At Financial Fiduciaries, we are constantly working to provide the best possible information for our clients. One way we do this is by specializing in specific areas of interest and gaining as much insight as possible on that particular subject matter.
With that in mind, our membership in the Asclepius group allows us to understand the intricacies of financial planning and advising for medical professionals. The Asclepius Group is comprised of NAPFA advisors who have extensive experience advising individuals in the medical field. The group works together to gain a stronger understanding of the unique financial needs in this business sector. This collective body of knowledge allows members to take ideas back to their own practices so they can better serve their clients.
According to the Asclepius website, “the group includes a vast array of backgrounds that are helpful in bringing different perspectives to the financial issues facing medical professionals. While each member has extensive experience as a financial planner/advisor, the membership includes advisors with prior work experience as practicing accountants, lawyers, doctors and dentists prior to entering the financial advisory field. “
Recently, Financial Fiduciaries President Tom Batterman had the privilege of hearing from an esteemed panel of colleagues to learn more about their experiences with regard to financial planning among medical professionals. Panel members included:
• Joy M Hord, JD – Attorney with the Health Care Practices section of Parker, Poe, and Adams & Bernstein. Joy provided input on legal issues involved in practice acquisitions and physician employment contracts.
• Tom Loeblein, CHBC, CFP CEO of Health Care Management Associates and its affiliate, The Dental CFO. Tom provided input on issues in medical and dental practice management.
• Chuck Hoch, CFP Retired CEO, Charlotte Eye Ear Nose and Throat. Chuck provided real life experiences he had in the management of physician specialty practices