Financial security means having enough
You’re making more money than ever before… and you’re worried about it. Mounting student loans, huge tax bills and a boatload of deferred gratification… it’s tough to make choices you can feel good about.
Imagine how it might feel to...
Financial Security Shouldn't Cost a Fortune
SAVE MORE MONEY with a workable budget
GET OUT OF DEBT FASTER with refinance and forgiveness guidance
DODGE BIG RISKS with advice about life and disability insurance
AVOID TAXES with a tax-wise retirement plan that makes your money go further.
MAKE A SMART MOVE by buying a home that fits your family and your budget
FEEL GOOD about your kids' future with a plan for college
KEEP MORE of what you earn with flat fee, unlimited, professional management for your IRA, 401k, 403b, HSA, UTMA, and college savings accounts
AVOID HASSLES by letting us handle the administrivia
Doctors love to make a difference… and so do we
Seeing patients. Running a practice. Raising a family. We know you’re doing your best in everything you do.
You want to make an impact on your world, to do something positively good with your life and make a difference in the lives of others.
We do too.
With more than 20 years experience as financial planners for physicians, we understand your unique situation. Over 90% of our clients are physician families. Over 110 doctors rely on our advice.
As a Registered Investment Advisor (RIA), we are legally bound to act in each client's best interest. As of June 1, 2019, we were responsible for accounts totaling $105.8 million.
Meet the Physician Family Financial Advisors Team
W. Ben Utley CFP®
Financial Advisor & President
Janet Davis CPA, CFP®
Jack T. Barker
Student Loan Specialist
Guiding you every step of the way
Taxes, insurance, investments… and student loans. "Financial stuff” can be overwhelming.
How do you make sense of it all?
It's simple. We walk you through every decision and every action one step at a time using a proven process that works for busy physicians like you.
Set a GOAL
Make a PLAN
Get on TRACK
Physician Family Financial Advisors have appeared in...
Top 10 reasons to hire a financial planner for physicians…and 1 reason not to
1. Med schools don’t teach doctors about financial planning.
Doctors are pretty much forced to learn financial planning and investing the hard way since there’s no other way to develop the skills and experience to feel confident when managing their personal finances. A good financial planner, particularly one who likes to educate their clients, can tell you everything you need to know exactly when you need to know it, which saves you time and headaches.
2. “See one, do one, teach one” does not apply to financial planning for doctors.
Every doctor and every family has a different financial situation so there’s no way to get good at doing your own personal financial planning without making a whole bunch of mistakes. As a financial planner for doctors, we’ve learned everything we can about financial planning for physicians, written countless financial plans for doctors and we can teach you what you need to know in order to achieve financial security for your family.
3. It takes a doctor to know a doctor.
And the same logic applies to financial professionals. As a medical practitioner, you’ve got a network of specialists to call upon when you’re out of your depth. But when you’re doing your own financial planning or when you’re using a financial advisor who doesn’t specialize in financial planning for doctors, you lose the benefit of that network. As financial planners for doctors, we have a deep network of experts including accountants, attorneys, bankers and insurance agents who we rely on when our clients need guidance that's goes beyond the scope of our practice.
4. Surgeons don't operate on family members...
...and they shouldn't operate on their own portfolios either. When it comes to investing, you only get two emotions: greed and fear. When the market’s going up every day, you regret not buying more (greed) and when the market's going down, or sideways, you feel like you’ve made a mistake (fear). Even if you’re a “white coat investor,” you’re still human and your emotions can make you your own worst enemy. A solid financial advisor can help you make a plan and stick with it so you're more likely to have a positive outcome.
5. You are already late to the financial planning party.
Physicians usually start making “real money” in their mid-30’s, just about the time you needed to buy a house, pay off student loans and cover the cost of childcare. A good financial planner for doctors can help you start earlier and save more so that you don't find yourself burned out and wishing you had put away more money earlier in your career.
6. Financial planning takes time and you don’t have any left.
When you’re not sleeping, or eating, or doing procedures or rounding on patients, you might want to spend some time with your kids or even your spouse, unless of course you are on call or dangerously behind on your dictation. When all that’s done, do you really want to sift through the financial news, read over your insurance policies, tackle your estate planning and manage the minutiae of student loans? A financial planner for doctors can do all that for you, giving you some energy to enjoy what’s left of your free time.
7. Making the wrong financial move is more expensive than hiring the right financial planner.
Everybody in your practice knows the doctor who made a huge financial mistake. He’s the one standing in the O.R. long after he should have retired. We’ve heard them say, “I wish I had met someone like you when I finished residency.” Guess what? You just met us!
8. The break room tells only half the story.
From the outside, it looks like your colleagues are brilliant financiers. They’ll brag about all the money they’ve made in the market but they won’t say a word about the huge losses they racked up in the process. A financial planner for doctors can help you make better decisions and prevent the mistakes your colleagues have made.
9. You could use a financial scapegoat.
Now that you’re a doctor, there’s a lot of pressure around money. Your mom and dad need help buying a house. Your brother-in-law wants you to invest in his restaurant. Your colleagues are pressuring you to pay way too much to buy into the medical office building. And while you want to “do the right thing,” you know that might not be right for you. When you have a financial advisor (and everybody knows it), you can say, “My financial advisor said no.” It makes your financial planner the bad guy, not you.
10. Your family is counting on you.
You may be the only one in your household who understands the money situation. If something happens to you, your family may have a tough time taking on the task unless you have a financial advisor who can help them pick up where you left off. And if your wife/husband is not involved with the personal finances, a financial planner can help you work together to become financially stronger as a couple and even model good financial habits for your children.
So what's the one reason NOT to hire a financial planner for doctors?
It's simple. You should not hire a financial advisor unless you actually intend to follow their advice because the best advice—like the best medicine—won't do you a bit of good unless you actually take it as directed.