Solutions for Physicians : The Prentice Group

Solutions for Physicians

Here at the Prentice Group, we understand the financial challenges of being in the field of healthcare and because of this, our advisors are prepared to work with you every step of the way, from residency to retirement. Our team specializes in the financial planning of healthcare providers across entire spectrum. Whatever field you may be in and whatever challenges you may be facing, we are here to help.

Many years of schooling, long hours and stressful days can all take a toll on your finances and your ability to manage them. It is our goal to take care of the hard work for you so that you can devote your attention to what really matters: your patients. Working with you to understand your goals, values, and circumstances is only the beginning. Once we develop a relational understanding of who you are and what you are looking for both now and in the future, we will create a plan to get you there.

Working with us means knowing your finances are secure in your otherwise unpredictable and exciting career. Your patients and their cases may change everyday, but as we create, monitor, and implement your financial plan, the stability of your future is unwavering. From student loans to asset protection, taxes to retirement, and debt to insurance, we have got you covered. Our team knows how different the finances of healthcare providers can be compared to other careers and we are experts in tailoring your financial plan specifically to you and your career.

Charitable Planning

Giving back is at the core of who you are, or else you would not be in a field that continually helps others. Aside from your career, however, our advisors want to help you budget charitable giving as a part of your financial plan. If giving back to a cause has been on your heart for a while, but you are unsure if it is possible, talk to us today and we will work with you to make regular donations to a charity part of your financial routine.

Tax Planning

You work hard for your money, so why would you let the government take more than you owe? Although you may not be aware of it, there are most likely missed exemptions on your tax forms that require you to pay higher taxes than you should be. Let us help you get this money back by reviewing your taxes and finding missed deductions. Managing your taxes now can save you a lot in the long run, making future goals such as a second home or early retirement possible.

Retirement Planning

Retirement planning as a physician or other healthcare provider is crucial in order to stay on track and retire on time. While most careers only require 4-6 years of education before entering a career right away, the field of medicine requires a lot more schooling and periods of residency before actually beginning your practice. This means that, while others can begin saving for retirement as soon as they graduate, individuals in the field of medicine like you can fall behind without proper planning. Our job is to take into account this longer period of schooling and help you manage your finances in such a way that retiring on time is made possible.

Education Planning

Planning for the future education of your children can be overwhelming, especially when you have just finished paying off student loans of your own. Our team of advisors is prepared to work with you to take into account tuition growth, risks involved, taxes, and more to create a plan best suited to the needs of both you and your children. Sending kids off to college is hard enough as it is; don’t let your finances make it even harder. Talk to us about education financing today.

Debt Management

If you are like most workers in the field of healthcare, you would not be where you are today if it were not for the level of schooling you went through. Unfortunately, however, that schooling most likely left you with more than education, it left you with a hefty debt as well. That is where we come in. We want to help you manage that debt in such a way that paying it off becomes not only possible, but also easy. As you look forward to the future you should be excited, not worried. As you look back at your schooling, you should be grateful, not full of regret. Our debt management programs will help you get where you need to be financially so that your career, not your debt, can be the center of your focus.

Asset Protection

Unexpected things can happen at any given moment such as divorce, lawsuits, liability claims, and more. Are you prepared if this happens? Our advisors are experts on asset protection so that your assets, your wealth, home, savings, investments, and future income, are safe no matter what comes your way. Let us give you that sense of security knowing even if the unpredictable occurs, you will not lose your hard earned possessions and wealth.

Employee Benefits

In the field of healthcare, every employee matters. No office can run smoothly without the help of secretaries, managers, nurses, assistants, and other staff members. This team is what keeps clients happy, schedules complete, and priorities in order. What is the best way to keep the best team of employees? Benefits. Although a desire to work is what gets employees to apply, it is benefits such as dental and medical insurance and vacation time that gets them to stay. Our job is to help you decide which benefits work best for your company and how to plan and implement them according to your company goals.


With as many types of insurance plans as there are today, picking the right one can be a complicated and frustrating task if done alone. A plan can make or break your business and your personal reputation depending on its coverage. The right one can protect you, your assets, and your name in case of error or liability whereas the wrong one can permanently damage your practice. Our advisors specialize in insurance and can help you pick the right kind of coverage for your specific field of work.

Disability Insurance

In an emergency in which the main provider of your family is no longer able to work, disability insurance protects your source of income so that your family still has a source of stability. When the ability to make future plans for investment (ex: school, cars, homes) based on the assumption of future income is taken away by illness or injury, our agents can help you protect your current lifestyle and long term goals. In addition to new medical expenses, one’s income is also reduced or even terminated at the onset of an illness or injury. As the main provider for your family, you should strongly consider disability insurance if your family does not believe it could maintain financial stability, pay its mortgage, or pay off expenses on your spouse’s income alone.


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