Earned Wealth Raises $200 Million for Financial Advisory Business Targeting Doctors

Earned Wealth, a company that advises doctors on their professional and personal finances, has recently secured $200 million in funding to further expand its services. Founded in 2021, the company has quickly gained traction in the industry, with over 3,000 clients and $2 billion in assets under management.

With this new capital, Earned Wealth plans to enhance its offerings and potentially acquire other businesses that cater to medical professionals. The company’s founder and CEO, John Clendening, expressed excitement about the investment, stating that it will help them in their mission to revolutionize financial services for healthcare professionals.

One of Earned Wealth’s recent acquisitions, Thomas Doll, has been serving doctors’ and dentists’ financial needs for over 40 years. The alignment of values, cultures, and service offerings between the two companies is expected to enhance their capabilities and commitment to client service.

The wealth management industry has been evolving rapidly in the digital age, with consumers demanding more transparency, convenience, and personalized services. Companies like Voyant have also been expanding their financial wellness and wealth management software to meet the changing needs of clients, particularly in areas like retirement planning.

Overall, Earned Wealth’s latest funding round signifies a growing trend in the industry towards more specialized and tailored financial services for professionals in specific sectors, such as healthcare. As the company continues to grow and innovate, it aims to become the go-to provider for doctors’ personal wealth and practice needs.