Financial Planner
for Doctors
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. If you’re a physician, 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. Wellspring takes a holistic approach and considers your individual circumstances as 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:
Organization
Accountability
Objectivity
Proactivity
Education
Partnership
Organization
We work with you to define your financial needs, wants, and plans, then use these to bring structure to your financial life.
Investment Advising
Having an advisor to help you stay on track with your financial plan, and who will review your progress, makes it easier to follow through on financial commitments.
Objectivity
Emotionally-driven financial decisions are not ideal, and having insight from an outside perspective can help you avoid making such choices.
Proactivity
We can help you plan ahead for life transitions that you know are coming, and also regularly assess potential changes or events you might not anticipate.
Education
A well-informed client is our best client and we provide specific knowledge to help you understand your financial situation and our recommendations.
Partnership
We view our relationships with our clients as partnerships and take the time to genuinely understand your philosophy, background, needs, and life goals.
Financial Considerations
for Physicians
Financial Considerations for Physicians
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. For physicians that own their own practices, we also factor in business loans.
Retirement
Planning for retirement is a key consideration. For physicians, 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.
Irregular Cash Flow
Wellspring will help you plan for changes in cash flow. When building a financial plan, we can factor in and help you plan around income from various sources such as quarterly bonuses, annual bonuses, income from medical investments, income from business ownership, or any other sources you may have.
Changing Financial Circumstances
While many physicians assume they only need an advisor once they are “established,” the truth is you can benefit from working with Wellspring earlier in your career. Our advisors will work with you to understand your anticipated career trajectory and to help you plan ahead and build personal wealth.
Practice Ownership or Partnership
If you are a partner or owner of a private practice, your financial situation has additional complexities to consider. Wellspring can help tackle these complexities and help you to navigate through them.
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. For physicians that own their own practices, we also factor in business loans.
Retirement
Planning for retirement is a key consideration. For physicians, 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.
Irregular Cash Flow
Wellspring will help you plan for changes in cash flow.
Changing Financial Circumstances
While many physicians assume they only need an advisor once they are “established,” the truth is you can benefit from working with Wellspring earlier in your career. Our advisors will work with you to understand your anticipated career trajectory and to help you plan ahead and build personal wealth.
Practice Ownership or Partnership
If you are a partner or owner of a private practice, your financial situation has additional complexities to consider. Wellspring can help tackle these complexities and help you to navigate through them.
