FINANCIAL ADVISOR FOR PHYSICIANS
Tenet Wealth Partners is a fiduciary financial advisor for physicians, offering specialized financial planning for medical professionals—retirement, investments, tax planning, insurance, & legacy planning.
Financial Planning and Financial Services for Physicians in Central Illinois.
Physicians face unique financial challenges—from managing high student debt and asset protection risks to navigating higher tax brackets and planning for retirement.
At Tenet Wealth Partners, our team of fiduciary financial advisors specialize in serving physicians with comprehensive financial planning services designed around your profession.
Based in Champaign-Urbana and serving physicians across Central Illinois and nationwide, we help you maximize after-tax wealth, protect your assets, and create a plan that supports your personal and professional goals.
Cash flow planning – Whether you are a new resident or early-career physician managing student loans, or an established doctor looking to maximize and build their wealth, we design personalized cash flow strategies. Our plans help you balance saving for the future with debt reduction strategies so that you are positioned for both short-term stability and long-term success.
Tax-efficient investment management – Our team will proactively manage portfolios in a tax-optimized manner, using strategies such as tax-loss harvesting, asset location, and direct indexing to maximize after-tax returns. Our approach helps physicians keep more of what they earn, while making sure your portfolios remain aligned with your risk tolerance, goals, and overall financial picture.
Strategic Tax planning – Physicians are often aced with both the opportunity and challenge of high taxable incomes. Given this complexity, we help you identify strategies to reduce your income tax burden, both through the use of our advanced tax planning software as well as coordinating directly with your tax professional.
Estate Planning & Wealth Transfer – Our team will help ensure your wishes are honored and your legacy goals are supported. We will review existing estate documents, gifting strategies, beneficiary designations, and account titling in coordination with your estate attorney. Our goal is to integrate your legacy wishes seamlessly into your overall financial plan.
Asset Protection & Risk Management – Asset protection is essential for physicians. We will review your existing life, long-term care, and disability coverage to verify that you have sufficient protection that is best for you. Given our partnerships with independent insurance firms, we will help ensure that you have the best solutions and are not overpaying for these protections.
Retirement Planning – We know that every physician has a different retirement goal as well as different timelines. We will help create a custom, comprehensive retirement plan to help identify the ideal amount to save during the accumulation phase, including the types of accounts to utilize such as 401k’s, IRAs, Roth IRAs, and HSAs. As you approach retirement, we can also help design a personalized and tax-efficient distribution plan that suits your specific needs and lifestyle goals.
Charitable Giving – For those charitably inclined, we can help you create a philanthropic giving plan to support the non-profits you most care about. This can include direct giving as well as strategic gifting through different vehicles, such as Qualified Charitable Distributions (QCDs) from IRAs, Donor Advised Funds (DAFs), or Private Foundations.