Manage Your Money
Financial Planning & Taxes
Financial Planning & Taxes Done Right
Strong financial plans should include strategies designed to minimize your tax liability and make sure you are not making any mistakes with your tax returns.
Easily Measure and Assess Your Financial Health
Physicians Thrive uses a financial planning system called Elements® to collect your financial information and measure the key indications for your financial wellness over time.
The Elements Financial Planning System™ gives us a real-time scorecard of your financial situation, so we can continually monitor your progress and provide ongoing, informed advice.
You can review these indications by exploring the Elements below:
- Are you taking the right amount of risk?
- Are you using your income wisely?
- Do you have the right mix of assets?
- How much wealth do you need to make work optional?
As we work together your financial plan will need regular course corrections to keep you on the right track.
That’s why each month we assess your overall financial health using the Elements scorecard and also focus in on one Element for which we collect updated data and do a deeper analysis.
Finally, we deliver beautifully designed, easy-to-follow reports that feature your very latest stats, scores, and any new recommendations for improving your plan.
This methodical approach to keeping your data up-to-date and refreshing your financial plan will give you complete confidence in your progress and direction.
1
Organize
Together, we’ll gather and organize your financial information upfront.
Then, our app will help keep your data up-to-date with prompts when things get stale.
2
Analyze
We’ll regularly analyze your financial health scores to identify ways to help you improve.
And each quarter we’ll deliver a report through our app that highlights all the progress you’ve made.
3
Decide
We’ll use your performance summary and progress report to help you decide if any adjustments should be made to your plan.
We’ll share recommendations with you by email, video, or phone.
4
Act
As the point person on your financial plan, your advisor will:
- Assign action items to our internal team
- Facilitate conversations with your other service professionals
- Introduce you to approved industry partners
What’s Included in Physicians Thrive Financial + Tax Planning
- Budgeting
- Employment and Partnership Assessments
- Education Savings Programs
- Compensation Benchmarking
- Income Statement and Balance Sheet Preparation
- Student Loan Management
- Annual Financial Reporting
- Credit Report Review
- Investment Portfolio Management
- Retirement Planning
- Tax Strategies and Filings
- Insurance Planning
- Residential and Commercial Real Estate Considerations
Comprehensive Planning
With so many different approaches to financial planning, we model our financial planning process with the same intentionality you do with each patient; personalized on a case by case basis.
About Us
Get Information From a Trusted Source
What is a fiduciary when you are talking about financial planning? Not all advisors are fiduciaries. Advisors who act as fiduciaries are legally and ethically obligated to make recommendations in the best interest of the client. Our financial advising relationships are built around educating physicians on the strategies that become a part of their individualized plan.
Get Ongoing Service.
We are on call for our financial planning and tax clients. Physicians Thrive team of advisors are a resource for you during both your major and minor financial decisions. Our team is here to help you with anything and everything related to the dollar.
One way we are here to serve you is with an annual contract review. This includes contract renewal with the same employer or an employment offer from a new job opportunity, as well as a review of the annually updated MGMA compensation data with your advisor. Ensure your being compensated fairly as you advance in your career.
Why Choose Physicians Thrive?
Get ongoing education and advise on everything related to the dollar. Our financial planning includes tax preparation, filing and reduction strategy in addition to ongoing financial planning. See what’s included in our planning.
Personalized
Your advisor won’t make blanket recommendations based solely on your status as a physician. Get a plan that is personalized to each client’s unique financial situation, goals, and level of risk tolerance.
Straightforward
With all the options out there, our approach makes what seems complex simple. You define your goals and we help you reach them.
Opportunity
Our advisors find the best opportunities and options for you to have the highest probability of reaching your goals while requiring the lowest amount of funding.
Get Started Today
On a case-by-case basis, we strive to help each physician we work with plan wisely.
