A financial planning company in Salt Lake City is offering investment planning and tax strategies to local physicians.
-- Tencap Wealth Coaching has announced a specialized financial advisory service aimed at practicing physicians in Salt Lake City and other cities in Utah. The service was conceived to address the knowledge gap in sound financial practices common among healthcare professionals, using principles introduced by a Nobel Prize-winning economist.
More information is available at https://www.tencap.com/services/investment-planning/
A 2024 paper published in the Journal of Risk and Financial Management found that the long-standing belief that healthcare professionals have low financial literacy has merit. The systematic review of 28 studies indicates the "suboptimal" level of financial literacy in both practicing physicians and medical students alike.
"Physicians are highly skilled in their medical specialties, but financial planning requires a different set of expertise. At Tencap, we have consistently found opportunities to optimize and restructure financial plans for physicians, leveraging our decades of experience in financial planning and tax planning. Our specialized knowledge in this area allows us to achieve results that are difficult to attain without professional guidance," says Tencap’s CEO, Joe Griffin. “Tencap has been dedicated to building and securing physicians' wealth for decades.”
"Our expertise in financial planning can help physicians maximize returns and minimize risks. We believe that many in the medical community are paying more in taxes than necessary. Our team is here to assist you in implementing effective tax strategies to reduce your tax burden," Griffin added.
Using principles introduced by Nobel Prize winner Harry Markowitz, the mind behind Modern Portfolio Theory, Tencap Wealth Coaching advises clients on how to effectively optimize their portfolios to balance risk and return while recommending carefully considered adjustments to improve returns without adding significant risk.
Complementing its investment planning offering is a tax planning service designed to create a highly personalized tax plan that considers the client's current lifestyle and long-term retirement goals. Moreover, this service is also intended to protect clients from overpaying federal taxes, an issue Tencap Wealth Coaching has observed to be common among high-earners like physicians.
Furthermore, part and parcel of these services is insurance coaching, which helps clients understand how insurance products impact their overall financial plan. Tencap rarely meets with a physician who has adequate protection. This aspect is a critical component in protecting assets and in succession planning. Tencap leads to ensure financial security for both the client and their family as the former transitions into retirement or exits their practice.
"Your Tencap Wealth Coaching advisor is your partner toward financial growth and protection of assets you've worked so hard to build," Griffin said. "With us, you can rest assured that your financial well-being receives the same level of care that you provide to your patients."
Interested parties who wish to learn more can visit https://www.tencap.com/
Contact Info:
Name: Lindsey Tencap
Email: Send Email
Organization: Tencap Wealth Coaching
Address: 1314 W 11400 S Suite 201, South Jordan, UT 84095, United States
Website: https://www.tencap.com/
Source: NewsNetwork
Release ID: 89156841
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