Broker Check

Medical and Dental Practices and Professionals

With over 125 physicians and dentists as clients, we understand the unique situation medical professionals face today: an increased need to systematically create wealth beyond traditional retirement plans and investments; the importance of asset protection; and the necessity for appropriate levels and types of life and disability insurance coverage to protect you and your family. You tend to work longer hours and have less time to focus on financial matters. We can help you with this part of your life.

Our extensive services include

Click here for our brochure

We work with large and small practices as well as with individual physicians and dentists.

Employee Benefits and Retirement Plans
Providing an affordable Employee Benefits’ package continues to be one of the greatest challenges for group medical practices. We put our considerable experience and expertise in this field to work on delivering viable alternatives to our clients.

We evaluate the design of different benefit packages to achieve the best pricing structure and then help with the implementation and day-to-day management.

Our services include:

  • 401k and other defined contribution retirement plans
  • Pension plans
  • Insurance Plans (Group Life, Health and Disability, and Long-Term Care) 

Asset Management
We start by measuring and evaluating your investment objectives and tolerance for risk, and answering questions like:

  • What is a reasonable rate of return to plan on?
  • What is the investment mix for you?
  • How will inflation and taxes affect your investments?

Answering these questions will help us build the right investment program to fulfill your dreams without risking your lifestyle. We then allocate your assets across multiple classes of investments in an effort to balance investment risk and return. Our investment approach is highly disciplined and based on extensive research and rational fundamental analysis. Research allows us to base investment decisions on knowledge rather than intuition or passing fads. We populate each asset allocation model with a selection of stocks, bonds, mutual funds, exchange-traded funds (ETFs) and other investments to ensure appropriate diversification.

Executive Compensation Programs

  • Attracting and retaining valued employees often only begins with the salary. We can help you reward key employees with additional compensation items such as:
  • Deferred compensation
  • Long-term, tax-advantaged savings opportunities designed to complement any business-wide retirement plan
  • Life insurance benefits commensurate with the income and needs of the executive
  • Pre-funded post-retirement medical plan benefit
  • Financial planning
  • Estate planning
  • Asset management

Succession Planning
There comes a point in time when almost every practice medical professional contemplates the future of his or her practice. Typically, the practice is the most substantial asset in the owner’s estate and he or she must address a number of estate planning issues that will affect the future stability of the practice and financial well being of loved ones.

FPNW works with medical and dental practices to develop a succession plan that provides a comprehensive look at the estate planning picture. Business succession plans can include everything from share­holder buy-sell agreements to management plans and any other documentation that will help ensure the smooth operation of the practice. While traditional estate plans are designed with tax minimization in mind, succession planning, in addition to such considerations, is aimed at maintaining the future health of the practice

Individual Financial Planning
The planning process is an in-depth evaluation of your overall financial picture, which involves analyzing your financial data and defining your goals. The outcome of this process is a customized financial plan that includes a consolidated statement of assets and liabilities. In addition to this financial snapshot, your plan illustrates how your goals map to your current financial situation and offers specific recommendations on how to achieve your goals. Once your plan is complete, you choose whether or not to implement our suggestions. You are in total control.

Economists and other financial experts tell us that implementing and monitoring a well-designed and comprehensive financial plan will help you reach financial independence. Financial independence can mean different things to different people, but for many it means the ability to retire with enough assets and income to maintain their lifestyle while providing for their loved ones.

Click here for our brochure