Earned Wealth, a monetary companies agency centered on serving medical doctors, has raised $200 million in a funding spherical led by Summit Companions and Silversmith Capital Companions. Present traders, together with Juxtapose, Hudson Structured Capital Administration, and Breyer Capital, additionally participated within the spherical. The corporate, based in 2021, supplies a complete platform for medical doctors to entry wealth administration companies, together with monetary planning, tax planning, and investing.
Earned Wealth has skilled fast development, now boasting over 3,000 shoppers and $2 billion in belongings beneath administration. The brand new capital will likely be used to increase Earned Wealth’s choices and pursue acquisitions of different companies that cater to medical professionals.
Earned Wealth expands companies for medical doctors
As a part of this enlargement technique, the corporate has just lately acquired Thomas Doll, a agency with a 40-year historical past of serving the monetary wants of medical doctors and dentists. Earned Wealth’s founder and CEO, Ryan Clendening, commented on the funding, stating, “Our purpose is to turn into the one-stop store — the one monetary companies supplier that medical doctors want for each their private wealth and observe wants.
The acquisition of Thomas Doll is predicted to reinforce Earned Wealth’s capabilities and dedication to serving its shoppers with excellence. The 2 firms share related values, cultures, and philosophies, making the mixture a pure match.
The wealth administration business has been present process important modifications lately, pushed by shifts in shopper expectations and calls for. Earned Wealth’s success in attracting substantial investments and making strategic acquisitions highlights the rising demand for clear and digitally accessible monetary options tailor-made to particular skilled teams, resembling medical doctors.