It is a given that financial advisers need to be primarily concerned about how much disposable cash or income a prospective client has available to invest in a financial plan.
Whilst this is entirely understandable and logical, it can present a significant barrier to many dentists who are currently investing significant amounts of money into their practice or home. It could also be that the practice is providing insufficient income to cover all the various financial needs.
The DFA Proposition
This is where the DFA proposition bridges the gap. We don’t ask you how much you can afford. Instead, we create an inclusive holistic financial plan which is fully costed, much in the same way as you would produce a patient treatment plan. Then, we agree a realistic timescale for the practice to provide the necessary funds to move the plan forward.
Just like the treatment plan, we will not be attempting to solve every issue all in one go. We will often prioritise the least important issues being put off for one or two years – sometimes longer if necessary. The most important factor is that we have now established the required output from the practice to achieve all your financial needs and goals within an established time frame.