First Year Attending
MONTHLY SUBSCRIPTION INCLUDES:
Find out how to pay off all your debts and save all the money you need for your kids’ college and your own retirement.
Dedicated Financial Advisor
Get personalized guidance from a Certified Financial Planner™ who comes to know you and your family as individuals.
Unlimited Investment Advice
Gain professional management of all your retirement and college accounts, no matter how large or small. It’s all included.
Stop worrying about money and start getting on track
Physician Family can help you with
Save money and get out of debt faster
Avoid mistakes and retire on time
Save taxes and send your kids to a better school
Find out if we’re a match
Learn more about Physician Family, understand our service, and find out if we’re the right financial advisor fpr you in your Free Initial Visit.
Meet our team and make a great start
Get to know your Financial Advisor and understand how to get the most out of your relationship wtih Physician Family in your Welcome Visit.
Get organized and see your money clearly
Share details with your financial advisor by linking investments, student loans and other accounts to our Electronic Financial Record (EFR) in your Charting Visit.
Focus on the outcome
Set, clarify and prioritize your goals for retirement, college and debt freedom with guidance from your Certified Financial Planner™ in your Goal Setting Visit.
Find out how to get on track
Receive your written financial plan with detailed step-by-step advice about how much to save, where to put your money, and how to invest it for college and retirement. Find out how to refinance and consolidate loans to become debt free in your Plan Delivery Visit.
Take action to get on track
Get personal help with investments, insurance, student loans, budgeting, mortgages and income taxes from your Certified Financial Planner® by email and text, or by scheduling a call or meeting for a Followup Visit.
Make adjustments to stay on track
Review your plan, measure your progress and make changes to keep your plan on track in your Annual Checkup Visit.
Frequently Asked Questions
Is your service right for me?
If you are a physician who needs a real financial plan and wants a skilled professional to help put that plan into action, Physician Family is for you. Our service is purpose-built to help you achieve financial security, which means having all the money you need when you need it.
What if I don't know anything about personal finance?
We give you the education you need to make financial decisions with confidence. We are happy to begin at the beginning, starting with what you understand and building from there, educating you as we move forward together.
When will you begin charging me?
Your Initial Visit is free. Once you become a client, we will hold a Welcome Visit and that’s when we charge a fee that’s prorated for the first partial month. After that, we collect fees by ACH bank draft on the first business day of the month for which services will be rendered.
Can I pay with my credit card instead of ACH?
We believe that becoming financially secure means moving away from debt, so we do not accept credit cards.
Are there any hidden fees?
No. While your financial institution and other service providers (your accountant or attorney) may charge you separately for their products and services, all of Physician Family's work is covered by one monthly fee.
Why don’t you charge by the hour?
Advisors who bill by the hour have an incentive to waste time and, for the physicians we serve, there’s nothing more precious than time. From our perspective, subscription fees give us the ability to earn a stable salary so we can feel comfortable putting our hearts and souls into the work we do for you.
How long is the service agreement?
We work on a month by month basis. While we hope to serve you for years to come, you can cancel your engagement with us at any time by email or by phone. Refunds for partial months are prorated.
How do your Financial Planning services differ from those of other firms?
We recognize that financial security means something different to a first year attending or a mid-career practitioner, so we offer a modular approach to financial planning for doctors as you move from training toward retirement. Each financial plan is a written document containing a blueprint for how to get on track. Your financial plan, along with your Electronic Financial Record, allows you and your Financial Advisor to chart a clear path toward reaching your financial goals.
What is your approach to Financial Consulting?
Our Financial Consulting services are coordinated with your tax specialist and your legal counsel. We can also provide referrals to reputable insurance agents and bankers who have experience serving physicians. We offer help with:
MORTGAGES & HELOCS
SELF-EMPLOYMENT & LOCUMS
SOCIAL SECURITY & MEDICARE
STUDENT LOAN CONSOLIDATION & REFINANCE
What does “Investment Guidance” mean?
Simply that we give you the framework you need to manage your own accounts. We can recommend specific mutual funds for each of your accounts. We also provide you with an asset allocation recommendation and Investment Policy Statements.
Will Physician Family manage my investments?
Yes, but only if you want us to. We can manage all your accounts or you can manage all your accounts or a little of both. In fact, you can even hire us as your primary financial planners and let someone else (including robo-advisors like Betterment) manage your accounts for you. As financial planners for doctors, our primary concern is to see that your investment portfolio supports your ability to become financially secure.
Do you have a minimum investment?
No. We are prepared to help with all your accounts, regardless of size.
I have a Fidelity 401k. Can you manage that?
Yes we can. We manage Fidelity 401k, 403b, 457b and 401a accounts for many clients.
I own Vanguard funds. Can you help with those?
Yes, in three ways! If you already have a relationship with Vanguard, we can manage those funds via limited power of attorney. As an alternative, we can give you recommendations about which Vanguard funds to own and you can manage your accounts yourself. If you want us to manage your accounts for you at TD Ameritrade, we can recommend Vanguard funds in the accounts you hold there.
I have heard that DFA Funds are good. Do you use DFA Funds?
Yes, we do use mutual funds offered by Dimensional Fund Advisors (DFA). These funds are only available in accounts we manage for clients at TD Ameritrade Institutional.
What about my 529 plan? And my health savings accounts? Can you manage those?
Yes. In fact, we can manage any account with a login. However, to keep you safe, we will not manage an account that might give us the ability to withdraw funds. In those cases, we can help you move the account to a place where we can safely manage it for you, or give guidance about how you can manage it yourself.
I want to manage my own investments. Can I still be a client?
Absolutely. If you want us to act solely as your financial planner, we can do that while you manage your accounts yourself. Some married couples engage us this way as a "backup plan" in case the investment-wise spouse dies or becomes incapacitated.
Where will you keep my money?
You are free to open an account at any financial institution. If you ask us to manage your IRA or taxable accounts for you, we prefer to use TD Ameritrade because it makes our work easier. They offer great service at a low price so you can keep more of what you earn. For your security, we never take possession or “custody” of your accounts, your money or your securities.
What is included in Portfolio Management?
This is professional management of HSAs, 529s, SEP-IRAs, backdoor Roths, solo-401ks, etc. We save you time with signature-ready paperwork to open accounts and consolidate scattered accounts. Our Portfolio Management services include:
ACCOUNT CONSOLIDATION & MAINTENANCE
SECURITIES SELECTION & TRADING
TAX LOSS HARVESTING
WHAT HAPPENS TO MY ACCOUNTS IF I TERMINATE MY RELATIONSHIP WITH PHYSICIAN FAMILY?
Your accounts are always yours. You keep your accounts and the money that’s in them.
How much do you charge to manage investments? Our level monthly subscription fee covers all of our services, including Portfolio Management, Investment Guidance, Financial Planning and Financial Consulting. There is no separate charge for any of these services.
Is there a penalty for cancellation?
No. There is no cancellation fee.
More questions? Contact us