Who We Serve
Utley Financial Planning works with physicians who
are running out of time to make the most of what they’ve earned.
Does this sound familiar?
- You’re targeting multiple goals. Retirement. Education. Vacation
home. Sabbatical. But you don’t have unlimited income. And you’re not sure
if it's possible to provide all of these for your family.
- You have doubts about your investments. You get
tons of statements and things seem too spread out. You’re not sure if your money’s in the right place. When
you call to ask questions, no one seems to speak your language.
- You have insurance but you don’t feel “covered.”
You’re not sure if you have more or less
than what your family needs. You may have gaps in coverage but you can’t see
them, and you don’t have time to read all your policies to find out.
- Cash piles up in your checking account where the
bank makes wise use of your money… for their benefit. You want to make the
most of what you earn, but every new dollar seems to call for a new
approach and you don’t have time to reach a decision.
- Your partners are planning to invest in a building or surgicenter and you don’t know where you’ll find the
money to meet your part of the buy-in. It may be an excellent opportunity,
and you don't want to be left out.
- You don't know who you can trust. When you call for
help with your finances, most of the time you get a sales pitch for a product
that does not address the issues you are facing.
You’re not alone… We
can help.
Financial advice for every stage of your life.
Whether you’ve been in practice two months, two years or two decades, we’re
in tune with the challenges you face because we’ve worked with docs in all their
different stages of life—including the stage you’re in right now.
- New-to-Practice: Two years post-residency/fellowship
You’re just getting started. You’re making real money, perhaps for the
first time in your life, and finances have become important. You want to
pay off your school loans, but buying a house for your young family is
also important and you need to know how much you can afford. You haven’t
had the resources until now to set up the college savings accounts for
your children and you’re ready to get started. You want to make good
investment choices with your new retirement plan. You may have the right
types of insurance but you’re concerned you might be underinsured. You
need help finding a good accountant and maybe even an estate planning or
business attorney. You’re a little nervous about all of this and you want
to get it right – the first time.
- Mid-Career: In practice more than two years
Making money is no longer a problem, but taking care of it certainly
is. You realize that your practice is a business that needs to be managed.
You’re facing competitive pressures that force you to do things like buy
or build medical office buildings, invest in equipment, and establish
strategic partnerships. With all of this going on at office, what you
really want is to spend more time with your family. Nice vacations, a
second home, or maybe a sabbatical sounds good to you. College for your
children is just around the corner and retirement isn’t far behind. Your
investment accounts are starting to mushroom and you’re earning a good
living, but you are not convinced that you’ll be ready to write the checks
needed to cover the big-ticket items in your future. You want control over
your finances and perspective on the Big Picture. It’s time to crunch some
numbers and see how it will all pencil out.
- Approaching Retirement: Less than five years of
practice ahead of you
Despite the challenges of medicine, you’ve managed to accumulate
assets – retirement accounts, real estate, business entities – and you’re
beginning to think about retirement. But when? Can you afford to retire
now? What lifestyle changes, if any, would you need to make in order to have
a comfortable retirement? You’ve heard about colleagues who retired and
then “outlived their money” and you don’t want to join their ranks. You
need to take an objective look at your situation, get everything
organized, create a timeline and form an action plan. It’s time to make some
smart decisions as your count down the days to retirement.
“A physician’s greatest
asset is not his house or his money. It's his ability to practice medicine. Great financial decisions can
turn a decent income into wealth that will last a lifetime.”
– Ben Utley
Is Utley Financial Planning right for you?
If you’re thinking about working with us, please be advised
that we’re looking for a specific
mindset in the physicians we serve.
You may be a good fit for our firm if…
- You take life seriously. Your highest priorities are the practice of
medicine and the well-being of your family. You expect
your financial advisor to "get" who you are and help you stay
focused on the important things in your life.
- You’re pressed for time. You like your information
concise, your meetings short, and your paperwork kept to a minimum. You
want phone calls and e-mails to be answered promptly. You need to work
with people who understand your schedule.
- You value integrity. You want your business arrangements to be
honest and free from even the slightest conflict of interest. You expect
candor and professionalism from your closest contacts.
Next, check
out How We Work with physicians.
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