Financial Planning for Therapists

We are a wealth advisor serving the Morristown, New Jersey area and beyond. Many of our clients are mental health professionals, therapists in private practice, and mental health group practice owners. 

We have specialized knowledge of:

  • Financial planning for therapists
  • Financial tips for group practice owners
  • Retiring from your private therapy practice
  • Setting up a retirement plan for your group practice

We are the creators of the “Wealth on the Couch” Financial Planning Session for therapists and group practice owners.

Having anxiety about money isn’t something that most therapists are consciously aware of.

In your “on the couch” financial planning session, you will:

  • Explore your inner feelings and thoughts about your wealth, and gain clarity about how they may be influencing your behavior
  • Learn financial techniques for better managing the financial stresses that may be materializing in your life, relationships, and your career as a therapist
  • Create a self-aware financial plan to help you maintain better habits and make smart money decisions in the future

If you are starting a private practice, we may additionally:

  • Provide guidance as to how to pay yourself in a private practice, if you are in the process of starting one.
  • Offer financial planning and financial tips for starting a private practice

Just like you would never watch a few episodes of Oprah or Dr. Phil and consider your worries handled, these sessions are designed to bring wholeness to your financial life through the guidance of a licensed professional who is well versed in the financial challenges of mental health professionals, therapists, and private practice owners.

To book your Wealth on the Couch session or learn more about financial planning for therapists and private practice owners, contact us.

Sign up here to be notified when we publish a new article on the Psyched Up About Money Blog! This newsletter is exclusively focused on financial planning tips for therapists, mental health professionals, and private practice owners.

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Psyched Up About Money Blog

This blog talks about closing a therapy practice.

The finance aspects of closing a therapy practice

Reading Time: 7 minutes Of all aspects of being a mental health professional, there is little said about the financial aspects associated with closing a therapy practice. In this blog, we’ll cover all that, and more: How to tell your practice’s clients you are …

When do therapists retire (and how?)

Reading Time: 5 minutes One of the more common questions we get when providing financial planning for therapists in our practice is the question of when therapists retire.  There’s a great lack of clarity about when and how to retire from a therapy practice, …

How to expand your therapy practice to another state! Interview with Margarita Khosh

Reading Time: 5 minutes Welcome back to the Psyched Up About Money blog. In this interview with Margarita Khosh of MK Medical Solutions, we discuss the important points about how to expand your therapy practice to another state and understand the licensing requirements involved with that.

In this blog, we’re going to talk about financial tips for therapists starting a private practice.

Financial tips for therapists starting a private practice! Interview with Gordon Brewer

Reading Time: 11 minutes In this blog, we’re going to talk about financial tips for therapists starting a private practice. We are thrilled to welcome our guest Gordon Brewer, a therapist, private practice consultant, and the host of the Practice of Therapy podcast.

This blog talks about how therapists should pay themselves in private practice.

How do you pay yourself in private practice? Interview with Miranda Palmer

Reading Time: 4 minutes How does a therapist decide on a fee structure? In this episode, I am honored to have Miranda Palmer, LMFT with me. She helps therapists get great clinical outcomes and build happy, full practices. The subject of today’s talk is getting clear about the finances and what fees you are charging.

Need advice about how to grow your business? Ask a psychotherapist!

Reading Time: 3 minutes Need advice about how to grow your business? Ask a psychotherapist! There are all sorts of advice-givers on the subject of how to run a business. Businesses consist of people who, at the core, have complex emotions that need to be managed; in a way, running a business is a little bit like being a psychotherapist at times.