Financial Planning for Physicians
Parsec is a fee-only wealth management firm founded by Bart Boyer in Asheville 41 years ago. His son-in-law is a vascular surgeon in Greensboro, NC, so he personally understands the extensive and grueling path that you all have undergone to get to where you are today. Thus, Parsec takes its work with the medical community seriously and is honored to work with nearly 200 practicing and retired physicians throughout N.C. and across the country.
Congratulations on earning your white coat. You have worked incredibly hard for it, and we want to help you protect, save and invest the hard-earned and long-awaited income that accompanies the prestigious physician title.
The unfortunate truth is that according to AAMC, “the median education debt for indebted medical school graduates in 2020 was $200,000, and 73% of graduates reported having education debt.” So once you finally finish residency and possibly one or more fellowships and substantially increase your salary, your first inclination might be to immediately pay down that debt.
But we are here to show you why that might be counterproductive. Instead, we can build a financial plan to support your goals and long-term desires for retirement.
How should you allocate your resources? How much of your salary should you allocate towards saving? Towards investing? Towards debt service? How much can you prioritize comfort and convenience for you and your family today without affecting your future plans? We’ll answer these questions and many more as we review and revise your financial plan throughout your life and career. As you and your family reach each milestone, we’ll be there to celebrate with you. Whether planning for children, college, weddings, retirement, grandchildren, or your overall legacy, we’ll help you prepare with confidence.
Parsec Financial Advisors:
You have good reason to trust your partnership with Parsec Financial. With $4.08 billion in assets under management as of March 31, 2022, we have the history and experience to help you succeed. These Parsec advisors below specialize in serving the needs of the medical community, offering customized guidance.
Our Medical Sponsorships:
Using Our 40+ Years of Excellence to Help You Thrive
Get in touch with a Parsec Financial representative at an office near you.