On average, physicians spend as many as 15 years in college and postgraduate training, including earning bachelor's and medical degrees and serving internships, residencies, and fellowships. While medical school prepares young doctors to care for their patients, it may spend less time teaching them to run their practices or equipping them with the tools they need for a lifetime of managing their families' finances.
Physicians have unique needs as investors. Many face special challenges because of higher liability risks and complex financial situations. In short, physicians may want to consider working with financial professionals who understand the myriad of issues they face.