As a physician working in a successful practice, you are often too busy to actively manage your investments. Your portfolio requires an emphasis on risk management while you are still delivering patient care, and proper alignment with your retirement goals. We strive to make certain you are in a position to deliver a predictable and steady cash flow out of your portfolio at retirement; essentially replacing however much of your current income you see fit.
Our team is experienced in managing the financial issues impacting physicians and other medical professionals in today’s market environment. We encourage the collaboration of your other qualified advisors with our team’s CERTIFIED FINANCIAL PLANNER professional, to develop comprehensive financial plans and custom retirement cash flow analysis.
Preserving your assets and managing risk take on added urgency when you have reached a certain level of wealth. Our advisors offer wealth management services that address every essential aspect of your finances. We work to help you maintain your standard of living, provide for your family, generate income with minimal tax consequences and safeguard your wealth against unexpected events. All while you focus on enjoying life.
This is a fictional study intended to highlight the variety of products, services and advice that SSG Executive Advisory Group can deliver to physicians. Dr. Smith is a fictional character, and any similarity to any real person is entirely coincidental.
Dr. Smith came to SSG Executive Advisory Group hoping to retire in four years. He had diligently saved and built a significant portfolio primarily in his practice’s profit sharing plan, a personal brokerage account and general savings.
Dr. Smith wanted to make certain that what he had worked so hard to attain would not be subject to undue amounts of risk. Seeking advice he was referred to our team by one of our clients who understood his situation and knew our services.
We developed a picture of what his retirement could look like by considering essential factors such as his assets, cash flow, and both known and potential future expenses. This gave Dr. Smith a realistic assessment of what his retirement income could be each month with the goal of making his money last his lifetime and also allow for a legacy.
Based on these assessed income needs and available resources, we determined an appropriate mix of assets necessary to help achieve the goals at hand. We recommended instituting a strategy designed to help ensure that income needs would be covered by investment income.
To help ascertain the appropriate amount of bond exposure and Dr. Smith’s appetite for market risk, we performed portfolio stress-testing to illustrate the impact certain events may have on his portfolio.
With Dr. Smith’s consent, we assumed the discretionary management of his core assets in order to effectively manage them on a tactical basis, implementing strategies such as tactical hedging opportunities based upon market risk levels, and laddering a federal tax-free municipal bond portfolio designed to provide income and liquidity.
Dr. Smith expressed his desire to leave a legacy for his family and foundation, so we collaborated with his estate attorney to develop a plan to meet these objectives while also mitigating the impact of estate and transfer taxes. We also helped confirm proper titling of his accounts, assets and beneficiary designations.
We also evaluated Dr. Smith’s current insurance policies and determined that ownership was improperly established. With the assistance of his estate attorney and insurance professional, we implemented an irrevocable life insurance trust and transferred the ownership of the policies to the trust, effectively saving the family a 50% exposure to estate taxation.
Lastly, to help Dr. Smith and his family organize and track all of their financial matters, we aggregated his accounts into one convenient access point online, created a secure area for storage of important documents, and automatically maintained constant upkeep of records and financial data.
This investment profile is hypothetical and not indicative of any specific situations or clients. It is presented only as an example and not intended as investment advice. Asset allocation and diversification do not guarantee a profit nor protect against a loss. There is no assurance that any investment strategy will be successful. Investing involves risk including the possible loss of principal. While interest on municipal bonds is generally exempt from federal income tax, it may be subject to the federal alternative minimum tax, state or local taxes. In addition, certain municipal bonds (such as Build America Bonds) are issued without a federal tax exemption, which subjects the related interest income to federal income tax. Please note, changes in tax laws or regulations may occur at any time and could substantially impact your situation. Raymond James financial advisors do not render advice on tax or legal matters. You should discuss any tax or legal matters with the appropriate professional.