Baseball Happenings Podcast - Mike Trombley dishes out big league financial advice

Mike Trombley, an 11-year major league veteran with the Twins, Dodgers, and Orioles, came on the Baseball Happenings Podcast to discuss how professional athletes can best look out for their financial interests both during and after their careers. He is currently the head of Trombley Associates, a family-run financial management company in Massachusetts where he took over for his father Ray who started the company over a half-century prior.

In the wake of the recent news about Jake Peavy losing a reported $15 million due to his financial advisor’s involvement in a Ponzi scheme, Trombley explained the pitfalls that many major leaguers face trying to manage a sudden windfall of riches while keeping their attention on what is going on in between the lines of play.

“There were a couple of [Major League] friends of mine that [had] their agents paying their bills for them,” Trombley said. “They never even saw a bill.”

During the 20-minute interview, Trombley dishes out practical advice on what to look for in an investment professional, as well as his experiences of managing his money while living the hectic life of a Major League Baseball player.

Baseball Happenings Podcast on iTunes.