FINANCIAL PLANNING PROCESS

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Set a goal

Know WHY money is important

  • Buy a nice home
    Pay off all your debts
    Send kids to a great school
    Retire on your own terms
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Make a plan

See HOW money can work for you

  • See the big picture
  • Understand your options
  • Figure out how much to save
  • Know exactly what to do next
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Get on track

Find out WHAT to do with money

  • Hammer your student loans
  • Take the bite out of your tax bill
  • Avoid silly investment mistakes
  • Protect your family's future
 

INVESTMENT APPROACH

We believe your investments are more than just money. They are a store of life energy that holds the power to provide your family with financial security that can last a lifetime.

That's why we recommend a buy-and-hold approach to investing that emphasizes low-cost, tax-efficient index funds to support your plans for retirement, college and other long term goals. We generally recommend...

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Investment Guidance
for do-it-yourself doctors

Some physicians want to handle their own investments but nobody wants to make a costly mistake. To help you make the most of your investing experience, we can help you:

  • target an asset allocation
  • set investment policy
  • select mutual funds
 

Account Management
for busy physicians

As a doctor, most of your investments are tucked away in tax-sheltered retirement accounts or college savings plans where the typical advisor cannot take care of them for you. No matter where your accounts are held, we can:

  • harvest tax losses
  • rebalance annually
  • report results
  • clean up accounts
  • select securities
  • place trades
 
 

Stay On Track

Email, text, call or meet with your
Certified Financial Planner
when you need advice about…

  • student loans
  • income taxes
  • practice buy-ins
  • self-employment
  • budgeting
  • investing
  • disability insurance
  • changing jobs
  • moving
  • housing
  • mortgages
  • employee benefits
  • estate planning
  • life insurance
 
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Frequently Asked Questions

What if I don't know anything about investing?
No problem. We are happy to begin at the beginning, starting with what you understand and building from there, educating you as we move forward together.

Do I really need a financial planner? Can't I figure this out on my own?
If you have the keys to personal finance success—knowledge, skills, experience and energy to handle your own finances—it would be silly to pay a professional to do it for you. However, if you are missing even one of those keys, it makes sense for you to hire us to make the process faster, simpler and better for you.

How long does it take?
As soon as you return your Registration Kit, we can schedule a time to set goals. After that, the pace depends on you: how busy your schedule is, how quickly you respond to requests , and how complex your situation is. We like to keep things moving but we refuse to sacrifice quality for speed.

Will Physician Family manage my investments?
Yes but only if you want us to. We can manage all your accounts (Account Management) or you can get help managing your accounts yourself (Investment Guidance) 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 investments supports your ability to become financially secure.

Is there a minimum investment?
No. We are prepared to take care of any account, regardless of size.

I have a Fidelity 401k. Can you manage that?
Yes. 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 (Account Management). Or we can give you recommendations about which Vanguard funds to own and you can manage those accounts yourself (Investment Guidance). Or, if you want us to manage your accounts for you at TD Ameritrade, we can use Vanguard funds in the accounts you hold there (Account Management).

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 HSA? Can you manage those?
Yes. In fact, we can manage any account with a login. For your security though, we will not manage an account that might give us the ability to make a withdrawal. 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 to manage it yourself.

Where will you keep my money?
For your security, we never hold or “take custody of” your money. You are free to open an account at any financial institution. If you ask us to manage your IRA or, joint or trust accounts for you, we prefer to use TD Ameritrade because it makes our work easier (think "hospital privileges"). They offer great service at a low price so you can keep more of what you earn.

What happens to my accounts if I terminate my engagement with Physician Family?
You keep your accounts and the money that’s in them. Your accounts are always yours.