achieve firm growth. You will never be handed off to an assistant or alternate financial advisor to answer your questions as you plan for your future.
Long-Term Relationships
Escient Financial develops long-term and collaborative relationships with clients. Proper comprehensive financial planning requires objective advice and guidance delivered to you as your life progresses and changes happen. You'll receive ongoing, proactive discussions about your goals and progress, and availability whenever you need it.
Fee-Only
This means Escient Financial does not sell any investment products, represent any product or company, and does not receive any commissions or fees for your investing in any specific investments. Escient Financial works strictly for you and is paid only by you. You can be assured you’re getting unbiased advice.
Fiduciary
Escient Financial is an independent firm and has a fiduciary duty to put your interests ahead of its own. Seems like a no-brainer and a matter of decency. You’d think it’s the standard, but surprisingly, and unfortunately, it’s not. You can be assured the advice you're given will always be what is believed to be best for you.
Technology
Being location independent and using web-based technology allows Escient Financial to work with and assist you no matter where you’re located. More convenient, flexible, anytime, anywhere help for you.
Escient Financial is committed to providing service and solutions to address the complex and unique needs of entertainment professionals and their families, with a planning approach that addresses the challenges that entertainment professionals face, and allows each client to maintain their focus on what truly matters to them:
Family, Career, and Incredible Talent
Are You Asking Yourself Any of These Questions?
How can I manage my finances when my income is so unpredictable?
How can I take advantage of my talents?
How can I become financially independent so I can choose what team I can be on?
As a freelancer, how do I protect myself with health insurance and retirement savings?
What do I do if I have to or want to take a break from my career?
Are there ways to shield some of my income from taxes?
Am I doing everything I can to make the most of my talents and situation?
How can I protect my income if I get injured?
How do I say "no" when people ask me for money?
What happens if I'm out of work for a long time?
If so, then you would probably benefit from a financial planner and investment advisor to not only give you answers to these questions, but also help you implement solutions for your biggest concerns.
Get Started with a FREE Introductory Meeting
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If you can't find a time that works for you please reach out to me directly and we'll find a time that works for both of us.
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Get The Entertainment Industry Professional's Guide to Financial Prosperity
Written specifically for entertainment industry professionals, the Guide to Financial Prosperity provides an overview of the challenges and concerns entertainment industry professionals face, with ideas and tips for how to handle and overcome them so you can set out on a path to financial success and a prosperous retirement. All you have to do is subscribe to Escient Financial's Insights Newsletter and you'll receive the free download.
