Assante Wealth Management serves recent retirees, pre-retirees and other clients who want their accounts, debt and practice decisions organized in one understandable plan.
Physicians and dentists often arrive with high income but a late start on saving, student loans and a practice that affects retirement timing. Assante Wealth Management advises clients by video conference and telephone, with a $500,000 minimum in investable assets.
Recent retirees need an income plan they can explain
Recent retirees often have several accounts but no written order for taking income draws. Assante Wealth Management helps organize taxable accounts, IRAs and employer plans around monthly spending, taxes and the timing of required minimum distributions. The aim is a short plan you can explain to your family, not a folder of disconnected recommendations.
A hypothetical physician retires with $1.2 million invested and needs $60,000 each year, or $5,000 each month, before taxes. A first review might separate the spending need from the rest of the portfolio, identify which account can provide the next year of income and record what would trigger a review. It does not promise that investments will hold their value; they can lose value, and you may receive less than you invested.
Assante Wealth Management also checks whether a recent retirement changes the usefulness of tax planning for high earners, investment management for doctors or practice transition planning. Recent retirees may not need a new arrangement if their accounts are already simple, costs are understood and the income plan is written down.
- Match income draws to spending
- Review tax-sensitive account choices
- Keep fewer accounts to monitor
Pre-retirees are still making high-impact choices
Pre-retirees may be earning more than ever while student debt, a practice and retirement savings compete for the same dollars. Assante Wealth Management brings those pieces into one review, including physician financial planning, student loan planning, cash balance plans and tax planning for high earners where they fit the situation.
A hypothetical dentist earns $400,000, owes $200,000 on student loans and has $600,000 invested. If the practice will eventually fund part of retirement, the plan needs two separate questions: how much personal savings must grow, and what practice decision could change that target? Assante Wealth Management would write those assumptions down before suggesting another account or fund.
The shortcut is to ask whether each account has a job. If you cannot explain an account's purpose in one sentence, it deserves review. A cash balance plan may be worth examining for an eligible practice, but setup, funding and tax details can make it a poor fit when income is uneven or retirement is close.
- Estimate the savings gap
- Separate practice and personal decisions
- Choose a short list of accounts
Other clients can still use the same organizing test
Not every client is a physician, dentist or practice owner. Assante Wealth Management also speaks with clients whose main concern is retirement income, investment management or keeping scattered accounts understandable. The firm advises households across the country remotely, and clients can explain their situation through the request form.
Start with three facts: what decision is due, which accounts hold the money and what debt or tax issue could change the choice. Assante Wealth Management then has a practical starting point for deciding whether fewer accounts, fewer funds and a one-page plan would help.
The approach is not a fit for someone who wants a menu of constant trades or a promise of a particular return. Investments can fall, and a simpler arrangement still needs periodic review when income, work or a practice changes.
- Describe the decision deadline
- List the accounts and debts
- Request a written plan
Recent Retirees
Assante Wealth Management helps recent retirees plan monthly income, RMDs from age 73, IRMAA exposure and beneficiary reviews with fewer accounts.
Details →Pre-Retirees
Assante Wealth Management helps pre-retirees test retirement dates, Social Security, health coverage and Roth conversions before age 65.
Details →Frequently asked questions about Assante Wealth Management
What does Assante Wealth Management look at first for physicians and dentists?
Assante Wealth Management starts with the accounts, debts, income and deadlines that affect your decision. The firm serves clients with at least $500,000 in investable assets, and the first discussion can clarify whether a simpler plan fits your situation. You can describe your needs through the request form.
Can I work with Assante Wealth Management if I live outside Philadelphia?
Yes. Assante Wealth Management advises clients remotely by video conference and telephone, so you do not need to live near the Philadelphia office. The firm serves households across the country, while its office is located at 317 South Juniper Street, Philadelphia, PA 19147, United States.
Is a one-page financial plan realistic when I own a practice?
A simpler plan can still include several account types, especially when student debt, a practice and retirement savings overlap. Assante Wealth Management may organize the plan around fewer accounts and funds, then put the decisions on one page. That approach may not fit someone seeking frequent trading or complex investment choices.