Financial peace of mind for physicians’ families
We work with physicians and their families
Our only clients are physicians and their immediate families. This gives us an unparalleled understanding of your financial circumstances and challenges. With a physician in the family, you not only have unique needs, but also special opportunities to plan as a family. That’s why you have access to our services now and in the future, even if the physician in your family leaves MD.
Benefits for the family
There’s a benefit to having your family at MD, including ease of financial planning, wealth and estate transfer and the ability to take advantage of our family pricing offer, where bundling your MD Private Investment Counsel or MD Plus™ accounts (MD Management Limited) with a family member could lower your investment account fees by as much as 13% (MDPIC) and 5.9% (MD Plus™).2
A suite of financial services in one place
At MD, you have access to one-on-one advice and service from a dedicated MD Advisor2, and a team of specialists who look at all aspects of your financial health. We can help you plan for now and the future. We offer:
Financial management
An MD Advisor can help you establish your personal financial goals based on what is most important to you.
Tax planning
Along with your tax professional, MD Advisors can help you determine the best way to generate the most tax-effective forms of income and transfer your wealth in a cost-effective way.
Retirement planning
An MD Advisor can help you set goals for the retirement you want, establish a plan to ensure your retirement goals are achieved in the most tax-effective way, and rerun or reassess retirement projections as needed.
Risk management
- Permanent life insurance: Our Insurance Consultants are committed to finding solutions that will help you build, protect and share your personal and/or corporate assets using various tax-advantaged strategies.
- Lifestyle protection: An MD Advisor can provide you with information and advice about combining insurance and wealth management. MD Advisors work closely with the insurance advisors at your provincial or territorial medical association to deliver solutions tailored to your unique needs.
Estate planning
MD Private Trust Company (MDPT) Estate and Trust Advisors work with you to develop an estate and trust strategy to ensure your loved ones will be looked after in the future.
MDPT offers a full range of estate and trust services to ensure that your assets are distributed in accordance with your wishes, that your estate pays the lowest amount of taxes to protect its value and that assets are transferred to your beneficiaries at the right time, in the most tax-efficient way. MD Private Trust Company also offers trustee and executor services (including agent for executor).
Permanent life insurance is also an important consideration if you are interested in leaving a legacy as tax-efficiently as possible. Beyond their role in managing risk, insurance solutions can enable you to substantially enhance the wealth you ultimately distribute. Our Insurance Consultants work closely with MD Private Trust Company to ensure your estate planning is well coordinated.
Incorporation
We are experienced in dealing with small businesses, from structuring debt, deciding if or when to incorporate, income planning, and planning for families that own a business.
We understand the challenges — and opportunities — of owning a business in Canada, including the differences from province to province and evolving taxation implications. We provide special incorporation training for our Advisors and equip them with financial-planning technology and tools that focus on incorporation decisions. This enables our Advisors to demonstrate how incorporation can affect financial planning at different stages of your life, what the advantages are, and what you need to be aware of.
We can help with:
- integrated personal and corporate financial plans
- passive-income rules
- tax reduction through income planning
- retirement planning
- corporate-owned investments
- corporate-owned insurance
Advisors who care
Our MD Advisors are dedicated to building a relationship with you to deliver advice, financial planning expertise and long-term performance, tailored to your circumstances and aligned with your values.
Planning as a family?
An MD Advisor can work with you to ensure you’re getting the value you deserve as an immediate family member of a physician, including comprehensive solutions, advice you can trust, and a focus on putting the needs of physicians and their families first – always.
1 For a detailed list of those who qualify as a "family member" and are eligible to work with MD Financial Management, please contact an MD Advisor.
2 MD Advisor refers to an MD Management Limited Financial Consultant or Investment Advisor (in Quebec).
3 An "executor" is called a "liquidator" in the province of Quebec and an "estate trustee" in the province of Ontario.
4 Family pricing is offered on MD Private Investment Counsel and MD Plus™ accounts. Based on the difference in account fees for a client with assets of $2,000,001.00 that are not part of a family pricing plan, versus the same account(s) bundled with family members to reach the $3 million family pricing threshold. Using this example, the savings for MDPIC accounts would be 13%; the savings for MD Plus™ accounts would be 5.9%.
* MD Advisor refers to an MD Management Limited Financial Consultant or Investment Advisor (in Quebec), or an MD Private Investment Counsel Portfolio Manager.