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NAPFA to Connect Physicians Group with its Best Advisors

By Donna Mitchell
June 9, 2009
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The National Association of Personal Financial Advisors has forged an agreement with the MD Preferred Service Network to connect its members with potential physician clients. The program, called the MD Preferred Financial Advisor Network, was introduced at the NAPFA national conference in Washington, D.C., last week.

Only NAPFA-registered advisors can participate in the program, and a listing on the director requires no other additional qualifications. The MD Preferred Service Network helps doctors find realtors, mortgage brokers, financial planners and other service providers, said Michael O’Malley, president of the MD Preferred Financial Advisor Network, based in Elgin, Ill.

For an annual fee of $375, advisors listed on the directory will be allowed to display the MD Preferred Financial Advisor Medallion in their offices, on their websites and all other marketing materials, O’Malley said. Advisors can also be listed in more than one community, O’Malley said. “Advisors who are affiliated with NAPFA demonstrate a commitment to the highest of ethical standards—a commitment only a fiduciary can make,” O’Malley said.

Physicians who want to hire a financial advisor using the network can search the directory at www.mdpreferredfinancialadvisor.com. Before getting access to specific listings, users must agree to a legal disclosure that says the MD Preferred Financial Advisor Network does not provide financial advice or sell financial services, O’Malley said.
    

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