South Florida Hospital News
Friday September 20, 2019

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February 2019 - Volume 15 - Issue 8




What Do Healthcare and Financial Care Have in Common?

What they have in common is consolidation of providers, compression of costs and fees, transparency, collaborative care and a move toward a holistic approach to treating the core problem not just the complaint. Howard Wolkowitz and Casey Johnson saw this trend coming and decided that there needed to be a better way to deliver financial care.

The financial services industry has been historically a sales model, and consumer trends indicate that people no longer want to be sold. Even though a consulting model has always existed, not all advisors were willing to adapt. Coastal Wealth believes in a consultative approach to helping clients achieve their financial goals. It is not a product that you must buy, it’s a process.
Howard and Casey decided to create a business model dedicated to physicians, based on goal achievement not product achievement. The concept was based on eating healthy once in a while is not an ideal strategy. It applies to exercise, stress reduction, medical management and your finances.
Their business model is as follows:
1) 50 new doctors per year maximum
2) Up to 180 days to complete the planning process
3) Quarterly meetings after the plan has been delivered to address recommendations*
4) Ongoing Communication as needed
5) Coastal Wealth believes in a concierge approach and their financial planners are committed to proving high-level service throughout the relationship.
How it works is as follows:
1) Discovery meeting to discuss and evaluate your current financial situation
2) Discussion of goals and objectives you want to achieve
3) Hire them as your planning team. The fee is based on the complexity of the planning process
4) They build you a written comprehensive financial plan to quantify your goals
5) They put all of your asset information on one secure website powered by Fidelity
6) They hold you accountable to your goals by reviewing the recommendations in your plan every quarter.*
7) As your financial advisors, they are impartial and give advice in your best interest
The net result for you and your family is independent, objective advice, collaboration of your advisors, a team of advanced specialists and accountability so your goals and objectives are successfully accomplished.

To learn more and to schedule a complimentary meeting, call Casey Johnson and Howard Wolkowitz at (954) 625-1515.

* Implementation of specific products or services may result in commissions or fees outside of the financial plan fee. Periodic reviews of your financial plan may require a new planning agreement and result in additional fees.
MassMutual Financial Group is a marketing name for Massachusetts Mutual Life Insurance Company (MassMutual) and its affiliated companies and sales representatives. Securities, investment advisory, and financial planning services offered through qualified registered representatives of MML Investors Services, LLC. Member SIPC . OSJ: 2400 E Commercial Blvd., 11th Floor, Fort Lauderdale, FL 33308. (800)320-4180. CRN202005-229918
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