Market Involvement

Allison & Perry have given numerous educational presentations to hospitals, residency programs, dental schools and veterinary schools throughout Maryland, DC and Virginia. These seminars cover topics such as the Fundamentals of Financial Planning, Debt Management for Doctors, Principals of Investing and Retirement Income Strategies.

Our Clients

Allison & Perry are passionate about helping medical professionals, both in training and in practice, plan for and overcome the challenges unique to their profession. Many of their clients are concerned with:

• Excessive student and personal debt in the beginning of their careers
• Balancing Debt Repayment with Wealth Accumulation
• Limitations on the time available to devote to financial matters
• Building wealth
• Establishing or joining a professional practice
• Protecting income and families
• Higher potential for professional and personal liability to personal and business assets
• Complex tax planning issues and higher than average tax liability*

Our Process

Allison & Perry offer a complimentary, no cost or obligation, consultation to all prospective clients. This consultation gives both the client and the advisor(s) the opportunity to get to know each other better and determine if it makes sense to move forward working together. During the meeting the advisor(s) will review the different relationship options available for working with clients. Whether it’s simply a product you’d like help securing (i.e. life, disability or long-term care insurance or fee-based asset management) or a service you’re seeking (i.e. financial planning) the team of professionals at FAA is committed to providing genuine advice and exceptional service.

Working with Residents/Dental Students/Veterinary Students

Generally, we meet with those in training to start building a relationship and offer financial assistance to help manage cash flows and create a debt repayment plan. Additionally, for those who are ready to move forward in securing disability insurance and/or setting up retirement strategies – we’ll assist with those services and be compensated accordingly.

Working with Those Finishing Training or Already in Practice

For those who’ve just signed their first big contract, as well as those who have been practicing for years – we generally suggest initiating the relationship by completing a product-neutral financial plan (for a fee) to review every aspect of your financial situation. The financial planning process is a series of meetings that covers the following topics:

• Current Financial Position & Cash Flows
• Debt Repayment Planning
• Insurance Coverage
• Investment Analysis
• Retirement Planning
• Tax Planning*
• Estate Planning

The financial plan outlines where you’re headed based on your current habits, as well as an action plan for improving your financial position moving forward. Additionally, you’ll receive one year’s access to financial planning tool, eMoney, to help track your assets, expenses, and net worth going forward.

Completing the financial plan is a great first step, but it doesn’t hold much weight until the recommendations have been implemented.** As your financial advisors, Allison & Perry will follow up with you to ensure the necessary steps are taken to help achieve the goals you have outlined for yourself. Additionally, we’ll be available to meet with you throughout the year to review your progress financially, and address the changes (personally and/or professionally) that may affect your financial situation and priorities going forward.

*This should not be considered as specific tax or legal advice. Consult a qualified tax or legal professional regarding your individual situation.

**Separate from the financial plan and our role as financial planner, we may recommend the purchase of specific investment or insurance products or accounts. These product recommendations are not part of the financial plan and you are under no obligation to follow them.