Physicians Partner With Me To Connect Their Financial Resources With Their Hopes For The Future
Our Unique Flat-Fee Pricing Model Is A Game Changer For Physicians
You worked incredibly hard in med school and residency. Now you are finally earning a substantial income as a physician. It's important to understand that as a physician, you can be a target for financial advisors who want to charge you astronomical financial planning fees simply because they know you can afford to pay them. At HCP Wealth Planning, we believe the fees you pay should be based on the service you actually receive, not your job title or how much you can afford to pay.
For an affordable one-time fee, you can get a custom, comprehensive financial plan from a fiduciary CFP® who truly understands the unique planning needs of a physician. We are confident you won't find another advisor who will take a more thorough approach to helping you build a foundation of financial well-being. This planning engagement consists of multiple meetings to create a comprehensive plan that we help you implement.
All Physician Financial Planning Packages Include The Following:
Organize And Track Your Financial Life
As a physician, it can be hard to juggle and keep track of everything you have going on in your financial life. The first part of our process is to help you organize your entire financial life on a personalized financial portal which will enable you to digitally track your bank and investment accounts, spending, and progress towards goals. You will also have access to a secure digital vault where you can upload and save any document that is important to you.
Allocate Your Excess Cash Flow
You may have a substantial amount of disposal income but how do you decide exactly where to allocate that among all of your competing financial goals? Based on a thorough review of your finances and your priorities, will help you determine exactly how much excess cash flow you have and tell you exactly where to allocate it. So you can be sure every hard-earned dollar has a purpose.
Pay Off Student Loan Debt
As Certified Student Loan Professionals®, we are experts in student loan debt strategies. Most Physicians are saddled with over 6 figures in student loan debt. We can help you navigate the world of Income-Driven Plans, PSLF, and refinancing so you can be confident that you have chosen the optimal strategy that saves you the most money. *Ask us about how our clients can receive a .50% discount on student loan refinancing rates
Evaluate Your Insurance Needs
Don't worry, as fee-only financial advisors we don't sell products and we don't receive any compensation or referral fees from any third parties. We do thoroughly evaluate your current insurance coverage and tell if you have enough, or if you are paying too much for life, disability, malpractice, home, auto, and umbrella. If you like, we can refer you to reputable, independent agents who can help you shop for coverage.
Investment Strategy
- We calculate exactly how much to save in which types of accounts
- Specific Asset allocation and portolio recommendations
- Unbiased rollover advice
- Unbiased 401(k) and 403(b) plan reviews
Flexible Scheduling
We understand not all physicians work a typical nine to five. So all of our meetings are conducted remotely via video conference and we make ourselves available outside of "bankers hours". We pledge to respond to any communications from you within 24 hours, even if its the weekend.
Get Free Ongoing Access To This State Of The Art Financial Portal That Will Change The Way You Manage Your Financial Life
Meet Kevin Burkle, CFP®
Proud Member of: The Financial Planning Association, and The XY Planning Network
Kevin Burkle, CFP®, is the founder and lead financial planner of HCP Wealth. He is a millennial himself and has a soft spot for his generation of healthcare professionals since he is the son of a nurse and pharmacist, and is married to a nurse. He knows first hand the unique challenges that young physicians face when it comes to building wealth and protecting their family and assets. He is on a mission to make truly comprehensive, unbiased financial advice available to physicians, at a reasonable price.
Learn More About Kevin Burkle
How It Works
Over the years I have perfected a planning experience that takes the complicated process of early retirement planning and makes it feel simple. My planning experience generally consists of three to four remote video meetings over the course of one to two months. Upon completion of our engagement you will receive a summary investment and withdrawal strategy document, and free, ongoing access to my planning software.
Step 1: Complimentary Video Meeting
I'll share my screen so I can provide a live tour of my planning process, the tools and software we would use, and the outputs you would receive.
Step 2: Organize Your Financial Life And Create A Detailed Roadmap For Your Financial Future
Using my custom, easy-to-use digital template, we will organize your entire financial life in a state-of-the-art personal financial portal that will give you 24/7 access to keep track of your financial plan and progress in real time.
Step 3: First Official Meeting
We will discuss all the other things in live that will impact you from a cash flow perspective so we can make sure they are properly accounted for and you don't have any blind spots. I've had this meeting so many times that I have a whole list of things I know to ask about so we can fill in all the data gaps.
Step 4: I build your planning scenarios
I'll get to work on formulating all my advice and recommendations, and creating various planning scenarios.
Step 5: 2nd Meeting
We will review the plans for the first time and talk through any changes you want to see modeled in
Step 6: Receive my written strategy guide
I will send you a written strategy guide that details exactly how you should be saving and investing
Step 7: Meeting 3: Implementation
This is where we work together to implement any advice I give that is actionable in the present
*Bonus: Free Ongoing Access To The Tools You Need To Stay On Track
At this point, we've worked really hard to organize your financial life and create a roadmap for your future, so I don't want you to lose access to all of it. This last step is partly what separates me from a lot of other hourly or project plan advisors. Upon completion of our engagement:
- You will be granted free, ongoing access to your personalized financial portal. This means you can continue to leverage the budgeting tool, track your account balances, investments, net worth, and update your income, savings, and goals so you can see how those changes impact your projected lifestyle moving forward.
- Through the portal and app, you will receive reminders throughout the year to review various aspects of your financial life. These reminders include educational content so you can learn to do this without having to pay for another financial advisor engagement.
- You will also have access to your secure digital vault where all your important documents can be safely stored for your loved ones to access in case something happens to you.
All-Inclusive Pricing
Couples: $3000 Billed As $500/Month for Six Months
Individuals: $2550 Billed as $425/Month For Six Months
That's it. There are no other hidden fees or expenses.
*I typically increase my pricing each January to keep up with the annual increases I have to pay for my business expenses, including my financial planning software. Anyone who has not signed my digital agreement by then will be charged the new rate.
How do you pay it?
Your fee gets billed as six, equal monthly payments. The first payment isn't due until one month after signing the client agreement. You can choose to pay via secure, electronic funds transfers out of your bank account, or via credit card. There is no extra charge to use a credit card so most people choose this option to collect rewards points.
Don't Settle For An AUM Fee That Is Riddled With Conflicts Of Interest
Unlike most other firms, we are a flat-fee only firm. This means your fees don't increase just because your portfolio does. Click the above link to find out why this is model does a better job of putting your best interests first than the industry standard assets under management (AUM) fee.
- For our "By the Gig" plans, we charge a flat fee of $1800 which can be divided into 6 equal monthly payments of $300. While this price is below the national average of advisor fees for this type of project planning, our client experience is anything but average.
- For our "Unlimited" Plans, we charge a flat fee $325 per month. We challenge you to find any other firm who provides a client experience that is as thorough and personalized as ours, at a lower price.
Schedule a Free Initial Consultation And Live Video Tour Of Our Client Experience
Even if you decide you aren't ready to partner with us, we will provide with you with some actionable tips to help you improve your financial life.