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Financial Planning for Medical Professionals in Melbourne

Delivering the best possible financial health to those who care

Whether you're just starting your medical journey or are an experienced practitioner, your financial needs are as unique as your profession. ActOn Wealth understands the distinct challenges and opportunities you face and is dedicated to ensuring your financial health thrives. As trusted Melbourne financial planners, we bring the same level of expertise to your wealth management that you bring to your patients’ wellbeing. With the right advice, we can help you achieve transformative, life-changing results.

 
Build your wealth with experts in financial wellbeing for healthcare providers.

Medical Professionals We Assist

ActOn Wealth can provide specialist advice to medical professionals across most areas, including but not limited to:
  • Doctors
  • Dentists
  • Surgeons
  • Anaethetists
  • Nurses
  • Chiropractors
  • Physiotherapists
  • Radiologists
  • Occupational therapists
  • Psychologists
  • Psychiatrists
  • Medical laboratory technicians
  • Clinical researchers
  • Medical scientists

Medical Financial Planning Benefits

It doesn’t matter where you are in your career or age, whatever your goals, you stand to benefit from ActOn Wealth’s sound financial planning for medical professionals. Our advice includes how to: 

  • Manage high but variable income.
  • Reduce debt and implement tax-efficient strategies. 
  • Protect assets from potentially crippling legal claims. 
  • Focus on growing your wealth. 
  • Achieve positive work/life balance. 
  • Succession plan. 

Financial Planning for Doctors - Our Specialist Services

Medical professionals typically face financial scenarios that are quite unique.

Cashflow and Budget 

Australian medical practitioners typically have high income earning capacity. However, insurance, professional memberships and licencing, specialist certification and training, ongoing professional development, and even setting up one’s own practice can create significant expenses. Irrespective of your financial earning capacity, growing wealth begins with cashflow and budget management, an area in which our Melbourne financial advisors excel.

Risk Management and Insurance

We strongly recommend risk protection insurance to most of our clients. Understanding the insurance market and exploring other options, including Trusts, can help protect your personal assets and manage your wealth growing strategies. We will ensure no stone is left unturned in protecting you and your assets. 

Tax Strategies for Doctors 

You’re likely entering or already in one of Australia’s highest tax-paying brackets. However, there’s every chance you could still be repaying a sizeable student loan as well. Through our tax accountant specialists, we can help ensure compliance, minimise your tax liabilities, and maximise your deductions and return.

Retirement Planning

It might only feel like you graduated yesterday, but time has a way of flying. Retirement planning for physicians is not about closing a chapter, it’s about opening one.
Whether you want to retire ahead of schedule, delay it, or hit it right on time but with plenty to look forward to, our retirement planners are here to help you achieve your financial goals. We’ll consider investment portfolios and balance risk with security to help you prepare for an ultra comfortable retirement. 

Wealth Management and Estate Planning

Building your wealth is rarely just about you. No doubt you want to provide for loved ones around you. 
None of us ever knows what life has in store for us, and it’s never too early to start estate planning. You’ve worked hard to grow your finances and achieve your lifestyle goals. You want to be sure your loved ones are looked after and your assets are properly distributed in the event of your death. 

We lead the way in developing practical wealth-building solutions for Australian healthcare professionals.

Choose ActOn Wealth Financial Advice for Medical Professionals

ActOn Wealth advisors understand the economic dynamics specific to healthcare professionals. Our strategic financial advice extends across all areas, from budget and cashflow management to the most complex asset protection trusts.

As a boutique financial firm in Melbourne, we are not aligned with any third parties and are therefore free to provide impartial advice that is truly within your best interests.

Contact Us About Financial Planning for Medical Professionals

Contact our financial advisers today for a no-cost, no-obligation meeting.

While you excel in your career, we excel in your finances.

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Frequently asked questions

As a medical professional in Australia, you are in a fairly financially unique and privileged situation. Yet you aren ot without significant professional risks. At ActOn Wealth, we specialise in understanding these complexities, helping you mitigate risks while maximising your earning potential to secure a prosperous financial future.

Malpractice claims against healthcare professionals in Australia are, regrettably, commonplace. The perception of medics as high earners with substantial assets often makes them attractive targets for legal action. It is, therefore, imperative to ensure asset protection. This can be achieved by various means, including Trusts or specific business structures. 

 

At ActOn Wealth, we specialise in this niche area for financial planning for medical professionals. We offer considered, researched tailored advice to ensure our clients' wealth is safeguarded against potential legal and financial risks.

ActOn Wealth is a privately owned boutique financial planning firm in Melbourne. Our number one focus is our clients. We strive to provide an exceptional service to help you achieve financial security and prosperity.
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