What Physicians Should Expect of Personal Wealth Managers:
Five Factors to Consider in Today's Volatile Market

By Michael A. Cano and Chris Busby

In a world of volatile stock markets and increasing challenges to the medical profession as a whole, many physicians—regardless of their income—lack the necessary time or information needed to achieve and maintain long-term financial well-being for themselves and their families. If, as a physician, you want to ensure that you and your family are financially taken care of and able to achieve your major life goals, it makes eminent sense for you to work with a qualified wealth manager, that is, not just any stockbroker or financial advisor, but a personal wealth manager who will serve as your family's dedicated chief financial officer. Such a personal wealth manager will offer you comprehensive, consultative, multi-faceted planning, both thinking through potential problems before they arise and instituting long-term solutions covering not just investments, but insurance, retirement, estate planning, and more. The following five factors or evaluatory criteria should be kept in mind as you seek out the right personal wealth manager to establish a relationship with:

• Your (and your family's) particular needs and expectations;
• The service deliverables the wealth manager and his or her firm will provide;
• The type of practice and firm associated with the wealth manager;
• The type of working relationship you want with your wealth manager; and
• The kind of personal chemistry and connection that you immediately feel—or don't feel—with him or her.

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Physician's Exploratory Guide

Brought to you by:
Cano Wealth Strategies, LLC
&
CFG Wealth Management

The purpose of this exploratory guide is to help you identify a personal wealth manager that can provide solutions to help protect what you have worked so hard to achieve.

This process should assist in reducing the amount of time that would normally be required to find the appropriate individual and firm. Before making any formal commitments or even if you are reconsidering your current arrangement there are five key factors to consider when evaluating a personal wealth manager;

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Physicians Wealth Protection Checklist

Presented by Cano Wealth Strategies, LLC

In our litigious society, wealth protection is a top priority for many business owners and medical professionals who wish to protect their business and personal assets from exposure to risk. Most businesses can be structured to isolate liability risks, but personal assets can be more challenging to protect. Three basic strategies involve the use of insurance, statutory protection, and asset titling, with insurance as the first line of defense. You may need more sophisticated planning involving trusts and other entities depending on your personal situation.