The First Revolutionary
NIL Fund (FRNIL)

Pioneering Investment

The first legal, compliant NIL investment fund structured as a Delaware LLC.

Fiduciary Oversight

Managed by Friends Wealth Management, a Maryland-licensed fiduciary RIA.

Innovative Structure

Fully evergreen with rolling capital commitments and NCAA alignment.

The First Revolutionary
NIL Fund (FRNIL)

Pioneering Investment

The first legal, compliant NIL investment fund structured as a Delaware LLC.

Fiduciary Oversight

Managed by Friends Wealth Management, a Maryland-licensed fiduciary RIA.

Innovative Structure

Fully evergreen with rolling capital commitments and NCAA alignment.

Friends Wealth Management Presents: FRNIL

The First Structured NIL Investment Fund

Reg D 506(c) Compliant

Meeting all regulatory requirements

Reg D 506(c) Compliant

Meeting all regulatory requirements

Fiduciary-Managed by a Registered Investment Advisor

Professional oversight and management

Fiduciary-Managed by a Registered Investment Advisor

Professional oversight and management

Designed to Empower Athletes & Investors

Creating mutual benefit for all parties

Designed to Empower Athletes & Investors

Creating mutual benefit for all parties

The NIL Revolution Is Televised

Built for Athletes.
Managed by Fiduciaries.
Open to Accredited Investors.

Athletes

Access to structured NIL capital

Fiduciaries

Professional management

Investors

Unique investment opportunity

The NIL Revolution Is Televised

Built for Athletes.
Managed by Fiduciaries.
Open to Accredited Investors.

Athletes

Access to structured NIL capital

Fiduciaries

Professional management

Investors

Unique investment opportunity

The NIL Gold Rush And Why
You’ve Been Locked Out

$2.5B+ Market

NIL is a billion-dollar market with explosive growth expected in 2025-2026.

Opaque Deals

Current deals are unstructured, predatory, and inaccessible to most investors.

FRNIL Solution

We structure deals.
We align incentives.
We deliver returns.

Now Is The Future Of Investing

$84T Wealth Transfer

From the BabyBoomers to their heirs & charities Between 2025-2045

FRNIL

Pioneering a new Asset Class!

$2.5B

NIL Market Projected market size by 2026

$62T

Millennials & Gen Z

Set to inherit this money, many want to invest in NIL

78%

Pro Athletes Percentage
Who Go Broke

If your message sounds like their parents’ advisor, you’ve already lost them.

Built Like a Championship Portfolio

Run Like a Fund – Built for the Field

Our Proprietary AIP Score™
Due Diligence System

Athlete Investment Profile™

(AIP Score™)

Comprehensive athlete evaluation

NIL ROI Scoring Model

Quantitative return assessment

NCAA/SEC/FINRA Legal Compliance

Regulatory adherence framework

Our Proprietary AIP Score™
Due Diligence System

Athlete Investment Profile™

(AIP Score™)

Comprehensive athlete evaluation

NIL ROI Scoring Model

Quantitative return assessment

NCAA/SEC/FINRA Legal Compliance

Regulatory adherence framework

No Debt – Just Opportunity

2.5x ROI Cap

Clear upside limit for athletes and investors

75/25 Split until Repaid

Fair revenue sharing structure

100% NIL Rights Revert to Athlete

Athletes maintain long-term ownership

Siloed Risk – Targeted Return

Elite Team Investment Structure

Dedicated to NIL deals for Women Athletes & Olympic Sports
Focused on high-profile agreements

Elite Siloed Investment Structure

Dedicated to NIL deals for individual investment

Investor Advantage

  • Ability to participate in both structures
  • Balanced risk and return profile
  • Not Just a Handout – this is an Investment&

– the 1st of its kind.

Siloed Risk – Targeted Return

Elite Team Investment Structure

Dedicated to NIL deals for Women Athletes & Olympic Sports
Focused on high-profile agreements

Elite Siloed Investment Structure

Dedicated to NIL deals for individual investment

Investor Advantage

Ability to participate in both structures

Balanced risk and return profile

Not Just a Handout – this is an Investment&

– the 1st of its kind.

Aggregated NIL Deals.
Diversified Exposure.

Streamlined Tax & Legal

Simplified structure for efficient management

Scalable Across Athletes, Genders, Sports

Diverse representation across collegiate athletics

Efficient Cost Structure

Maximizing returns through operational efficiency

Aggregated NIL Deals.
Diversified Exposure.

Streamlined Tax & Legal

Simplified structure for efficient management

Scalable Across Athletes, Genders, Sports

Diverse representation across collegiate athletics

Efficient Cost Structure

Maximizing returns through operational efficiency

What If It Doesn’t Work Out?

Agreement remains in place for 5 years post-graduation. If the athlete does not secure lucrative NIL deals, a professional contract, get’s injured, or doesn’t live up to expectations, we tear up the Agreement. Meaning the athlete owes nothing to the fund and/or its shareholders.

This is not a loan.
No interest.
No clawbacks.
No debt.

Graduation

Maximizing returns through operational efficiency

Career Development

Continue building your brand with FRNIL support

Performance Review

Regular assessment of NIL success and strategy

5-Year Mark

If NIL hasn’t been profitable, you can exit with no obligations

What If It Doesn’t Work Out?

Agreement remains in place for 5 years post-graduation. If the athlete does not secure lucrative NIL deals, a professional contract, get’s injured, or doesn’t live up to expectations, we tear up the Agreement. Meaning the athlete owes nothing to the fund and/or its shareholders.

This is not a loan.
No interest.
No clawbacks.
No debt.

Graduation

Maximizing returns through operational efficiency

Career Development

Continue building your brand with FRNIL support

Performance Review

Regular assessment of NIL success and strategy

5-Year Mark

If NIL hasn’t been profitable, you can exit with no obligations

Investor Liquidity with Strategic Guardrails

3-Year Lockup per Tranche

Initial commitment period for capital stability
Every new dollar invested begins a new clock

Quarterly Redemptions

5% Gate to manage fund liquidity

Manager Discretion

Protects long-term returns for all investors

Investor Liquidity with Strategic Guardrails

3-Year Lockup per Tranche

Initial commitment period for capital stability
Every new dollar invested begins a new clock

Quarterly Redemptions

5% Gate to manage fund liquidity

Manager Discretion

Protects long-term returns for all investors

Private Equity Meets Athletic Performance

Uncorrelated Asset Class

NIL investments provide portfolio diversification independent from traditional market movements.

Impact + ROI

Opportunity to support athlete development while generating financial returns

First Mover Advantage

Early access to an emerging investment category with significant growth potential

Private Equity Meets Athletic Performance

Uncorrelated Asset Class

NIL investments provide portfolio diversification independent from traditional market movements.

Impact + ROI

Opportunity to support athlete development while generating financial returns

First Mover Advantage

Early access to an emerging investment category with significant growth potential

Performance. Brand. Ownership.

Structured NIL Capital

Immediate financial resources without long-term obligations

Career Branding Guidance

Professional support for personal brand development

Retain Future Income Rights

Athletes maintain control of their long-term earning potential

From the Locker Room to the Board Room ™

Invest in the Future of Sports™

Be part of the revolutionary NIL movement transforming collegiate athletics.

Legacy’d™

Learn how to build generational wealth. Create sustainable financial outcomes for both athletes and investors.

Athletes First. Fiduciary Always.™

Work with professionals legally bound to act in your best interest FWM = Fiduciaries

Simple. Compliant. Scalable.

Join team FRNIL:

Complete Subscription Docs

Start the investment process with proper documentation

Accreditation Verified

Confirmation of investor qualification

Wire Funds to Custodian

Secure transfer of investment capital

Join the Team

Become part of the FRNIL investment community

Simple. Compliant. Scalable.

Join team FRNIL:

Complete Subscription Docs

Start the investment process with proper documentation

Accreditation Verified

Confirmation of investor qualification

Wire Funds to Custodian

Secure transfer of investment capital

Join the Team

Become part of the FRNIL investment community

Contact us:

Name: John Fremont-Smith
Title: Founder, Portfolio Manager
Friends Wealth Management
Email: john@friendswm.com
Website: https://www.friendswm.com
Phone: (410) 707-9230

Important Compliance Disclosures:

This presentation does not constitute an offer to sell or solicitation of an offer to buy any securities. Offers and sales of interests in the FRNIL Fund are made exclusively to accredited investors pursuant to Rule 506(c) of Regulation D promulgated under the Securities Act of 1933. Investing involves significant risks, including the potential for the loss of the entire investment.

Past performance does not guarantee future results.

The FRNIL Fund LLC is custodied at Inspira and co-managed by Friends Wealth Management & 3rd party investment managers. The fund may be subject to audits within the year. Investors are advised to carefully review all subscription agreements, operating agreements, and disclosure documents before investing. Prospective investors should consult their financial, legal, and tax advisors prior to making any investment decision.

Interested in learning more about the FRNIL Fund? 

Please provide your name, email address, phone number (optional), and details of your interest so that we can assist you and reach out to schedule a meeting.

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