Recommended Financial Planners

Need some additional help with your finances? While we are big advocates of DIY investing, we realize that not everyone has the time or interest to manage their own finances. Dat and Aaron are excited to partner with these heavily-vetted, highly-recommended, OD-specific, fee-only financial planners.

Disclosure: Some of the links below are paid sponsors of this website. These recommended resources are heavily vetted and researched by Dat and Aaron. We are extremely selective on who we want as sponsors because your trust in us is so vital for ODsonFinance to succeed. If you have feedback or concerns, please don't hesitate to contact us.

Integrated Planning & Wealth Management


Here at IPWM, we subscribe to a core set of investment principles, largely dictated by the great empirical research done in both academia and at Dimensional Fund Advisors (DFA). Our portfolios, and the funds used in those portfolios, subscribe to a set of rules and principles that guide how we see capital markets and how we believe we can help deliver a great investment experience for our clients.


Our goal for this process is to demonstrate, in plain English, how we can serve you in helping you make the most out of your life with the wealth you have and how we bring simplicity, clarity, and confidence to an otherwise confusing, complicated, and intimidating subject: money.


Who do we serve? As the husband of a practicing optometrist, Adam knows the practice and business landscape of optometry has changed significantly in the recent past. So, too, have the financial implications of being an optometrist.


Before committing your time or ours, this 20 to 30-minute phone call will give us both a chance to make sure your situation matches our expertise. We want to get a vision of your goals, intentions, challenges, and opportunities unique to your situation and circumstances. After all, you wouldn’t schedule testing without a patient inquiry.


Contact: Adam Cmejla CFP at adam@integratedpwm.com for any questions 

 

Hayes Wealth Advisors


Hayes Wealth Advisors is a fee-only advisory firm that helps optometric practice owners and employed ODs build wealth outside their practices through financial planning and investment management. We collaborate with optometrists to develop a customized Personal Wealth Action Plan, which is a roadmap to a successful financial future and covers the following and more:


  • Account and asset positioning
  • Cash flow planning
  • Tax strategies
  • Private sale and private equity practice value and exiting strategies
  • Investment strategy and implementation
  • Retirement planning
  • Risk management review— insurance and estate planning

Owner Natalie Hayes Schmook, MBA, CFP®, CVA®, CEPA grew up in the optometric industry as the daughter and sister of well-known practice management experts. An advisor since 2006, Natalie left her big bank background to apply her planning and investment management skills to the optometric profession.

 


Contact: Natalie Hayes Schmook CFP at  natalie@hayeswealthadvisors.com for any questions 

Related Articles

8 Financial Mistakes that New Optometrists Make

8 Financial Mistakes that New Optometrists Make

The average new optometrist graduates at an average age of 28 year old (significantly behind non-OD peers in terms of income generation), with an average student loan debt of over $220,000+, with little or no retirement investments. Often new grad optometrists find themselves practicing in oversaturated cities and most importantly without any formal financial education. This is the perfect storm that often leaves many doctors mentally overwhelmed and prone to devastating financial mistakes. In this article, we will address 8 common financial mistakes that new OD graduates make and how you can avoid them to be financially successful.

ETFs vs. Index Funds

ETFs vs. Mutual Funds

Wouldn’t that be great if investing was as interesting as a pay-per-view UFC fight? Sadly, this is not the case. Investing is far more boring, and unless you give up a pretty penny, we don’t anticipate Joe Rogan will be providing color commentary on your trades and unrealized gains.However, now that we have your attention with a cheesy two paragraph intro, let’s go through a two minute education on the difference between an ETF and an Index Mutual Fund.

Annual Report 2020

Annual Report: 2020

Well 2020 has surely been a year!  Let’s be honest, we all went into the year 2020 with big expectations – but the so-called Year of the Optometrist had some nasty surprises up its sleeve.  Despite the trials and tribulations that 2020 brought, it also brought important lessons, and the looming importance of financial education…

8 New Year's Financial Resolutions

8 New Year’s Financial Resolutions

KEY POINTS: (1) Max out Your Roth IRA Early (2) Automate Your Savings (3) Make Sure You Have an Adequate 3-6 months Emergency Fund (4) Create a Budget…or a Spending Plan (5) Set an End of the Year Net Worth Goal (6) Re-evaluate Your Insurances (7) Plan for Expenses, and Fun! (8) Get Professional Help…

What is Tax Loss Harvesting and How Can It Help Me_

What is Tax Loss Harvesting and How Can It Help Me?

What is Tax Loss Harvesting? With tax loss harvesting (TLH) the concept is simple – sell your investments at a loss to reduce your tax liability.  In the realm of tax loss harvesting you can “harvest” your losses and utilize them to: How Does Tax Loss Harvesting Work? What is the Wash-Sale Rule? In an…

Comparison Retirement & IRS Limits

2020-2021 Comparison Retirement & IRS Limits

KEY POINTS: (1) Overall, 401K/Roth IRA/SIMPLE/SEP contribution limits are the same in 2021 (2) Trad IRA: For single taxpayers covered by a workplace retirement plan, the new phase-out range is $66,000 to $76,000. For married couples filing jointly, where the spouse making the IRA contribution is covered by a workplace retirement plan, the new phase-out…