Ongoing Financial Planning for Physicians

Comprehensive Plan + Ongoing Support

For those who want regular advice & accountability

Step 1) Schedule

‍After completing the contact form, we respond via email to confirm details and explain the process.

Consultations are scheduled on Tuesdays, Thursdays and Fridays.

Schedule a Time

Step 2) Intro Meeting

The intro call is an opportunity to ask questions, discuss your financial concerns, and establish the values to guide your money decisions. If you decide to move forward, you’ll receive a fiduciary agreement and an invitation to your personal financial planning website.

Meeting will be with Tyler or Ronnie, depending on availability & scheduled time

Step 3) Getting to Know You

Then, the first financial planning meeting focuses on getting acquainted, confirming facts, and setting the tone for the next meetings.

Meeting will be with Tyler or Ronnie, depending on availability & scheduled time

Step 4) Data Gathering & Review

Financial planning required detailed information upfront. It's a lot, no question, but necessary. We can't look for a path forward without knowing exactly where we're starting from.

Step 5) Goal Setting

Once we know your starting point, we then need to talk about where you want to go. We want to take into account what you shared in the Getting to Know You meeting (your values & principles) and discuss what you want from your financial life. Whether it's FIRE (Financial Independence w/ Recreational Enjoyment), travel, college education for the kids, vacation homes, starting a business - whatever matters to YOU is what we're looking for here. Together, we'll try to set target timeframes and costs to these goals & work out what's possible.

Step 6) Plan Presentation

Once we know where you want to go, the OlsonFP team will get to work figuring out what steps need to be taken to get you there. Depending on how things work out, this could be an iterative process with an extra meeting or two to fine-tune things. Why? Sometimes tradeoff decisions will need to be made and then the plan reworked with those changes in mind, so it's just part of the process.

Step 7) Implementation

Once we've worked out the plan together, it's time to get our hands dirty and get the necessary things done to set you up for success. Whatever steps are outlined, we'll help you walk through it.

Fees & Service Offering

Comprehensive plan for those who want ongoing tax, financial and estate planning support infrastructure in their lives. It is us on retainer, a form of insurance if you will. Optional asset management (via Altruist) included if desired. This service includes two (2) semi-annual plan review meetings, one (1) tax planning meeting in the fall, and accessibility to both of us throughout the year, so we are making good use of your time with pre-scheduled meetings, but also we meet as life happens and you need our guidance and advice.

Upfront Fee: The first quarterly fee of $3,750

Annual Fee: $15,000

Schedule a Time

Ongoing Financial Planning

How We Help

We’ll start with a full financial plan designed around your household’s needs and goals. From there, we’ll help you put the plan into action and provide ongoing financial analysis and recommendations as your situation evolves. You’ll have access to us whenever you need guidance throughout the year. At a minimum, we’ll meet three times per year to review your financial, investment, estate, asset protection and tax planning to keep everything on track.

Ongoing Financial Planning

Our role doesn’t end after the plan is built. We’re here to partner with you long-term, helping you make informed decisions as opportunities and challenges come up.

Annual Fee: $12,000-$15,000/year (complexity dependent)

For Practice Owners: $18,000/year

Step 1) Schedule a Time

‍After completing the contact form, we respond via email to confirm details and explain the process.

Consultations are scheduled on Tuesdays, Thursdays and Fridays.

Step 2) Getting Acquainted

Step 3) Complete Agreement and Authorize Invoice

Then, the first financial planning meeting focuses on getting acquainted, confirming facts, and setting the tone for the next meetings.

Step 4) Data Review and Analysis

Financial planning required detailed information upfront. It's a lot, no question, but necessary. We can't look for a path forward without knowing exactly where we're starting from.

Step 5) Goal Setting Meeting

Step 6) Plan Implementation Meeting

What’s important is not that you choose us. What’s important is that you make the choice that inspires confidence and promises a better tomorrow. This part is on us. Calling on our experience and our relationships with some of the best minds in the business, we answer the questions uncovered in our conversations with you. Then, we develop an overarching plan for meeting your financial goals.

Annual Service Calendar

A short overview of what goes into an ongoing financial planning relationship

Get a Financial Plan

New Year

Goals for new year, Tax summary letter, pay stubs, salary, expenses, cash levels, Roth conversions, retirement plan contributions, Student Loan Tax Strategy

Mid Year

Tax return analysis & review, one-page financial plan updates, spring review meetings, retirement plan projections, beneficiary review & summary, alternating insurance policies review/estate planning updates

End of Year

Tax return analysis & review, end of year tax planning opportunities, fall review meetings, Roth conversion & distribution analysis