# Physician Wealth Solutions Physician Wealth Solutions is a Bank / Wealth / Trust based in North Las Vegas, United States. ## Overview - **Organization type:** Bank / Wealth / Trust - **Headquarters:** North Las Vegas, United States - **Region:** North America - **Address:** North Las Vegas, NV 89084, United States - **Founded:** 2013 - **Assets under management:** Undisclosed - **Website:** physicianwealthsolutions.com - **LinkedIn:** https://www.linkedin.com/company/setu-mazumdar-md-cfp%c2%ae-544b8417 ## Regulatory record - **CRD number:** 151570 - **SEC file number:** 801-109977 - **Registration status:** Registered - **Latest Form ADV filing:** 2026-02-09 - **Reports private funds:** No ## About 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. ## Sectors - Healthcare Services ## People - Setu Mazumdar — President and Wealth Manager ## Questions ### Who runs investment decisions at Physician Wealth Solutions? Setu Mazumdar, the firm's founder and sole registered investment advisor, personally constructs and oversees all client portfolios. He holds the CFP, RICP, and AIF designations and implements an evidence-based investment philosophy that rejects stock-picking and market-timing in favor of broad diversification, low costs, tax management, and long-term discipline. ### Is Physician Wealth Solutions a fiduciary? Yes. The firm states on its website that it is a fee-only registered investment advisor that charges clients directly, does not sell financial or insurance products, and is legally required to act in a fiduciary capacity. Mazumdar highlights his Accredited Investment Fiduciary (AIF) designation as evidence of formal training in fiduciary standards. ### How does Physician Wealth Solutions handle client 401(k) and employer-retirement accounts? The firm integrates employer-sponsored retirement accounts, including 401(k) plans, into a holistic investment plan. Clients grant the firm advisory access so Mazumdar can manage those assets alongside taxable, IRA, and other accounts, ensuring portfolio construction aligns with the client's overall risk tolerance and tax strategy. ### What is the firm's approach to tax planning? Tax-aware investing is one of the five principles Mazumdar applies to portfolio management, alongside broad diversification, low costs, and market discipline. The firm also coordinates with client CPAs and accountants on broader tax-planning issues, though it does not prepare tax returns in-house. ### Does Physician Wealth Solutions participate in fund commitments or only direct securities? The firm uses evidence-based portfolio construction focused on broadly diversified, low-cost market exposure — primarily through individual securities and ETFs — and does not promote private fund commitments, alternative investments, or speculative strategies. Its public materials do not reference any direct co-investment or private-market access. ## Related profiles - [Physicians' Reciprocal Insurers](https://altss.com/profile/physicians-reciprocal-insurers) - [Phystech Leadership Fund](https://altss.com/profile/phystech-leadership-fund) --- Updated: 2026-10-23T13:38:53Z Canonical page: https://altss.com/profile/physician-wealth-solutions Maintained by Altss — https://altss.com — methodology: https://altss.com/methodology