Balancing demanding careers, significant loan debt, high tax brackets, and a desire to build a secure family structure can be overwhelming.
In partnership with the Consortium for Professional Providers (CPP) and the Doctors Burnout to Balance (DBB) program, AIMFD offers a unique, comprehensive initiative that provides our scholars and alumni access to highly personalized financial services—the kind typically reserved for individuals with exceptionally high net worth.
With the Life Success Initiative, our scholars and alumni have the opportunity reclaim control over their careers, finances, and lives, but also realize the full professional, personal, and financial rewards that inspired their careers in science and medicine. Our goal is to empower our alumni and scholars to thrive in every aspect of their journeys.
“For many years, our training and enrichment programs have focused almost exclusively on professional or career success. We emphasized the importance of choosing the best places, achieving the strongest record, getting the grants and publications, and achieving excellence in patient care. All of these are enormously important elements of success, but it is increasingly clear we are missing important aspects of ‘life success’.”
Dr. James R. Gavin III
AIMFD Board Chairman
AMFDP Director Emeritus, National Advisory Committee Member
AIMFD Life Success Initiative
The Consortium of Professional Providers is based on the concept of collaborative planning and belief that individuals are better served when their professional advisors work together. This common pursuit serves as an efficacious path to wealth creation, cash flow distribution, wealth transfer, and charitable giving.
The following services offered by CPP to AIMFD scholars and alumni provide expert advice, coaching, and mentoring from rigorously vetted professionals spanning finance, medicine, law, and related fields.
Financial Strategies
While financial blueprints typically focus on specific goals like budgeting and retirement saving, CPP emphasizes a holistic approach that encompass complex investments, legacy strategies, and tax optimization.
Wealth Management
Wealth management blends art and science with the goal of growing and protecting your wealth. CPP brings together financial advisors, accountants, and attorneys to provide comprehensive strategies. Their platform includes public and private investments, offering access to private equity through partnerships with leading money managers at lower minimums.
Proactive Tax Strategies
Some CPAs do little more than record history; they are simply focused on putting the right number in the right boxes. However, there is a big difference between tax preparation vs. tax strategy.
College Strategies
CPP’s college tuition professionals can help you decide the right path forward to ensure your children and grandchildren receive the education they’re seeking as cost-effectively as possible.
Legacy and Legal Strategies
Both traditional estate and legacy involve managing assets after death. However, legacy strategies take a broader approach and consider not only financial assets but also intangible values, personal impact, and the overall legacy you want to leave behind. Whereas traditional estate strategies primarily focus on the legal distribution of tangible assets like property and money.
Insurance Risk Mitigation
One of the greatest risks to wealth accumulation for many retirees may be long-term health care and litigation. Risk mitigation is a focus of the CPP who use long-term care insurance, umbrella insurance, or other related tools.
Business Advisory Services
The Consortium of Professional Providers business advisory firms can help reduce the stress of running your business. Everything from back-office support to entity type analysis, accounting system setup, retirement analysis, and more.