Joe Griffin Reveals the Secret to Financial Management for Doctors and People with Wealth

Joe Griffin, CEO of TrueNorth Wealth and financial advisor, was interviewed by Adam Torres on the Mission Matters Innovation Podcast.

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In this interview, Joe Griffin, CEO of TrueNorth Wealth, explains his role as he leads a team of financial advisors to physicians, surgeons and other high-value clients, helping to build and secure their wealth.

How did the journey begin?

It is not an easy job to run a business; it requires maturity, wisdom, good judgment, and many other key traits. Joe Griffin did a variety of jobs over the years, and many opportunities came together to take him to where he is now. He advises people to continue to challenge themselves and find the right path for themselves, based on the opportunities life offers, working to create opportunities that are not available “today” and making wise choices along the way. “Over time, you need to measure company and your position as a hero or zero. You need to use wise judgment and be realistic about your situation. Either work hard and sensibly to move and grow with the company, or acknowledge that there are no opportunities and plan accordingly, ”Joe shares.

TrueNorth Wealth

TrueNorth Wealth was founded in 2006 by Marty Watkins with a mission to put the needs of its customers above profit. In other words, the fee-only company focuses on the interests of the customer rather than its revenue. TrueNorth’s compensation structure supports this idea.

The company deals with clients of high net worth, such as physicians, managers, and business owners; assisting in financial and tax planning by adapting individualized strategies for each client. Serving these valuable people and families for 35 years has created a lot of valuable experience. One of the main advantages of TrueNorth’s capabilities is tax planning. Almost all of the net worth customers that the company serves have benefited tremendously
TrueNorth’s ability to deploy smart and ethical strategies to reduce its tax liability. “Depending on the amount of tax that most of our customers pay, these types of adjustments make a huge difference for our customers, who often pay about 50 cents for dollars or more in taxes,” says Joe.

Joe attributes TrueNorth’s success to his motto: to ensure that customers and their requirements and needs don’t incur any costs. When you sign up for TrueNorth, Joe explains that his team maintains transparent communication and relies on a standardized process that ensures that every component of customers ’financial lives is reviewed and planned.

TrueNorth Wealth has a refreshing work environment where each employee is given the opportunity to discuss their point of view. In this environment, employees are comfortable growing up discussing their problems, opinions, perspectives, and goals. “A respectful and open way of communicating can change the dynamics and culture around your office,” Joe shares.

What products does TrueNorth Wealth offer?

TrueNorth Wealth offers comprehensive financial planning and money management strategies. This includes reviewing insurance policies to ensure that customers are properly covered, as well as educating high-value people about market flow and setbacks, directing their money to investing in the right place so that market volatility is unaffected.

How can the company help doctors / surgeons?

Asked if working with doctors and surgeons is anything special, Joe said, “Doctors have all kinds of insurance policies, and there are often ‘blind spots’ that we can highlight and improve. Combine all of that with smart tax planning and financial planning. with a strong academic background, and you get the level of service that TrueNorth Wealth customers really value! When doctors have a successful financial situation, it’s also good for society. ”

Doctors generally have a more complicated tax bill than most. It is therefore advantageous to have experts at hand, providing an appropriate strategy for reducing tax burdens and ensuring fair results for the care and hard work put in by physicians in their practices. Imagine how much each customer pays in taxes for the last dollar they earn! It’s not trivial, and there are smart adjustments that people of high net worth can implement.

If you’re looking for a better way to manage your finances and taxes, connect with this one TrueNorth Wealth today and get your custom plan.

About

TrueNorth Wealth Financial Advisors has over 40 years of experience in financial planning, investment advisory and tax advisory services for individuals, corporations, small businesses, equity, trusts, 401 (s) pension and profit sharing plans and institutional clients .