Financial Advice for Doctors & Dentists
Financial Advice for Doctors & Dentists
Why do so many doctors seek financial advice?
TIME!
We know, that many doctors are so focused on their patients, they simply don’t have time to think about their financial needs.
Doctors often neglect to leverage their earnings & miss opportunities to build wealth.
Or they rush into the latest tax minimising schemes without giving due consideration to the risks.
A doctor’s financial circumstances are unique
We know that doctors love property and often over-invest in it. We’ve seen how most doctors under-invest when it comes to insurance, despite being in a profession that exposes them to unique risks often not covered by traditional policies. Doctors’ earning profiles are often very different to that expected by most financial institutions, which requires specific understanding and expertise in balancing earning capacity and cash flow when considering their level of debt and its financing.
We’re aware too that as most financial institutions are comfortable lending to doctors because they have solid, stable earnings, there’s a tendency for doctors to take on too much debt.
A doctor has a unique career trajectory
You don’t start earning for years because of time spent in medical school and chosen specialty training programs including additional research post-fellowship – so many doctors don’t get serious about super funds as early as they should. This can make a profound difference to the financial advice you need.
Our deep understanding of the medical industry means that we understand the professional lifecycle and how this should affect asset structuring, taxation and investment decisions. We also offer access to specialist financial strategies that are developed specifically for and available only to medical and dental professionals.
A doctor’s relationship with a financial advisor
As a medical professional, you face unique challenges – long hours, intense yet rewarding work and the constant pressure to run a successful practice. Somehow you have to do it all while finding time for your family & while making sure you prepare for the future.
When it comes to your wealth, making considered decisions early can ensure your income is both optimised & protected throughout your career.
Many of our clients benefit from advice on tax-effective ways to convert their income into growing capital, how to protect their family & assets, getting their practice ready for sale & managing their investments so they can maintain their lifestyle as they look to wind down & reap the rewards of their hard work.
You may require the services of other professional advisers like accountants & lawyers. We will work with your professional network co-ordinating activities to deliver the best outcome for you, both professionally and personally.
Our role as a specialist financial advisor to doctors is to give you the financial control you need to pursue your career & have more time to spend with friends & family. For too many health care professionals this goal is never realised – not because they don’t have the money but rather because they don’t have the right financial plan in place.
An integrated financial plan simplifies wealth generation & saves you time.
It allows you to turn your income into capital without spending anxious hours on investment decisions or administrative tasks like taxation. And you can rest assured that the most important people to you – your family – will be protected with the right insurance & estate planning structures.
3 SIMPLE WAYS WE CAN HELP YOU BUILD WEALTH AND SAVE TIME
GET YOUR SUPER WORKING
Super is a highly tax-effective way to build capital. With the right strategy it can replace your income whilst you’re still working.
MAKE DISCIPLINED INFORMED DECISIONS
Being smart about where you invest your surplus cash can significantly improve your returns – and that means you’ll have more money to “pay yourself.”
FOCUS ON INTEGRATION
The optimal investment structure can help you reduce your ongoing tax & provide for your family.
Contact our team to arrange a complimentary meeting
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