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Financial Intermediary
Learn about asset management solutions designed for Retirement Plan Advisors, TAMPs/Outsourcing Providers, Subadvisory Program Sponsors, RIAs/Financial Advisors and Trust Institutions.
Learn about asset management solutions including: global index management, active equity and fixed income, target retirement date funds, and manager of manager programs.
Get answers to your investment challenges with asset management capabilities including alternatives, exchange traded funds, fixed income, mutual funds and tax-advantaged equity.
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Medical Professional


Longstanding advisor to physicians and their practices

Solutions for Medical ProfessionalsAs a physician in a successful medical practice, your time is valuable. Northern Trust can work with you to manage intricate compensation packages and personal financial issues, putting a strategic financial plan in place that helps meet your needs today, and well into the future.

You may also need assistance for your practice. For example, an asset protection strategy to shield your personal finances from litigation; or assistance with working capital, commercial real estate, equipment and expansion solutions, and more.

Benefit from a financial services provider that understands the risks and rewards of your profession and can provide sophisticated, convenient financial services to help you meet your life's goals.

We are a longstanding, trusted advisor to the medical community. Count on us to help you meet your financial needs, personal and professional.

The Situation

Our client, a busy physician, came to us to discuss his medical practice, which employed 80 professionals including doctors, nurses and administrative staff. While the practice was profitable, he was concerned that it might be at risk due to cash flow challenges.

Customized, integrated solutions

We immediately put in place a working capital line of credit for the practice to create liquidity as needed. We also set up a customized line of credit to cover short-term cash flow gaps. During our discussions, we learned that the medical practice was co-owned with another physician and that no plans were in place to deal with an early death of either partner. Our financial professionals helped with: 

  • Developing a buy-sell agreement for the practice and selecting the appropriate life insurance funding vehicle.
  • Updating the client’s estate plan with his attorney, to provide for his children from a previous marriage and to establish a Delaware Trust for asset protection purposes
Based on the positive experience the doctor had with our servicing of his Delaware Trust and the advisory expertise his team provided, the client came back to us several years later when he sold his practice. He was approaching retirement and was looking for help prioritizing his goals and preserving his wealth. We worked with him to develop an investment strategy and a wealth transfer plan intended to help maintain his current lifestyle while protecting the future security of his family — allowing him to focus on his retirement dreams.