A Thriving Business
Medical Private Practice
A physician and owner of a private medical practice approached us to assist her with her business and personal financial matters. Her practice had grown rapidly in just a few years and they were ripe for a proper employee benefit program. With the demands of her practice and family, our client also sought our help to organize her personal finances and investment accounts which were scattered across various institutions. After a few years, our client’s husband engaged our team to help him set up a retirement plan for his dental practice.
Details
Ages: 45, 43
Family: 2 children, 6 employee
Occupation: Psychiatrist & Medical Practice Owner
Investable Assets: $1M
Planning needs: Personal investments, retirement plan, & cash management
How We Have Helped
Worked closely with her office manager to set up a retirement and health insurance program for the practice and get eligible employees enrolled
Collaborated with a local business attorney to establish a buy-sell agreement for our client and her business partner to ensure the long-term stability of the business and to protect each partner’s interests
Consolidated former employer retirement accounts and IRAs
Set up 529 plans and custodial Roth IRAs for client’s young children to maximize their tax-free compounded returns over their lifetime
Manage personal wealth through a curated set of portfolios that provide diversified participation in both active and passive models