At Doctors Wealth Management, we think that understanding your professional journey and the financial complexities of being a doctor, is not just crucial – it makes a profound difference.
The fact that we’re backed by the strength and integrity of Avant Mutual gives us an enormous advantage in this area. It means our financial advice offering is designed for doctors and their families.
Financial expertise. A thorough understanding of what it is to be a doctor. A mandate to always put your interests first. This doesn’t just make Doctors Wealth Management different. When it comes to building and preserving your financial future, it makes all the difference.
Our long involvement with the medical profession has given us valuable insights about doctors and their financial needs.
We know, for example, that many doctors are so focused on their patients, they simply don’t have time to think about their financial needs. Doctors often neglect to leverage their earnings and miss opportunities to build wealth. Or, they rush into the latest tax minimising schemes without giving due consideration to the risks.
A doctor’s financial circumstances are unique
We know that doctors love property and often over-invest in it. We’ve seen how most doctors under-invest when it comes to insurance, despite being in a profession that exposes them to unique risks often not covered by traditional policies. Doctors’ earning profiles are often very different to that expected by most financial institutions, which requires specific understanding and expertise in balancing earning capacity and cash flow when considering their level of debt and its financing.
We’re aware too that as most financial institutions are comfortable lending to doctors because they have solid, stable earnings, there’s a tendency for doctors to take on too much debt.
A doctor has a unique career trajectory
You don’t start earning for years because of time spent in medical school and chosen specialty training programs including additional research post-fellowship – so many doctors don’t get serious about super funds as early as they should. This can make a profound difference to the financial advice you need.
All our advisers are highly qualified, registered with the Tax Practitioners Board (TPB), comply with the Financial Adviser Standards and Ethics Authority (FASEA) Code of Ethics and have years of financial advising experience.
Even more importantly, Doctors Wealth Management financial advisers are all salaried employees of Avant – a mutual owned by doctors, for doctors, for more than 125 years. So we understand your unique needs and we always work in a doctor’s best interest.
There’s a reason over 50% of Australian doctors trust Avant with their professional reputation. Now, you can trust us to look after your financial wellbeing too.