What You Have to Know
- The funding will assist gasoline extra offers and product improvement, the agency says.
Earned Wealth, a tech-centered monetary providers agency centered solely on medical professionals, introduced Thursday a $200 million personal fairness funding that it’ll use for product improvement and strategic acquisitions, beginning with Thomas Doll, an RIA serving phyisicians and their practices.
Development fairness buyers Summit Companions and Silversmith Capital Companions led the capital dedication, with participation from current buyers Juxtapose, Hudson Structured Capital Administration and Breyer Capital.
The capital will help enlargement of the corporate’s platform and choices, each by product innovation and acquisitions, Earned Wealth mentioned, noting that it serves greater than 3,000 shoppers, with over $2 billion in property underneath administration.
The RIA mentioned it goals to create the primary tech-enabled, built-in private monetary administration platform providing wealth, tax, profession advisory, insurance coverage and different providers designed for the wants of medical doctors.
The agency mentioned its advisors can information choices starting from medical faculty mortgage compensation schedules and personal apply buy-ins to medical group malpractice insurance coverage protection and optimum tax methods throughout a apply sale.
“From the start, we’ve been firmly centered on constructing the premier go-to vacation spot for medical doctors who’re searching for to optimize their monetary well-being, delivering tailor-made options and providers that enable them to deal with what they do finest,” Earned founder and CEO John Clendening mentioned.
With the addition of Thomas Doll, which focuses on medical doctors and medical practices, Earned broadens its capabilities and expands into serving practices, “a key lever of earnings and wealth for a lot of of our shoppers,” he added.