Tetrault Wealth Advisory Group Wealth Management for Doctors:
Medical Students & Residents
Family Physicians & Specialists
Doctors Running Their Own Practice
Doctors Nearing Retirement
What We Do
Doctors’ financial stories rarely follow a standard career path. Wealth management for doctors, as we practice it, starts with student debt piling up during years of training. It then moves through a sudden income jump once residency ends. Eventually, it lands on questions about incorporation, retained earnings, and retirement income drawn from a professional corporation.
Our team sits with physicians wherever they are and builds a plan that grows alongside a medical career, rather than ignoring how differently that career unfolds than most professions.
Discover the Tetrault Wealth Difference!
Rob Tetrault built his career on an unusual combination: a law degree from the University of Toronto, years spent as a litigation lawyer, and an MBA in Finance from the Asper School of Business. A PhD, added more recently, rounds out a background few advisors in this country can match. That legal training shapes how our team approaches a medical corporation, a partnership agreement, or an estate plan.
Our back office runs through CG Wealth Management, which gives our group institutional research and technology that most independent advisory practices simply don’t have access to. Doctors working with us get a team that understands the tax and investment terrain unique to medicine.
Personal Wealth Planning for Doctors
“A first-year resident and a physician twenty years into practice need very different conversations.”
Our financial planning approach reflects that from the outset. Working with our team, doctors can expect:
- A full review of your current financial position, including student loans and lines of credit
- Retirement income projections built around a physician’s earning curve
- Estate and legacy planning, with a review of wills, powers of attorney, and beneficiary designations
- Tax planning strategies suited to high marginal rates and, where applicable, corporate income
- Cash flow analysis for the jump from resident salary to full attending compensation
- Insurance needs analysis, including disability coverage tied to your ability to practice
- Investment portfolio audits, with attention paid to any concentration in healthcare stocks
- Charitable giving strategies for doctors who want their donations structured for tax efficiency
- Family wealth planning that covers income splitting and education savings for children
Our process runs through a discovery meeting, a plan presentation, one update within the year, and up to four additional review meetings that can bring your accountant or lawyer into the conversation.
Wealth Planning for Incorporated Doctors & Medical Practices
“Many physicians eventually incorporate, and that decision opens up planning tools a salaried employee never gets to use.”
Our estate and legacy planning work extends naturally into the corporate side of a medical practice, covering:
- Corporate investment account reviews and portfolio audits inside your medical corporation
- Salary versus dividend planning that balances personal and corporate tax obligations together
- Retained earnings strategies, including individual pension plans and corporate-owned insurance
- Buy-sell agreement reviews for doctors practicing within a group or clinic
- Succession planning for physicians preparing to sell a practice or step back from ownership
- Compensation structuring between spouses or family members tied to the corporation
A packed patient schedule leaves little room to untangle corporate tax rules between appointments, and our team takes that piece off your plate so nothing stalls between visits.
Why Doctors Choose Us
Doctors partner with our team for reasons that run deeper than a well-designed website. Rob Tetrault has appeared on Wealth Professional’s list of Top 50 Advisors in Canada on multiple occasions. Our group brings over a century of combined wealth management experience to every client relationship. A few reasons physicians across Canada choose Tetrault Wealth:
- A fiduciary standard applied to every recommendation our team makes
- A legal and financial background that most advisors simply don’t bring to the table
- Institutional-grade research and technology through our partnership with CG Wealth Management
- Full protection through the Canadian Investor Protection Fund (CIPF) and oversight from the Canadian Investment Regulatory Organization (CIRO)
- Years of hands-on experience working specifically with doctors and their practices
Serving Doctors Across Canada
Physicians reach out to our team from Winnipeg, Toronto, Vancouver, Calgary, Edmonton, and communities across the country, and location never limits the depth of planning we provide. Practice out of a hospital, run a private clinic, or split time between the two? Our team builds around the realities of your workday. Take a look at our retirement planning services to see how these pieces come together over the long haul.
Talk with an advisor who understands the financial rhythm of a medical career, from training debt to retirement income. Book your consultation today.
Frequently Asked Questions
How do you help doctors manage student debt alongside long-term saving?
Our cash flow analysis looks at loan repayment and retirement contributions together, not as separate problems. That way a resident can start building wealth without falling behind on debt.
What's the benefit of incorporating a medical practice?
Incorporation allows salary-versus-dividend planning and retained-earnings strategies that a salaried employee can’t access. Our team works through those options alongside your accountant to find what fits.
When does it make sense for a doctor to bring in a wealth advisor?
Any stage works, from medical school through established practice. A resident and a senior physician face different questions, and our planning adjusts to wherever your career currently stands.
