The Benefits of Financial Planning for Doctors
Helping physicians consolidate and coordinate their wealth
Whether you own your own practice or work for a major hospital, being a medical professional in today’s world means that you don’t have much time to take care of your complex financial needs. You work tirelessly for your patients from the moment you begin medical school until the day you take off the white coat for good.
At Avidian Wealth Solutions, we know a thing or two about a life spent in service. We also work tirelessly for our clients, sorting out the complexities of their wealth so that they can focus on their careers, their families, and their futures.
To find out more about the solutions that Avidian can offer medical professionals, schedule a conversation with us today.
Our experienced team of wealth management professionals offers personalized solutions customized to fit your individual goals and circumstances, helping you consolidate your personal and professional finances into a cost-effective plan that evolves with you and your life.
The goal of an investment portfolio is to generate a return that exceeds the risks taken. Our multi-disciplinary team of financial professionals has a deep understanding of investments, markets, and risk management strategies that help protect and grow client wealth over time, working to achieve positive outcomes while managing risk exposure appropriately.
How we help:
Learn more about our investment management strategies.
*For qualified clients only
Billion in client assets under management **AUM based on AWS current FORM ADV
Years of success
Avidian offers comprehensive financial planning for medical professionals looking to optimize their wealth now while preparing for tomorrow. With Avidian as your Austin or Houston financial management partner, you’re not just getting wealth management, you’re getting solutions to wealth’s complex problems, and access to a network of multidisciplinary financial professionals.
With Avidian your investment managers, risk managers, retirement planners, estate planning advisors, and more, can all work together under the same roof. We can coordinate with your attorneys and other trusted advisors to integrate your financial life and give you maximum peace of mind. That’s the Avidian Difference.
By bringing together people with expertise in estate planning, investment analysis, investment specialists, and Certified Financial Planning, we work with you to create a financial plan that aims to help you manage your income, expenses, and investments, helping you make informed decisions for yourself and your family.
If you own your own practice or are part of a group, succession planning can help ensure the continuity of care for your patients and the sustainability of your practice. Together, we can put a formal plan in place that sets your patients up to receive the same quality of care they have come to expect from you.
Risk is an inherent part of any business venture, especially for medical professionals. With the right risk management process in place, you can work to maintain patient safety while reducing the chances of significant losses due to negligence or legal liabilities, protecting both you and your practice from potentially damaging situations.
Different life stages require different approaches when it comes to retirement planning. Whether you’re a young medical professional looking to invest heavily into a 401(k) or are nearing retirement and want to focus on mitigating tax liabilities by utilizing Roth IRA contributions, we can help you create a customized retirement plan that considers your individual goals.
As a medical professional, there are special considerations to be taken into account when you’re considering how to preserve your legacy and reputation after you’re gone. Our multidisciplinary team can work directly with your existing attorneys to keep estate planning documents up-to-date and aligned with your long-term goals.
At Avidian, we can collaborate with your current financial team to analyze potential areas for both personal and professional tax savings. Our high-net-worth tax strategies are comprehensive and include various aspects such as identifying ways to reduce taxes, maximizing credits and deductions, reviewing tax returns, and annual tax-loss harvesting.
Our team is comprised of highly credentialed, specialized, and experienced wealth management professionals who work together to handle multiple aspects of your financial life, including asset management, debt management, risk management, taxation, wealth transfer, and more.
Should physicians have a financial advisor who works in the medical field? Physicians and other medical professionals looking for a medical financial advisor should hire a wealth management firm that understands the unique needs of medical professionals.
In an industry founded on integrity, it is also vital that medical professionals hire high-net-worth financial planning professionals with a reputation for honesty and transparency. The wealth management professionals at Avidian Wealth Solutions are held to the fiduciary standard of care, making them partners who will act in your best interest 100% of the time.
What Avidian offers you:
We understand that the medical field comes with significant exposure to liability, and know that reduction of risk in your portfolio is an essential way to help protect your assets and minimize your overall exposure to risk.
Avidian’s approach to risk management includes the following, among others:
While Avidian offers personalized and comprehensive risk management, affected by your specific circumstances and other areas of your finances, our overall approach remains conservative and goal-based. We will never take on excessive risk in order to outperform a specific index, we instead keep your well-being top of mind.
Why trust Avidian to manage your investment portfolio? Avidian offers an approach toward investment that is:
Managing investments in a volatile market takes a disciplined and patient approach. Portfolios can rarely be managed successfully in a vacuum and need to be reappraised more than just a few times a year. By switching to Avidian Wealth Solutions for fiduciary investment management, you can rest assured that your portfolio is in good hands — even when yours are too busy to check.
After a lifetime of service to their patients, medical professionals should be able to look forward to a long, stable retirement, and have no doubt in their minds that their retirement plan is taken care of.
As is the case with all financial planning for doctors and other medical professionals, your retirement plan should be unique to your goals and your current financial situation. When planning for your well-deserved retirement from medicine, a cooker-cutter retirement plan won’t do.
Avidian offers personalized services for retirement planning in Houston and Austin. We understand the importance of working your retirement plan into a larger, more holistic financial plan, that includes your tax obligations, investment portfolio, and overall financial goals, to ensure that your retirement is regularly reviewed and reinforced.
Curious about where you stand today? Schedule a meeting with our team and put your portfolio to the test.*