When selling or acquiring a sports medicine and performance therapy practice, having a specialized financial planner on your team can mean the difference between a good deal and a great one. These professionals help you navigate the complex financial implications of M&A transactions, from tax optimization and deal structuring to post-sale wealth management. The right financial planner understands the unique challenges of healthcare transactions and can work seamlessly with your M&A advisory team to maximize your financial outcomes.
Schedule a Confidential Strategy Session →
Top Financial Planner Firms Specializing in Sports Medicine & Performance Therapy
1. SovDoc
Headquarters: Not publicly disclosed
Service Area: National, with focus on multilocation practices
Website: https://sovdoc.com
2. Olson FP
Headquarters: Location varies by advisor
Service Area: National (virtual consultations available)
Website: https://olsonfp.com
3. WealthKeel
Headquarters: San Diego, CA
Service Area: National (remote services available)
Website: https://wealthkeel.com
Understanding the Role of Financial Planners in Practice Transactions
Financial planners serve a distinct but complementary role to M&A advisors in practice transactions. While M&A advisors focus on deal execution and maximizing transaction value, financial planners help you understand the personal financial implications of your sale or acquisition. For sports medicine and performance therapy practices, this includes analyzing how proceeds from a sale will impact your retirement planning, tax obligations, and long-term wealth preservation strategies.
The complexity increases significantly for multilocation practices, where owners often have varying equity stakes, different compensation structures, and complex operational agreements. A financial planner who understands healthcare can help you model different sale scenarios and their impact on your personal financial goals. They work closely with your financial advisors and valuation experts to ensure you’re making decisions based on comprehensive financial analysis.
Fee Structures and Investment Expectations
Understanding fee structures upfront helps you budget appropriately for professional services. For M&A advisory services like those provided by SovDoc, fees typically range from 1% to 5% of the total transaction value, often with a minimum fee for smaller transactions. These success-based fees align the advisor’s interests with yours – they only get paid when your deal closes successfully.
Financial planning fees operate differently. Firms like Olson FP charge for comprehensive planning packages that might include five structured meetings over four months, with fees ranging from $3,000 to $10,000 depending on complexity. WealthKeel and similar firms often use ongoing monthly fee models, charging between $200 to $600 per month based on household income and service level. These ongoing relationships ensure you have continuous support through the transaction and beyond.
How to Select the Right Financial Planner for Your Sports Medicine & Performance Therapy Practice Transaction
Choosing the right financial planner requires evaluating both their healthcare industry expertise and their experience with practice transitions. Start by scheduling consultations with at least two or three firms to compare their approach, experience with similar transactions, and fee structures. During these meetings, ask specific questions about their experience with sports medicine practices, their M&A advisor engagement process, and how they coordinate with other transaction advisors.
Look for planners who can provide references from other healthcare professionals who have completed similar transactions. The best financial planners for practice M&A will have established relationships with healthcare-focused attorneys, CPAs, and M&A advisors, creating a seamless team approach to your transaction. They should also demonstrate a clear understanding of the unique aspects of sports medicine practices, including the impact of ancillary services, performance enhancement programs, and the typically younger patient demographic on practice valuations.
Request a Complimentary Value Estimate →
Frequently Asked Questions
Why is it important to have a specialized financial planner for sports medicine & performance therapy practice transactions?
Specialized financial planners help navigate complex financial aspects of mergers and acquisitions (M&A) in this niche, including tax optimization, deal structuring, and post-sale wealth management. They understand healthcare-specific challenges and work closely with M&A advisory teams to enhance financial outcomes.
Which financial planner firms specialize in sports medicine & performance therapy practice transactions?
Top firms include SovDoc, Olson FP, and WealthKeel, offering national service areas with varying fee structures and consultation options ranging from virtual to on-site meetings.
What roles do financial planners play compared to M&A advisors in practice transactions?
M&A advisors focus broadly on deal execution and maximizing transaction value, while financial planners analyze the personal financial impacts, such as retirement planning and tax obligations, helping owners model different sale scenarios and align outcomes with personal goals.
What fee structures do financial planners for sports medicine and therapy practices typically use?
Financial planners may charge comprehensive package fees (e.g., $3,000 to $10,000 for Olson FP’s structured meetings) or ongoing monthly fees based on income and service levels (e.g., $200 to $600 per month at WealthKeel). M&A advisory fees often range from 1% to 5% of total transaction value.
How should one select the right financial planner for a sports medicine & performance therapy practice transaction?
Evaluate their healthcare expertise, experience with practice transitions, and fee structures. Schedule consultations with multiple firms, ask about their experience with sports medicine and M&A advisor coordination, request references, and look for planners with strong healthcare industry relationships and understanding of practice-specific valuation factors.
