INSIGHTS
Knowledge, Information and Actionable Advice
Making Use of Cash Flow Projections
When you manage your medical practice’s cash flow effectively, you can helpprepare your practice to weather both strong and weak economic times. The key to managing cash flow is the cash flow projection — a forecast of your practice’s cash receipts and expenditures.
A cash flow forecast shows the anticipated flow of money...
Understanding Medical or Dental Practice Financial Statements
Financial statements are to accounting what CT scans and X-rays are to the medical profession: the financial health of a business or medical practice can be assessed by analyzing its financial statements. While most dentists would prefer to focus on dentistry rather than the business of dentistry, it can be beneficial for dentists (or any physician-owner) to familiarize...
Safeguarding Your Wealth with Proper Asset Protection Planning
Protecting accumulated wealth should be a cornerstone of your financial plan. A solid financial plan will address who or what poses the threat of taking away what you have earned and puts measures in place to limit the severity of those threats. These threats are often unseen and not easily predictable and therefore may cause a derailment from the path to your goals if...
CIG Asset Management Update January 2020: How Much to Dance?
To quote Citigroup’s former chief executive, Charles “Chuck” Prince, in July 2007, “As long as the music is playing, you’ve got to get up and dance,” adding, “We’re still dancing.”(1) Chuck Prince’s comment pointed out Citigroup’s race to keep up with other banks who kept loosening lending standards and Citi could not afford to be the one lemming who dropped out even as...
The act of adding medical practice value through an administrator’s eyes
CIG Capital Advisors’ managing director Yusuf Hai authored
a recent article for Fierce Healthcare where he discusses how
physician-owners can assess growth metrics in their medical practice and make
adjustments that may affect the practice’s value with an eye toward
a future sale:
“The
act of adding medical practice value through an administrator’s...
Easing into Retirement
Given the physical and emotional demands of their
profession, it’s little wonder that some physicians look forward to retirement.
However, many other doctors nearing retirement age are reluctant to turn their
backs completely on their profession and would rather find a way to ease into
retirement.
What should you do if retirement is on the horizon but you would prefer...
2019 Asset Management Year in Review and Look Ahead to 2020
What a difference a year makes. Last December, equity markets plunged almost into bear market territory driven by fears that the Federal Reserve and their rate hikes would throw the economy into a recession. Today, the Federal Reserve is buying more treasury bills than they ever bought in prior Quantitative Easing (QE) periods and have pushed the markets to new all-time...
New Year Resolutions for Better Financial Health
As we approach the new year, it is a good idea to examine and review a financial health checklist and make changes as necessary. Here is a list of some of the items the CIG Capital Advisors Wealth Management team recommends you review as part of your resolution for better financial health in the new year and to help establish good personal finance habits in the years...
CIG Asset Management Update December 2019: When Others are Greedy
November was a “risk-on” month, with the CNN Fear & Greed Index(1) reaching the “Extreme Greed” level. With the Federal Reserve buying more treasury bills than they ever bought in prior Quantitative Easing (QE) periods(2), a variety of U.S. equity indices did very well last month. The S&P 500 Index(3) returned 3.4% while riskier small company stocks,...
Selling Your Practice? Important Issues To Consider
Physicians sell their medical practices for a variety of reasons — dissatisfaction with the demands of running a business, the desire for a less strenuous work schedule, frustration with insurers, retirement. If you are thinking about selling your practice, there are several steps you could take now that could help you maximize the purchase price and ensure a...
Charitable trusts and the difference between a charitable lead trust and a charitable remainder trust
For many of us, philanthropy can provide great personal satisfaction. However, when properly planned for, charitable giving can provide financial benefits both today (as an income tax deduction and/or capital gains tax shelter) and in the future (when the amount of taxes your estate may owe when you die can be reduced).
There are many ways to give to charity. A...
CIG Asset Management Update November 2019: Optimism versus economic data: Has the market already priced in most of the good news?
U.S. equity markets reached new all-time highs at the end of October. The S&P 500 Index increased 2.0%.(1) Foreign stock markets continued their recent outperformance over U.S. equities as international stocks, measured by MSCI EAFE Net(2), advanced 3.6% last month and the MSCI Emerging Markets Net(2) was up 4.2%.
The Federal Reserve, as expected,...
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