The wealth management firm that looks after $38 billion in assets on behalf of Canadian doctors, MD Physician Services Inc., is changing its name to MD Financial Management Inc.
The firm, which is owned by the Canadian Medical Association (CMA), says that the name change emphasizes its focus on providing financial planning and investment services for physicians and their families.
“Our name better reflects our expertise-namely, serving physicians throughout their career, whether they are a medical student wanting to minimize debt, a new-in-practice resident thinking about incorporation, or a practising physician looking for more tax-efficient strategies,” said Mike Gassewitz, executive vice president, member solutions, at MD Financial Management.
MD provides financial products and services, the MD Family of Funds and investment counselling services through the MD Group of Companies.
“Doing what is right for our clients-whether it is offering specialized services, salaried advisors or low fees-is an essential part of our ongoing commitment to them as MD begins this exciting new era,” Gassewitz said.