SITUATION:   Owning his own practice for 5 years, Dr. Jones, an orthopedic surgeon, thought he built a very successful practice, but did not understand why he did amass greater wealth looking at his tax returns.  His CPA never proactively assisted him or answered his questions. After some thought, he recognized that he needed someone to…(Read More)

SITUATION:  In late 2014, an existing client founded a management consultancy firm specializing in bio-pharmaceuticals.   In six months, the firm was financially strong, and was seeking ways to minimize  exposure on their taxable business income.   Our client’s tax professional who specialized in self-employed professionals only knew about SEP IRAs.   Thus, our client…(Read More)

SITUATION:   Since 2000, a successful independent technology consultant had his retirement investments managed by another investment advisor who acted as investment manager.   Every year, the consultant had been informed by this investment advisor that his IRA assets had been doubling every 7 years, but in early 2014, the consultant started to question that premise.   He…(Read More)

SITUATION:    An orthodontist founded his own dental practice in 2004, and soon after, established a 401k profit sharing plan.   Over time he started to learn about ERISA fiduciary responsibilities and soon realized that he may not have been fulfilling all duties as the plan sponsor/administrator of his 10-participant retirement plan. He decided to…(Read More)

SITUATION:    After selling his private dental practice in 1999, Dr. Smith, a periodontics, amassed a significant amount of liquid wealth spread across multiple investment and retirement accounts.    In 2003, he recognized that he needed someone to help him invest his retirement nest egg with the objective of maintaining his pre-retirement lifestyle even if he…(Read More)