Wealth management & retirement planning for therapists & mental health professionals

Our dedicated team works specifically with mental health professionals and practice owners to optimize taxes, build high-powered retirement plans, navigate self-employed leave, and turn clinical success into lasting personal wealth.

What it's like to work with Farther

Three costly financial myths in private practice

Don’t let these misconceptions cost you money.

Myth 1: "An LLC is all I need to protect my practice income and minimize my tax bill."+−
Truth: As practice revenue grows, remaining a simple LLC or Sole Proprietor can lead to paying thousands in avoidable self-employment taxes. Electing S-Corp status and leveraging Pass-Through Entity Tax (PTET) strategies can save clinicians tens of thousands annually.
Myth 2: "I don’t have any retirement strategy options for my current practice."+−
Truth: Both SEP IRAs and Solo 401(k)s are powerful retirement vehicles that deserve careful consideration.
Myth 3: “With Summer Break my cash flow is very seasonal, launching my own practice seems unrealistic.”+−
Truth: Without corporate benefits, extended leave requires intentional architecture. By building structured cash-reserve buffers, short-term disability strategies, and passive income streams, you can fully step away without harming practice longevity

Closing the gap between clinical practice and personal wealth

For most mental health professionals, graduate school prepared you to deliver exceptional care, not to structure S-Corps, optimize tax deductions, fund self-employed maternity leave, or build high-yielding retirement plans. We’re here to close that gap.

High-capacity retirement & tax structuring

We implement strategies tailored to practice owners—including Solo 401(k)s, Cash Balance Plans, PTET strategies, and S-Corp salary optimizations: to keep more of what you earn.

Income smoothing & self-funded benefits

We design cash-flow strategies to handle insurance payout delays and private-pay fluctuations, while helping you self-fund parental leave, health coverage, and disability protection.

Practice optimization & scaling

Whether transitioning from solo practice to a group model, hiring associates, or preparing your practice for an eventual sale, we help align your business structure with your ultimate lifestyle goals.

Your practice & personal wealth hub

We bring your business finances, personal investments, tax planning, and estate structure into one unified strategy, acting as your primary fiduciary guide.

Retirement FAQs from mental health professionals

We understand there can be a gap between the information that HR and retirement plan providers give to you and the information you need to fully comprehend the sum of the pieces of your benefits.

Schedule a Consultation

How do you coordinate my entire financial life — from taxes and estate planning to my complex investments — in one place?+−
Farther acts as your wealth’s central hub. Our unified platform brings all your accounts together, while your dedicated advisor orchestrates your investment, tax, and estate strategies. The result is a seamless, proactive, and fully coordinated approach to managing every part of your financial life.
How do I know my information and my wealth are safe on Farther’s platform?+−
Farther’s platform uses advanced encryption, continuous monitoring, and a proprietary vault architecture engineered for maximum data integrity. Backed by leading global tech investors like Alphabet’s CapitalG, our systems are designed and vetted to keep your wealth safe.
How does your proprietary technology enhance, rather than replace, human investment expertise?+−
Our technology amplifies — not replaces — human expertise. The platform manages daily precision tasks, freeing your advisor to focus on strategy and nuance. This blend of advanced automation and human insight ensures your wealth benefits from both innovation and personal guidance.

Common financial questions from mental health professionals

Solo 401(k) vs. SEP IRA vs. Cash Balance Plan: Which is right for my practice?
At what revenue threshold should I elect S-Corporation tax status?
How do I financially plan for maternity, paternity, or extended sabbatical leave?
What specialized risk management do I need as a practice owner?
How do I prepare my practice financially if I want to expand from Solo to Group Practice?

Financial complexities for therapists

Running a mental health practice means wearing two hats: dedicated clinician and chief financial officer. Your practice entity structure, tax strategy, self-funded benefits, and personal retirement goals are deeply interconnected.

Michael Lee

Principal, Wealth Advisor & Focus Team Lead

San Francisco, CA