Helping dentists address their specialized financial needs and concerns

As a dental professional, you are addressing two major priorities simultaneously. On one hand, you are focused on building and growing a successful dental practice. On the other, you want to build your personal wealth and pursue your long-term goals, ultimately achieving financial independence. Each has its own issues that must be addressed. At Tailored Financial Strategies, our experienced team is well-equipped to offer sound financial guidance for both important areas of your life.

Kennie Taylor was a solo-practicing dentist before a car accident prevented him from practicing any longer. It was a trying time, but also a major turning point in his life. He became a financial advisor, and with his firsthand knowledge of the financial needs and concerns of dentists, he knew he could make a difference in their lives. Above all, he knew all too well the consequences of receiving poor financial advice. Therefore, his goal is to help other dentists be prepared for any eventuality. We will seek to match the expertise that enables you to run a successful dental practice.

A dentist who has established his own practice

Case Study

Gerald is a dentist who is confident in his professional knowledge and his ability to treat his patients, but he knows he needs guidance when it comes to the many financial issues that come with running a successful practice, as well as managing his personal financial matters.

What we would do

Our team would meet with Gerald to gain a good understanding of his needs and goals, both in his professional life as well as his personal life. The comprehensive plan we develop for him would include lending strategies to help him purchase equipment and give him the liquidity he needs to manage his practice’s cash flow, and a company retirement plan to help him fund his own retirement and offer an important benefit to his loyal staff. We would also help him choose liability and disability insurance to help protect him from unexpected events.

For his personal life, we would have a strategy designed to help him pursue his goals for growing his investment portfolio and preserving his wealth. We would serve as his financial partner for life, so when the time came to hang up his shingle, he would have a solid exit strategy in place and guidance for efficiently transferring wealth from his practice to his personal life.

This case study is for illustrative purposes only. Individual cases will vary. Any information is not a complete summary or statement of all available data necessary for making an investment decision and does not constitute a recommendation. Prior to making any investment decision, you should consult with your financial advisor about your individual situation.