Specialist advice

For medical professionals

Specialised financial advice that protects and grows your wealth

As a doctor running a medical practice, you face unique challenges – long hours, intense yet rewarding work and the constant pressure to achieve entrepreneurial success. When you’re so busy, it’s easy to miss out on what’s really important in life – spending time with family and friends and enjoying the rewards of your hard work.

As specialist advisers to medical professionals, Perpetual understands these universal challenges doctors face. We also know that you have unique circumstances and dreams for yourself and your family.

We take the time to understand you and your goals. We will work with you to create a tailored financial strategy and portfolio of investments to help you achieve them. With the right plan in place to protect and grow the wealth of your family and practice, you’ll have more time to spend on what really matters to you.

Whether you’re setting up your practice, growing your practice or planning for business succession, our team also has the experience to guide through the business and investment decisions you will face along the way, so you stay organised and in control.

Perpetual has been a trusted financial adviser for doctors in private practice for decades. We think of client relationships as long-term partnerships, built on trust, with our advice both relevant and transparent. We also explain complex situations simply.

Get in touch with us today to create your blueprint for financial freedom and life-long security for your family.

Financial goals

Live more. Work less.

A good financial plan creates more than long-term wealth – it also gives you more time. Time to spend with your family, on your hobbies or creating life-long memories.

Our role as a specialist financial adviser to doctors is to give you the financial control you need to successfully run your practice and have more time to spend on your other priorities in life.

At Perpetual, you have a wide breadth of services and specialists available under one roof – from financial advice to insurance and superannuation. This lets us create for you an integrated financial plan that simplifies wealth generation and saves you time. It allows you to turn your income into capital without spending anxious hours on investment decisions or administrative tasks like taxation.

Protection for you, and your family

You’ve worked hard to achieve your lifestyle. Don’t let an accident put you under pressure. Whether you’re protecting your hands or body, your practice or making sure your loved ones are taken care of, the right insurance cover means one less thing you have to worry about.

Our insurance experts will create a tailored policy specifically for your circumstances and medical speciality – a policy that adjusts to your changing family and financial situation.

How specialist insurance makes all the difference

Retire well - succession planning for your practice

Given what you’ve put in, don’t you deserve the best possible outcome when you exit your practice? A well-considered succession plan will help you make the right decisions to protect your interests and look after your loyal staff and patients when you step away from your practice.

It can ensure the wealth you’ve worked so hard to create is:

- invested strategically to secure your ideal retirement lifestyle

- transferred to your family tax-effectively

- put to work supporting a charity or cause

At Perpetual, we can help you get your plan in place, and with so much to consider it’s a good idea to start as soon as possible.

Live a luxury lifestyle

You may want to expand your property portfolio, create more experiences or simply enjoy the finer things in life. With a comprehensive, long-term plan you can have confidence about the future – while enjoying a desirable lifestyle today.

This is where the specialised financial advisers at Perpetual can help. We will work with you to build a personalised plan with carefully selected investments and wealth management strategies – including some you may not have heard of – to generate long-term wealth.

We’ll also help you best manage your debt, minimise the tax you legally need to pay and maximise your cash flow, so you have more to spend (or invest!) today.

Making the world a better place

You may want to give to your local community, support environmental causes or advance medical research. You know the causes closest to your heart, but do you know the most effective ways to support them?

You can donate to charities on an ad-hoc basis. Or you can give strategically – by taking into account taxation, the impact of your giving, when and how you give and whether you want your family to be involved.

With some careful planning, you can give in a way that makes a real impact on the causes and organisations you care about. You can even ensure your giving continues long after you’ve gone – so you leave more than an inheritance, you leave a legacy.

Find out more on philanthropy with impact

Client stories

Dr Shannon Thomas

Vascular, Endovascular, Transplant Surgeon and Perpetual client since 2015

Dr Thomas came to Perpetual to devise an improved insurance strategy. After sitting down with a Perpetual adviser and insurance specialist, Dr Thomas now has peace of mind that if anything happens to his hands or his back, his new insurance will take care of him. We also helped Dr Thomas with an investment strategy that provides him with a vision and a path to help him achieve his financial goals.

Your journey

The early years

Whether you’re a recent fellow or already setting up your practice, the early stages of your career are an exciting time. The decisions you make now can make a big difference in the future. At this stage of your career, here are some of the Perpetual services which have helped doctors like you:

Strategic financial advice
Strategic advice is advice that synthesises a whole range of factors – your personal and family situation, current circumstances, your goals and attitudes to things like risk, spending and investment ethics. By working through all these issues with you, your Perpetual adviser can help you create a real financial plan – a roadmap that ensures every financial decision you make moves you closer to your goals. No more missed opportunities, no more regrettable last-minute decisions. A strategic approach to financial freedom and creating a wealthier, happier you.

Wealth, lifestyle and business protection
As a doctor you know only too well that accidents happen. We can‘t protect you from these, but as part of our ‘protect and grow’ strategy we can help protect your income and lifestyle should something go wrong.

Our insurance strategies encompass life insurance, total and permanent disability, trauma insurance and income protection. Just as importantly, we tailor those insurances to be tax-effective, to work effectively together, to integrate with your investment and superannuation strategies. We’ll also make sure the insurance you need to protect your practice is not overlooked.

Managing debt
For doctors, managing debt starts early. There are student loans to repay as soon as you transition from training to your first job – and then there’s the mortgage, potential property investments and school fees in the mix.

Whether you’re starting out, expanding or buying new equipment, debt will also play an important part in growing your practice. But what is the best way to manage your debt?

At Perpetual, we’re always careful to build debt management into your financial plan. We can also help you find the right loan, consolidate and refinance high-cost debt, and structure repayments in a way that lets you grow your practice without sacrificing the lifestyle you’ve earned.

Property investing
An investment property (or properties) can make up a large part of your portfolio and carry a similarly large burden when it comes to maintenance, accounting and tax management. Across everything from purchase, rental, management and sales our property experts can help you maximise the return and tax benefits of property investing whilst relieving you of a significant compliance and management workload.

We’ll also help you with tax-effective strategies that can enable you to own more properties sooner. Find out more on our property management services .

Your growing practice

Strategic tax planning
Tax obligations go hand in hand with running a small business. While there’s the tax you should pay, many doctors who run their own practice pay more than they need to. This isn’t surprising, as finding the right strategy to minimise your tax bill can be complex and time-consuming.

The advisers at Perpetual can work with your current accountant, or you can benefit from the tax and accounting experts at our specialist accounting firm, Fordham. Our accounting firm Fordham, specialising in work with business owners and managers, achieved an exceptional NPS score of 75 in 2020.* Together, they can help you to understand your practice and develop a flexible, legal tax strategy that reduces your paperwork, compliance burden, tax bill and headaches!

Asset protection
The rewards of running your own private practice are enormous. As with any small business, however, there are risks and pitfalls along the way. As a registered doctor you have medical indemnity insurance in place, however this may not be enough to protect your business and personal assets, such as an investment property, if there are legal judgements against you.

Our team will help you develop asset-protection strategies including separate legal structures and other arrangements specifically to separate your business assets from your personal ones.

Investments
Should I invest more in my practice? What about shares or super? How about my property?

There’s no right or wrong answer to these questions. Just what’s right for you. You may want more income, maybe you’d like to grow the value of your practice, or simply protect your nest egg.

With a deep understanding of where you are now, what you want for yourself and your family, your attitudes to investing, risk and much more, we’ll carefully design an investment strategy that is aligned to your goals.

You may have different financial goals, or maybe your goals require a mix of investments. That’s why it’s important to have a broad array of investment choices. Our award-winning* investment team offer you multiple options to choose from or combine. These include direct shares, managed funds (including ethical options), fixed income, real estate, alternative assets and exclusive investments not normally available to individuals.

Learn more about our investment services

Superannuation
Super is the most tax-effective way to build your wealth for the future. We will help you find the right platform for your super, including setting up a self-managed super fund that lets you stay in control of your investments. We also work with you on an optimum contribution strategy to maximise your super balance.

Managing your practice
The team at Fordham act exclusively for private business owners, business managers and their families. We help you grow your practice and succeed through careful planning and strategy. As a specialist part of Perpetual, we can bring you unrivalled expertise when it comes to turning your business success into assets that safeguard the future of those you care about.

We can also advise on ways to improve profitability, simplify your administration and manage people. If you’re looking to expand or even exit your practice, we can advise on the best strategy for this too.

^{* The Perpetual Income Opportunities Fund and Perpetual Growth Opportunities Fund celebrated 10 years in market in 2019.
Perpetual was recognised as Best Alternative Investment Manager of the Year and the Perpetual Income Opportunities Fund has won Best Multi Strategy Fund two years running at the Hedge Funds Rock Australian Alternative Investments Awards held in Sydney (2018-2019).}

Moving into retirement

Our financial advisers - in their own words

"Doctors spend so many years training – that makes a financial plan right throughout their career even more important. At Perpetual and Priority Life, we follow doctors’ careers and provide the financial education and guidance they need – whether they’re training, getting into a program, starting a fellowship or even going into private practice. Every stage is a huge milestone and I love being a part of it." – Bradley Gecelter, Partner, Priority Life

"Over the last 30 years I have been privileged to work with hundreds of medical specialists, enabling me to build a thorough understanding of the unique challenges they face. Putting in place a tailored financial plan to achieve lifestyle and financial goals is just one way we help our clients - a really satisfying part of my role is helping doctors build the financial knowledge they need to have a true understanding of the investment, superannuation and insurance programs they have in place. It’s very rewarding to watch doctors who have the right planning and financial education achieve their goals, whilst at the same time doing what they do best – helping others!" – Phillip Hines, Partner, Perpetual Private

Meet the team

Phillip Hines

Partner, Private Clients NSW

0411 553 493

Contact me

Daniel Gallacher

Associate Partner

0466 334 280

Contact me

Emily Sun CFP®

Senior Financial Adviser, National Medical Advice

M.Com, B.Fin, GradDip.FP

0451 686 838

Contact me

Joanne Tinetti

Senior Financial Adviser

0418 410 090

Contact me

Reymon Makkar

Senior Financial Adviser, VIC/TAS

GradDipFP, MFinPlan, AFP ®

0411 060 854

Contact me

Andrew Hiscock

Senior Financial Adviser, SA/TAS

GradDipFP, MFinPlan, AFP ®

0418 844 600

Contact me

Jessica Weaver

Senior Financial Adviser, VIC

03 8628 0416

Contact me

James O'Keefe

Financial Adviser, NSW/ACT

DipFP, MAppFin

0422 279 150

Contact me

Phillip Hines

Partner, Private Clients NSW

Phone 0411 553 493

Email Contact me

Bio

Phill is the Partner of NSW’s Medical division.

He is responsible for the development, oversight and implementation of the national advice strategy and capability for medical specialists.

Phill has specialised in providing financial advice to healthcare professionals since 1989, with the first 18 years of his career being in the UK, before emigrating to Australia with his family in 2008.

Prior to moving to Australia, Phill held senior management, strategy development and advisory positions, in two of the UK’s largest financial institutions, before setting up his own practice in 1999.

In 2003, he was a founding partner in one of the UK’s largest privately owned Independent Financial Advisory firms.

Phill’s expertise extends across a broad range of financial matters including superannuation (including SMSFs), investment strategies, personal and business risk management, as well as debt management. As a regular presenter at Business and Financial Lifestyle courses for Medical Specialists across the country, he takes his role as a financial mentor, coach and educator very seriously and his relationships with his clients are collaborative ones, characterised by the aim of helping his clients achieve their desired lifestyle.

Daniel Gallacher

Associate Partner

Phone 0466 334 280

Email Contact me

Bio

Daniel is an Associate Partner at Perpetual's Perth office and his role is to provide Financial Advice to clients and Manage the Perth Adviser team.

He started his career in financial services at Westpac Bank in 2008, within their business banking segment, before commencing as a Financial Adviser in 2010.

Daniel has now been with Perpetual for nearly a decade and provides Advice and guidance to high net worth clients and their families.

He provides tailored advice in investment management, retirement planning, superannuation, taxation, estate planning and strategic structures.

Daniel also has extensive and ongoing day to day experience providing investment advice and guidance to Not for Profit Organizations and First Nations Communities.
This involves understanding and tailoring portfolios and strategies so these organisations can best achieve their community missions.

Daniel holds a Graduate and Advanced Diploma of Financial planning and certificates in Self-Managed Super Funds, Margin Lending and Gearing and Certificate in Finance and Mortgage Broking.

Daniel is a proud Father of two children. He loves this role the most and he feels it helps him be the best Adviser he can be to his clients.

Perpetual’s board range of services and experts allow Daniel to provide comprehensive solutions to his clients and support the Perth team of Advisers.

Reymon Makkar

Senior Financial Adviser, VIC/TAS GradDipFP, MFinPlan, AFP ®

Phone 0411 060 854

Email Contact me

Bio

Rey is a Specialist Medical Senior Adviser responsible for delivering solutions to Perpetual Private’s medical clients in Victoria and Tasmania, based in Toorak and Melbourne CBD

Rey’s career in financial services commenced in 2008 and he has extensive experience providing advice to medical and high net worth clients across wealth creation and protection, asset structuring, investments and tax strategies.

Having held senior roles with two of Australia’s largest private banking advisory firms, with the specific responsibility of delivering insurance and investment solutions, Rey has an extensive background in managing the often complex needs of medical specialists.

Rey has a strong technical background and has presented product analysis and recommendations to board and executive levels and is passionate about the simplification of providing financial advice through the use of technology and forming long-lasting, trust based relationships with his clients.

Rey holds a Graduate Diploma of Financial Planning, Masters Degree in Financial Planning and is a member of the Financial Planning Association.

Why Perpetual

From what our clients tell us the only constant in the career of a medical professional is an unwavering dedication to patient care. Everything else is in a constant state of flux – learning to run a practice, earning higher incomes, acquiring bigger homes and debts, more responsibilities and complexity. That’s why your financial strategy needs to evolve with you.

We understand your life

Making considered decisions early can ensure your high income is optimised throughout your career. Many of our medical professional clients benefit from advice on tax-effective ways to convert their income into growing capital, how to protect their family and assets, getting their practice ready for sale and managing their super so they can carry their current lifestyle into retirement.

We understand the shifting challenges you face as a medical professional – whether you’re commencing your practice, at your career peak or preparing for life after work. A tailored financial strategy that builds and protects your wealth takes time and planning. But the benefits can be significant and life changing – and Perpetual would be happy to help you.

All the services you need for your practice
Do you need help with:

staff contracts?
legal support when taking on another partner?
billing?
managing and balancing accounts?

Through our education partners, we work closely with a variety of business experts who can help your practice run smoothly as it grows.

Perpetual is an ASX-listed, diversified financial services company which has been serving Australians since 1886 when it was established as a trustee company by a group of businessmen including Sir Edmund Barton, later to be Australia’s first Prime Minister. That trustee heritage – and the culture it created around putting clients first – is what makes Perpetual unique.

We have been earning the trust of our clients for more than 130 years and pride ourselves on our long-standing client relationships – some of which span five generations.

Trust is earned, every day.

Our investment philosophy is to protect and grow your wealth by carefully selecting suitable investments that reflect the level of risk you're comfortable with, as well as your investments objectives. To achieve this, we diversify risk across asset classes, within asset classes, across countries and fund managers. We take a long-term approach to investing because we believe quality investments yield benefits in the long run. Our advisers and investment specialists have a high duty of care in developing portfolios and ensuring Perpetual’s stringent quality investment filters are met.

Visit the Investment Management page for more in-depth information and insights.

Managing a medical practice

Ramaciotti Foundation

Perpetual are proud to be the trustee for the Ramaciotti Foundations.

The Ramaciotti Foundations are collectively one of the largest private contributors to biomedical research in Australia and have granted over $61 million to research projects since 1970.

Find out more

Priority Life

In late 2019, Perpetual acquired Priority Life – a specialist risk advisory firm for doctors and business owners. The team of experts at Priority Life have a deep understanding of the complex insurance needs of doctors and can help you with the insurance you need to protect yourself, your family and your practice.

Find out more at Priority Life

Take your first step - contact us on 1800 631 381

Or please submit the form below and an investment specialist will contact you.

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97%* of Perpetual Private clients are happy with the quality of their financial advice. *Perpetual Net Promoter Score Survey (research conducted by Woolcott Research).

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* Our accounting firm Fordham, specialising in work with business owners and managers, achieved an exceptional NPS score of 75 in 2020.

Perpetual Private advice and services are provided by Perpetual Trustee Company Limited (PTCo) ABN 42 000 001 007, AFSL 236643. This webpage contains general information only and is not intended to provide you with financial advice or take into account your objectives, financial situation or needs. You should consider, with a financial or other adviser, who can provide you with the relevant Financial Services Guide, whether the information is suitable for your circumstances. To the extent permitted by law, no liability is accepted for any loss or damage as a result of any reliance on this information. Perpetual Private advice and services are provided by Perpetual Trustee Company Limited (PTCo) ABN 42 000 001 007, AFSL 236643. This information was prepared by PTCo. The information is believed to be accurate at the time of compilation and is provided in good faith. This information, including any assumptions and conclusions is not intended to be a comprehensive statement of relevant practice or law that is often complex and can change. This article may contain information contributed by third parties. PTCo do not warrant the accuracy or completeness of any information contributed by a third party. Any views expressed in this article are opinions of the author at the time of writing and do not constitute a recommendation to act. No company in the Perpetual Group (Perpetual Limited ABN 86 000 431 827 and its subsidiaries) guarantees the performance of any fund or the return of an investor’s capital. Past performance is not indicative of future performance.

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