Financial Planning for Dermatologists

Dermatologists often have a better work-life balance than many specialists, and good income, but their financial lives can still get complicated. Proceeds from a private-equity sale, rollover equity, cosmetic profit distributions, and a dual-physician household all call for a coordinated plan. Physician Planning Partners is an introduction service. We connect dermatologists with independent financial professionals we select to partner with.

Situations dermatologists bring to a financial professional

• After a PE transaction. You may suddenly have a large cash payment, illiquid rollover equity, and a lower salary under a new employment agreement. Planning how to invest, spend, and pay taxes on those proceeds matters.
• Owner versus employed. Practice owners compare retirement plans like cash-balance designs, while employed dermatologists focus on getting the most from their employer's plan.
• Protecting your income. Dermatology depends on fine procedural skill and vision. Own-occupation disability coverage is a common topic, especially for Mohs surgeons.
• Household complexity. Many dermatologists are part of a two-physician couple, with two sets of benefits, student loans, and insurance to coordinate.

What a financial plan often includes

1. Cash flow and savings targets.
2. Insurance review covering disability, life, and umbrella liability coverage.
3. Retirement plan strategy, coordinated with your CPA.
4. An investment approach that fits your goals and risk tolerance.
5. A plan for concentrated or illiquid holdings, such as platform equity.

The professionals we introduce are independent and responsible for their own advice, licensing, and fees. Ask how they're paid and whether they act as a fiduciary.

Questions to ask a financial professional

• Do you act as a fiduciary at all times?
• How are you paid, through flat fees, a percentage of assets, or commissions?
• How many dermatologists or physicians who have sold to PE do you work with?
• How will you coordinate with my CPA and estate attorney?

How the introduction works

1. Tell us your career stage and what you want to accomplish.
2. We suggest an independent financial professional we partner with.
3. You meet them directly. There's no obligation.

Frequently asked questions

Do you manage investments?

No. Physician Planning Partners isn't a registered investment adviser or broker-dealer. We introduce you to independent professionals who are licensed.

I just received PE sale proceeds. Where do I start?

Many physicians meet with a CPA and a financial professional together before making big decisions. We can introduce both.

Is this only for practice owners?

No. Employed and early-career dermatologists have planning needs too, like student loans, benefits, and saving for a first home.

What does the introduction cost?

Nothing. We may receive compensation from partner businesses, as described in our disclaimer.

Physician Planning Partners is an introduction service, not an investment adviser, and this page is general information, not financial advice. See our disclaimer.