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Physicians Financial Issue
Consultant
‘Setting goals is the first step into turning the invisible into the visible”- Tony Robbins
Financial consultants for physicians need to have edge in profiling unique risks, challenges and cash flow patterns of doctors. They can help financial peace in doctors’ busy lives by creating a sound financial plan with financial planner for physicians. Financial consultant helps
Establishing your financial goals & Needs in a clear priority order
Insulating you from liability claims and other unplanned financial chaos by creating a safety net
Evaluating your current financial position, financial destinations, challenges & opportunities and develop road map to achieve your financial goals.
Creating customized financial plan with financial advisor for doctors. They consider all
critical factors not limited to your cash flow, assets, liabilities, financial goals, risk profile, money philosophy, tax, inherent risks, time frame etc. in the process.
Improving the financial health of your practice by carefully evaluating risk, opportunities and reward.
Monitoring and reviewing your plan periodically to ascertain the progress and helps in making suitable action needed.
Your insurance agent, stock broker or some other financial product agents can’t be your advisor. They are salesmen. They are interested in making money out of your portfolio. Most of them go with suitability recommendation (Mere compliance formality), not looking at whether you need it or not. Something like, yes this physician is younger with progressive income potential and can take moderate to aggressive risk in investments and we can sell him XYZ product. Remember every financial aspects of your life are closely interlinked. You may be comfortable paying home/car/PL EMIs, but lesser money left for investment may seriously jeopardize your future financial needs like child education, marriage, comfortable retirement etc.
Engage a fiduciary advisor (who should be putting your interest first, legally and morally) for creating comprehensive plan. It’s highly recommended to handle advice and execution
separately. There are lots of ways and means to reduce cost of execution.
Wealth Traits Financial Planners, No. 9, Maven Projects Centre, Dr. Thirumoorthy Nagar
3rd Sreet, Nungambakkam, Chennai - 600 034.
+91 90030 55599, +91 94455 18009
[email protected] / www.wealthtraits.com
