Healthcare Professionals
SYM Financial Wealth Management
We do more than scratch the surface of wealth management for medical and dental professionals.
SYM has a detailed understanding of the unique opportunities (and challenges) medical and dental professionals face from residency to retirement.
We deliver in 6 Key Areas
Financial Planning
- Organize assets & liabilities
- Balance sheet & cash flow modeling
- Navigating debt payment solutions
- Major purchase planning
- Retirement projections & modeling
- IRA or Roth IRA strategies
- Withdrawal strategies in retirement
- Social Security timing
Investment Management
- Personal investment risk assessment
- Investment allocation analysis
- Asset location strategies
- 401(k) recommendations
- Outside account review
Estate Planning
- Review critical decisions & documents
- Consider estate tax mitigation
- Map estate directives
- Collaborate with your attorneys
Your Profession - Your Practice
- Strategies for your unique earning cycle
- Planning for practice buy-in
- Succession planning
- Practice valuations
- Buy/Sell agreements
- Contracts and compensation planning
- Simple IRA, SEP IRA, Solo 401(k)
- Cash Balance Plan / Defined Benefit Plan
Tax Planning
- Tax projections and estimated payments
- Tax efficient investment strategies
- Charitable planning
- Tax-loss harvesting
- Collaborate with your tax professionals
Risk Assessment
- Life and disability insurance analysis
- Long-term care planning
- Property & casualty insurance assessment
- Group insurance benefits review
As independent, commission-free fiduciaries, we are not salespeople – we’re leaders and thought partners who pledge to put your interests first. SYM’s advisory teams plan for your unique earning cycle, analyze insurance policies, and set strategies to maximize tax savings and education loan repayment.
Steadfast partners
As your fiduciary, we act in your best interests. We think you deserve the best of everything. That’s why we specialize in wealth management for medical and dental professionals.
Unique earning cycle
When your earnings balloon, your financial advisor can implement strategies for wealth management, tax planning, and asset protection.
Buying and selling
Rely on us to be the hub of your professional resources. We’ll guide your team of professionals as you grow your practice and collaborate with your CPA, attorney, and other professionals.
Rainy days
Proper risk coverage is imperative. It’s also important to strike a balance. Bring SYM into the conversation to find the sweet spot between too much and not enough insurance coverage.
“Will you be there for me when I need you?”
“We can be valued only as we make ourselves valuable.” – Ralph Waldo Emerson
Diego was a physician wealth management client who owned his own medical practice. He recently received an offer to purchase his practice and was required to sign a letter of intent to sell within a short time frame if he wanted to pursue the opportunity.
As he was accustomed to doing with many business decisions, Diego sent the details of the offer to his advisory team to run through his financial plan, requesting to meet in person to discuss the outcomes. Though his SYM advisor was in New York to meet with another client, the advisor knew this request was both important and urgent.
Another member of Diego’s advisory team met with Diego, his wife, and his business partner in the office, while the primary advisor joined by phone to direct the conversation. Diego’s financial planner was able to make real-time changes to the doctor’s financial plan and emailed the reports to him shortly after the meeting.
The client went home and discussed the plan with his wife. He ultimately felt confident to sign the letter of intent before the deadline. At SYM, we take heart in knowing our clients uncommonly well. We believe it is the key differentiator to a successful outcome with physician wealth services, and that these uncommon relationships render uncommon results.
Disclosure: The above scenario is for illustrative purposes only and is not intended to depict an actual client or circumstances. This material is not financial advice, an offer to sell, or a solicitation of an offer to purchase any security managed by SYM Financial Corporation (“SYM”). The opinions and assumptions expressed herein are those of SYM Financial Corporation (“SYM”) and are subject to change without notice. SYM is an independent investment adviser registered under the Investment Advisers Act of 1940, as amended. Registration does not imply a certain level of skill or training. More information about SYM including our investment strategies, fees, and objectives can be found in our ADV Part 2, which is available upon request.
