Learn about your financial coach:

Who Am I?

I’m Setu Mazumdar, MD, CFP®, and I’m “The Financial Planner For Doctors.” Through comprehensive financial planning and investment management, I empower physicians like you to get your financial life in order so you can stop making work mandatory and start making work optional. 

I’m also a physician just like you, but I retired from practicing medicine before age 40! 

Almost all of my clients are physicians from various medical specialties coast to coast.

My experience as a physician gives me the unique ability to understand your situation because I've literally walked in your shoes and faced the same financial, career, and life challenges you face.

There's no way your financial advisor can truly understand you as a physician unless your advisor is also a physician - that’s the deep connection I bring to you and which almost no other financial advisor can match.

Your financial advisor cannot truly understand what it feels like to:

  • Endure more than a decade of grueling training, education and exams

  • Stay up all night every 3 or 4 nights and then work the next day dead tired

  • Have someone else’s life literally in your hands

  • Be held to a standard of perfection that no other occupation is held to

  • Get blamed for events that you have no control over

  • Face continuous scrutiny from the government and third parties who have their hands in your pockets and think you make too much money

  • Worry about the threat of being sued every day

  • Really sacrifice by giving up your weekends, holidays and family time

Your financial advisor can’t possibly grasp all of that unless your advisor is also a physician like you.

And that’s why I’m different. I am one of you. I walk in your shoes, and I’ve experienced the same challenges you’ve faced. Can your financial advisor say that? I doubt it.

But I can. 

You see, financial planning and investment management is a deeply personal and ongoing relationship. It goes way beyond just making trades and crunching some numbers. I can relate to you in a way that almost no other advisor can.


Why Should You Believe Me?

I know you're raising your eyebrows at this point. You're probably saying to yourself...

"I mean seriously...a doctor who transformed into a financial planner to help other doctors?"

"Did you lose your medical license? Did you just snap one day and go nuts? Are you competent to manage other physicians’ finances and investments? Is this a joke or a scam, and are you wasting my time?"

Here's a brief background on my education and experience to erase your skepticism:

  • Graduated as valedictorian from Woodward Academy in Atlanta, GA—the largest independent private school in the continental United States

  • Graduated in top 1% of my class from Johns Hopkins University for college -- admitted to Phi Beta Kappa

  • Graduated from Johns Hopkins School of Medicine with my MD degree -- one of the top medical schools in the world

  • Board certified in emergency medicine and worked full time as an emergency medicine physician

  • Am a CERTIFIED FINANCIAL PLANNER™ professional -- the gold standard designation in financial planning

  • Founder and sole owner of Physician Wealth Solutions, a fee only financial planning and investment management firm where I empower doctors to take control of their finances

  • Published numerous personal finances articles in various physician magazines, including Emergency Physicians Monthly and Physicians Money Digest

I’ll admit I’m not the smartest guy in the world, but as you can see I’m no slouch either. And no I didn't lose my medical license. And no this isn't a scam. In fact I take this very seriously. And you should too if you care about getting your finances and investments in order and living your life on your terms.


My Story

I’ve got an embarrassing confession to make: I made a ton of financial mistakes early in my career -- probably the same ones you might be making now. I had no clue what I was doing with my investments and I didn’t know anything about retirement planning, disability insurance, estate planning, or college planning. I didn’t have a single hour in medical school or residency devoted to financial planning, yet it became a big part of my life and affected everything else is my life that was important to me. 

Despite those mistakes I still retired from medicine before age 40!

No, it’s not a typo and no I didn’t win the lottery. Here’s how I did it:

My wife and I are both physicians -- we met in medical school at Johns Hopkins -- but unlike most doctors, we made our finances and investments a priority early in our careers. 

That mindset about the value of money originated from our humble upbringings. When my parents moved to this country, my dad trained all over again as a physician so we had very little money and few material possessions. My mom worked at 7-Eleven and other odd jobs just to support us. Our “dining room table” was a cardboard box! My wife’s parents toiled 12 hours a day 7 days a week working at Chinese fast food places.

Those types of experiences shaped the way we valued money. We saw money as a tool to achieve financial freedom and independence at an early age so we could do what we want, how we want, and when we want. When my wife and I graduated from medical school and residency, we committed to taking control of our finances right from the get go.

While we enjoyed certain aspects of practicing medicine, like many physicians we eventually got sick and tired of all the BS we have to put up with: lawsuits, paperwork and electronic medical records, annual tests, hospital administrators, nightshifts, the ridiculous volume of patients we have to see, and on and on and on.

But achieving a degree of financial independence at an early age wasn’t easy.

You see, we made a ton of financial mistakes that cost us dearly. We had no clue what we were doing with our investments, and I didn’t know anything about financial planning.

We also saw so many of our physician colleagues giving up their weekends, nights and holidays because they didn’t have their financial lives in order -- many of them are absolutely miserable. We decided we didn’t want to be like that. We wanted to take control of our situation.

The increasing complexity of our personal financial lives was what first ignited my passion for financial planning and investment management.

But something else really added fuel to the fire...


My Passion and Desire To Help Physicians

I’m downright ANGRY with poor advice many financial advisors give doctors. Many sell expensive and inappropriate investment products. I was certainly a victim of this because I hired a financial advisor early in my career, but he was just a salesman peddling products not giving advice. He wasn’t acting in my best interests.

It’s sort of like you getting paid by the pharmaceutical companies for the drugs you prescribe instead of the service you provide to a patient. You wouldn’t do that to patients, but many financial advisors do that to doctors like you and me! 

Worse yet, it’s legal! Why would you ever hire such a person to manage your hard earned money?

I realized most physicians either didn’t know what they were doing if they managed their finances by themselves, or they hired financial advisors who weren’t acting in their best interests.

I feel physicians deserve much better investment and financial advice from their financial advisors -- ideally from someone who walks in their shoes, has made the same mistakes and is willing to go to bat for them just like we put our best effort forward for patients.

So I decided to become a financial planner for doctors.

This is a passion of mine. I know firsthand the hard work and dedication it takes to be a doctor -- because I am one -- and I can personally relate to the challenges you face. My goal is to help fellow physicians like you get closer to your own financial independence, stop making work mandatory, and start making work optional.

I really encourage you to sign up for the free report and weekly financial lessons. It’s no BS cut to the chase advice. Just follow the prompts on this page to sign up.

And finally if you’d like to learn more about I can help you, schedule your Free financial coaching session with me. Again, just follow the prompts on this page or throughout my website.

So that’s a little bit about me. I’d enjoy hearing your story and connecting with you.

Thanks and hope to hear from you soon!

Setu Mazumdar, MD, CFP®

Physician Wealth Solutions - "The Doctor's Prescriptions For Making Work Optional"


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