Client Case Studies

Physicians – Mary, the Endovascular Surgeon

Mary wears a multitude of hats - still practicing clinically as a surgeon, where owns her own medical practice and manages a staff of nine, she is also a part owner of an ambulatory surgery center and guest lecturers at a local university hospital. Mary needed an advisory firm that she could trust not only to expertly manage her portfolio, but one that could work with her to ensure her other financial affairs were optimally conducted given the time-constricted nature of her profession. She needed an advisory firm that was both proactive and responsive and, critically for Mary, would thoughtfully consider her multiple streams of income and coordinate with her CPA to ensure a well-vetted approach to systematically limit her tax liabilities.

She had worked in the past with a well-known brokerage company that placed their emphasis on the conventional Wall Street-isms of “timing and selection” trying to pick certain mutual funds and individual stocks that would be the best performers, rather than proactively resolving wealth management issues and implementing a tax-efficient, scientifically engineered, investment policy aligning her resources with her goals. This arrangement had made it nearly impossible to develop the type of strong relationship with a trusted advisor that she sought.

Of particular concern for Mary was the risk that if she were no longer able to perform surgery, she would be unable to support her family int their desired lifestyle. To remedy this, we helped Mary implement an Own Occupation Disability Income Insurance policy to ensure that she and her wife would be well taken care of even if Mary could no longer perform surgeries.

After working with Rockwood for many years, Mary has slowly taken off some of her proverbial hats and enjoys the flexibility of being able to do as much guest lecturing as she likes and while being the Chairperson of her favorite organizations (both Charitable and Professional).