When it comes to financial planning, physicians have different concerns that most individuals.
With the economic stress posed by a complicated and an unpredictable health-care system, more physicians may be discovering that they are behind where they would hope to be in retirement planning and financial planning. Thus, when it comes to financial planning, physicians have different concerns that most individuals.
For instance, physicians enter the workforce at a much later stage in life (up to a decade later in most circumstances). They are faced with making important financial, career and life planning decisions at a time when they have fewer income-producing years than their nonmedical contemporaries. Although practicing physicians earn top dollars, yet, this high income does not reliably translate to a higher net worth and the freedom wealth buys.
These circumstances require a well-defined plan, tailored to the measurement of each individual, and for that reason, singular wealth management may answer these needs.
Singular Wealth Management is not for everyone; not meant to be. It is for investors who are not seeking a conventional view of asset allocation; not seeking to utilizing ready to go templates, tweaking them here and there and calling this a “customized” solution. Singular wealth management is a practice absent of templates, absent of cookie cutter solutions; a practice focused exclusively on singular needs. This strategy is not for those who are looking to be average, but those who are interested in seeing the bigger picture.
There are two general schools of thought regarding the way financial planning is conducted; cash flow orientation which is sometimes known as the client centered approach and goal-based planning which focuses on money management techniques by identifying the specific funding liability of each goal. When creating a financial plan and building client’s portfolio, my focus distinguishes between client’s objective risk vs the subjective risk, and so, the ‘no templates’ approach becomes a material factor. For example, ‘subjective risk’ considers the investor’s attitudes and past experience with investments, while ‘objective risk’ looks at investors risk capacity rather than the willingness to engage in something in which outcomes may potentially be negative. ‘Objective risk’ can be viewed as financial capacity and ‘subjective risk” as emotional capacity in participating in the ups and downs of the markets. Utilizing ‘Probability of success analysis’ provides a valuable perspective for both.
Clients want to put their trust in an advisor who has extensive experience in managing wealth.
In the increasingly complex world, financial markets like economic data to be simple. Therefore, cutting out the noise, and translating the Wall Street Jargon into usable information, is part of this engagement. The first step starts with a conversation, to understand your situation, your values and your priorities. We will create a plan aligning your assets with your goals. We will walk you through a range of issues you may face during the wealth accumulation phase and the wealth distribution phase and will help you in understanding your probability of success. As our relationships evolves and you share with us what you want to personally accomplish with your wealth, we will provide thoughtful advice about issues you expect to face – and the ones you won’t see coming. After all, you can’t see through your blind spots alone.
Ada Saper, SVP, Senior Portfolio Manager is a Wealth Advisor at UBS Financial Services, Inc. As a veteran of financial services industry, since 1994, Ada has been through multiple bull and bear markets. This experience has proven invaluable in managing clients’ assets. Ada is a host and sponsor of continuing education for Certified Public Accountant and has been recognized as UBS Director’s Club Member several times. Since 2020, Ada was nominated as Forbes Top Women Wealth Advisors.To get started your singular engagement, please request a one-on-one session, in person or digital at email@example.com
As a firm providing wealth management services to clients, UBS Financial Services Inc. offers both investment advisory services and brokerage services, which are separate and distinct, differ in material ways and governed by different laws and separate contracts. For more information visit ubs.com/workingwithus. In providing financial planning services, we may act as a broker-dealer or investment adviser, depending on whether we charge a fee for the service. The nature and scope of the services are detailed in the documents and reports provided to clients as part of the service. Financial planning does not alter or modify in any way a client’s existing account(s) or the terms and conditions of any account agreements they may have with UBS.
Review Code: IS2200773