Medical professionals — including doctors, dentists, residents, and medical support individuals — work in an industry that can be deeply rewarding, both personally and financially. Yet operating a full-time practice or business often leaves little time to establish, monitor, and realize financial goals. At SOUND Wealth Management Group, we are acutely aware of the uncertainty and ongoing evolution within the medical field; reimbursements (MU2 & ACA), malpractice costs, and administrative burdens (ICD-10) continually disrupt the ability to focus on patient care. Our team works with medical professionals in many states across the country and can help create financial plans and offer solutions to address concerns, bringing balance to your life so your focus can remain on medicine and care.

Beyond the conventional services expected from a wealth management team, SOUND Wealth Management Group collaborates with your trusted professional advisors who can establish family limited partnerships or asset-protected trusts, secure umbrella insurance coverage (or “go bare”), and assist in sourcing investment solutions that may help mitigate reimbursement cutbacks and rising practice expenses.

Within the medical field, we offer comprehensive retirement and benefit planning — extending beyond traditional savings and planning methods — including solo 401(k), defined money purchase contributions, defined benefit and cash balance pensions, profit-sharing plans, and debt management, as well as tax, estate, and liability planning to help ensure adequate finances are in place for both opportunities and obligations. Practices with a limited number of employees often face restricted retirement plan options, so additional planning and consideration are required for the realization of financial goals.

SOUND Wealth Management Group also works with those who have hung up their white coats to develop transition plans that sustain the wealth created from past successes. Gary and Brandon, who hold the Accredited Investment Fiduciary® (AIF®) designation, along with the entire SOUND Wealth Management Group team, have the training to implement a prudent process in their investment practices.