Advisor Selection Criteria

MedCentric Financial Network's advisor selection criteria and review process form the foundation for fulfilling our mission of providing high quality, fee-only financial advisory services to the medical community. Only advisors who meet our stringent criteria are accepted for network membership.

Credentials & Experience - Member advisors must demonstrate that they have undergone in-depth training and competency testing in financial planning and investment management. At least one staff member from each firm must hold the Certified Financial Planner designation. Many advisors hold other degrees and designations, including MBA, Chartered Financial Analyst (CFA), and Chartered Financial Consultant (ChFC). Advisory firm principals must have at least seven years of experience, with most advisors having worked in the field for over 10 years.

Ethics and Compliance - MFN affiliated advisors are bound by the Code of Ethics developed by the Certified Financial Planner Board of Standards. Each advisor's history of compliance with SEC and State Department of Corporations regulations is evaluated.

"Fee- only" Compensation - Network advisors work with physicians referred through the network on a fee-only basis. Fee-only compensation aligns the interests of the advisor with those of the client, and avoids the potential conflicts of interest, high costs, and sales incentives that may accompany commission based services.

Cost Effectiveness - Measures to promote cost effectiveness are embedded at multiple levels in MFN's operational model. We screen advisor's fee schedules to ensure that they are consistent with regional norms, and have negotiated a 10% discount on all comprehensive financial planning services offered through the network.

Independence - Each network member advisor operates as an independent entity. Without a commitment to an over-arching corporate agenda, our advisors can remain objective in tailoring financial solutions to each client's needs.

Asset Management Practices - MFN affiliated advisors offer fee-only asset allocation and portfolio management services focused on long-term risk adjusted returns. Through dual affiliation with Charles Schwab and SEI Investments, our advisors can provide investors with a wide range of cost effective investment strategies.

Commitment to the Financial Planning Process - Financial planning provides the foundation needed to achieve financial success. Candidate advisors are evaluated on the degree to which they emphasize financial planning as the cornerstone of the client-advisor relationship.