STEP TWO: Stay On TrackÂ
with a team of advisors
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 Your Stay on Track membership includes…
Done–For-You Investing
Free yourself from the hassle of picking funds, placing trades, rebalancing accounts, backdoor Roth conversions, and tax loss harvesting with professional management for your personal investment accounts using low-cost, tax-efficient index funds from Vanguard and DFA in a buy-and-hold approach to long-term investing. Invest all you want! Your level monthly membership fee means you won’t pay more when you invest more.
Done-With-You Investing
Log into your 401k, 403b, HSA, TSP or 529 plan, then share your screen to get advice for accounts other advisors ignore. No matter where your account is held, get one-on-one, click-by-click guidance to manage it right, right where it is. No rollover required; no extra charge.
Other Advice For the Rest of Your Life
Young doctors need help managing student loans, changing jobs, and buying homes. Mid-career physicians want guidance about buying a second home, setting up estate plans, or caring for aging parents. Practitioners approaching retirement want to know how to navigate this once-in-a-lifetime transition. And retired doctors need to know how much they can spend without paying too much in taxes or running out of money. No matter what you're going through, our multi-specialty team of Certified Financial Planner™ professionals is here to walk you through it.
A Financial Advisor to Call Your Own
Enjoy a solid, long-term working relationship with a dedicated CFP® professional who "gets" the doctor thing, sees you as an individual, and understands both your personal and financial situation. Text, call, or email your primary advisor and expect answers to your questions in two business days or less.
Semi-Annual Checkups
In your Annual Progress Check, you can turn tax law changes, recent economic shifts, new developments at home, and even upheavals at work into smart moves that keep your plan on track in the coming year. In your Annual Investment Review, we'll take a fresh look at all of your positions in each of your accounts to make sure your investments are aligned with your plan.
Built-in Physician Family Backup Plan
Have you ever wondered how your spouse will make good financial decisions when you're gone? Don't worry: we've got your back. If something happens to you, we'll still be here to help your spouse take care of the money for your family, even if "financial stuff" is not their thing.
Regret-Free Guaranteed
While we do not guarantee financial outcomes or investment results of any kind, we do guarantee you'll enjoy your relationship with us. If you don't, we'll waive next month's membership fee.
HOW IT WORKS
In our first few weeks together, we'll tackle urgent issues that might require immediate attention.
Over the first few months, we'll put your retirement savings plan or retirement spending plan into action by transferring assets into personal accounts we'll manage for you and by collaborating with you to realign workplace retirement and college savings plan accounts. Once a year, we'll invite you to join us for your annual progress check to refocus on what's important about money to you and update your plan for the coming year. We'll also check for new ways to save taxes- even the ones your tax person may have overlooked- so you can move toward better outcomes for yourself and your family.
Six months later, we'll invite you to join us for your annual investment review to take a fresh look at your portfolio and arm you with education to help you stick with your strategy.
Between these semi-annual meetings, we'll reach out to you if we see something you really need to know about and be ready to answer your questions by phone, email, or text.
And if you become cognitively impaired or die while you are a member, we will help your spouse take care of the money so your family can pick up where you left off. It's your very own Physician Family Backup Plan.Â
Frequently Asked Questions
Who will I work with in the Stay on Track service?
You can choose one of our Primary Advisors as your go-to for Annual Progress Checks, plus calls, email, and texting in between checkups. You can also tap our subject matter gurus in a pinch. No matter who you choose, you'll have a CFP® professional with thousands of hours under their belt serving families like yours.
Can I work with W. Ben Utley?
Yes! As a physician family member, you have access to the whole team, including Ben, through your Primary Advisor. If you want Ben to serve as your primary advisor, that's possible, but you should expect to pay a multiple of the posted price. Â
How will you meet with me?Â
You can videoconference with us or hop on a quick phone call, whichever is better for you!
How often will we meet?
With our Stay on Track service, you'll get invitations to meet with us every six months for your annual progress check and annual investment review, and you can reach out to your primary advisor anytime you need us. We want to hear from you.
How long does it take?
It takes a lifetime to retire without regrets, but you can stay on track in as little as three hours a year with our help. Between meetings, calls, email, and text messages, our best clients need us about a dozen hours a year, but there's no limit on how often we can meet.Â
What do I get as a Stay on Track member?
You get a chance to retire without regrets… by making decisions that are good for your money and great for your family. It's a process, not a project, so you'll have a relationship with a team that has "been there, done that" and lived to tell the tale. Oh, and you'll also get your investments handled with care, whether we do it with you or do it for you.
Will you continue to help my family if "something bad" happens to me?
Yes, but only if you are subscribed to our Stay on Track service when the bad thing happens, like your death or cognitive incapacity. We can step in and take care of your family by helping your spouse make good financial decisions for years to come. We call it the Physician Family Backup Plan.
What's your investment philosophy?
Smart investing is not about retiring rich; it's about not dying poor. We believe investments should be low-cost, tax-efficient, broadly diversified, balanced, and… Boring! To us, invested money is like a bar of soap: the less you touch it, the more you keep. Timing the market is a loser's game, so we like to buy and hold., And picking stocks is a fool's errand, so we love index funds. The right asset allocation is the one you can stick with through thick and thin, so… Spoiler alert… You can expect to hear us say, "Stay the course" when things get weird.
Do you charge based on assets under management?
Absolutely not. No matter how much you invest, your Stay On Track membership fee covers all the investment help we can give you, whether we do it for you or do it with you.Â
Will Physician Family hold my investment accounts?
No. With done-for-you investing, we'll help you open an account at Betterment or Altruist, depending on which is better for your situation.
Betterment charges a percentage fee. Will I have to pay that, too?
No, not on accounts we manage for you through Betterment For Advisors. No matter how much you invest, your Physician Family membership covers personal accounts, including IRAs, individual/joint/trust accounts, and solo 401(k) accounts. If you own a business and you use Betterment For Work, you and your employees may pay a small percentage fee in those accounts, but Physician Family receives none of it.
Do I have to move my investments to Physician Family?
No. It's totally optional. However, Done -For-You Investing is part of your membership, whether you rely on this part of the service or not.
Does Physician Family handle Tax-Loss Harvesting?
Yes. Accounts we manage for you are reviewed regularly, and we'll take action if we believe it's right for you.Â
My personal belief system prohibits me from making certain investments. Can you still help?
Of course. We offer socially responsible and Halal investment strategies for accounts we manage. Just let us know what's important to you.
Can you help with my Vanguard IRA, my Fidelity 401(k), my lively HSA, and my Utah 529 plan?
You bet. Through our Done-With-You investing service, we can give advice about any account you can log into.
How do I pay for my membership?Â
To make sure you can reach us when you need us, you'll pay for each month in advance by ACH bank draft, whether you use us or not. That's the bad news. The good news is that your fees won't go up every time your investments go up. When you see every penny we charge every month, think of it as a reminder that we've got your back! Â
How do I get started with the Stay on Track service?Â
First, you'll need to buy a plan through our get on track service. After that, you can put your plan into action yourself or sign up for the Stay on Track service to become a member of physician family. To find out if we're a match, take a quick quiz and schedule an interview with us.
Smart Financial Advice for
Busy Physician Moms and Dads
Be certain.™
Physician Family Financial Advisors Inc.
9450 SW Gemini Dr PMB 52736
Beaverton OR 97008-7105
[email protected]
(541) 463-0899
© Physician Family Financial Advisors, INC. 2024. All rights reserved.
Investment advisory services offered through Physician Family Financial Advisors, Inc. an investment adviser registered with the Securities and Exchange Commission (SEC). For additional information see our Legal Documents Page, ADV2, our Customer Relationship Summary and other disclosures.