At some point on your personal finance adventure as a pharmacist, you may need assistance.
A financial advisor can be a great asset to help guide you through the decision-making process.
There are a few things to look for in a financial advisor:
- Fiduciary: Essentially, they’re legally obligated to act in the best of your interest.
- Fee-only: Earning no commissions on products sold.
- Fee-based: Compensation is based on how much you’ve invested with them, commissions is earned through product sales, or hourly fees. In this case, hourly fees only advising may be beneficial when you’re only needed quick and succinct advise.
- Word of mouth referral
6 Questions to Ask before hiring an Advisor
- Who is actually managing my investments?
- What is your track record?
- What is your background?
- Who pays you?
- Can I pay you by the hour?
- Are you always legally bound to act in my best inererest?
These questions and an advisor’s answers will give you a good idea of which financial advisor to work with.
Financial Advisors for pharmacists
- YFP Planning: Tim Baker, CFP
- Pharmacist Wealth: Renee Bonsell, Registered Investment Advisor
- PharmD Financial Planning: Derek Delaney, CFP®, ChFC®, EA, CSLP
*Note: The links provided above are not affiliate links, I have no relationships with the above-referenced financial advisors. This list is for your convenience only and I hope you’ll find them helpful.
While these guys are not financial advisors, they provide fee-based financial coaching that may serve your need.
Financially Free Pharmacist: Fee: $75 per 60-minute session
- Riley Protz, PharmD, MBA
- Addison Pang, PharmD