Wealth Management Services
As a busy doctor with a practice to run, we know your time is limited. Our three-phase approach to financial planning makes it easier to build wealth, one step at a time.
Think of us as your personal Chief Financial Officer: No commissions. No sales. Just sound advice and an advocate in your corner.
Who Are We?
Health Professionals Alliance is a national healthcare company that offers a solution-based platform for private Physician and Dental practices to access services, financial, analytics and consulting expertise.
Among our many service offerings, we provide our members access to a fee-only, independent wealth management firm primarily serving accomplished dentists and physicians across the country.
Over the last half century, we have built an impressive coalition of medical service specialists and relationships within the healthcare industry with a mission to advance private practices. Our goal is to equip your practice with all the tools necessary to stay independent, profitable and build value while maintaining control over the quality of care your patients depend on.
Health Professionals Alliance exists to make your life easier and providing access to wealth management services is a major way we do that every day.
Your Personal Chief Financial Officer
YOUR MONEY
You’ve got enough to think about. We’ll take the lead on your personal finances so you can enjoy some peace of mind and extra time for yourself or for the business.
✓ Personal Cash Flow Planning
✓ Investment Management
✓ Tax, Estate, & Insurance
YOUR BUSINESS
Whether you’re an accomplished business owner, partner at the firm, or running your own practice, our team understands the unique opportunities and challenges you’re facing.
✓ 401(k) and Office Retirement Plans
✓ Tax Planning (alongside your CPA)
✓ Creating an Exit Strategy
YOUR LIFE
You’ve worked hard to get here. As you start looking ahead to retirement or the next phase of your life, we’ll help you get intentional about where you’re heading.
✓ Financial Independence Planning
✓ Planning for Big Goals and Dreams
✓ Partner in Major Life Decisions
Comprehensive Wealth Management
CASH FLOW & DEBT MANAGEMENT
The long-term game is won with small daily victories. Are you tracking your cash flow personally and in your practice? What is your current net worth? Do you have a debt reduction plan in place? Is your total debt a reasonable percentage of your assets? It can get overwhelming fast, but that’s why we’re here.
INVESTMENT MANAGEMENT
Low-cost and long-term investing backed by extensive research. We don’t try to time the market or pick the next hot stock; rather, we believe in maintaining broad diversification across all markets using reputable, low-cost fund companies such as Dimensional Fund Advisors (DFA).
TAXES, INSURANCE, & ESTATE PLANNING
We work alongside the other professionals in your life to make sure we’re all on the same page. Do you have the appropriate levels of withholding and estimated tax? Do you have the right insurance –at a reasonable cost– in case of a catastrophe? Do your account beneficiaries and estate documents match your current wishes? Let’s double-check.
EDUCATION PLANNING
Education expenses are more costly and complex than ever. Do you know how much you should (and can safely afford to) save each month? Are you getting all of the educational tax breaks you deserve? If covering the cost of a loved one’s education is important to you, we’re in your corner and ready to help.
FINANCIAL INDEPENDENCE
Practice because you want to, not because you need to. That’s what financial independence is all about. What is your financial independence number? How confident are you that you won’t run out of money in retirement? With the help of our powerful software, we’ll run detailed projections that can give you peace of mind.
LEGACY PLANNING
Support the people and organizations you love. Are there special people or causes you’d like to support financially? From charitable gifting during your lifetime to leaving an inheritance to the ones you care about most, we enjoy helping our clients find personalized ways to pay it forward.
What to Expect
PHASE 1: WE ORGANIZE
The First 3 Months: We’ll take the time to get to know you: where you are now and where you want to go.
This first phase lays the foundation for the entire relationship. We’ll be talking often and making a lot of intense progress.
PHASE 2: WE PLAN
The First Year: Once we can see the whole picture, we’ll build a plan that works for you.
This is where the rubber meets the road. During this phase, we’ll design a customized plan for your savings, investments, and debt.
PHASE 3: WE MANAGE
Year Two, Onward: Once your initial plan is in place, we’ll find opportunities to improve and optimize.”
This is the fun part. You’ll feel the momentum as we start building towards financial independence and reaching your big dreams.
Frequently Asked Questions
How does your firm get paid?
We are only paid for our advice and services. Unlike most firms, we don’t receive sales commissions and kick-backs from the investments we recommend. As a fee-only fiduciary, our only compensation comes from the fees our clients pay us in exchange for our advice and services. This frees us up to put your best interests first and make recommendations based on what makes the most sense for your personal situation.
Who is your typical client?
We are only paid for our advice and services. Unlike most firms, we don’t receive sales commissions and kick-backs from the investments we recommend. As a fee-only fiduciary, our only compensation comes from the fees our clients pay us in exchange for our advice and services. This frees us up to put your best interests first and make recommendations based on what makes the most sense for your personal situation.
Do you have a minimum fee?
The fee for our Wealth Management services (investment management + comprehensive financial planning) is calculated as a percentage of the total assets that we manage. For non-HPA Members, the minimum annual financial planning fee is $12,500 and is billed at the beginning of each quarter in the amount of $3,125. HPA Members receive a 20% discount on our normal fee schedule and a reduced minimum fee of $10,000 per year ($2,500 quarterly).
Because of this minimum, our services tend to make the most sense for clients who have already accumulated $1,000,000 or more in investable assets.
A Doctor Owned, Doctor Led Alliance
