NOCAP Sports Partners with Stash to Provide Financial Literacy and Investment Tools to NCAA Athletes
— Partnership Aims to Offer Equal Opportunity to all Athletes profiting off their Name, Image and Likeness (NIL) — — The Program Connects Athletes with Investment Tools, Comprehensive Financial Literacy Programs, as well as Athlete Endorsements —
PHILADELPHIA, PA — April 5, 2022 — (NOTICIAS NEWSWIRE) — NOCAP Sports, a comprehensive athlete development platform for the Name, Image, and Likeness (NIL) era, announced today a strategic partnership with Stash, the pioneering fintech company empowering everyday Americans to invest in themselves and build wealth. Through its popular banking, investing, and education subscription, Stash provides everyday Americans—and now our country’s college athletes—with services, tools, education, and advice to build healthy financial habits that will last a lifetime.
With new NIL rules in place, college athletes have the opportunity to profit off of their name, image, and likeness, and many are faced with new realities when it comes to finances. Beginning in April, the athletes who enroll will be able to join the Stash Influencer Program, enabling them to earn income from their NIL by sharing their investment journey on Stash. Come fall, those athletes will also be connected to Stash101’s financial literacy education platform, encouraging them to think like entrepreneurs guided by Stash 101’s financial mentorship.
“With the responsibility of providing NCAA athletes with an engine to commercialize their NIL rights, comes the responsibility to also provide them with the tools and knowledge to manage their finances in ways that benefit them during and beyond their athletic careers,” said Nicholas Lord, NOCAP’s CEO. “We are extremely grateful that Stash is partnering with us, bringing their comprehensive financial literacy program and investment tools to all of our athletes.”
Courtesy of Stash101, Stash’s immersive financial literacy education for students and children, participating NOCAP athletes will gain critical information to help support and make financial decisions. The athletes will also gain access to the Stash platform, where they can sign up and begin investing their own funds, either directly into a selection of more than 3,000 stocks and ETFs, or in Stash’s Smart Portfolio, a personalized, set-it-and-forget it investment account with crypto exposure.
“Stash is committed to empowering the next generation of young adults to invest in their futures early, and this resonates with me, as I was a college athlete myself,” said Cedric Davis, Senior Director of Strategy and Development at Stash. “Our partnership with NOCAP encourages every NCAA athlete on NOCAP’s platform to build a strong financial foundation to invest in themselves during their NIL journey and into the future.”
About NOCAP
NOCAP Sports is an inclusive automated digital marketplace that allows athletes, schools, and businesses to connect and conduct automated, compliant, transparent, and verified NIL-related transactions with full oversight from independent third parties. NOCAP’s mission is to give every athlete regardless of school, sport, level or background, equal access to the best technology and resources to maximize their name, image, and likeness.
About Stash
Stash is an industry-leading investing, banking, and education platform empowering middle-class Americans to invest and build wealth. Stash’s plans—starting at just $1 a month—provide easy and affordable access to a suite of products including investing, banking, education, and advice. Stash is one of the fastest-growing financial technology companies in the U.S. with more than 6 million customers. In addition to its financial platform, Stash offers Stash101, an online immersive banking and investing simulation where students and children can learn critical financial literacy skills; it’s currently in use across thousands of classrooms throughout the U.S.
Disclosure:
This content is for informational purposes only. Investment advisory services offered by Stash Investments LLC, an SEC registered investment adviser.
Stash offers three plans, starting at just $1/month. For more information on each plan, visit our pricing page.
A “Smart Portfolio” is a Discretionary Managed account whereby Stash has full authority to manage. Diversification and asset allocation do not guarantee a profit, nor do they eliminate the risk of loss of principal. Stash does not guarantee any level of performance or that any client will avoid losses in the client’s account.
Crypto is relatively new and can be volatile. Investments are Delaware Statutory Trusts and offer indirect exposure to Crypto.
Stash101 is offered solely for educational and informational purposes and is provided free of charge. Stash101 content is provided as general information only. While Stash101 is affiliated with Stash Investments LLC (“Stash RIA”), an SEC-registered investment adviser that charges fees, Stash101 is not an investment adviser and is separate and apart from Stash RIA. Stash101 content is not intended as investment advice and should not be relied upon in making any investment decisions.
Investment advisory services offered by Stash Investments LLC, (“Stash RIA”) an SEC-registered investment adviser. While Stash101 is affiliated with Stash RIA, Stash101 is not an investment adviser and is separate and apart from Stash RIA. Investment advice is only provided to Stash RIA customers for a fee. Investing involves risk and investments may lose value.