Business-savvy Velvet Revolver rocker Duff McKagan has launched his own wealth management firm for musicians keen to learn more about the financial world.

Meridian Rock will be headed by McKagan and a British investor.

The former Guns N' Roses bass player, who took a brief hiatus from the music business to study the business of money, claims many musicians who break big are misled when it comes to financial advice.

He says, "You think the money is going to keep coming. When you get that big contract, or your record goes platinum and you're selling out concerts, you don't see that it's going to end."