Medical professionals (doctors, dentists, residents and medical support individuals) work in an industry that can be very rewarding – both personally and financially. But operating a full-time business leaves little time to establish, monitor and realize financial goals. SOUND Wealth Management Group is acutely aware of the uncertainty and ongoing evolution within the industry; reimbursements (MU2 & ACA), malpractice and administration costs (ICD-10) constantly disrupt the ability to focus on patient care. SOUND Wealth Management Group works with medical professionals in many states around the country and can help create financial plans and solutions to address concerns and bring balance to your life so focus can remain on medicine and care.
Beyond the conventional services expected from a wealth management team, SOUND Wealth Management Group will happily collaborate with your other qualified advisors, who can create family limited partnerships or asset-protected trusts, secure umbrella insurance coverage (or "go bare"), and assist in sourcing investment solutions that may mitigate managed reimbursement cutbacks and rising practice expenses.
Within the medical field, SOUND Wealth Management Group offers retirement benefits planning – even beyond the traditional savings and planning methods – including solo 401(k), defined money purchase contributions, defined benefit, cash balance pension, profit sharing plans, and debt management, as well as tax, estate and liability planning to ensure adequate finances are in place for opportunities and/or obligations. Further, practices with a limited number of employees offer restricted retirement plan options, so additional planning and consideration are often required for the realization of financial goals.
SOUND Wealth Management Group also works with those who have hung up their white coats to develop transition plans to sustain the wealth created from past successes. SOUND Wealth Management Group is overt and forthcoming with investment management. As an Accredited Investment Fiduciary® (AIF®), Gary has the training to implement a prudent process into the investment practices of SOUND Wealth Management Group.
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Raymond James Financial Advisors are not qualified to render advice on tax or legal matters. You should discuss any tax or legal matters with the appropriate professional.