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Our Services
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There are many organizations you work with and rely upon in order to remain focused on your practice and be successful. Among others, these are: retirement planners/investment advisors, insurance providers, tax accountants, business consultants, and attorneys. Doctorwealth.com LLC SM offers these services directly as well as via relationships with local partner companies. Doctorwealth.com LLC SM also offers the ability to work closely with your existing Tax Accountant, Estate Planner, Insurance Specialist, or other business-supporting professional. Doctorwealth.com LLC SM believes these core support organizations should work as closely as possible to maximize the benefit to you, the client.
 Company Retirement Plan
We can show you how to legally skew much more of the practice employer contributions to owners and perhaps other key employees i.e., Practice Administrators. Practices that are both small & young may benefit from SEP & SIMPLE plans, but more frequently, practice owners benefit from New Comparability Profit Sharing Plans, sometimes integrated with a 401(k). We will work with the owners and any other advisors you may have to understand the needs and wishes of the practice, then design and implement an efficient plan. Doctorwealth.com LLC SM will review your current plans and the current costs involved: advisor fees, commissions, hidden fees, fund fees, trading costs, TPA fees, CPA fees.
In working with clients to design a company retirement plan, we will also advise the practice owners about any possible ERISA problems. For example, you may not be aware that ERISA guidelines mandate that qualified plans must have an independent plan advisor. So if your current plan provider is affiliated in any form with a brokerage, mutual fund, bank, or insurance company, you may have a situation where your current plan advisor is not fully independent in ERISA's view. The reason for this rule is to avoid situations where plan advisors are responsible for regular review of performance data but receive the data from the product provider (bank, brokerage, mutual fund). Clearly this is not an independent audit. Doctorwealth.com LLC SM is able to function as an independent plan advisor and in a fiduciary capacity because we are not affiliated with any other organization.
Financial Planning
Doctorwealth.com LLC SM will work with you to develop a financial plan and Investment Policy Statement. Depending on your needs and goals, we may work with you to develop a financial plan ranging from a basic financial plan to a comprehensive plan with consideration given to tax management, estate planning, philanthropy, educational planning, and insurance. Individual financial plans range in price from $2000 to $5000 and depend on the scope and complexity of the client’s individual situation.
Asset Management
Doctorwealth.com LLC SM will manage your personal taxable investment account assets as well provide advice on managing those assets in your company profit sharing plan or 401(k). We do this on a fee basis that is related to the assets under management. The fee per investable asset gradually reduces as the account size grows. The fee structure is not disclosed here, but may be obtained by calling our office at 919 654 7321.
Insurance Advisory
Rather than sell commission-based insurance products to our clients, we feel our clients are best served by our independent review of their needs and current policies, then suggesting either a local Insurance representative or website. The Insurance industry has been going through tremendous change recently and is now efficient at offering low cost instruments via online service. We feel that this inexpensive online service, supported by our professional advice offers the best combination of independent advice and low-cost products. Doctorwealth.com LLC SM will incorporate an insurance review as part of a comprehensive financial plan.
College Savings Plans
Doctorwealth.com LLC SM will work with you to educate you on the costs associated with post secondary education savings as well as loan programs available to you. We will help you select a state sponsored account (if applicable) and advise you on funding the account tax efficiently. Doctorwealth.com LLC SM provides this service at no charge for clients.
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Disclosure
Doctorwealth.com SM, LLC (DWC) is a Registered Investment Advisory firm located in Cary, North Carolina. We do not provide investment advice from this website. The website is intended to provide general information about our services. The website provides copies of articles we have published and retained copyright. Advice is only provided when:
1. We provide a disclosure statement to the client.
2. Execution of Engagement Agreement, Investment Advisory Agreement, and Asset Management Agreement is done.
3. Payment of a planning or investment advisory fee is received.
DWC will conduct business in states where it is registered. DWC will provide a copy of our fee schedule upon written request. We make no representation for the accuracy of information provided on sites linked to our website.
DWC uses Ameritrade for custody and brokerage services. DWC receives no remuneration from Ameritrade indirectly for services provided to clients. All fees (custody, trading, any other) charged by Ameritrade on the client’s account are direct, and in no way involve DWC. DWC will not have custody and will not have discretion of client assets.
DWC may recommend Mutual Funds from Dimensional Fund Advisors (DFA). DWC receives no remuneration whatsoever from DFA. DWC is in no way affiliated with DFA. Doctorwealth.com LLC is owned by Triangle Wealth Management LLC.
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