As an Independent Financial Advisor (IFA), there are several services we can offer to dentists in assisting them managing their finances effectively:
Financial Planning: Offer comprehensive financial planning services tailored to dentists' specific needs and goals. This can include retirement planning, investment planning, tax planning, and estate planning.
Retirement Planning: Assist dentists in creating retirement savings strategies, such as setting up and managing retirement accounts like, or defined benefit plans.
Investment Management: Provide investment advice and portfolio management services to help dentists grow their wealth while managing risk according to their risk tolerance and financial objectives.
Insurance Planning: Help dentists assess their insurance needs and recommend appropriate coverage options, including disability insurance, life insurance that has a investment option and tax free when you withdraw.
Succession Planning: Assist dentists in developing a succession plan for their practice, whether they plan to sell the practice, pass it on to a family member, or transition to retirement.
Risk Management: Help dentists assess and mitigate various financial risks they may face in their personal and professional lives, such as market risk, business risk, and liability risk.
Buy-Sell Agreements: If you’re in a partnership, having a buy-sell agreement is vital. This legally binding document outlines how a partner’s share will be bought out by the other partner(s) or the practice itself if they retire, become disabled, or pass away.
Estate Planning Considerations: Ensure that your will, trust, and other estate planning documents consider the value of your practice and how it will be managed or disbursed upon your passing.
By offering these services, we can assist dentists achieve their financial goals and, allowing them to focus on their profession with peace of mind.
