Financial Planner
For Doctors

Each person’s individual financial situation is different, and you deserve an advisor who will consider the unique factors that affect you, including your career. If you’re a doctor, especially if you run a private practice, there are many things your financial planner needs to consider to develop the best strategy for your needs. Working with an advisor who takes a holistic approach and considers your individual circumstances is an ideal path to long-term financial well-being.

The Benefits Of A Financial Advisor

Having an experienced professional who can assist you with managing your money is a valuable asset.

At Wellspring, we strive to provide six critical benefits to all of our clients, regardless of their career path:

Key Financial Considerations
For Doctors

Key Financial Considerations For Doctors

The benefits above apply across different careers and in addition to these principles, we also consider your unique situation.

For doctors, some common considerations include:

Loan Repayment

After many years of schooling, most physicians have student loans. A financial planner can help you strategize how to allocate your funds to pay these down over time. We will consider the interest rate of the loans compared to other opportunities and will create a plan with your best interest in mind. In addition to student loans, doctors with their own practices may have business loans that also need to be factored into their financial plans.

Retirement

Planning for retirement is a key consideration for individuals regardless of their careers. For doctors, there are additional factors that could influence your savings and investment strategies. As we create your plan, we’ll ask you questions to determine what your goals are and will give thoughtful individualized advice.

Insurance

Doctors often benefit from robust disability insurance coverage. This is because your livelihood is closely tied to your ability to work, and the job is more specialized than it is for many other career paths. Your financial advisor can help you examine your options for insurance and will help you determine if you have enough coverage, or if perhaps you have too much coverage for your needs.

Changing Financial Circumstances

Practice Ownership or Partnership

If you are a partner or owner of a private practice, your financial situation has additional complexities to consider. Tax planning is essential and you’ll also need to consider not only your personal finances but also those of your business. One of our skilled advisors can help you navigate this.

Loan Repayment

Retirement

Insurance

Changing Financial Circumstances

Practice Ownership or Partnership

Get Started

At Wellspring, we strive to understand your unique preferences, circumstances, goals, and challenges. We work with doctors at all stages of their careers and provide personalized advice with your needs in mind.

Financial Planner
For Doctors

Financial Planner
For Doctors

The Benefits Of A Financial Advisor

Key Financial Considerations
For Doctors