CPA firm helps hoops player rebound

With the opening of the 2008 NBA season, Samuel Dalembert of the Philadelphia 76ers is on top of his game. The 6'11" starting Center reached career highs last season, averaging 10.7 points and 8.9 rebounds in 82 games. Dalembert also is rebounding from an unsatisfactory financial situation two years ago to this year, having a net worth in the millions thanks to his teamwork with a trusted network of financial advisors.

"When Sam approached us in 2005, his financial situation was not unique," says Steve Piascik, CPA, M.T., founder and president of Piascik & Associates, P.C., a team of certified public accountants and financial planners experienced in serving professional athletes and other high wealth individuals. "Like most professional athletes, NBA players are faced with the challenges of high income and demands from family members, friends, and investors who approach them in attempts to share in this wealth. Piascik & Associates understands the pressures these athletes are facing, and we help them find the best solutions."

In just two years, Piascik & Associates has built a trusted relationship with Dalembert, from tax minimization services to bill payment and estate planning. The firm has increased Dalembert's net worth by millions. As an investor in real estate properties and multiple equity accounts, Dalembert now turns to a team of advisors, which includes Piascik, for due diligence before he invests in anything.

With dozens of existing athlete clients in the NFL, NBA and MLB, Piascik & Associates has successfully managed to reduce athletes' combined federal and state tax rates anywhere from 3 percent to 10 percent.

"NBA athletes will accumulate wealth in a short window of their life," notes Piascik, who also is among a handful of registered financial advisors to the NFL Players Association. "With average salaries for NBA starters reaching upwards of $3.5 million and the playing lifetime just three to four years, the financial decisions NBA players make today will have the greatest impact to them and their families' financial success in years to follow."

Piascik & Associates provides premier personalized financial services to private and publicly traded companies, international companies and other high net worth individuals -- including professional athletes. For more information, please visit

You may like these other stories...

Here's a CPA who truly walks the walk. On March 15, Frank Ryan, CPA, departed San Diego, California, with plans to be in Ocean City, Maryland, by July 2 to teach a course at the Maryland Association of CPAs’ (MACPA...
When Theodore J. Flynn first joined the Massachusetts Society of CPAs (MSCPA) in 1970, it was a different world and a different profession.  The "Big Eight" were still headquartered in Boston. Vietnam War...
Accountant Rickey Charles Goodrich had it a little too good. Many bean counters would kill to serve as financial guru to the likes of Pearl Jam. Goodrich was hired in 2005, and the following year, he became the CFO of Curtis...

Upcoming CPE Webinars

Apr 22
Is everyone at your organization meeting your client service expectations? Let client service expert, Kristen Rampe, CPA help you establish a reputation of top-tier service in every facet of your firm during this one hour webinar.
Apr 24
In this session Excel expert David Ringstrom, CPA introduces you to a powerful but underutilized macro feature in Excel.
Apr 25
This material focuses on the principles of accounting for non-profit organizations' revenues. It will include discussions of revenue recognition for cash and non-cash contributions as well as other revenues commonly received by non-profit organizations.
Apr 30
During the second session of a four-part series on Individual Leadership, the focus will be on time management- a critical success factor for effective leadership. Each person has 24 hours of time to spend each day; the key is making wise investments and knowing what investments yield the greatest return.