I estimate that 80% of doctors need, want, and should use a financial planner and/or an investment manager. Some investment gurus such as William Bernstein, MD, think my estimate is way too low. At any rate, if you want to use an advisor temporarily or for your entire life, there is no reason to feel guilty about it,–just make sure you are getting good advice at a fair price. On this page I list vetted, recommended firms that I think offer good advice at a fair price. See the bottom of the page for more details on the vetting.
#1 Wrenne Financial Planning
At Wrenne Financial Planning, our passion is helping physicians use money to live better lives. I’m sure everybody wants that. But how do you get there? Financial planning is the key. And we’re here to help you work through the process. Through conducting thousands of meetings with physicians all across the country, we’ve gotten pretty good at it. All of you are 100% capable of doing this yourself. But you don’t have to. We’re here to help you gain knowledge, save time and ultimately focus on what’s really most important. Our pricing is transparent and services are flexible and cater to DIY types, outsourcers and everything in between. Feel free to schedule a free 30 minute consult here.
Also make sure to check out the Finance for Physicians podcast hosted by WFP founder Daniel Wrenne.
- Services: Financial planning, investment management, student loan management
- Fee Structure: Flat-fee
- Location: Lexington, KY
- Additional Information, Wrenne Financial Application, ADV2
- Website, [email protected] , (859) 538-6044
Latest WCI Podcast Appearance:
#2 CMG Financial Consulting
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.
- Services: Financial planning, investment management, student loan management
- Fee Structure: Flat-fee, tiered AUM-based flat-fee
- Location: Scottsdale, AZ
- Additional Information, CMG Financial Consulting Application, ADV2
- Website, [email protected], (877) 695-8004
Latest WCI Podcast Appearance:
#3 TrueNorth Wealth/Idaho Medical Association Financial Services
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.
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.
- Services: Financial planning, Investment management, estate planning, tax strategizing
- Fee Structure: AUM fee
- Location: Logan, UT, Salt Lake City, UT, and Boise, ID
- Additional Information, TrueNorth Wealth Financial Advisor Application, ADV2
- Website, [email protected], (801) 316-8175
Latest WCI Podcast Appearance:
#4 Physician Family Financial Advisors Inc.
Are you a physician mom or dad? Do you want to do the right thing for your family but you don't want to become an overnight do-it-yourself financial expert?
Join the 165+ medical doctors who rely on Physician Family to actually DO the stuff White Coat only talks about. Our multispecialty team of five financial security experts is led by W. Ben Utley, a Certified Financial Planner™ whose 25+ years of service to physician families has been recognized by The New York Times, Physician's Practice and even The White Coat Investor.
In about 90 days, you can get on track and –with us by your side–never worry about money again. We are fiduciaries who charge a level monthly membership fee so you'll know our #1 priority is you.
If you're an attending who likes medicine and loves children, please visit physicianfamily.com to learn more.
- Services: Financial planning, investment management, student loan management, estate planning, tax strategizing
- Fee Structure: Flat-fee
- Location: Eugene, OR
- Additional Information, Physician Family WCI Application, ADV2
- Website, [email protected], (541) 463-0899
#5 Panoramic Financial Advice
Panoramic Financial Advice is a virtual, fee-only financial planning firm specializing in younger physicians and physician families. Panoramic offers an end-to-end financial services package, and provides a trustworthy, experienced approach to reaching your and your family’s goals. Founder Andrew McFadden, CFP®, MBA, has been serving young physician families for over eight years, and is sought out by residency programs to speak and educate young physicians. His well-developed planning method helps young physicians achieve that coveted balance of preparing well for the future, while being able to enjoy the present. To schedule an introductory call, please click here or email the Director of Client Services, Crista Newman, directly at [email protected].
- Services: Financial planning, investment management, tax strategizing
- Fee Structure: Flat-fee
- Location: Fresno, CA
- Additional Information, Panoramic Financial Advice Application, ADV2
- Website, [email protected], (559) 906-0723
Latest WCI Podcast Appearance:
#6 Aptus Financial
At Aptus, we have witnessed the incredible shift to Do-It-Yourself financial planning and investing by the physician community and have built a service to support people on varying points of the DIY continuum. We believe most people can DIY their finances, which not only mitigates fees but also instills a greater sense of control and leads to better decisions and outcomes. Aptus starts with a comprehensive, guided planning process for most clients or a more limited review for experienced, confident DIYers who want to validate their current plan. Aptus has designed hundreds of financial plans for physicians and is well-versed in their unique planning needs, including student loan repayment strategies, cash flow prioritization, and risk management. Once a solid plan is in place, we teach our clients to invest on their own or offer the option to invest for them until they feel ready to take it on themselves. Either way, Aptus provides ongoing support and guidance. Aptus’s pricing is designed to eliminate conflicts of interest and foster transparent, objective advice from planners who are highly educated, experienced and credentialed. For clients who would like to learn more about Aptus, we conduct free introductory calls.
- Services: Financial planning, investment management, student loan management
- Fee Structure: Flat-fee, AUM fee
- Location: Little Rock, AR
- Additional Information, Aptus Financial Application, ADV2
- Website, [email protected], (501) 907-1993
Latest WCI Podcast Appearance:
#7 Fox & Company Wealth Management
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.
- Services: Financial planning, investment management, tax strategizing, tax preparation
- Fee Structure: Flat-fee
- Location: Mayfield and Paducah, KY
- Additional Information, Fox and Co Wealth Mgmt Financial Advisor Application, ADV2
- Website, [email protected], (270) 247-0555
Latest WCI Podcast Appearance:
#8 Integrity Wealth Solutions
Integrity Wealth Solutions (IWS) is a tiered flat-fee asset management and financial planning firm focused on helping physicians, dentists, 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 client’s in all stages of life and are a great solution for those that don’t want to do it themselves or pay the high cost of hiring a traditional financial advisor. Our wealth management fees range between $1,250 to $3,750 a quarter, which includes both investment management and financial planning. We are excited to see how we can help you! Please contact Justina Welch or Clint Thomas for a complementary consultation.
- Services: Financial planning, investment management
- Fee Structure: Flat-fee, AUM fee
- Location: Denver, CO
- Additional Information, Integrity Wealth Solutions Financial Advisor Application, ADV2
- Website, [email protected], (303) 716-5777
Latest WCI Podcast Appearance:
#9 WealthKeel LLC
Wealthkeel’s specialty is financial planning and investment management for you, Gen X & Gen Y physicians and your family. Together, we will navigate the complexity of everyday life by crafting a streamlined financial plan that is agile for your evolving needs. We will help you utilize your wealth to free up time and energy to focus on your family, your practice, and what you love most.
Chad Chubb is a Certified Financial Planner (CFP®) and Certified Student Loan Professional (CSLP®). 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 across the United States by custom-crafting financial plans centered around their goals and values. WealthKeel is recognized by The White Coat Investor as one of a few select firms labeled as “a good financial advisor at a fair price,” for their flat-fee subscription model and also their capped fee structure.
- Services: Financial planning, investment management, student loan management
- Fee Structure: Flat-fee
- Location: Philadelphia, PA
- Additional Information, WealthKeel LLC Financial Advisor Application, ADV2
- Website, [email protected], (267) 590-9533
Latest WCI Podcast Appearance:
#10 Physician Wealth Services
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.
- Services: Financial planning, investment management, student loan management
- Fee Structure: Tiered AUM-based flat-fee
- Location: San Diego, CA
- Additional Information, Physician Wealth Services Application, ADV2
- Website, [email protected], (619) 304-0777
Latest WCI Podcast Appearance:
Olson Consulting
- Services: Financial planning, student loan management
- Fee Structure: Flat-fee
- Location: St. Joseph, MI
- Additional Information, Olson Consulting Application, ADV2
- Website, [email protected], (269) 876-0824
The Planning Center
- Services: Financial planning, investment management
- Fee Structure: AUM fee + income-based fee
- Locations: New Orleans, LA; Chicago, IL; Minneapolis, MN; Quad Cities, IA/IL; Tulsa, OK; Fresno, CA; Anchorage, AK
- Additional Information, Application, ADV2
- Website, [email protected], (504) 717-4862
Targeted Wealth Solutions
- Services: Financial planning, investment management, workplace retirement plans
- Fee Structure: Hourly, AUM fee
- Location: Boulder, CO, Denver, CO, and Colorado Springs, CO
- Additional Information, Targeted Wealth Solutions Application , ADV2
- Website, [email protected], (303) 800-8179
Plumtree Financial Planning
- Services: Financial planning, investment management
- Fee Structure: Hourly, Flat-fee
- Location: Malvern, PA
- Additional Information, PlumTree Financial Planning Application , ADV2
- Website, [email protected], (484) 875-3072
APM Wealth
- Services: Financial planning, investment management, student loan management, contract reviews (anesthesiologists/pain doctors only)
- Fee Structure: Flat-fee, Tiered AUM-based flat-fee
- Location: Philadelphia, PA
- Additional Information, APM Wealth Application, ADV2
- Website, [email protected], (412) 576-7511
SwitchPoint Financial Planning
- Services: Financial planning, investment management (ongoing relationships only, no one-time plans)
- Fee Structure: Flat-fee
- Location: Lehi, UT
- Additional Information, SwitchPoint Financial Application, ADV2
- Website, [email protected], (801) 753-8538
Caligiuri Financial
- Services: Financial planning, investment management
- Fee Structure: Flat-fee, AUM fee
- Location: New Albany, OH
- Additional Information, Caligiuri Financial Application, ADV2
- Website, [email protected], (614) 407-4746
Enlight Financial
- Services: Financial planning, investment management
- Fee Structure: Flat-fee, AUM fee
- Location: Matawan, NJ
- Additional Information, Enlight Financial Application, ADV2
- Website, [email protected], (201) 892-6094
Botto Financial Planning & Advisory
- Services: Financial planning, investment management, estate planning, insurance
- Fee Structure: Flat-fee, AUM fee, commissions
- Location: Cincinnati, OH
- Additional Information, Botto Financial Application , ADV2
- Website, [email protected], (513) 924-3350
Wealth Care LLC
- Services: Financial planning, investment management
- Fee Structure: AUM fee
- Location: FL, Austin, TX, Washington DC
- Additional Information, Wealth Care Financial Advisor Application, ADV2
- Website, [email protected], (321) 543-1099
Navigo Wealth Management
- Services: Financial planning, investment management
- Fee Structure: Flat-fee, tiered AUM-based flat-fee
- Location: Texas and Alabama
- Additional Information, Navigo Wealth Management Application, ADV2
- Website, [email protected], (281) 201-3688
Old Peak Finance
- Services: Financial planning, investment management
- Fee Structure: Tiered AUM-Based flat-fee, AUM fee
- Location: Chapel Hill, NC & Traverse City, MI.
- Additional Information, Old Peak Finance Application, ADV2
- Website, [email protected], (919) 459-8181
Eagle West Group/Protection Point Advisors
- Services: Financial planning, investment management (Kaiser Permanente Physicians only)
- Fee Structure: Flat-fee, AUM fee
- Location: Culver City, CA
- Additional Information, Eagle West Group Application, ADV2
- Website, [email protected]
com, (310) 292-5902
Three Oaks Capital Management
- Services: Financial planning, investment management
- Fee Structure: Flat-fee, AUM fee, AUM fee + income-based fee
- Location: Sacramento, CA and Portland, OR
- Additional Information, Three Oaks Capital Management Application, ADV2
- Website, [email protected], (916) 318-4849
FPL Capital Management
- Services: Investment management
- Fee Structure: Flat-fee
- Location: Metairie, LA
- Additional Information, FPL Capital Management Application, ADV2
- Website, [email protected], (800) 835-1969
Personal Choice Financial Advisors
- Services: Financial planning, investment management, student loan management
- Fee Structure: Flat-fee, AUM fee
- Location: Cincinnati, OH
- Additional Information, Personal Choice Financial Advisors Application, ADV2
- Website, [email protected], (513) 588-8080
Forward Thinking Wealth Management
- Services: Financial planning, investment management (GenX only)
- Fee Structure: Flat-fee
- Location: Akron, OH
- Additional Information, Forward Thinking Wealth Management Application, ADV2
- Website, [email protected], (330) 835-6205
Samalin Investment Counsel
- Services: Financial planning, investment management, student loan management
- Fee Structure: Tiered AUM-based flat-fee
- Location: Westchester, Manhattan, Long Island, NY
- Additional Information, Samalin Investment Counsel Application , ADV2
- Website, [email protected], (914) 666-6600
Pulse Financial Planning, LLC
- Services: Financial planning, investment management
- Fee Structure: Flat-fee, AUM Fee
- Location: Rochester, MN
- Additional Information, Pulse Financial Planning Application, ADV2
- Website, [email protected], (507) 218-7707
Fisher Financial Strategies
- Services: Financial planning
- Fee Structure: Hourly fee
- Location: Cambridge, MA
- Additional Information, Fisher Financial Strategies Application, ADV2
- Website, [email protected], (866) 312-5605
Foster Group
- Services: Financial planning, investment management
- Fee Structure: Flat-fee, AUM fee
- Location: Des Moines, IA and Omaha, NE
- Additional Information, Foster-Group-Financial-Advisor-Application, ADV2
- Website, [email protected], (800) 798-1012
Solari Financial
- Services: Financial planning, investment management
- Fee Structure: Flat-fee
- Location: Boston, MA and Bedford, NH
- Additional Information, Solari Financial Application, ADV2
- Website, [email protected], (603) 471-3088
Your Richest Life
- Services: Financial planning, student loan management
- Fee Structure: Flat-fee, Hourly fee, AUM fee
- Location: Dallas-Fort Worth, TX
- Additional Information, Your Richest Life Application, ADV2
- Website, [email protected], (469) 708-7975
CarsonAllaria Wealth Management
- Services: Financial planning, investment management, insurance
- Fee Structure: Flat-fee, AUM fee, commissions
- Location: Glen Carbon, IL
- Additional Information, CarsonAllaria Financial Application, ADV2
- Website, [email protected], (618) 288-9505
RFK Capital Management
- Services: Financial Planning
- Fee Structure: Flat-fee, hourly
- Location: Salt Lake City, Utah
- Additional Information, RFK Capital Management Application, ADV2
- Website, [email protected] , (801) 372-1446
Mayport Wealth Management
- Services: Financial planning, investment management
- Fee Structure: Flat-fee
- Location: Boston, MA
- Additional Information, Mayport Wealth Management Application, ADV2
- Website, [email protected], (617) 545-5700
The Vetting Process
The advisors/firms on this page are all paid advertisers, however, I did not list them (nor accept money from them) until they passed my vetting process. 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. The vetting process continues after the advisor is listed here as white coat investors who use their services let me know about their positive and negative experiences. Why do I charge a fee to be listed here? Two reasons:
- The vetting process takes time and energy and only about 1/3-1/4 that I go through the trouble to vet actually ends up listed here and
- 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.
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. (I routinely turn down most of the advisors that apply to advertise on this page.)
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.
How to Choose A Financial Advisor 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. The first ten firms have purchased premium listings, that is why they are listed at the top of the page and their listings have more bells and whistles. That doesn't necessarily mean that I endorse them over other firms on the list. All of the firms have passed my vetting process. 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 descriptions of each firm 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 this page.
Advisors- Would you like to be included on this list?
Completely fill out the application below and send it to [email protected] (CC me at [email protected] to speed things up if you like.) Expect the application to be available to readers if you are approved and purchase a listing. We'll get back to you in a few days with an approval decision and pricing.
Application for Financial Advisory Listing