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MBA Financial Planning Prescription

Introduction to Financial Planning: It is a journey, not a destination. Construction of a comprehensive financial plan that acknowledges un-predictability, is an essentialrequirement of our integrated physician-centric approach. Once protected from downside risk, the major 

financial concerns of the affluent, as determined by the Lincoln Financial Group, are:

Preserving wealth (70 percent)

Avoiding excessive taxes (59 percent)

Decline in stock market value (53 percent)

Passing wealth to children (46 percent)

Accumulating more wealth (38 percent)

Preserving their business or medical practice (24 percent)

Perhaps that's why more than 63% of all respondents indicated that they were at least somewhat likely toseek professional help, and envisioned a team consisting of a financial advisor, accountant and attorney.Yet, any planning is always heartfelt and challenging because chaos is the constant element of life.Personal circumstances change and the healthcare industrial complex is in constant flux. True financialplanning is a journey of continual process improvement, and not a destiny. Progress toward your personalgoals is the benchmark, not some composite index or annualized rate of return.

Therefore, we try to methodically create your financial planlike a physician would approach a diagnostic dilemma. Wedo this with a model, called the financial plan prescription,that combines both the financial planning process, with thetraditional problem orientated medical record format, usedby physicians.

“We physicians feel most l ikely to seek 

profession al help from a 

team of f inancial 

advisors, accou ntants,

Certi f ied Medical 

Planners© and attorneys.’ 

In order to construct this dynamic plan, your independent Certified Medical Planner© advisor will:

1) Subjectively establish and define your relationship and explain all services, bilateral responsibilities,and estimated relationship length, along with a frank discussion of risk tolerance, decision-making power and fees.

2) Objectively document signs of your present situation by gathering personal financial data, includinggoals and objectives, so that recommendations are based on reality, not perception.

3) Analyze your current objective financial situation to determine what is needed to meet all your personal, financial, business and lifestyle goals.

4) Assess and make recommendations and alternatives that address goals, based on the providedinformation. Recommendations are carefully explained so that you can make informed decisions about:

Assets, liabilities, budgeting and cash flow

Employment contracts or practice entity status

Employment contracts or practice entity status

Mortgages, vacation homes, boats or auto purchases

College funding, disabled or gifted child planning

Alternate Dispute Resolution (ADR) and mediation

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Tax and AMT strategies and pro-active tax planning

Risk management, insurance, disability, and annuities

Stocks, bonds, ETFs, mutual funds, or municipals securities

Portfolio creation for qualified/non-qualified accounts

Behavioral finance, risk tolerance and career re-modeling

Divorce, single, widowed, elderly or alternate lifestyle planning

Retirement planning, IRAs, SEPS, or 401-k and 403-b plans Pensions, profit sharing, money purchase and tandem plans

Practice sales, transfers or business succession planning

Wills, trusts, charitable giving and estate plans

5) Plan and implement recommendations with a time frame and task list that details your progress. Youmay execute the plan yourself, with an iMBA affiliate, your own planner, Certified Medical Planner©, or team with our corporate professionals in complex cases.

6) Monitor and change your financial plan as you sojourn toward goals, and make adjustments ascircumstances dictate. The creation and development of an un-biased plan is the raison d'etre of iMBA.Furthermore, when an asset management program is concurrently used, your affiliate advisor will reviewthe plan along with your quarterly portfolio report, for an integrated view of your entire situation. Such

diagnostic checks reduce the likelihood of fiscal pathology.

*Since we emphasis process over sales, and advice over commissions, financial planners do notgenerally sell financial products. However, when requested and as required, our advisors select from anarray of proprietary and non-proprietary products and negotiate the best price for you. Of course, resultsare never guaranteed.