Medical Economics

W. Ben Utley, CFP® again listed for third time among Medical Economics "150 Best Financial Advisors For Doctors"

Given that there are about 700,000 financial advisors in the United States, I'm proud to announce that I have recently been ranked among Medical Economics' list of "150 Best Financial Advisors for Doctors". Three things physician families should note about this list are...

  1. My firm must be delivering the services that doctors really need since this is the third time Med Ec has tapped me since 2002 (they run their list every two years).
  2. Doctors who are searching for the services I deliver have a 0.02% chance of finding them by randomly bumping into a financial advisor at this year's Christmas party (that's 150 physician-focused financial advisors divided by 700,000 total financial advisors).
  3. Medical Economics is doing physicians everywhere a big favor by narrowing the field for doctors in search of decent financial advice. Thanks!

The criteria for being ranked include knowledge, experience, fee arrangements (with preference given to fee-only advisors like myself), minimum portfolio requirements, and being in good standing with SEC and the NASD.

From the Expert | W. Ben Utley, CFP® writes for Medical Economics

The following article by Certified Financial Planner® W. Ben Utley was published in Modern Medicine (formerly Medical Economics) on Jan 2, 2008 and is reproduced here in its entirety.


Just as our climate has seasons, so does the US economy. Growth in consumer spending and production warms the economy, bringing with it sunny financial conditions that often last three to six years. But slowdownsas measured by a shrinking gross domestic productlead to chilling recessions, each lasting an average of 10 months since World War II.

This January, it looks like an economic winter may soon accompany our environmental winter. The credit crunch that started with the subprime mortgage mess precipitated a decline in home prices that may burst the housing bubble. Weakness in the housing market usually dampens the overall economy. In my view, we could be on the leading edge of a US recession.

So, what can you do to help your investment portfolio weather the storm?

  • Be balanced. Recessions hit stocks harder than bonds, which tend to do well during these economic storms. To smooth out the stock market declines that come with a recession, hold a balanced asset allocation-a blend of stocks and bonds (or stock funds and bond funds). The mix that's right for you depends on your financial goals and the rate of return you're aiming for in your overall financial plan.
  • Diversify, diversify, diversify. In the last recession, during 2001, tech stocks got soaked while real estate shone brightly. But trying to call the next hot sector while dodging the doldrums isn't a good idea. It's smarter to own shares in companies of all sizes: growth and value, foreign and domestic. Seldom does everything go down at the same time.
  • Think long term. The thought of losing money may make you nervous, but remember that recessions are short-term phenomena. While the worst recessions can last as long as two years, your personal investment time horizonhow long before you need to actually spend your savingsprobably spans a decade or more. Don't let short-term volatility blow away your long-term plan.

Like the seasons that control our weather, the cycle of economic change is a natural part of the climate for investors. So plan for the elementsboth fair and foulby investing in an all-weather strategy.

W. Ben Utley, CFP® Again Listed Among Medical Economics "150 Best Financial Advisors for Physicians"

You probably already know this, but Medical Economics says, "Finding an adviser is easy. Finding one who has a lot of experience working with physicians, and who understands their often-unique financial situations, takes time and effort." This is the second time Ben Utley has been listed in this publication about financial planning for doctors, and Utley is one of only two advisers in all of Oregon who was admitted to the list of "150 Best Financial Advisors for Doctors" this time around. Article by Dennis Murray

W. Ben Utley, CFP® listed among Medical Economics "150 Best Financial Advisors for Physicians"

Editor Leslie Kane began her search by asking physicians to recommend their favorite advisors. Next, she looked for advisors who shine in their field and in their commitment to financial planning for doctors. Certified Financial Planner® W. Ben Utley made the cut, so they listed him among its list of "150 Best Financial Advisors for Physicians" for 2002.