Useful Resources When Buying Or Starting Your Practice

Yves SchoofPrivate Practice

In this week’s post I wanted to share with you some valuable resources on starting our purchasing your medical/dental practice. My business partner Mitchell Walmsley at Affluence Chartered Accountants has an interesting blog with many useful tips for doctors and dentists in private practice. You can read more HERE. I trust you will find value in it. P.S. Whenever you … Read More

Recognition For Our Client Servicing And Goals Based Focus

Yves SchoofBusiness

Affluence Private Wealth is proud to announce that our Principal, Yves Schoof, has been shortlisted as a finalist for two ifa Excellence Awards categories in 2019, in the categories of Client Servicing Individual of the Year and Goals-Based Adviser of the Year. Yves continually strives to offer the very best in financial advice and client services, and these awards are … Read More

Why Doctors And Dentists Should Put Their Finances On Auto-Pilot

Yves SchoofBusiness

Let’s face it, as a doctor or dentist you do not have the time to actively manage your finances. Even with the best intentions, you will fail to follow through after a while, if your money management requires active intervention and implementation. That is why for our clients, we set up automatic ongoing debt repayment and savings/investment plans. This could … Read More

Buying a Medical/Dental Practice Vs Starting One

Yves SchoofBusiness

In this week’s infographic we explore the considerations you need to make when deciding whether to start or buy a practice. Both Mitchell Walmsley from Affluence Chartered Accountants as myself have a wealth of practical experience in assisting our medical and dental clients with these projects. Please contact us if you would like to discuss.

Selling Your Healthcare Practice – How To Plan For The Proceeds

Yves SchoofPrivate Practice

We have been assisting various medical clients following the sale of their medical practice, often involving multiple millions of dollars. Below I have outlined the considerations that we go through in developing a personalised plan.   Debt repayment It makes sense to repay non-deductible debt (such as your home mortgage),as this provides a risk-free return that is quite attractive on … Read More

SMSF Borrowing Still Alive And Well For Doctors And Dentists

Yves SchoofPrivate Practice, Super

Despite a withdrawal of many lenders from the SMSF lending market, we have seen a high number of transactions in this area with our clients recently. All of them involved the purchase/transfer of medical and dental rooms. For doctors and dentists, very generous lending products still exist, if you work with the right medical finance specialist. At Affluence we have … Read More