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Financial planning for physicians

Your career is unlike most others. You invest more in your education than is common and take on an extraordinary duty when you become a physician. Your financial situation is likely complicated — and that’s why the planning process never stops.

Create a path to the future you want

The goals you set with your MD Advisor* are achieved by sticking to your plan and adjusting as you go to take advantage of new opportunities. Our studies show that physicians who have concrete retirement plans are more likely to feel confident in their ability to retire comfortably.1

How does a great plan stay on track?

A financial plan is a manifesto that emerges as you and your Advisor work together to understand you and your goals. It’s a written statement that reflects your hopes and ambitions. And it changes as needed so that it’s always an up-to-date reflection of your wishes and financial situation. Because MD specializes in physicians, your plan will help you anticipate and prepare for the challenges and opportunities you’ll face from graduation, to residency, into practice, and well into retirement.

Asset management

Asset management

Build a portfolio of assets that combines growth potential with your tolerance for risk. You’ll have access to investments from every asset type and can continually adjust your mix to match your life stage and investment goals.

Financial management

Financial management

Strike a balance between living well today, paying off your debt and saving for the future. We take a look at your income and expenses, work with you to define your short- and long-term goals, then create a plan to achieve them.

Risk management

Risk management

Protect your earnings, your family’s well-being and the legacy you want to leave. Your MD Advisor can help you determine the solutions you need, the right amount of coverage and whether you would benefit from individual solutions or corporately held ones.

Tax planning

Tax planning

Minimize the tax you pay now, through retirement, and when you leave a legacy. Along with your tax professional, we 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

Retirement planning

Create a plan that truly reflects the reality of your career. That means making sure you have built up assets over time for your retirement and drawing an income from your portfolios (combined with other sources of income) so that you can enjoy the retirement lifestyle you want.

Estate planning

Estate planning

Craft a well-documented estate plan through discussion and review with you and your family, so that more of your wealth can be shared with your beneficiaries, with the least amount of stress and the greatest tax efficiency.

Six steps to financial planning

Financial planning is a comprehensive and ongoing process that can help you achieve your goals in life — both personal and financial.


Establish and define the client-advisor relationship

At your first meeting with your MD Advisor, you will learn about the services we provide, what to expect from the financial planning process, how your MD Advisor is paid, as well as any fees and charges. Together you will determine how decisions will be made and how frequently you will meet.


Gather information, discuss goals and objectives

You will be asked to provide personal data and financial information so that your MD Advisor can see where you stand. By examining your cash flow, net worth, insurance and other financial areas, you can discuss your goals, objectives, risk tolerance and time frame.


Analyze your overall financial situation

Using advanced tools and resources, your MD Advisor will analyze your finances to determine whether your goals and objectives are realistic, and if you should consult with specialists such as an MD Estate and Trust Advisor or MD Insurance Consultant.


Discuss the plan with your MD Advisor

Your MD Advisor will develop your personal financial plan and make recommendations. If the plan involves other MD specialists, they will present the parts specific to their expertise. Your MD Advisor will note any concerns you have and revise recommendations when necessary.


Put your plan into action

Once you have agreed to the recommendations, it’s time to put your plan into action. Your MD Advisor will help you prioritize what needs to be done, complete any relevant paperwork, and coordinate meetings with other MD specialists.


Monitor your plan

Financial planning is an ongoing process. At subsequent meetings, you will review your progress with your MD Advisor and identify any changes in your circumstances or objectives that would require changes to your financial plan.

Couple chatting with an MD advisor

We earn your business and your trust every day

Your MD Advisor is committed to the highest standards of ethics and conduct. You can expect recommendations made with your best interest at heart, timely responses to your questions and concerns, and complete transparency about fees and other expenses.