Who is your typical client?
Why is your practice niche SO specific?
I'm not in anesthesiology/pain - will you work with me?
Are you a fiduciary?
What are your qualifications to provide financial advice?
In addition to my professional experience, I hold the CFP(r) designation, which is the widely-recognized industry standard for excellence in financial planning. I also hold the ChFC designation, which is an additional advanced financial planning designation, and the RICP designation, which pertains to providing guidance for the retirement transition and retirement income strategies. Each of these designations require annual continuing education.
– I’m married to a doctor (physician spouses, I understand your plight!).
– I’ve done over a hundred (and adding more quickly!) student loan analyses.
– I go to many industry conferences for pain and anesthesia (ASRA, ASIPP, ASA, etc.) so I’m up-to-date on challenges faced by physicians operating in those specialties.
– I’ve spent a handful of years with investment manager due diligence as an important part of my job description.
Do you have any partners in providing me advice?
Do I really need to hire an advisor?
Study after study after study after study has shown that it is very difficult for people to avoid the myriad investment and financial pitfalls which await them. From managing behavioral tendencies to accessing technical expertise to understanding appropriate strategies to integrate, there are many benefits to having an advisor. Statistically speaking, you would be better off by hiring (a good) one rather than trying to manage things on your own.
However, only you can decide the answer to this question, as it’s highly personal. If you’re a DIYer (and they DO exist) I’m glad to help you evaluate if that’s the case. I’m only interested in clients who will be a good fit for my practice, so I’ll gladly help you think through what means of handling your finances might be most appropriate for your situation.
But… can’t I just google the answers to my questions?
Who is not a good fit as a client?
- Market timing investment strategies
- Stock picking or “hot stock tips”
- Hedge funds
- A quick and easy way to get rich