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TESTIMONIAL
In his book Financial Planning Handbook for Physicians and Advisors, Dr. David E. Marcinko, MBA CMP® CFP® provides us with a simple and yet very complete view on the basics of financial planning that every physician should know in order to maximize our chances for success in the financial aspect of our medical careers and personal lives.
The book is well structured, organized and easy to read. Divided in ten chapters, it covers important aspects of personal financial planning such as insurance, home mortgages, retirement plans, auto buying, taxes and more. In an era where doctors must have a solid understanding of the basics of financial management, this book is a must-have on every physician’s private book collection.
Although not a substitute for a formal business education, this book will help physicians navigate effectively through the hurdles of day-to-day financial decisions with the help of an accountant, financial and legal advisors. This book would make an excellent reference for teaching medical students and residents the basics of monetary management.
I highly recommend this book and commend Dr. Marcinko and the Institute of Medical Business Advisors, Inc. on a job well done.
Manuel J. Colón, MD
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Filed under: "Advisors Only", "Doctors Only", CMP Program, Financial Planning, iMBA, Inc., Recommended Books | Tagged: CMP, david marcinko, Financial Planning for Physicians and Advisors, How the ME-P Helps Doctors Become and Remain Professionally and Personally Fiscally Fit, Manuel J. Colon MD, www.certifiedmedicalplanner.com |
The Leading Business Education Network for Doctors, Financial Advisors and Health Industry Consultants 
Client Centered Financial and Practice Management Advice – AND – the Fiduciary Focused Certified Medical Planner™ Certification Designation and Online Educational Program
Despite the trendy catchphrase, “client-centered” financial and medical practice management advice is a flawed way of putting it. “Client-Centric” management and financial planning advice is still, above all, a metaphor.
The emerging “Client-Centric” advice philosophy contrasts with the traditional “Advisor-Centric”, model and replaces a Ptolemaic universe revolving around the Financial Advisor with a Copernican galaxy revolving around the doctor client. The flaw in the metaphor is that the physician-client and FA must coexist in an economic, social, and accountable relation of mutual and highly interwoven prerogatives. Neither is the king, and neither is the sun.
Physician focused financial planning and practice management advice relies on collaboration between the client and the FA, with many others serving as interested third parties. Physician-clients and FAs must therefore meet as equals, bringing different knowledge, needs, concerns, and gravitational pull but neither claiming a position of centrality.
A better metaphor might be a pair of binary stars orbiting a common center of gravity, or perhaps the DNA double helix, whose two strands encircle each other, or — to return to medicine’s roots — the caduceus, whose two serpents are intertwined forever in a medically specific and niche fiduciary relationship.
Dr. David Edward Marcinko MBA CMP™
http://www.CertifiedMedicalPlanner.com
[Founder and CEO]
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Good Reference Source
I have this handbook, and the companion book on Insurance Planning and Risk Management for Physicians and Advisors.
As a financial planner myself, I refer to them both frequently as they are very specific to the health care sector. In fact, the niche perspective and granular detail is very helpful to me … and it impresses my physician clients.
Wilford
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