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. 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 people in different life stages, 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 the things we do:
Early Career Doctors – Organize the many moving parts of your financial life and develop a strong financial foundation. 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 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 keep you on track. As the stakes rise in your financial life, it becomes increasingly important to have a clear plan that ensures you are making the right money decisions.
Late-Career Doctors – Prepare for, and navigate, retirement. This phase of life brings a new wave of important 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.
On a more personal note, I’m a family guy at heart and outside of work I most enjoy spending time with my wife and three boys (ages 5 and under). When not hanging out with them, you can find me working out, reading, nerding out listening to financial planning podcasts, and never missing a beat when it comes to Notre Dame football.
“What gets measured, gets managed.” This quote, attributed to management consultant Peter Drucker, is a well-known refrain in the business world. The idea is simple – when you pay attention to something and actively track it, you’re more likely to improve it. The concept applies to many areas beyond business, including personal finance. Successfully managing […]
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At the end of 2019, the Setting Every Community Up for Retirement Enhancement (SECURE) Act was signed into law. As the name implies, much of the legislation was related to changing rules around retirement accounts. However, there were also several non-retirement related changes that have created new financial planning opportunities. One of those planning opportunities […]
The post SECURE Act – a New Opportunity to Save Taxes While Repaying Your Student Loans appeared first on MD Wealth Management.
There’s a saying we love when it comes to the process of improvement (in any area of life), and that is “What are you doing to get 1% better today?” The reason this is such a great saying is that it’s extremely simple, but also extremely powerful. If you truly were able to get 1% […]
The post How to Have a Million Dollar Portfolio by Age 45 as an Academic Physician appeared first on MD Wealth Management.
- 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