Medical Practitioners
Our expertise
With more than twenty years of highly specialised experience in the field, we can confidently claim to know your industry inside out:
- We offer expertise in every area of your personal and professional financial affairs.
- We understand all the challenges, risks and opportunities you face as you move through the different phases of your career.
Our Approach
- We are driven by forward thinking and future planning. We identify opportunities and risk; we analyse options; we make recommendations; and then, most importantly, we make things happen! In short, we don't simply advise you on your financial affairs; we proactively coach you through every opportunity to maximize wealth creation and minimize risk.
- We intentionally remain a medium sized firm, so as to ensure every Grimsey client receives personalized and hands on service; access to the highest levels of expertise in the firm, whenever required; and prompt attention/turnaround. As a result, having retained us, most of our clients remain so for life.
Our Services
Naturally, we can help with all the financial services typically required by high net worth individuals, including:
- Corporate governance, encompassing asset structuring to limit liability and maximize return, as well as everything from regulatory compliance to bookkeeping and payroll services.
- Income Tax, and using the taxation system to build wealth.
- Financial planning, superannuation and investments.
- Estate planning & business succession.
- Financing (personal & professional) and debt management.
- Protection, life insurance, income & asset protection.
Additionally, our expertise enables us to offer financial services of particular value specifically to medical practitioners:
- Newly graduated?
You may think income tax is the only financial matter you need to consider at this point but consider, for instance, the importance of managing your HECS debt. The time to start developing and implementing wealth creation strategies is right now. Visit our Graduates page to find our more.
- An intern or resident?
We can help you take fullest advantage of salary sacrificing and the generous FBT exemptions enjoyed by public hospitals. We can help with career development by providing accurate predictions of future earnings for different medical specialties. We can also provide advice on the issue of unaccredited overtime.
- Undertaking specialization?
Our reputation is such that banks accept our predictions of future earnings for different medical specialties, meaning your specialty can be leveraged now. We can show how to start building real wealth, or even simply to finance a car purchase, by borrowing against future earnings.
- Practicing professional?
Practice acquisition/Buy in Our many years of specialization have also enabled us to build up strategic alliances with key players in the industry. We can link you to financial brokers that specialize in financing medical practices. We have developed benchmarks for accurately evaluating practices that come on the market, potentially saving you from the disastrous effects of over paying. Our intimate knowledge of the industry, existing practices, market value and practices coming on to the market, or likely to, can all help to ensure that practice acquisition is a seamless and financially rewarding process.
- Business planning & development
We can provide ongoing support and mentoring to help you grow your practice. This could take the form of feasibility reports for prospective purchases; profitability analysis of an existing practice or particular areas of operation; coaching in managing cash flow – the list is as comprehensive as your needs at any given point.
- Competitive edge
As a Grimsey client you will find yourself beneficially connected to a vast network of medical practitioners. For instance, we have been the facilitating force behind many successful partnerships, being well placed to introduce medical practitioners who might complement each other in terms of resources and goals. And when it comes to practice acquisition, being connected to a vast network of industry peers and contacts can often provide an invaluable source of inside knowledge.
Our comprehensive expertise and approach have been purposively developed and are directed toward one goal: to free you to focus on what you do best, confident in the knowledge that your financial affairs are in safe and expert hands.
We invite you to experience the Grimsey difference by contacting us to make an appointment at your convenience.
