Financial Advisors for Physicians
The list below of recommended financial advisors for physicians will never be very long on this site, because this list includes the least conflicted group of financial advisors I can recommend. They all meet the gold-standard of financial advising.
Note, I love hearing about good experiences from readers with these recommended financial advisors. If you have had a bad experience, let me know. Multiple complaints will result in removal from this list.
Many of you know that I believe people break up into one of three categories:
- The Do-It-Yourself personal finance crowd. My hope is that everyone would become a part of this group. However, that’s just not how it works.
- Next, we have the “Dot the i’s and cross the t’s” group. Some simply want a professional advisor to look things over.
- Finally, there is the “outsourcing group.” Others want nothing to do with managing their own finances, and would like to outsource their finances just like they do in other areas of their life (childcare, lawn care, etc).
Because I want this website to be helpful for people from all three groups, I have put together a list of recommended financial advisors.
In the end, the problem is that knowing good advisors from the rest can be a huge challenge – even for those of us that know a decent amount about the industry.
So, this list of recommended financial advisors for physicians is here to help you out!
Recommended Financial Advisors for Physicians
The advisors that have made this list have filled out an application (TPP Financial Advisor Application) and they have been vetted through this process.
All of the advisors below have to pay to get on this list. A payment is required for two reasons.
1) To make them go through the application/vetting process. This implies that some will submit payments to apply, and not be accepted.
2) This is a for-profit website with a charitable mission
Physician Wealth Services was created to help physicians and their families, like Ryan’s, take control of their finances and position themselves for a bright financial future. His wife, Taylor, is a Pediatric Pulmonologist, and his goal is to provide trustworthy, unbiased financial advice to dedicated, hardworking people like her. He started his fee-only practice to help physicians sleep well at night knowing they have a trusted advisor who is guiding them toward financial independence.
The Financial Residency Podcast is a bi-weekly (Monday/Friday) show producing content for residents and attendings who are early in their medical career. This podcast exists to provide free education to those who are willing to become accountable for their financial decisions and ultimately live a life with less stress about money.
Aptus Financial, founded by Sarah Catherine Gutierrez CFP, is a flat, fee-only financial planning firm. They offer a variety of services from comprehensive financial planning to hourly advice depending on your needs. Whether you a Do-It-Yourself investor or someone who wants consistent dedicated help, they can help you get on the right financial path.
My favorite part? They are believers in teaching you how to fish instead of fishing for you, or better said “You can do it yourself, but you don’t have to do it alone!”
P.S. I trust Sarah Catherine so much that she is a lecturer at FLARE, the personal finance curriculum I teach at Wake Forest each year to my 4th-year medical students.
Integrity Wealth Solutions approaches wealth management and financial planning differently. We’ve created a unique, tiered flat fee, asset management compensation structure designed with our client’s interests and success in mind. Our firm’s investment philosophy is centered on cost and tax efficient portfolio management, aimed to help the client retain more of their investment growth.
A cornerstone in Integrity Wealth Solutions’ financial planning process is the alignment of financial goals with insightful strategies that fit individual circumstances. We develop a holistic, customized, integrated financial plan that can evolve as the client’s needs grow and help clients maintain focus through the inevitable ups and downs of the market.
Integrity Wealth Solutions flat quarterly fee for investment management typically ranges from $1,250 to $2,500, depending on asset under management. This flat fee also includes active comprehensive financial planning on an on-going basis.
Financial Plan Only
For clients not engaging us for investment management, may decide to work with us for a financial plan only. A one-time financial plan fee ranges between $1,000 – $5,000, depending on complexity.
Hi! My name is Donovan Sanchez. I designed Skyview Financial Planning, LLC to serve physicians interested in independent advice for a fair price.
The firm was founded on the belief that advisors should be paid based on their knowledge, time, and skill, rather than their ability to sell a product, or how much money you choose to let them manage.
With this belief in mind, clients receive financial planning and investment management for a single flat fee that doesn’t increase based on assets, income, or net worth.
To be clear, this firm isn’t for everyone. It’s primarily for those looking to offload their financial planning and investment management so that they can focus on things that bring them greater satisfaction and fulfillment in life.
If you’re interested in independent advice for a fair price, or simply want to explore what a partnership looks like, please schedule a free, no-obligation appointment through the link above.