"Are my assets protected?"
"Am I leveraging my business to maximize my future plans for me and my family?"
"Does my collection of financial products make sense and work together?"
"Am I saving and investing in the right place for the right goals?"
"I have a great CPA, but I am still wondering . . . are there other ways to minimize my income tax bill?"
Physicians spend thousands of hours training to practice medicine, but receive little formal education in personal finance. As a result, most medical professionals have a disparate collection of financial products that, at best, are a drag on their goal of financial independence. In working with physicians now for close to 30 years, yours is the only profession I’ve seen whose income has declined. While it’s true that you continue to enjoy greater than average financial rewards, it comes at a greater cost of longer hours and more frustration around managed-care issues.
As a doctor your career is specialized, and your advisors should be too. We understand the financial challenges that are part of the progression from medical training to practice and beyond. Our financial goal for the doctors and dentists we work with is to help make work optional as early in your career as possible so you have the financial independence to make the best choices for you and your family.
If you started working with an advisor earlier in your career, you may not be aware of the industry changes and competitive standards that have helped investors gain access to fiduciary-level advisors. A fiduciary is someone who manages the assets of another and stands in a special relationship of trust, confidence, and legal responsibility. If you’re working with an advisor who cannot or will not work with you as a fiduciary, I hope you will come talk with us, and see what it’s like to have a fiduciary-level firm working for you.