Advisor Banned By FINRA for bad OBA and R.E. deals with NFL Players

A former financial advisor who cost a group of NFL players $43 million by steering them into a bum casino investment and other bad deals including real estate deals he took a peice of has been banned from the securities industry. See the story: http://www.fa-mag.com/news/advisor-barred-from-industry-for-bilking-nfl-players-13600.html?section=43 I wish I could say this was unusual, it’s not. […]

The Physician’s (and Business Owner’s) Simple Asset Protection Self-Exam

Several readers have contacted me with a similar question after reading many of the discussions featured here. Though phrased in different ways, the question is essentially this: How can I quickly figure out what I have exposed at any given time? I’ve provided a simple start to answering this question for you below. It will […]

Beyond Pie Charts: Three Vital Year-End Financial Planning Questions for Doctors

The complexity of the current business environment and economy can easily feel overwhelming to many medical professionals. As we’ve discussed in previous articles, asset protection and wealth preservation planning for doctors is not just about litigation and must include a holistic balance of legal, financial, tax, and insurance planning. My work with some of the […]

Common Fatal Mistakes in Doctor’s and Dentist’s Disability Insurance Claims – Asset Protection

Why Is It So Hard to Collect on My Disability Insurance Policy? Avoiding Mistakes When Filing a Claim I don’t sell life insurance, but part of the education I provide all clients is the value and limits of the policies they have in place. I have previously covered the use of various kinds of insurance […]

Physicians Facing Increased Risk as Investment Fraud Targets

Ike Devji, J.D. The amount of fraud targeting doctors is increasing daily as they, like everyone else, are feeling the pinch of current economic conditions, decreasing compensation and stalled or negative investment momentum. Those of us in legal and financial professions know that markets are primarily motivated by fear and greed, meaning fear of loss […]

Two Types of Liability Insurance Your Practice Needs (and likely lacks)

To address two common exposures that are often overlooked and important in protecting your business against a potential lawsuit;  employment practices liability and cyber liability, I turned to insurance expert Aaron Stauss at Gilbert Insurance  for some details on how you can be protected. If you have employees, a website, or your business works with or stores […]

PROFIT RETENTION STRATEGIES FOR MEDICAL PRACTICES –

  IT’S NOT JUST WHAT YOU MAKE; IT’S ALSO WHAT YOU KEEP.  With the economic impact of the new healthcare laws and the President’s final 2011 budget uncertain, practice owners and managers would be well served to focus their attention at this time on profit retention strategies. The thousands of doctors we serve are facing […]