Readers- On this page I list some recommended advisory firms on which I have done some preliminary vetting. Prior to November 2015, this vetting was a review of their website, their ADV2, and a few emailed questions to clarify how they did business. Beginning in November 2015, I require an application (see bottom of the page) that you can review to help you decide who to hire. The application also helps me to standardize the approval process.
You should be aware that although there are many good advisors and good firms, I have yet to find a perfect advisor and deciding who can and cannot be listed here is one of the most difficult things I do on this website. I have turned down a number of advisors that I consider well above average. You should also be aware that all of the businesses listed on this page are paid advertisers on this site. That means that they not only have to pass my vetting process, but they also have to pay to be listed here. I charge a fee for two reasons- # 1 The vetting process takes time and energy and only about 1 out of 4 that I go through the trouble to vet actually ends up listed here and # 2, this page of the site, like the entire rest of the site, is a for-profit business. If you want to start a website where you vet and list recommended financial advisors for free, be my guest.
Remember that financial planning and investment management is expensive stuff and you should expect to pay thousands per year for it, although many of the advisors on this page are some of the cheapest options out there. If they still seem too expensive for you, consider a roboadvisor or learning enough to become your own financial planner or investment manager. As Rick Ferri has said:
You can create and self-manage an all index fund portfolio that has fees as low as 0.1%. It’s going to cost more money if you want advice and management. A decent adviser will spend hours talking with you one-on-one to find the right asset allocation for your needs, then implement and manage that portfolio by taking full legal responsibility as a fiduciary, and then be available to answer all your questions and concerns whenever you call. This personal service takes a lot of time and you have to pay for that time. At least the price for advice and management has come way down ~ for some advisers.
How to Choose From This List
Some readers have asked me what is the best way to choose an advisor from this list. Rest assured that there are no bad choices here. All of the advisors listed here give good advice at a fair price. However, financial planning and investment management is a lot “squishier” than a more simple one-time transaction such as purchasing an insurance policy, refinancing your student loans, getting a mortgage, or having a contract reviewed. Although some of the advisors here will do a one-time second opinion or cover some limited questions for a one time fee or at an hourly rate, most are far more interested in a long-term relationship helping you to reach your financial goals. As such, a good fit between you and the advisor is essential. I recommend you read through the paragraphs below and pick a handful that seem to be offering what you are looking for. Spend a few minutes on each of their websites and read through their linked application if available. If what you are reading sounds good to you, shoot them an email or call them up and schedule a time to meet with them in person or virtually (as all the advisors on this page will take any client in any state.) If you have a particularly good or bad experience, I would love to hear and incorporate your feedback on to this page.
Mayport Wealth Management
Mayport Wealth Management Application
Services:
Mayport offers two service options:
Comprehensive Wealth Management includes in-depth financial planning and investment management:
Financial plan: Mayport starts by meeting with you to understand your goals then prepares a detailed plan to work toward those goals.
Investment management: We develop an investment strategy for each of your accounts then manage your accounts according to this strategy.
Retirement plan guidance: For your 401(k) or 403(b), Mayport will help you choose a set of funds that fits your plan and keeps your costs low.
Financial consultation: If business or investment opportunities are presented to you, we can help you analyze them. And, Mayport is available to answer other financial questions that may come up.
Web portal: To help you monitor progress toward your goals, Mayport’s web portal provides a consolidated view of your entire financial picture in one organized location.
Financial Planning and Investment Consulting provides in-depth financial planning and guidance on your investments:
Financial plan: Mayport starts by meeting with you to understand your goals then prepares a detailed plan to work toward those goals.
Investment guidance: We develop an investment strategy for each of your accounts then provide you with guidance so you can implement it in your accounts
Retirement plan guidance: For your 401(k) or 403(b), Mayport will help you choose a set of funds that fits your plan and keeps your costs low.
Financial consultation: If business or investment opportunities are presented to you, we can help you analyze them. And, Mayport is available to answer other financial questions that may come up.
Fee Structure:
The fee for comprehensive wealth management normally ranges between $5,000 and $20,000 per year, based on the complexity of your needs. This usually results in a significant savings compared to traditional firms that charge 1% of your assets.
The fee for financial planning and investment consulting is $275 per hour, with an initial three-hour minimum for new client relationships.
Location:
Mayport is located in Boston, MA, very close to the hospitals. Mayport works with clients locally and across the country.
Mayport is a Boston-based, fee-only fiduciary advisor. Founder Adam Grossman is a Chartered Financial Analyst and earned an MBA from the MIT Sloan School. Mayport was founded on the belief that quality investment advice can be delivered for a reasonable, flat fee rather than the 1%-of-assets most firms charge. Mayport’s mission is to create for you a financial plan that will meet both your short-term and long-term goals so that you can focus on your career and your family, with the comfort of knowing that you have a solid plan in place. Our investment approach emphasizes simplicity, low-cost and tax-sensitivity. Contact: Adam M. Grossman, CFA, Founder. Email: [email protected] Phone: 617-545-5700
Wrenne Financial Planning
Services:
Comprehensive Financial Planning
Investment Management
Student Loan Planning
Fees (fee-only):
Financial Planning for Residents and Fellows:
Single earner: $500 up-front and $100/mo.
Dual earner: $750 up-front and $150/mo.
Student Loan Planning for Med Students, Residents and Fellows:
Single borrower – $500
Dual borrower – $750
Financial Planning and Investment Management Combined:
New-in-Practice Physicians: $1,000-$1,500/quarter
Established Physicians: $1,500-$2,500/quarter
Location:
We are located in Lexington, KY, and work with physicians throughout the country.
Daniel Wrenne is a Certified Financial Planner® for 100’s of physicians across the US. His average client is in their mid-30’s, has a young family and values work/life balance. Emergency medicine is the specialty he works with most commonly. Working with a very specific clientele has allowed Daniel to develop unique expertise. He founded Wrenne Financial Planning to escape industry conflicts of interest and better serve physician interests. The team at Wrenne Financial Planning will help you save time and sleep better at night knowing all your finances are in order and you’re on track for your ideal future.
Quantifi Planning, LLC – Financial Solutions For Anesthesiologists
Quantifi Planning Advisor Application
Services:
Exclusive focus on anesthesiologists, including:
Comprehensive Financial Planning
Investment Management
Student Loan Analysis
Financial Strategy Session (Free)
Fees:
Flat-Fee Pricing:
For anesthesia residents & fellows, flat-fee pricing starts at $99/mo, and the $299 setup fee is waived for WCI clients only.
For attending anesthesiologists, flat-fee pricing includes a one-time setup fee of $999 and a recurring fee starting at $399/mo or $1,197/qtr. This is all-inclusive for comprehensive financial planning and investment management — no AUM fee. Total annual fee is calculated based on complexity using a sliding scale incorporating income (1%) + net worth (0.5%).
First-year attendings or residents/fellows may want to consider our $799 financial checkup, which is a compact financial-planning engagement that will address three modules of your choice, including: student loan analysis, new employer benefits optimization, disability insurance review, cash flow/budgeting review, or other desired areas of review.
Location:
Philadelphia, PA, serving clients nationwide
When my wife Sarah first began her anesthesia residency in Philadelphia, I was amazed at how many financial professionals targeted her with financial products, pitches, steak dinners, and transactionally-oriented propositions. I specifically designed Quantifi Planning to step into this noisy environment and offer a transparent fee structure and service model to anesthesiologists that frees them to focus on their vocation and personal life without stressing about their finances. In limiting the scope of specialties I seek to serve, I provide a depth of familiarity, of insight, and ultimately, of service, that is truly unique. Anesthesiologists’ personal well-being and financial optimization is my chosen field of specialization. Set up a no-obligation intro call today, or email me directly at [email protected]
Foster Group
Foster-Group-Financial-Advisor-Application
Services:
Investment Management
Advanced Financial Planning
Retirement Plan Consulting
Fee Structure:
| Individuals: | |||||
| Account Value | Annual Fee Schedule {on marginal dollars} | ||||
| Up to $1,000,000 | 1.00% | ||||
| $1,000,001-$2,000,000 | 0.75% | ||||
| $2,000,001-$3,000,000 | 0.60% | ||||
| $3,000,001-$5,000,000 | 0.50% | ||||
| $5,000,001-$25,000,000 | 0.40% | ||||
| $25,000,001 and above | 0.30% | ||||
| Institutions: | |||||
| Account Value | Annual Fee Schedule {on marginal dollars} | ||||
| Up to $2,000,000 | 0.75% | ||||
| $2,000,001-$3,000,000 | 0.60% | ||||
| $3,000,001-$5,000,000 | 0.50% | ||||
| $5,000,001 and above | 0.40% | ||||
E.g. the Annual Fee Schedule for an Account Value of $2,568,652 would read as follows: ($1,000,000 X 1.00%) + ($1,000,000 X .75%) + ($568,652 X .60%) = Total Annual Fee
Locations:
6601 Westown Parkway Suite #100 West Des Moines, IA 50266
8901 Indian Hills Drive #300 Omaha, NE 68114
We serve clients in 35 states by leveraging technology to connect with clients wherever they are. We also travel to meet with clients in person.
Since 1989, Foster Group has focused on delivering investment management, advanced financial planning, and retirement plan consulting services to physicians. We serve medical professionals who we hope appreciate our independent, fee-only, integrated approach to financial planning and investment management. Our financial advisors work with individuals, trust funds, retirement plans, nonprofit and for-profit organizations, and fiduciaries to preserve capital, grow assets, and manage marketplace risk. The Team at Foster Group is committed to helping you feel Truly Cared For™. Click here for a complimentary second opinion today and/or download our free e-book containing the five investment fundamentals every physician should know.
PLEASE NOTE LIMITATIONS: Please see Important Advertising Disclosure Information and the limitations of any ranking/recognitions, at www.fostergrp.com/advertising-disclosure/. A copy of our current written disclosure statement as set forth on Part 2A of Form ADV is available at www.adviserinfo.sec.gov.
Three Oaks Capital Management
Three Oaks Capital Management Application
Services:
- One-time comprehensive financial plans
- Ongoing comprehensive financial planning
- Investment management
- Retirement plan management & consulting
Fees:
Three Oaks Capital charges for planning services based on the complexity of the project. Comprehensive financial plans start at $1,500, and offer a full guarantee if you’re dissatisfied with the service.
Locations:
Three Oaks Capital has office locations in both the Sacramento, CA and Portland, OR areas. We also consider ourselves a “tech forward” firm, and work remotely with clients across the country using videoconferencing tools.
Sacramento Office: 2377 Gold Meadow Way, Gold River, CA 95670
Portland Office: 5200 Meadows Road, Lake Oswego, OR 97035
Grant Bledsoe, CFA, CFP®, founded Three Oaks Capital Management in 2014 with the intention of helping people live more fulfilling lives through client-centric financial planning. Grant is a CFP® and a CFA charterholder, and builds portfolios that leverage low cost DFA & index funds, strategic asset location, and opportunistic tax management. Grant has specific expertise with:
- Student loan repayment planning
- Back door Roth IRA conversions
- Retirement Income planning
- Qualified retirement plans for independent contractors & small practices
Three Oaks Capital offers complimentary initial consultations and a satisfaction guarantee on all financial plans. Read more about Three Oaks’ Confidence in Advanced Planning process at www.3oakscapital.com.
Stone Steps Financial
Stone Steps Financial Advisor Application
Services
Financial Life Management (On-going financial planning and investment management)
Fee structure
Initial fee $0 – $2,500
Annual fee is $3,000 + based on complexity
Location
San Diego, CA
I meet virtually with clients across the US and am available Monday and Tuesday nights until 8:00 PM PST
If you want an advisor who will help you find clarity about what is most important in your life, prioritize those elements, look at what could possibly get in the way, and then guide you to align your money with your life; we should chat. Once we know what a fulfilled life looks like to you, we will put our technical expertise, Chartered Financial Analyst& Certified Financial Planner, to work on your behalf. Feel free to schedule a time to chat here.
Targeted Wealth Solutions
Targeted Wealth Solutions Application
Our Services:
- Actionable Financial Planning
- We help develop an executable plan centered on how you want to grow, preserve, and use your wealth to achieve what’s most important to you
- Plans are tailored to your life and career stage
- The final product is a step-by-step guide that we help you implement so that you can focus more on your life and less on financial uncertainty
- Ongoing Holistic Financial Planning and Wealth Management
- We provide asset management integrated with your financial plan
- We work alongside your other professional providers (CPA, attorney, insurance broker, etc.) to oversee your complete financial picture
- Planning is ongoing and incorporates business retirement plans, succession planning, legacy/philanthropic planning, and other financial elements unique to each client
- Our goal is to free you from financial stress and give you more time to enjoy life
- Workplace retirement plan consulting and ERISA 3(21) or 3(38) services
- One-time portfolio or financial consulting
Our Fees:
- Fees are negotiable based on each client’s financial situation and needs
- Financial planning and consulting services: $150 / hour
- Ongoing wealth management: Based on percentage of assets under management
- $0 – $400,000: 1.00% per year
- $400,001 – $1,000,000: 0.85% per year
- $1,000,001 – $5,000,000: 0.75% per year
- $5,000,001 – $10,000,000: 0.50% per year
- $10,000,000 and above: 0.40% per year
Our Locations:
- Located in Boulder, Denver, and Colorado Springs, Colorado
- We serve clients nationwide and meet virtually at times convenient to them
Targeted Wealth Solutions is an independent, fee-only financial planning and investment management firm founded by former US Air Force pilots. Our goal is to build the financial latitude in your life so that you can pursue your passions. As fighter pilots, we served alongside some of the best flight surgeons in the military. We saw how being in a demanding career with a large amount of peripheral responsibilities caused stress over the lack of time available to spend on professional and personal pursuits that really mattered to our flight surgeons. We started Targeted Wealth Solutions to shoulder financial and business planning burdens so that our clients could get back to doing the things they were most passionate about. Please feel free to contact us at (303)-800-8179 or [email protected]ns.com to schedule a complimentary consult.
FIT Advisors
Services:
Comprehensive Financial Planning
Tax Planning
Investment Management
Fees:
FIT Advisors calculates client fees fee based on net worth and income. Fees start at $400/month for W-2 earner(s) and $800/month for 1099/practice owners. Discounts available for residents and fellows.
Location:
We are 100% virtual and serve clients all across the country
Most physicians’ biggest single expense is their taxes and scarcest resource is their time. When they seek help from the financial industry, most professionals don’t uphold the same standard of ethics that physicians are accustomed to. These are all factors that led Anjali Jariwala, CPA and CFP® to switch from a successful career in tax to fee-only financial planning. She has lived the challenges and opportunities a physician family faces with her physician husband and their 2 year old daughter. She created FIT to provide a concierge level of service – each client is unique and has their own customized plan. To learn more, set up a free initial consultation.
Your Richest Life
Services
Comprehensive Financial Planning
Ongoing Financial Coaching and Monitoring
Fee Structure
Upfront fee ranging from $1200-3000
After upfront fee you pay a monthly fee of $125-300/month
Location
Dallas-Fort Worth, Texas
(Most business is conducted virtually allowing the firm to work with clients all over the country)
Katie Brewer, CFP®, founded her fee-only firm, Your Richest Life Planning , in 2014 in order to focus on physicians and professionals under 50 who are juggling high-intensity careers while balancing the demands of a family. In order to most effectively utilize a client’s time, Katie conducts most business virtually. This framework allows the firm to work with clients all over the country while also minimizing financial planning costs. Katie has over 12 years of experience in the industry and has been quoted in various sources such as The New York Times, Forbes, and Business Insider.
Litovsky Asset Management
Services
Litovsky Asset Management offers comprehensive retirement plan advisory and investment management services. We set up and manage small business retirement plans including 401(k) and Defined Benefit/Cash Balance plans for solo and group practices, and we serve in an ERISA 3(38) fiduciary capacity. Our clients are almost exclusively doctors and dentists, and our retirement plan services are offered nationwide.
Fees
We charge a flat/fixed fee rather than AUM fees and we use low cost index and passively managed funds (including Vanguard and DFA) to build model portfolios with an average expense ratio of 0.15%. Retirement plan advisory fees range from $3,600 – $9,600 with discounts for multiple plans, and no fees are ever taken out of participant accounts.
Location
Sarasota, Florida (Our retirement plan services are offered nationwide)
Konstantin Litovsky is the founder of Litovsky Asset management. As a fiduciary, Konstantin’s job is to make sure that your practice has the best plan cost effectively and that your plan is managed prudently so that your plan sponsor fiduciary liability is minimized. If you’re looking to set up a 401(k) or a Cash Balance plan for your practice, I highly recommend you contact Mr. Litovsky.
Solari Financial
Services:
Investment Management
Ongoing Monthly Memberships
Hourly Financial Plans
Flat Fee Structure – Based on Complexity
Investment Management: $1,000 – $2,000 upfront fee and starting at $900/quarter
Ongoing Monthly Memberships – $1,000 – $2,000 upfront and starting at $225/month
Hourly Financial Plans: $1,500 – $5,000
Locations:
3 Executive Park Dr. Bedford NH 03110
10 Post Office Square Boston MA 02109
(They also leverage technology to connect with clients wherever they are)
Firstmetric, LLC
First Metric Financial Advisor Application
Services:
Investment Management
Portfolio implementation and maintenance
Portfolio monitoring
Portfolio rebalancing
Tax-loss harvesting
Online portal and portfolio reporting
(Investment strategies are developed using mutual funds and ETFs from Vanguard, Dimensional Fund Advisors – DFA Funds and iShares.)
Investment Planning
Determine your financial and investment goals
Understand your cash flow accumulation and/or distribution needs
Understand your tax situation and the tax considerations of your investments
Determine your required rate of return
Risk Tolerance Assessment
Design your asset allocation strategy
Fee Structure:
Our investment management fees are NOT based on a percentage of your investment assets. All of our clients pay us the same low-cost and transparent fixed flat fee for our services regardless of the size of your investment portfolio.
Our annual fixed flat fee is $2,500. The fee is paid quarterly in the amount of $625/quarter.
Location:
Phone: (800) 801-6855
101 W. Big Beaver, Rd., Suite 1400, Troy, Michigan
(We are able to serve clients across all 50 states by leveraging technology to connect with our clients and prospective clients.)
We believe that the investment advice and guidance that most physicians receive is typically not in their best interests and is often plagued with high cost investment products that don’t match their financial and investment goals. At Firstmetric we are the complete opposite. We are a fiduciary, which means we act in your best interests with our time-tested and disciplined investment philosophy using index funds, low-cost advisor fees and personalized investment strategies and advice tailored to fit your personal situation. If you’re not happy, we’re are not happy. If, for any reason, you’re not completely satisfied with your relationship with Firstmetric, we will work with you to make things right and get you back to 100% happiness, up to, and including waiving your management fees for the next 90 days. Click here to let us prepare an investment plan for you at no cost or obligation.
Eaglestrong Financial
Eaglestrong Financial Advisor Application
Services:
Financial Planning
Investment Management
Student Loan Analysis
Education Planning
P2 Planning (Practice + Personal): A program for dentist and physician practice owners
Fees:
Under $250,000 in assets under management:
$200 – $500 per month based on complexity + initial setup fee
$250,000+ in assets under management (blended fee structure):
1% $0 – $2,000,000
0.50% $2,000,001 – $4,000,000
0.25% $4,000,001 and above
Location:
Office in Memphis, TN but serving clients virtually across the country.
Tripp Yates, CPA/PFS, CFP® is the founder of Eaglestrong Financial. With over 10 years of experience in financial planning and investment management, Tripp wants to help you organize your finances, reduce taxes, and invest wisely. Eaglestrong Financial is a fee-only fiduciary financial planning firm. Our investment philosophy is based on diversification, utilizing low-cost investments and prioritizing tax efficiency. We believe in evidence-based investing (primarily DFA Funds) from years of academic research. We encourage you to utilize the strength of a financial planner so you can focus on your own skills and passions. Let us listen to your dreams and create a path to help you reach them. Schedule a free consultation here.
Physician Family Financial Advisors Inc.
Physician Family Financial Advisors application
Services:
Financial planning for retirement, college, home purchase & student loans
Consulting & advice on taxes, disability & life insurance, home loans & budgeting
Investment guidance & Portfolio management
Fees:
Subscriptions from $165.00 per month
Includes Annual Checkups, unlimited meetings & online portal
Unlimited investment services without asset-based fees
No up front fee. Pay as you go. Cancel anytime.
Location:
Headquartered in Eugene, OR and serving physicians nationwide virtually
Fisher Financial Strategies
Fisher Financial Strategies Application
Services:
Financial Planning (Retirement, Taxes, Education, Cash flow, Investments, Insurance Needs, Debt/Student loans, Charitable gift planning)
Investment Advice
Section 3(21) fiduciary advisory services to retirement plans
Fee Structure:
Hourly rate of $210 for individuals
Discounted rate of $200/hour for affiliates of Boston University Medical Center
Location:
245 First Street – Suite 1800, Cambridge, MA 02142
I also serve clients nationwide virtually.
Fisher Financial Strategies has been providing comprehensive fee-only investment advice and financial planning services to its clients since 2006. Our hourly, fee-only service model makes it possible to tailor our services to a variety of needs, from advice on appropriate 401(k) allocations to the development of an integrated financial plan including family goals and retirement planning. Thomas Fisher, CFP® professional, has been quoted by U.S. News and World Report, the New York Times, BBC, the Wall Street Journal, and the Christian Science Monitor, among other publications.
CMG Financial Consulting
CMG Financial Consulting Application
Services:
Student Loans (Public Service Loan Forgiveness, Income-Driven Plans, Refinancing)
Financial Planning (Organization, Budgeting, Retirement, Tax, Insurance & Estate Planning)
Investment Management
Student Loan Review – $250
Resident/Fellow – $50/month
Financial Planning – $200/month
Early Investors (Up to $500,000 of Assets Under Management) – $350/month
Location:
Scottsdale, AZ and working with clients across the nation.
Clint Gossage CFA, CFP®, CPA, has been married to a Surgical Oncologist for the past 15 years and has experienced first-hand the ups and downs on the journey from undergrad to becoming an attending. After helping friends in medical school, residency and fellowship with their finances, he left a high-paying job, managing the investments at a multi-billion dollar family office, to start CMG Financial Consulting. He has been helping physicians and medical professionals ever since to get out of student loan debt, save money, invest in tax efficient strategies, manage and protect their assets and give them back their most scarce resource…time.
Switch Point Financial Planning
Switch Point Financial Advisor Application
Services:
Ongoing Holistic Wealth Management (financial planning and investment management)
One-time planning sessions
Fee structure:
Wealth Management – $2,400 to $9,600/yr, depending on complexity
One-time planning – $150/hr, fee quoted in advance of project
Location:
Lehi, UT. Focused on clients along the Wasatch Front, but can work remotely if it’s a good fit.
Switchpoint Financial Planning, LLC was designed to be different than traditional advisory firms. By charging a flat fee, rather than commissions or AUM fees, founder James Sweeney CFA, CFP®, sits on the same side of the table as his clients and can focus on what really matters – like maintaining investment discipline, minimizing fees and taxes, and maximizing cash flow. Switchpoint provides both financial planning and investment advice in a holistic manner to motivated professionals who have achieved or who seek financial independence.
Enlight Financial
Enlight Financial Application-for-Financial-Advisory-Listing
Services:
Investment Management
Financial Planning (Tax, Investments, Insurance, Estate, Education, Business, Student Loan, Cash Flow, Budget, and Retirement Planning)
Fee structure:
FINANCIAL PLANNING ONLY
$2500 per year, negotiable for Residents depending on complexity
$1000 for Students
INVESTMENT MANAGEMENT ONLY
1% from 0 to $500k
0.75% from $500k to $1 mil
0.5% from $1 mil upwards
INVESTMENT MANAGEMENT AND FINANCIAL PLANNING
Same as Investment Management, but with a $2500 minimum for accounts below $250k
Location:
Matawan, NJ (She has clients across the country and uses technology to connect as needed.)
201-892-6094 | [email protected]
Preeti Shah CPA, CFP® (Enlight Financial LLC), operates as a sole proprietorship, with only a limited number of clients added each year. All clients have her personal cell number and can call 24/7 in case of emergencies. Clients can also connect as often as needed, and the planning process encompasses everything from investments, insurance, estate, tax, and education planning, to creating business plans, applying for loans — even tracking credit card points. Besides personalized and comprehensive service, Preeti also emphasizes educational and transparent financial planning where she teaches clients what she does so they can participate in the planning process.
Physicians Capital Management
Financial Coaching
Money Management
Financial Planning
$400.00 per hour
Virginia but will work with people in all 50 states.
Physicians Capital Management, LLC, is run by a nephrologist and successful individual investor turned adviser, Randy Gertner, MD. Dr. Gertner charges an hourly consult fee of $400 per hour to set up a portfolio of index funds for your investments. The initial consultation call is billed at $400 per hour as well. He is a passionate Boglehead, espousing the all important principles of extreme low cost, extreme diversification, tax efficiency, and low turnover. Comprehensive advice concerning all aspects of your financial life are approached in an evidenced-based manner. Dr. Gertner can be reached at 540-604-6301 or by email at [email protected].
Integrity Wealth Solutions
Integrity Wealth Solutions Financial Advisor Application
Services:
Financial Planning
Investment Management
Insurance Analysis
Integrated Tax Planning
Defined Contribution and Defined Benefit Plans
College Education Funding
Integrity Wealth Solutions charges investment clients a flat quarterly fee in advance as detailed below:
Assets Managed Annualized Fee Quarterly Fee
$500,001-1,000,000 $5,000 $1,250
$1,000,001-5,000,000 $7,500 $1,875
$3,000,001-6,000,000 $10,000 $2,500
$6,000,001-10,000,000 $15,000 $3,750
$10,000,001-15,000,000 $25,000 $6,250
$15,000,001-25,000,000 $40,000 $10,000
$25,000,001 and above Negotiable Negotiable
Project Specific Planning:
One-time financial plan fee of $1,000 – $5,000 depending on complexity.
Available In-Person: Greater Denver Area.
Available Virtually: Anywhere in the United States.
Integrity Wealth Solutions is a tiered flat-fee financial planning and investment management firm focused on helping individuals and small business owners in a transparent and equitable manner. We adhere to low-cost, tax-efficient portfolios based on the client’s comprehensive financial planning goals. We have helped numerous physicians in all stages of life and developed a Post-Residency Financial Action Plan that helps physicians get started on the right foot.Post-Residency Financial Action Plan:
- Comprehensive review of personal debt and develop a debt payoff plan.
- Develop investment policy and plan for retirement savings, which could include an analysis of cash balance plans and back-door Roth IRA, if appropriate.
- Analyze life and disability insurance needs and if needed, recommend the appropriate coverage.
Fox & Company Wealth Management
Fox and Co Wealth Mgmt Financial Advisor Application
Services:
Financial Planning
Investment Management
CPA services
Flat-Fee planning fees:
Financial Checkup – $3,000
Basic $1,250/quarter + initial setup fee
Premium $2,500/quarter + initial setup fee
Concierge $3,750/quarter + initial setup fee
Location:
Offices in Mayfield and Paducah, KY | 90% of physician clients are virtual
Johanna Fox Turner, CPA, CFP®, RLP® Johanna is the founder of Fox & Co. CPAs and Fox & Co. Wealth Management. Both firms use a flat fee structure for year-round planning, investment management, and tax services for physicians and dentists. 90% of our business is virtual and you can be 100% certain you’re working with a fiduciary. Johanna has 36 years of experience advising business and HNW clients on wealth protection and holistic financial planning, including tax strategies, estate planning, business operations and succession planning. For experienced, coordinated advice under one roof, schedule a free consultation with FWM’s team here.
Personal Choice Financial Advisors
Personal Choice Financial Advisors Application
Services:
Comprehensive Financial Planning:
Student Loans
Insurance Analysis
Budget & Cashflow
Tax Planning
Financial Independence
Corporate Benefits
Retirement
Investment Management:
Utilizing low cost ETFs and Dimensional Funds.
Fees:
Financial Planning:
Comprehensive financial planning subscription starting at $2,500 per year paid monthly.
Investment Management:
1% from $0 to $1M
Comprehensive Wealth Management:
Includes both Financial Planning and Investment management for those clients with $1M or more in investable assets.
1% for the first $1M
0.5% from $1M to $3M
0.25% $3M and above.
Location:
Located in Cincinnati, Ohio. We serve clients all over the United States including both practicing and retired doctors. We also serve U.S. citizens who live internationally.
Chris Hansen, CFP® — My philosophy is that everybody needs good financial advice, no matter what your level of income or wealth. That is why 26 years ago I became a Fee Only, Certified Financial Planner™. My intention is to make all the advice I have, available to you on FinancialRounds.com. Why? My son is currently a neurology resident, and is saddled with student loans and numerous overwhelming financial decisions. To help him and his fellow graduates, I created FinancialRounds to address the issues residents will face right out of medical school and all the way through residency. Reach us at (513) 588-8080 or by email at [email protected]
Eagle West Group
Service:
My practice focuses specifically on helping Kaiser Permanente Physicians, and their families navigate Kaiser Permanente’s complex benefits packages to help grow their wealth and maintain their lifestyle over the long term.
Fee Structure:
Kaiser Permanente clients receive Comprehensive Financial Planning (retirement planning, estate planning guidance, investment advice, etc.) for one-set fee of 0.5%-0.75%, depending on how assets are held annually. Fees are assessed on Assets Under Advisement. We also offer an annual retainer to SCPMG associates for a flat fee of $750 per year.
Location:
While our offices are in Culver City, CA, to save my clients valuable time, I meet with nearly every client at their office, medical center, or in the comfort of their own home. I am available to work with Kaiser Permanente Physicians in any region, nationwide.
Culver City Office:
400 Corporate Pointe Suite 300
Culver City, CA 90230
(right off the 405)
Eric Imley, CFP® – I am a Certified Financial Planner (CFP) and the spouse of a Kaiser Permanente physician, I’ve spent countless hours researching the numerous layers of Kaiser financial programs including the Common Plan, Keogh Plan and various aspects of life insurance as well. While I am a partner at Eagle West Group in Southern California, my practice focuses on helping KP physicians build and preserve their wealth over the long term. Contact me via email at [email protected] or phone at (310) 292-5902
Wealth Management
Located in Florida, Washington DC, and New York City. We work with families nationwide.
Dr. Steve Podnos understands the needs of physicians, as he practiced full time pulmonary/critical care medicine for over twenty five years and continues to practice as a member of the US Air Force Reserve. His firm, Wealth Care LLC, has locations in Florida, Washington DC, and New York, but works with physicians nationwide. We work with our clients on a long-term basis providing highly personalized fiduciary fee-only financial planning and investment management.
TrueNorth Wealth
TrueNorth Wealth Financial Advisor Application
Services:
Wealth Management
Retirement Planning
Income Tax Planning
Estate Planning
College Savings Plan
Fees:
Assets and Annual Fees:
$0-$250,000.99: .78 of 1%
$250,001-$2,000,000: .72 of 1%
$2,000,000.01-$4,000,000: .58 of 1%
$4,000,000.01-$5,000,000: .48 of 1%
$5,000,000.01-$10,000,000: .43 of 1%
Thereafter: .33 of 1%
Location:
We have two TrueNorth Wealth offices in Utah, located in Salt Lake City and Logan. We also have an office in Boise, Idaho, doing business as Idaho Medical Association Financial Services but we work with clients across the country.
At TrueNorth Wealth, integrity and our commitment to our clients come first. We stay true to our clients’ direction and wealth—not ours. We pride ourselves in being a fee-only firm and a fiduciary on every relationship.We advise on our clients’ entire financial picture – true comprehensive planning. By coordinating investment, retirement, estate, tax, insurance, and small business planning, we ensure every financial aspect of your life works in synchrony to your best interest. Regular reviews of financial plans allow us to foresee potential problems, give advice based on the current economic climate, and plan for any major life changes.
The Planning Center
Services:
Financial Life Planning
Comprehensive Financial Planning
Investment Management
Fees:
| Net Worth | ||
| $0 – $2,500,000 | 0.50% | |
| $2,500,000 – $10,000,000 | 0.25% | |
| $10,000,000 and over | 0.10% | |
| Income | ||
| $0 – $500,000 | 1.25% | |
| $500,000 – $1,500,000 | 0.75% | |
| $1,500,000 and over | 0.50% | |
*includes tax preparation in most circumstances.
Location:
New Orleans, LA; Chicago, IL; Minneapolis, MN; Quad Cities, IA/IL; Tulsa, OK; Fresno, CA; Anchorage, AK
H. Jude Boudreaux, CFP® and the 13 CFPs at The Planning Center believe in helping clients balance their life through the financial planning process. We try to find the balance of wealth and life, so you can build for your future while living a life you enjoy now. Our pricing structure allows the firm to work with residents and physicians with a focus on financial life planning, cash flow, debt management (including PSLF planning) and a constant focus on helping clients build their lives and not just their portfolios. Jude’s daughter was diagnosed with Leukemia (Pre-B ALL) before her 2nd birthday and that experience has influenced their love of working with those in the medical community. (She is now nearly 4 years off treatment and doing great). Jude is based in New Orleans but also has the ability to work with clients around the country on virtual basis utilizing a flat annual fee based on income and net worth, payable monthly for cash flow flexibility.
Physician Wealth Services
Physician Wealth Services Application
Services:
Student Loan Analysis
Comprehensive Financial Life Planning
Investment Management
Financial Checkup (Second Opinion)
Fees:
Comprehensive Financial Planning –
Location:
San Diego, CA but we work with physicians throughout the country. 100% of clients are virtual.
When my wife was in residency, I witnessed how vulnerable she was to poor financial advice. I was shocked at how many advisors tried to take advantage of her and her peers. It’s the reason I started my fee-only practice, Physician Wealth Services, to work exclusively with physicians who could truly benefit from unbiased, quality financial advice. I help physicians create a life they love using the resources they have. To help them feel in control of their money, the same way that you make a patient feel better about their health. Also, I host the Financial Residency podcast, a free resource to help increase your financial literacy. Come join the community! Here is the podcast interview I did with WCI in September 2018.
Navigo Wealth Management
Navigo Wealth Management Application
Services:
Financial/ Retirement Planning
Portfolio/Investment Management
Investment Performance Analysis
Wealth Transfer
Wealth Protection
Charitable Giving
Fees:
Consult Fee: One time financial planning fee or financial checkup of $1,500 ($1,000 for medical students/residents/fellows, this fee is waived for clients).
<$100,000: $1,000/yr
>$100,000: $1,000 to $10,000/yr
>$1 million: negotiable for physician clients
Location:
Texas and Alabama
We work virtually with clients across the country.
Navigo Wealth Management provide comprehensive investment advisory services for physicians and high net worth individuals. Founded in Sugarland, Texas they have almost 50 years of combined industry experience. Utilizing low-cost funds, their portfolio management style consists of appropriately allocating, diversifying and rebalancing assets with a discipline that helps reduce portfolio drawdowns to protect during economic unrest. They have a practicing physician, Chase Cawyer M.D. M.B.A., who currently advises all physician clients, believing that investing properly starts with a comprehensive personal financial plan. You can contact them here.
Panoramic Financial Advice
Panoramic Financial Advice is a forward-thinking virtual advisory firm specializing in the needs of physicians, with a focus on Generation X and Generation Y, with expertise in student loans, investments, retirement planning, employee benefits, and tax mitigation. Panoramic is able to provide clients with comprehensive financial planning via a secure, state-of-the-art online portal. Clients pay up front for a comprehensive financial plan, ranging from $499 to $1,999, and can retain the firm’s services to carry out and monitor the plan, with monthly retainer fees starting at just $69 per month. No asset minimums. Free Initial consultation. Can meet virtually with all clients, and in person with California residents only. Please contact Founder Andrew McFadden at [email protected].
Aptus Financial
Services:
Full financial planning
Investment advisory services.
Fees:
$200 per hour with a 1-time estimated complete financial planning process estimated at $4000.
Location:
2706 N Grant St., Little Rock, AR 72207
Aptus Financial is run by Sarah Catherine Gutierrez, CFP, and Tim Quillin, CFA, out of Little Rock, AR, but will work with you anywhere. Aptus is one of the lowest cost advisors available, currently charging an hourly rate of just $200, and I have had nothing but good feedback about them from readers. Sarah Catherine is relatively young in her career (and so isn’t going anywhere anytime soon), but has already designed hundreds of financial plans for residents and attendings alike. Tim recently joined Aptus after 20 years as an investment analyst and brings greater investment expertise to the firm. Aside from developing a full financial plan for each client, Aptus pursues student loan management solutions, including student loan “investing” strategies, refinancing alternatives and income-based repayment and public student loan forgiveness options. Aptus also has a focus on cash flow management to help clients maximize savings and debt payoff early in their careers.
Metanoia Financial
Personal CFO Service – this is a combination of Financial Planning and Investment Management. We come alongside our clients in an advisory/consultative role to help them define their goals and then create a personalized plan designed to meet those goals. We only offer this as an ongoing, comprehensive wealth management service because we believe that gives our clients the highest probability of actually meeting their goals. We believe that the primary determinant of our client’s long-term investment returns (and therefore the success of their plans) is their own behavior. We help our clients manage the way they respond to periods of market euphoria and despair so they can avoid costly mistakes that most investors make.
Based on Assets Under Management (AUM)
Up to $250,000 $2,400
$250,001 to $1,000,000 1.0%
$1,000,001-$3,000,000 0.8%
$3,000,001+ 0.6% Location:
Philadelphia, PA. We work virtually with clients all over the US who are a fit for our services.
Bobby Cremins, CFA®, CFP®, CKA® founded Metanoia Financial to help individuals and families create and implement a plan to reach their financial goals and achieve financial peace. We do this by developing long term relationships with our clients and walking with them throughout their lives to help them make wise decisions. We follow common sense, academic research, and timeless Biblical principles in advising our clients.
WealthKeel
WealthKeel Financial Application
Services:
Comprehensive Financial Planning
Investment Management
Project Specific (Hourly Advice)
Flat Fee Financial Planning:
One-Time Plan Creation Fee: $2,000 – $5,000*
Ongoing Financial Planning: Starting at $250* per month
Check out our WealthKeel One-Pager for an overview of our planning process, service offerings, transparent pricing, and ongoing service calendar.
*We offer discounted pricing for physicians in training (Residents and Fellows)
Location:
Located in Center City Philadelphia, and working with physicians nationwide.
Chad Chubb is a Certified Financial Planner® and fiduciary for physicians and their families across the United States. He has been quoted by Medical Economics, American Medical Association, and CNBC for his work with physicians. He founded WealthKeel LLC to simplify and organize the financial lives of physicians by custom-crafting financial plans centered around their goals and values. The team at WealthKeel crafts simple, actionable financial plans for busy medical professionals who feel overwhelmed by the increasing complexity of the decisions they have to make with their money so they can free up time and energy to focus on their families, their work, and what they love most. Schedule your free Icebreaker Call here; Schedule Online. (Click “Prospective WealthKeel Clients” and then “Icebreaker Call.”)
FPL Capital Management
Services
Investment Management (Risk Evaluation, Investment Policy Statement, Rebalancing, and Performance Reporting)
Wealth Management
ERISA 3(38) and 3(21) Fiduciary Services for Workplace Retirement Plans
Access to Private Debt and Private Equity Funds
Fee Structure
From $1,000 to $5,000 annually (based on the level of service provided)
Location
Metairie, LA (just outside of New Orleans) but we provide services to clients outside of Louisiana. Roughly 80% to 90% of our clients are from outside of Louisiana.
FPL Capital Management is a Fee-Only RIA that offers a unique fee structure, which is based on charging clients a flat annual fee for services provided. Fees range from $1,000 to $5,000 per year. FPL offers a broad range of management options, which includes both model and customized portfolios. Most strategies utilize low-cost funds from Vanguard, Dimensional (DFA), iShares, WisdomTree, and AQR. They have custodial relationships with Schwab, Fidelity, and TD Ameritrade. In addition to asset management, FPL offers an Institutional Platform that provides clients access to private debt and private equity funds. FPL also offers Wealth Management and ERISA Fiduciary services. They specialize in medical practices and their focus is on practices with fewer than 20 employees. They offer this service utilizing the DC Platforms of Vanguard, and DFA. E-mail or call them directly at 800-835-1969 for more details.
Shearwater Capital
Shearwater Capital Financial Advisors Application
Services
Investment Management
Financial Planning
Retirement Planning
Fee Structure
Fee Structure
Shearwater Capital is a fee-only investment advisory firm, which directly aligns our interests with your interests. We have a financial incentive for your account to grow as large as possible and to minimize your transaction costs, tax liabilities, and anything else that might hinder the growth of your account over time.
Account Size / Annual Cost
Less than $100,000: 0.85%
$100,000 – $250,000: 0.75%
$250,000 – $500,000: 0.65%
$500,000 – $1,000,000: 0.55%
$1,000,000 – $2,500,000: 0.45%
$2,500,000 – $5,000,000: 0.35%
$5,000,000 – $10,000,000: 0.25%
More than $10,000,000: 0.15%
The annual costs quoted above apply to the total value of all accounts that you have with Shearwater Capital. This is more favorable for you than a tiered or blended fee structure.
Location
Shearwater Capital is based in St. Louis, Missouri. We work with physicians and their families throughout the United States.
Shearwater Capital was founded in 1999 by two physicians who were MBA classmates and faculty members at Washington University School of Medicine. Our vision is to take the best ideas from the world of academic finance and apply them in a practical manner to personal investing. We emphasize low costs and tax efficiency to maximize value for our physician clients. We begin by listening carefully to understand your financial situation and to design an optimal strategy for growing and protecting your assets tailored to your specific goals and aspirations. Investment portfolios are mainly structured using Dimensional funds. Taxable and tax-deferred accounts are carefully coordinated to ensure tax efficiency and appropriate diversification.
Cornerstone Financial Group
Cornerstone Financial Group Application
Services
Comprehensive financial planning
Fee structure
| Household Size | Maximum Annual Fee |
| First $1,000,000 | 1.00% |
| Next $2,000,000 | 0.90% |
| Next $6,000,000 | 0.50% |
| Above $10,000,000 | 0.40% |
Location:
Cincinnati, OH. We work with clients across the country.
Cornerstone Financial Group has enjoyed seeing physicians transition from medical school to successful careers and on to retirement for over 30 years. Committed to detailed planning for every phase of your career and life, our team can help with things like structuring your debt repayment and protecting your earning potential, giving you ultimate flexibility in the early years of your career.You need an advisor that can be there with you every step of the way. We see too many young physicians that get blanket advice so they are not sure what to do with the significant wealth they are creating. Our passion is helping you think bigger and more strategically about how to leverage your wealth for maximum impact, way beyond just paying your bills or building a strong balance sheet. To schedule a free consultation with Wesley Botto, click here.
Sofi Wealth Management
Services:
SoFi Wealth Management is basically a roboadvisor with a financial planner available by phone.
Fee:
There is no fee through the remainder of 2018 (2019 for WCI readers who go through this affiliate link). The eventual fee for this service is 0.25% of Assets Under Management (AUM) per year, on par with the cheapest roboadvisors out there and far cheaper than a financial advisor. You can invest as little as $100 and there is never a fee on assets under $10K (almost 2 years of IRA contributions).
Location
Sofi is located in California but of course SoFi Wealth Management is available nationwide.
Like most roboadvisors, SoFi Wealth Management collects some information from you, and then invests your money in a broadly diversified collection of low-cost, passively-managed ETFs which it then automatically rebalances (typically monthly but at least quarterly) going forward. So you’re going to end up with a reasonable portfolio that is managed in a reasonable way. Unless you are a diehard do-it-yourselfer, the asset management function is going to be just fine. You can make an appointment online or by phone to talk to the financial planner at your convenience. My review of Sofi Wealth Management can be found here.
Here’s the mandatory disclosure about the affiliate deal.
Here’s their ADV2. Here’s how to read an ADV2.
