Application and Renewal
The Financial Advisors Registration Program, the first of its kind in professional sports, provides NFL players access to a diverse group of qualified financial advisors. At the same time, all financial advisors participating will have an unprecedented opportunity to establish an entirely new and professional relationship with NFL players.
This section contains information on the regulations governing registered player financial advisors, as well as an online application form. Please review the Regulations and Frequently Asked Question section thoroughly before submitting an application.
The NFLPA accepts applications for registration in the Program from June 1st through June 30th of each calendar year. Please review the NFLPA Regulations and Code of Conduct Governing Registered Player Financial Advisors (“Regulations”).
The 2018 application period is open from June 1st through 30th 2017.
The eligibility requirements for advisors include but are not limited to the following:
1. Bachelor's degree from an accredited university.
2. Minimum of eight (8) years of licensed experience (qualifying licenses include FINRA series licenses, Attorney, CPA or an insurance license).
3. Minimum of $4 million of insurance coverage, through professional liability, errors & omissions or a fidelity bond.
4. No civil, criminal or regulatory history related to fraud.
5. No pending customer complaints or litigation at the time of application.
6. Must not maintain custody of player funds unless deemed a qualified custodian.
As stated above, these are not all of the requirements. Therefore, please take the time to review the full NFLPA Regulations and Code of Conduct Governing Registered Player Financial Advisors.
All advisors applying to the Program must submit an application and participate in a full background investigation. The Application fee is $2,000.00 and is non-refundable; the membership fee is $500.00. The total fee is $2,500.00 and must be submitted with the application. All fees collected by the NFLPA are used exclusively to defray the costs affiliated with the operation of the non-profit Financial Advisor Registration Program.
The 2017 renewal application period is closed.
All advisors renewing their membership in the Program must submit a Renewal Application and participate in an annual background investigation. The Renewal Application fee is $1,000.00 and is non-refundable; the membership fee is $500.00. The total fee is $1,500.00 and must be submitted with the Application. All fees collected by the NFLPA are used exclusively to defray the costs affiliated with the operation of the non-profit Financial Advisor Registration Program.
If you have any questions, please contact the Financial Programs Division at (800) 372-2000.
NO ENDORSEMENT OR REPRESENTATION
The NFLPA is not endorsing any Registered Player Financial Advisor, and is not responsible for, and disclaims, any liability for the acts or omissions of any Registered Player Financial Advisor. The NFLPA is also not responsible for, and makes no representation concerning, the skill, honesty, or competence of any Registered Player Financial Advisor, or any other person. The NFLPA is not in a position to determine whether Applicants for Registration as Registered Player Financial Advisors that provide Broker-Dealer, Investment Adviser, insurance sales, or other regulated financial services are properly registered with, licensed by, or otherwise in compliance with all rules and regulations of the appropriate federal and/or state governmental, or semi-governmental agency, authority, or organization. As a result, the NFLPA will rely entirely on the truthfulness of statements by any person or entity applying for Registration as an NFLPA Registered Player Financial Advisor that it has the necessary Broker Dealer, or Investment Adviser registration under applicable securities or commodities laws, SRO membership, licensing or other qualifications imposed by applicable federal and/or state law to render the financial services specified in the Application. Applicants will only be registered with respect to services disclosed in the Application.