Specialists with Medical Practitioners
Since 2002, ProSolution Private Clients has developed a detailed understanding of the unique needs of medical and dental practitioners.
There are a number of finance companies which specialise in the commercial finance aspect of operating a private medical practice. However, we have focused our attention on the personal aspects of medical practitioners' financial affairs. With a detailed understanding of income structures and arrangements within the medical and dental industries, we are able to achieve fantastic Wealth & Debt Advisory outcomes for our clients, including:
- Detailed understanding of tax effective business structures and wealth accumulation strategies tailored to the medical industry. We can work in concert with your existing accountant to ensure you are (legally) minimising your tax and maximising your wealth
- Risk management and mitigation advice including key man insurance and buy sell agreements (particularly for practices with principal medical practitioners)
- We are experts in residential property which is important given many medical practitioners hold residential investment properties. We make sure you have the right properties, to maximise your wealth
- We use our buying power and reputation to negotiate superior lending arrangements including interest rates
- Obtaining waivers of Lenders Mortgage Insurance which can save tens of thousands of dollars (applicable when borrowing more than 80% of a property's value)
In regards to Wealth Advisory, we do not accept commissions which results in significant savings. For example, the risk insurance premiums we can obtain are often 25% lower than insurance arranged via a financial planner that does accept commissions.
We have continually supported the dental and medical industries through advertising and sponsorship. If you would like us to support an advertising or event opportunity, please contact our Melbourne office.
