Choosing the right financial planner
Residency Program Insider, May 27, 2016
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Half of young physicians choose not to seek help with financial planning but a recent report by AMA Insurance, in collaboration with Jerry Moran, a senior wealth strategist with the Millennium Brokerage Group, found that those with financial advisers felt more confident and better prepared for retirement.
Young physicians cite the cost, a lack of time, and not being able to find someone they trust as reasons for not using financial advisers. In the report, Moran provided the following tips to help physicians find the right financial advisers:
• Get at least three referrals from colleagues
• Conduct interviews with prospective advisers
• Conduct a Financial Industry Regulatory Authority check on prospective advisers to check their certifications, employment history, and complaints
Source: AMA Wire
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