Are there any firms that specialize in managing the money of musicians?
During an internship I had at an AM we had a deal come through that was backed by Drake. However, it seemed to be orchestrated by his manager and not a designated investment advisor / broker. I've long wondered if this was normal, or if there was a firm that specialized in managing assets for people in the music world.
I've come across managers like Joe McLean of Intersect Capital who manage money specifically for NBA players, but my Googling has borne no fruit for musicians.
Is this an existing niche within the asset management industry, or is this simply where the role of an artist's manager comes in?