Trent DeBruin CFP®, CFA, MBA MD Wealth Management, LLC
About Trent DeBruin CFP®, CFA, MBA
As a co-founder of MD Wealth Management, I specialize in working with physicians and dentists. I understand the unique challenges that doctors face when managing their finances, and I have special expertise in addressing their distinct financial planning needs. My clients appreciate the confidence that comes with being in control of their finances and knowing they are making the right financial decisions. As busy individuals, they also value being able to spend less time worrying about their finances and more time doing the things they enjoy.
While I work with various types of people, common threads in all client relationships are a focus on the client’s full financial picture, developing a clear and individualized financial plan, and (most importantly) helping clients implement that plan. MD Wealth Management tends to be a good fit for people who value financial planning (in addition to investments) and an ongoing relationship with a trusted advisor who can help them manage all areas of their financial lives.
Here is a brief overview of some of the things we do:
Early Career Doctors – Organize the many moving parts of your financial life and develop a strong financial foundation. Among other things, this includes putting together a student loan game plan, getting clear on goals, figuring out the best way to save and invest to different accounts, optimizing employer benefits, and making the rent versus buy decision. Starting on the right path and getting the big decisions right early in your career tends to have a magnified impact down the road.
Mid-Career Doctors – Manage the growing complexity of your financial life. This includes college planning, reviewing insurance coverage and estate plans, optimizing how you save and invest for different goals as your income rises, and detailed retirement planning to ensure that you remain on track. As the stakes rise in your financial life, it becomes increasingly important to have a clear plan and to ensure that you are making the right decisions for your situation.
Late Career Doctors – Prepare for, and navigate, retirement. This phase of life brings a new wave of financial decisions, including understanding whether you have enough money to retire, turning your investment portfolio into a “paycheck” in retirement, tax planning to minimize the amount that goes to the IRS, figuring out the best strategy for claiming Social Security, and navigating healthcare decisions from Medicare to long-term care insurance.
Prior to co-founding MD Wealth Management, I was a partner at Driehaus Capital Management in Chicago, where I worked for more than a decade. I am a CERTIFIED FINANCIAL PLANNER™ professional and a CFA® charterholder. I have a BA in Finance from the University of Notre Dame and an MBA in Finance and Economics from the University of Chicago Booth School of Business.
I live in Saline, Michigan with my wife, Jen, and our three sons. Outside of work, I love spending time with my family and trying to keep up with the boys’ seemingly endless amounts of energy. I also enjoy the outdoors and am passionate about travel, college football, and volunteering in my community.
In our introductory post on insurance, we explained that the purpose of insurance is to protect against risks and we briefly discussed the various risks to consider (protect your income, protect yourself, protect your possessions, and protect against health risks). In this follow up post, we narrow the discussion to two specific areas – protecting […]
The post Liability, Malpractice, and P&C Insurance – Protect Yourself and Your Possessions appeared first on MD Wealth Management, LLC.
In our previous post, we discussed opportunities to save taxes as an attending physician or practicing dentists, primarily by saving money to accounts on a pre-tax basis while you are in what is likely the highest tax bracket of your lifetime. We also highlighted additional opportunities available to business owners and independent contractors, as well […]
In our previous post, we discussed tax planning opportunities while in training. These opportunities were focused around capitalizing on your (temporarily) low tax bracket and being strategic about your tax filing status if you are going for Public Service Loan Forgiveness. In this post, part two of a three-part series, we transition to the next […]
The post How to Save Taxes as an Attending Physician or Practicing Dentist appeared first on MD Wealth Management, LLC.
- Financial Independence Retire Early (FIRE)
- Gen X
- Medical Professionals
- Retirement Planning
Ways Advisor Charges
- Quarterly Fee
- Assets Under Management
- Quarterly fee: $1,250/quarter – reduced rate during the final two years of training
- AUM: 1.00% for first $1mil under management; tiers down with additional AUM