FAQs

Do I really need a financial advisor, or can I manage this myself?

Many healthcare professionals can manage basic investing on their own. Where a financial advisor adds value is helping coordinate decisions around taxes, retirement strategy, career transitions, and long-term planning. Avoiding costly mistakes and missed opportunities can often more than offset advisory fees over time.

Do you work with physicians, dentists, and other healthcare professionals?

Yes. Our clients are physicians, dentists, and other healthcare professionals, including APRNs, physician assistants, physical therapists, and occupational therapists. We work with clients across a wide range of specialties and at different stages of their careers.

Are you a fiduciary?

Yes. When providing investment advice, we act as a fiduciary and are legally obligated to act in our clients’ best interests.

Do you work with my CPA and attorney?

Yes. We regularly collaborate with our clients’ CPAs and attorneys to help ensure tax planning, estate planning, and financial decisions are aligned and coordinated.

What happens in an introductory consultation?

The introductory consultation is a no-pressure conversation designed to understand your situation, your goals, and where you are in your career. We’ll discuss the challenges you’re facing and determine whether working together makes sense.

What should I expect in the first year working together?

In the first year, we focus on building a comprehensive understanding of your financial situation, clarifying goals, and developing a coordinated plan. This often includes reviewing retirement plans, investments, insurance, taxes, and cash flow, followed by implementation and ongoing guidance.

What types of financial planning services do you provide for healthcare professionals?

Our planning services may include retirement planning, investment management, tax-aware planning, estate and legacy planning, charitable giving strategies, risk management, and generational wealth planning. We believe our role is to educate our clients, develop a plan collaboratively, and help implement that plan over time.

Will you review my retirement plans, including 401(k), 403(b), 457 plans, and Self-Directed Brokerage Accounts (SDBAs)?

Yes. We review employer-sponsored retirement plans such as 401(k), 403(b), and 457 plans. When available, we also help evaluate Self-Directed Brokerage Accounts (SDBAs), which allow access to a broader range of investment options beyond a plan’s standard fund lineup. Our goal is to ensure these accounts are coordinated with your overall strategy.

How do you help reduce taxes?

We help identify opportunities to improve tax efficiency through retirement plan strategies, investment location, charitable planning, and coordination with your CPA. The goal is to reduce unnecessary taxes while supporting your long-term objectives.

Do you help with retirement and exit planning?

Yes. We help clients evaluate retirement timing, income strategies, and exit planning decisions. For physicians and other healthcare professionals, this often includes planning around employment changes, practice transitions, or phased retirement.

What is your investment philosophy?

Our investment philosophy emphasizes long-term discipline, diversification, and risk management. Portfolios are designed to align with your goals, time horizon, and comfort with risk rather than short-term market movements.

What makes Wealth for Docs different?

We focus on working with physicians, dentists, and other healthcare professionals who often have complex financial lives and limited time. Our approach is planning-first, educational, and collaborative, designed to help clients make informed decisions throughout their careers.