Flat Fee Only Financial Planning
Avoid conflicts of interest with level monthly subscription fees that cover financial planning and investment advice for you, your spouse and your school-aged children
100% Fee Only
No Asset-Based Charges
25+ years experience
How Service Packages Work:
Every physician needs a retirement plan but only a few value a long term advisor connection. That's why all of our clients–even those who continue as members–begin as guests here at Physician Family.
STEP 1: Make a Plan For Retirement
Every physician will retire some day so the best time to start planning is today. The Make a Plan service gives you everything you need to make your first step toward Retirement a solid one. Make a Plan Service includes:
Retirement Goal Setting
Know when you want to retire? Whether your answer is “no” or “now” or “never”, you can turn vague notions into meaningful goals in this session guided by a Certified Financial Planner® professional.
Retirement Planning Session
Get a feel for your future by playing with possible savings rates and retirement dates in this live, one-on-one session with our Retirement Planning Specialist.
Retirement Action Plan
Stop missing out on tax breaks for retirement with your personalized to-do list recommending how much to save (or spend if you’re retiring soon), which accounts to use and which asset allocation strategy to pursue.
Secure Online Portal
Stay in touch with your financial accounts, real estate, student loans and mortgage with your chart on our Electronic Financial Record (EFR).
No one can guarantee your goals but Physician Family promises you will love your plan. Pay for your plan only if you are completely satisfied.
STEP 2: Get on Track
All physician families have one thing in common: they’re busy. So once you have made a plan, it’s time to put your plan into action. You can do it yourself, or choose to become a member of Physician Family and let us help. Get On Track service includes:
Primary Advisor Connection
Enjoy a solid, long-term working relationship with a dedicated Certified Financial Planner® professional who “gets” the doctor thing, sees you as an individual and understands both your personal and financial situation. Text, call or email your Primary Advisor to get answers in two business days or less.
Full Team Access
Through your Primary Advisor, gain access to the other professionals on our multispecialty team with average industry experience of 10+ years serving 200+ physicians nationwide.
Flat Fee Account Management
Free yourself from the hassle of picking funds, placing trades, rebalancing accounts, backdoor Roth conversions and tax loss harvesting with professional management for your taxable accounts and IRAs using ETFs from DFA and Vanguard in a buy-and-hold approach to long term investing. Invest all you want! Level monthly subscription fee means you won’t pay more when you invest more.
Go-Anywhere Investment Guidance
Log into your 401k, 403b, HSA, TSP or 529 plan then share your screen to get advice for accounts other advisors ignore. No matter where your account is held, get one-on-one click-by-click guidance to manage it right, right where it is. No rollover required; no extra charge.
STEP 3: Stay On Track
As a physician–one with a family–you’re not just making a living… you’re making a life. To get the most out of your money AND your Physician Family membership, you need to make every move a smart one so you can stay on track. Stay On Track Service includes:
Annual Investment Reviews
Take a fresh look at each position in all of your accounts to make sure your portfolio matches your plan. No matter where your accounts are held, you can rely on our fiduciary duty, as a registered investment advisor, to recommend adjustments if necessary or just leave well enough alone.
Lifetime Retirement Planning
Young doctors ask, "How much should I save?" Mid-career physicians want to know, "When can I retire?" Late stage practitioners wonder, "Which account should I draw from first?" And everybody asks, "How can I save taxes?" Get the answers you need with a personalized plan for every year of your career.
Expanded Financial Planning
A good college for your kids or grandkids… a family hideaway on the mountain or the beach… nice vacations for you and your (grown) kids every year… the good life takes money but a great life–one you can enjoy now AND during retirement–takes more planning than just maxing out your 401k and IRAs. Get more out of your financial life by putting more goals and more thought into your financial plan.
Annual Progress Checks
Find out how to turn new tax laws, recent economic shifts, new developments at home and even upheavals at work into smart moves you can make to keep your plan on track in the coming year.
Outside Expert Integration
Preparing taxes, selling insurance, real estate investing, home loan financing and estate planning are all things Physician Family does not do but that does not mean you have to do it alone. We offer guidance to help you find the right outside expert for your needs and we will gladly collaborate with them as a member of your financial security team. We never take a cut, split commission or accept referral fees.
Even in a great relationship, there's always room for improvement. If you are not completely satisfied with our service, let us know how we can improve and we will waive next month's membership fee.
Frequently Asked Questions
How does Physician Family get paid?
We are a fee-only firm which means we charge a project fee or level monthly membership fee for our services. We never accept commissions or referral fees. We are fiduciaries, so the advice you receive puts your interests first.
Do you charge an asset-based or “percentage AUM” fee?
Absolutely not. No matter how much you invest, your monthly membership fee covers account management (where we manage your accounts for you) or investment guidance (where you manage your accounts yourself with specific mutual fund recommendations we provide.
Do you ever increase your fees?
Yes but not for new members. Our prices are based on the cost of employing great people, so we do occasionally increase prices to keep up with inflation after the initial commitment period.
Does the fee include my spouse?
Yes. The fees above cover services for your family: you, your spouse and children under age 18.
Are there any hidden fees?
No. While your financial institution and other service providers (your accountant or attorney) may charge you separately for their products and services, Physician Family's work is covered by your monthly membership fee.
Why don’t you bill by the hour?
Advisors who bill by the hour have an incentive to waste time and, for the physicians we serve, there’s nothing more precious than time with their family and their patients. From our perspective, membership fees give us the ability to earn a stable salary so we can feel comfortable putting our hearts and souls into serving you.