facebook twitter instagram linkedin google youtube vimeo tumblr yelp rss email podcast phone blog search brokercheck brokercheck Play Pause

Frequently Asked Questions

Why should I work with you?

We may or may not be a good fit. Choosing a financial planner is a big decision. Personalities, philosophies, and core values should be aligned. This firm was built to work with pharmacists and their families. So if you’re a PharmD, I think we’re a good place to start.  Additionally, it's our goal to continuously deliver tremendous value. Planning, implementing, results, repeat. A financial advisor can offer you all of the lip service in the world, but if they can't make a real positive impact in your financial life, are they really serving you?

In the same way that a pharmaceutical sales rep is limited in how he or she can work compared to a pharmacist, a commission-driven financial professional is, too. Advisors who are not fee-only may only have a few products available to sell. This also means that they’re mainly working for commission — and not catering to your best interest at all times.

As a pharmacist, your work is much more collaborative by nature, requiring a higher level of care and customized approach to each individual patient. The same goes for a fee-only fiduciary firm like us. We don’t sell products, but are instead paid directly by you at a flat-fee rate. With no ulterior motive or incentive, we provide custom recommendations to fit your distinct financial circumstances and goals. We also have an extensive network of professionals we trust and can lean on if your situation requires. From insurance agents to estate planners, we want to make sure your best interests are always being served.

Finally, we abide by a true fiduciary standard 100% of the time.

What does it mean to be a “fiduciary”?

Being a fiduciary means that we are legally required to disclose any potential conflicts of interest and to make recommendations that are in your best interest AT ALL TIMES. Given that we are a commission-free, fee-only firm, we have “fiduciary” built into our structure. We have even gone as far as signing a Fiduciary Oath.

Why do you work with pharmacists?

First, we specialize in you. Given that the founder and lead planner’s wife is a pharmacist, we’re personally aware of the unique financial opportunities and challenges that this profession brings. We feel this allows us to bring greater value to your financial life compared to our competitors. Are you trying to dig out of student debt? We know all about that. Are you a mid-career PharmD with an accelerating net worth? We can help align the rewards of your career with your future goals (college planning anyone??) Or maybe you've got retirement aspirations on the horizon? We know how to guide a PharmD into retirement. We've navigated that many times. 

Second, we understand all pharmacists are different. However, we think a lot of PharmD professionals share a few common traits that we enjoy working with. Having driver personalities, advanced educations, and an understanding of the importance of professional guidance (Google doesn't know everything!) are just a few traits of pharmacists we align well with.

Third, we believe that pharmacists deserve financial advice that is held to the same standard that is required of them in their profession. No, we are not doctors. Not even close! But we have achieved the same type of qualifications in the financial planning industry that you have in the PharmD profession. When it comes to your finances, you deserve more than just a broker. 

I don’t live near you, but can I still work with you?

Yes! PharmD Financial Planning is a location-independent firm. If you have an internet connection, we make it work. The firm has invested in technology that allows our clients to live anywhere, while still being able to receive the service and personal relationship that is expected.

I’m not a pharmacist. Can I still work with you?

We specialize in working with PharmD professionals and their families. That is who we are best suited to serve. However, if we feel you are a good match for our firm, we are open to exploring a relationship with you. It just needs to be a good  personal fit for everyone involved.

What kind of issues can you help me with?

We can help you with a wide variety of financial challenges and pain points through our services, such as the following:

  • Retirement Planning
  • Cash flow and Income management
  • Wealth accumulation and diversification
  • Investment management
  • Taxes and tax planning
  • College planning
  • Retirement Income planning
  • Insurance review
  • Estate planning
Do I need to have a certain amount of investments to work with you?

Not at all! Our firm is structured to serve PharmD professionals regardless of if they want investment management included as part of our service offering or not. We understand that some pharmacists like to manage their own investments and that’s ok! We have structured our fees based on net worth and not assets under management (AUM). So there is no minimum dollar level required to work with us.

Can I end our ongoing planning relationship if I'm not satisfied? 

You can end our relationship at any time. Clients usually pay their fees on a monthly or quarterly basis, so if you find it's best to move on, I will refund whatever portion of your fees remain as a gesture of good faith.  And in the end, we will part ways as friends!

Schedule an Introductory Call