Financial planning for medical professionals
Build your practice. Grow your wealth. Shape your legacy.
The specialist medico financial planners at Apt Wealth Partners understand the unique financial challenges and opportunities that come with a career in healthcare. That’s why we offer comprehensive financial planning services designed specifically for medical professionals. Our expert team guides you through the complexities of your financial journey as a medical professional to achieve your personal, professional and life goals.
A bespoke strategy for medical practitioners
As a medical professional, you are likely to have unique financial complexities, such as costs of setting up a private practice, unique cash and liquidity challenges, ongoing education expenses, insurance considerations, and superannuation planning needs.
We can help you with:
Starting and growing your practice
SMSF Set Up and Management
Succession Planning
Retirement Planning
Investment Management and Asset Allocation
Asset Structuring and Risk Management
Philanthropic Management
Tax Planning
Estate Planning
Book a chat with an adviser
Our focus is on delivering financial advice that allows us to become your personal CFO. Your finances will be tailored to your needs, allowing you to concentrate on living the life you want. We’re privately owned and focus on providing the most transparent advice possible.
Medical Professional Financial Planning FAQs
Is an SMSF right for me
In contrast to regular superannuation funds, an SMSF gives its members a proactive role in investment decisions and strategies for retirement savings. For some people, this flexibility and control can be rewarding.
But SMSFs do come with different risks and extensive set-up and reporting requirements, and they are not right for everyone.
How do I manage cash flow in a mixed billing practice?
In medical practice, like any other business, cash flow is king. It’s the key to your ongoing stability and practice success. However, for medical practitioners who have mixed billing across public and private services, it can quickly become a minefield. Public billing may allow you to see more patients and give back to the community, but it can also come with payment delays of up to 12–18 months and significant administrative requirements.
Can I use my SMSF to purchase my practice?
As a medical practitioner and business owner, one of the key components of your financial journey is deciding whether to acquire or invest in commercial premises for your practice. Here, we will delve into the benefits and considerations associated with purchasing your commercial premises through your self-managed super fund (SMSF).
How can I safeguard my business from divorce?
Divorce can be emotionally draining and stressful for everyone involved, but there is another layer of complexity for business owners. While it’s not a pleasant topic, particularly if your relationship is a happy one, the reality is that 1 in 3 marriages today end in divorce, so it’s critical to consider the what-ifs in your business and financial planning.
Latest superannuation articles and resources
How to leave a lasting legacy with a charitable bequest
Andrew Dunbar
Sep 02, 2024
Most of us have a cause or causes that are close to our hearts, but giving a substantial donation during our lifetimes can be challenging as we weigh it up...
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Is buying a medical practice right for me?
Warner Leung
Aug 05, 2024
For many general practitioners, owning a medical practice is alluring. The promise of autonomy, the appeal of potentially higher income and the opportunity to carve out a niche in a...
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Using an SMSF to purchase commercial premises for medical practitioners
David Maddock
Jan 16, 2024
As a medical practitioner and business owner, one of the key components of your financial journey is deciding whether to acquire or invest in commercial premises for your practice. In...
Read more
