How Do I Find Trusted Advisors?

January 03, 2019 Blog

As a doctor, you understand that all your financial decisions–whether involving retirement, buying or selling a practice, purchasing insurance, or filing taxes–are major decisions. You literally can’t afford to make a mistake, but your schedule doesn’t allow the time to research and weigh all possible options. An advisor can make a significant difference in your financial outlook by offering specialized guidance. But you don’t want to leave your money in the hands of just anyone. 

Finding a trusted advisor is one of the most important investments you will make for your business and family. Here are some guidelines to keep in mind as you begin your search.

Go for Experience

There is always some uncertainty when selecting the correct financial advisor. But you don’t want to make your money the guinea pig. No matter how advanced an advisor’s training, there is no substitute for experience. When researching advisors, look for someone with at least a decade of advising a variety of professionals.

Choose a Specialist

Experience is just one piece of the puzzle. Your advisor should also focus on the issues relevant to your profession. Dentists face special challenges in terms of student loans, insurance, transitioning practices, and a host of other issues. When interviewing potential advisors, ask about their experiences in those areas. Better yet, seek out advisors who describe themselves outright as financial planners for dentists.

Picture the Big Picture

When balancing debt, future retirement, and the necessity of making the most of your present income, you need to make your financial decisions in the context of long-range plans. Ask potential advisors how they will help you set a foundation to guarantee future wealth and security. 


Technical expertise and experience, of course, are vital characteristics of a trusted advisor. However, a lack of personal connection can make those qualities null and void. It’s difficult to fully trust someone who lacks authenticity or enthusiasm, communicates poorly, or just doesn’t seem to “click” with you. Your advisor should invest in building a warm and respectful relationship with you. Is this someone you would feel comfortable calling in an emergency to ask a “stupid question"? If yes, then you have found the right advisor.

Collier & Associates offers financial reviews for dentists and dental practices. Learn more or request a consultation today.

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