Physician Wealth Solutions

Physician Wealth Solutions

Setu Mazumdar launched Physician Wealth Solutions in 2013 as a fee-only registered investment advisor after his own early-career financial mistakes and frustration with commission-based advisors. Mazumdar, who holds an MD from Johns Hopkins School of Medicine along with CFP, RICP, and AIF designations, states he retired from clinical emergency medicine before turning 40. The firm's origin story centers on his belief that only a fellow physician can fully understand the financial life of a doctor — from decade-long training costs and malpractice exposure to compensation models dictated by third parties. He and his spouse, also a Johns Hopkins-educated physician, committed to financial independence early, providing the experiential base for the firm's positioning. The firm delivers integrated financial planning and evidence-based investment management. Its services span cash-flow and retirement planning, tax-aware portfolio construction, insurance and risk management, and estate coordination with external professionals. Mazumdar advocates a five-principle investment philosophy — own the entire market, diversify broadly, keep costs low, minimize taxes, and stay disciplined — and applies it to all accounts, including employer-sponsored 401(k) plans that clients can have managed alongside their personal assets. Physicians across the United States, from various medical specialties, form the client base, though the firm discloses no specific count of client households or aggregate assets. Physician Wealth Solutions is a solo-advisor practice with no additional offices or named team members. Mazumdar combines individual coaching sessions with a client-facing personal wealth website that aggregates accounts, tracks spending, stores documents in a digital vault, and provides consolidated portfolio performance and allocation views. The firm's model relies on direct fee billing — it sells no financial products and explicitly presents itself as a fiduciary. As of its latest public disclosures, it has not reported launching adjacent vehicles such as philanthropic foundations, real-asset arms, or peer-group clubs. Structurally, the firm is unusual in its total identification with a single professional cohort and its founder's dual credentialing as both an MD and a FINRA-licensed planner. Most RIA firms serving physicians are built by career financial professionals who add medical-market expertise; Physician Wealth Solutions inverts that model by making the lived experience of practicing medicine the primary selling proposition. Succession is not addressed on the website, and the firm's continuity currently depends on Mazumdar alone.