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ADV: Essential Form for Physician-Investors
ADV: Parts I and II Defined Staff Writers An ADV is a form that is kept on file with the Securities & Exchange Commission [SEC]. It contains critical financial information about a Registered...
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Investment Policy Statement Construction
Developing a Sample IPS Document Template By Clifton McIntire; CIMA, CFP® By Lisa McIntire; CIMA, CFP® Here is an abbreviated sample Investment Policy Statement [IPS] template for a healthcare entity,...
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Exchange Traded Funds (ETFs)
A New Type of Index Fund Hybrid By JD Steinhilber Exchange-traded funds (ETFs) are perhaps the most exciting and innovative investment products to be developed by the securities industry in the past 20...
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ETF Portfolio Diversification and Cost Reductions
A Multi-Dimensional Investment Product By JD Steinhilber Most physicians and their financial advisors and/or Certified Medical Planners™ [CMP™] believe that effective diversification is most readily...
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ETFs and Tax Efficiency
A Better Financial Product than Mutual Funds? By JD Steinhilber Exchange-traded funds are inherently more tax efficient than actively managed mutual funds, which have been rightly criticized for their...
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Debt-Based Securities Terms and Definitions for Physicians
A “Need-to-Know” Glossary for all Medical Professionals Staff Writers Accrued interest: Interest that has been earned but not received; when a physician purchases a bond from a bondholder, the...
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Equity-Based Securities Terms and Definitions for Physicians
A “Need-to-Know” Glossary for all Medical Professionals By Staff Writers ADRs (American Depository Receipts): Securities that allow trading of shares of foreign stocks on U.S. exchanges. ADRs are...
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What is Preferred Stock?
Physician Investing Basics By Julia O’Neal; MA, CPA Preferred stock is designed to resemble bonds and usually has a par value of $100. Dividends are stated as a percentage of par—6% preferred would...
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What is Common Stock?
Physician Investing Basics By Julia O’Neal; MA, CPA Common stock is fractional company ownership and does not have to pay a specified dividend. It is assigned a par value only for bookkeeping purposes...
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Types of Common Stock
Physician Investing Basics By Julia O’Neal; MA, CPA There are several different types of common stock listed below, and more. Utilities: Utilities are companies in public-service businesses, such as...
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About American Depository Receipts
Physician Investing Basics By Julia O’Neal; MA, CPA American Depository Receipts [ADRs] are shares of foreign stocks held by U.S. banks abroad that are sold on exchanges in the United States. Often,...
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Credit Risk
Understanding Company Specific Risk By Julia O’Neal; MA, CPA There are several kinds of investing risk, for example: Credit or company specific risk refers to the firm’s business and financial...
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Investing Terms and Portfolio Design Definitions
A “Need-to-Know “ Glossary for all Medical Professionals Staff Writers Absolute volatility: The true volatility of an investment. Accumulation phase: A phase in an investor’s life when he or she is...
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Investing Sector Risks
Understanding Industry Risk By Julia O’Neal; MA, CPA Often also called industry risk, sector risk is the risk of doing better or worse than expected as a result of investment in one sector of the...
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Real Estate Investments
Doctors Must Understand the Unique Risks By Julia O’Neal; MA, CPA Real Estate [RE] requires a separate discussion of unique risks relative to other financial asset classes. Macro Economic and Other...
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Pervasive Investing Risks
Understanding Pandemic Risks By Julia O’Neal; MA, CPA Pervasive risks are those perils associated with all investments, such as purchasing power risk. In other words, this is the risk that because...
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Investing and Interest Rate Risks [IRR]
Understanding Inverse Relationships By Julia O’Neal; MA, CPA Interest Rate Risk [IRR] refers to the tendency of all investments to rise as interest rates decline and fall as interest rates rise....
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Systematic Securities Risks
Understanding Stock Market Risk By Julia O’Neal; MA, CPA Systematic risk, also known as market risk, is that part of a security’s risk that is common to all securities of the same general class...
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Inflation Risk and Investing
Understanding Purchasing Power Risk By Julia O’Neal; MA, CPA Purchasing power risk refers to the effects of inflation and disinflation on the future purchasing power of the income and principal from an...
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Unsystematic Investing Risks
Understanding Company, Sector or Industry Risk By Julia O’Neal; MA, CPA Unsystematic risks are those associated with factors particular to the underlying company, sector or industry. Unsystematic...
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