Financial Planning for Physicians

The unfortunate truth is that according to AAMC, 75% of physicians from the class of 2018 have student loans, averaging $196,520. 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.

You have good reason to trust your partnership with Parsec Financial. With $2.99 billion in assets under management as of December 31, 2019, we have the history and experience to help you succeed. These three Parsec advisors specialize in serving the needs of the medical community, offering customized guidance for your unique needs.

How to Attain Independent Wealth

  • Income
  • Investment Portfolio
NOTE: Figures are in ‘000s. Past performance is not a guarantee of future results. These scenarios are for illustrative purposes only. Source: 2018 SBBI®Yearbook

Asheville

Charles Thompson is a senior financial advisor at Parsec Financial, based in Asheville. He is a Certified Financial PlannerTM practitioner and a Chartered Retirement Planning Counselor®. He holds a Bachelor’s degree in Business Administration from the University of North Carolina at Chapel Hill, where he was a recipient of the prestigious Morehead-Cain scholarship. At Parsec, Charles devotes his practice to helping physicians and their families develop specific plans to efficiently build, preserve, and prolong their wealth.

Charles has spent most of his life and career with the medical community. His interest in serving medical professionals stems from the many lessons learned from his own father’s 40-year career in family medicine. Before joining Parsec, Charles worked with large healthcare systems and medical practices to design, modernize, and administer their retirement benefit programs. He also managed retirement plan participant education initiatives at hospital systems across the SE, including Mission Health, Wake Forest Baptist Health, Rex Healthcare, and Roper St. Francis Healthcare. Charles serves on the board of directors of a regional nonprofit urgent care network and volunteers his time and resources to support CureSearch for Children’s Cancer.

Schedule Time with Charles

Request a free, no-obligation call to learn more about him and how he can help.

Charlotte

Michael Ziemer is a partner and board member at Parsec Financial, practicing with the firm since 2004 in Charlotte. He is a Certified Financial PlannerTM practitioner and has completed professional studies at the College for Financial Planning®. Michael holds a Bachelor of Business Administration in finance from Indiana University Bloomington Kelley School of Business.

Prior to joining Parsec, Michael worked as a financial consultant for Charles Schwab & Co., Inc. Thus, over his extensive 20-year career in the industry he has worked with ultra high net worth physicians of all specialties to build financial plans and investment strategies to fit their specific needs. Michael understands the unique risks that both physicians and their families face. His focus is protecting and building net worth utilizing tax and estate planning strategies by partnering with a doctor’s attorney and CPA.

Schedule Time with Michael

Request a free, no-obligation call to learn more about him and how he can help.

Winston-Salem

Daniel Johnson III is a senior financial advisor at Parsec Financial based in Winston-Salem and a Certified Financial PlannerTM practitioner. He holds a Master of Business Administration with a concentration in finance from East Carolina University and a Bachelor of Science in accounting from the University of North Carolina Asheville.

Daniel is actively involved in the Winston-Salem community and currently serves on the Board of Members at the William G. White Jr. YMCA. Additionally, he is a member of the Rotary Club of Winston-Salem. At Parsec, Daniel specializes in working with individuals and families who work in the medical field. He enjoys working through complex estate and tax planning issues with clients, finding the optimal long-term solution.

Schedule Time with Daniel

Request a free, no-obligation call to learn more about him and how he can help.