Podcast appearances and mentions of cain watters

The sale structure of a dental partnership is an important detail that can impact the deal and life as partners. One structure may sound like the best option—be it for simplicity or efficiency—but that doesn't mean it will have the best outcome in the future. Joining this episode to offer their legal and financial expertise is attorney Matt Mitchell from Friday, Eldredge and Clark LLP and Cain Watters & Associates Financial Planner Sarah Oliver. They discuss the tax and legal implications of asset versus stock sales, common misconceptions, repercussions of making adjustments after the fact and the importance of operating agreements.

When the documents are signed and you've officially closed on your practice purchase, you're likely eager to now jump into the job head on. To help new owners financially thrive post-close, Charles and Cain Watters & Associates Financial Planner Zane Harris lay out some key considerations. They touch on marketing strategy, curating your vendors, equipment and technology, tax planning, depreciation strategies and even some personal considerations, like new homes and student loans.

Closing on a practice sale signifies the monumental moment for buyers of crossing the finish line and starting a new chapter of your career. To set yourself up for success in the practice, there are several financial decisions to make 30 days prior to closing the deal. Charles invites Cain Watters & Associates Financial Planner Zane Harris to weigh in and help buyers through this critical period in the dental transition process.

Identifying opportunities for improvement can ultimately position your practice in an attractive spot for a buyer down the line. Cain Watters & Associates Partner Judson Crawford joins Christy on this episode to dive into the latest version of the Dental Practice Comparison Report. They'll discuss the key findings from the nationwide practice data and lay out some guidelines for growing your practice this year.

Brittany Frazier is an alumna of Southern Methodist University with a Bachelor of Business Administration in accounting, a Bachelor of Arts in Spanish, and a Master of Science in accounting. After beginning her career in New York City at PricewaterhouseCoopers she joined the Cain Watters and Associates (CWA) team in Dallas in 2013. Brittany guides her clients to reach their financial potential and long-term wealth accumulation goals. One of the most rewarding aspects of her role is creating invaluable relationships with clients so they feel secure in their future, confident in their financial plans, and committed to the process. Brittany is a Certified Public Accountant and an Investment Advisor Representative. In addition to her role as a financial planner, she has donated her time for 10 years with the 3to1 Foundation, helping educate Dallas Independent School District students and the community on financial literacy topics. Brittany founded the Women in Financial Planning Group at CWA, establishing mentorship programs and productive meetings to further develop and support its female leaders in their careers. https://www.cainwatters.com/

Welcome to the Hey Docs! Podcast with your host, Jill Allen. Today, I have a special guest, Charles Loretto, from Cain Watters & Associates, joining me on the show. I know that financial planning can be a bit of an undertaking for us all, so Charles is here to break it down. From where you should start to market trends and the best pieces of advice, there is a lot to learn! Pull out your notebooks. Let's get into it! Summary Charles Loretto, a financial planner specializing in dentistry, shares his journey and passion for orthodontics. He emphasizes the importance of owning a business and provides insights into the financial aspects of starting and growing an orthodontic practice. Charles discusses the different stages of financial planning, from basic accounting to tax planning and wealth building. He also highlights current trends in the industry, such as lower down payments and the impact of private equity on practice valuations. In this conversation, Charles Loretto and Jill discuss the value of dental practices, trends in practice transitions, the role of technology in orthodontics, and the availability of practices for sale. They also touch on private equity and the financial planning considerations for young doctors.  https://www.cainwatters.com/https://www.facebook.com/CainWatters/https://www.linkedin.com/company/cain-watters-&-associates/?trk=top_nav_home https://www.youtube.com/channel/UCCu1ZtPhTapsGg_-MPSxRng Takeaways Owning a business offers financial benefits, including increased income, equity building, and tax planning opportunities.Financial planning should be tailored to the unique needs of orthodontic practices, including specific accounting practices and projections.As practices grow, it is important to graduate to more comprehensive financial planning services that address complex issues like pension planning and investments.Trends in the industry include lower down payments for treatment and the continued influence of private equity on practice valuations. Understanding the value of a dental practice is crucial when considering a sale or transition.Outsourcing and lean practices are becoming more common in the dental industry.Customized treatment plans and the use of technology are shaping the future of orthodontics.Private practice sales and private equity investments are impacting the industry.Financial planning and surrounding oneself with the right professionals are key for young doctors.Connect With Our AdvertisersKaleidoscope - Orthodontic Digital Marketing GreyFinch - Web Based Practice Management SoftwareSmileSuite - Customizable Presentation Software and Post-Consultation Follow-Up Chapters 00:00 Introduction and Background03:20 Passion for Orthodontics09:58 Financial Planning at Different Stages27:50 Trends in Financial Planning33:08 Understanding the Value of a Dental Practice34:02 Trends in Practice Transitions 35:35 Outsourcing and Lean Practices36:27 Customized Treatment Plans 38:22 The Role of Technology in Orthodontics39:25 Managing Team Costs and Lab Bills40:22 Private Practice Sales and Private Equity41:47 The Availability of Practices for Sale43:10 Evaluating Practices from a Private Equity Perspective45:39 Valuing Higher-End Practices 47:53 Taking the Money Off the Table48:18 Financial Planning for Young Doctors49:29 Three Pieces of Advice for Young Doctors55:21 Speed Round Are you ready to start a practice of your own? Do you need a fresh set of eyes or some advice in your existing practice? Reach out to me- www.practiceresults.com.    If you like what we are doing here on Hey Docs! and want to hear more of this awesome content, give us a 5-star Rating on your preferred listening platform and subscribe to our show so you never miss an episode.   New episodes drop every Thursday!   Episode Credits:Hosted by Jill AllenProduced by Jordann KillionAudio Engineering by Johnny Mitchell

With the implications of inflation, interest rates and economic volatility looming, some doctors may feel uncertain about making a big career decision. How can current and future practice owners make sense of it all? What can they do to stay positive as they approach a future practice sale? Brian Bortz, Cain Watters & Associates Partner, joins this episode to provide an update on the economy and investment markets. He addresses concerns that buyers and sellers may have and shares how they can navigate the current climate.

Since 1984, CWA has provided dental professionals with financial education and comprehensive financial services. A trusted name in the industry, we work with thousands of dentists and dental practice owners in all 50 states. Cain Watters Reports: All specialties: https://www.cainwatters.com/hdydpc-contact/ Pedo deep dive: https://www.cainwatters.com/pediatric-comparison-report/ Ortho deep dive: https://www.cainwatters.com/ortho-comparison-report-form-page/ 00:00 Intro 00:41 Episode Intro 1:48 Cain Watters 5:11 What do Advisors do for You? 7:10 What is the "Dental Tax" & Is it worth it? 9:45 Hiring Accounting Services After Purchasing 12:27 Identifying Financial Inefficiency in a Practice 15:15 What to Pay Attention to Post Close 20:02 How-To Implement Management Strategies 26:59 Managing the Rising Cost of Wages 32:05 Scalability - Two Docs in One Practice 35:35 Seller Workback Agreements 41:09 Benefit of Working with Advisors SHOW HOST: As a dental buyer representative, Michael Dinsio helps dentists buy dental practices step-by-step. With over a decade of experience and more than 500 dental transactions, Michael is a key opinion leader in the dental industry. This program helps walk dentists through the process of becoming a dental practice owner via dental practice acquisitions. If you would like a free consult with Michael or would like to work with Michael in the future visit his webpage. https://www.nxlevelconsultants.com DENTAL UNSCRIPTED HAS A WEBSITE ! ! ! Find all the content from SEASON 1:Start Up Unscripted... as well as SEASON 2: Dental Acquisition Unscripted all here in one spot here

While more women than ever are entering the field of dentistry, there's still some hesitancy among women about becoming a practice owner. With self-doubt obscuring the picture, many female dentists wonder how to navigate a successful career, build a thriving practice and achieve “mom of the year” status. Angie Svitak, Cain Watters & Associates Financial Planner, joins Christy on this empowering episode to show female dentists that with the right amount of confidence, prioritization and support, it's 100% possible to achieve their goals.

Despite what dental practices are seeing with staffing shortages, inflation and rising costs, practices have proven to be resilient. Cain Watters and Associates Partner Hunter Satterfield joins Charles on this episode to pause and assess the recent trends across practices and offer solutions to help owners respond and grow.

Brittany Frazier is an alumna of Southern Methodist University with a Bachelor of Business Administration in accounting, a Bachelor of Arts in Spanish and a Master of Science in accounting. Her career started at PricewaterhouseCoopers in New York City before moving to their Dallas office. There, as a senior associate, she worked extensively in tax compliance and consulting services in both the financial and private-company service industries. She joined the CWA team in 2013. Brittany is a Certified Public Accountant and an Investment Advisor Representative. In addition to her role as a financial planner, she has donated her time for 10 years with the 3to1 Foundation, helping educate DISD students and the community on financial literacy topics. Brittany founded the Women in Financial Planning Group at CWA, which has coordinated mentorship programs and productive meetings to discuss big ideas and support the firm's female advisors. She lives in Dallas with her husband and two young sons.

It's not easy to cultivate a successful dental partnership. With years of experience working with dentists, Cain Watters & Associates CPA and Partner David Forbess returns to Transition Talk to offer his expertise and discuss real-life examples of conflicts in partnerships. Together, David and Christy illustrate the importance of starting the conversation before the worst-case scenarios take shape.

With money, effort and time put into a dental practice, owners want to know what their life's work has amounted to and how they can increase their overall practice value. Recorded live at the Cain Watters & Associates Annual Meeting, Charles and Christy teamed up with the co-hosts of the Accumulating Wealth Podcast to weigh in on the question that's on every practice owner's mind, “What's my dental practice worth?”

It's hard to imagine that, a little more than two years ago, many dentists were only allowed to see patients in emergency cases. But in the flood of patients following loosened Covid-19 restrictions, and the staffing shortages many dental practices now face, what can we learn from the difficulties of recent years? In this episode, we're joined by Charles Loretto, a partner at Cain Watters & Associates (CWA), which has provided dental professionals with financial education and comprehensive financial services since 1984. Charles oversees the practice transition department for CWA and founded its affiliate company, National Dental Placements (NDP), which assists doctors in the buying, transitioning, and valuation of a practice.  We'll discuss: How practice owners navigated the difficulties of Covid-19 restrictions What changes and challenges the industry has faced since then Things to consider if you are looking to start a new practice in the current market Long-term dental industry trends we expect to see play out in the years ahead Are you ready to take the next step toward your practice ownership dreams? Visit getprovide.com.

Which business structure yields the most advantages for both the buyer and seller? Which structure will set the dental partnership up for success? Although one type may be easier to set up, which one has the most long-term benefits? Cain Watters & Associates Financial Advisor David Forbess joins this episode to dive into the answers and discuss the pros and cons of the various business structures.

Brittany is an alumna of Southern Methodist University with a Bachelor of Business Administration in accounting, a Bachelor of Arts in Spanish and a Master of Science in accounting. Her career started at PricewaterhouseCoopers in New York City before moving to their Dallas office. There, as a senior associate, she worked extensively in tax compliance and consulting services in both the financial and private-company service industries. She joined the CWA team in 2013. Brittany is a Certified Public Accountant an Investment Advisor Representative and a proud mommy to her two young sons. She founded CWA's Women in Financial Planning organization in 2020, aimed to help professional women collaborate to reach success both in the workplace and home life. Brittany is passionate about financial education, which is exemplified through her volunteer work with the 3to1 Foundation, which teaches financial literacy to youth in Dallas and beyond.

Today's episode is all about taxes. As pediatric dentists, we have tax issues, and dental school doesn't give us the foundational knowledge we need to understand how taxes work and how to play the game. Scott Clynch is a CPA and personal financial planner at Cain Watters. He joins us today to talk about how taxes work. We start big picture with basic concepts and definitions, and then walk through how taxes work at each career stage that a typical pediatric dentist goes through. Some things we talk about: - Marginalized vs effective tax rate, differences between deductions and credits - W2 vs 1099 employees - What can an employee dentist do to lower his/her tax bill? - What is an S-corp and how does it work? - What expenses should be run through a practice? What areas are grey and what's on the black list? - When does it make sense to implement a 401k plan for tax purposes? - What is a capital gains tax, and how does it work when a pediatric dentist finally sells his/her practice?

If there's one thing that all orthodontic practice owners have in common, it's that we love to increase profitability—especially when it doesn't require much additional effort or expense. On this episode of TDO: Live!, I'm joined by three financial experts: Dr. Ben Dyches from Dr. Tax Credit discusses the R&D tax credit and how it can net clients anywhere from $15,000 to $100,000; Oliver Gelles, Senior VP at OrthoFi, shares his perspective on the new patient exam and the changes you can make to start more new patients; and Hunter Satterfield from Cain Watters and Associates squeezes his greatest tax and financial planning tips into 20 minutes. Note: This content is for informational purposes only. You should not construe the information provided as legal, tax, investment, or financial advice. All content presented is information of a general nature and does not address the circumstances of any particular individual or entity. Thank you! Special thanks to our episode sponsor, OrthoBanc!

If there's one thing that all orthodontic practice owners have in common, it's that we love to increase profitability—especially when it doesn't require much additional effort or expense. On this episode of TDO: Live!, I'm joined by three financial experts: Dr. Ben Dyches from Dr. Tax Credit discusses the R&D tax credit and how it can net clients anywhere from $15,000 to $100,000; Oliver Gelles, Senior VP at OrthoFi, shares his perspective on the new patient exam and the changes you can make to start more new patients; and Hunter Satterfield from Cain Watters and Associates squeezes his greatest tax and financial planning tips into 20 minutes. Note: This content is for informational purposes only. You should not construe the information provided as legal, tax, investment, or financial advice. All content presented is information of a general nature and does not address the circumstances of any particular individual or entity. Thank you! Special thanks to our episode sponsor, OrthoBanc!

Charles Loretto is a partner at Cain Watters and Associates, a firm which needs no introduction in the world of dentistry. Charles oversees the practice transition department for CWA, and is founder of affiliate company, National Dental Placements, that assists doctors in the buying, transitioning and valuation of a practice. He and his team help hundreds of clients and non-clients with their transition goals annually.

Courageous ConversationsKatherine Eitel Belt, CSP, is Dentistry's Unscripted Communications Coach!Founder and CEO of LionSpeak, Katherine is an international speaker, author, and performance coach. She is best known for helping professionals develop courageous, unscripted conversations with patients, clients, co-workers, and audiences.Whether communicating from a treatment room, consult room, boardroom, or stage; Audiences love her simple yet powerful formulas for delivering messages with clarity, courage, and inspiration.For 30 years Katherine has keynoted annual conferences in the U.S., Canada, and the U.K., coached thousands of dental professionals in hundreds of practices. In addition has consulted or presented for companies such as Care Credit, Henry Schein, Patterson Dental, Dentsply Sirona, e-Assist, Cain Watters, Pacific Dental Services, and Philips Oral Healthcare.Katherine is a Certified Speaking Professional (CSP). The CSP is an earned designation of the National Speakers Association achieved by less than 10% speakers worldwide and she is one of only seven dental professionals to hold the certification.Furthermore, she is also a Spotlight-On-Speaking champion & Speaking Consulting Network founding member. Katherine was also president of the Academy of Dental Management Consultants. In addition, she has also been a member of AADOM/ASCA, Dental Business Institute and Dental Speakers Institute faculty member, and recipient of the Linda Miles Spirit Award.A cornerstone of productive, positive work cultures is the ability to communicate within a team. Therefor, a successful approach includes compassion, accountability, non-judgement, and accuracy. Courageous Conversation skills help owners, managers, and team members stop avoiding these important conversations and learn to embrace and succeed with them by using a self-management checklist and a simple 4-step conversation framework.These include necessary conversations about broken agreements, under performance, non-participation, negativity, or toxic behavior. Learn a life-changing way to improve leadership, relationships, and results.Want to learn more about LionSpeak Communications?Visit: lionspeak.netTo Find and Listen to all of The Dental Brief EpisodesVisit: dentalbrief.comOur Sponsor: OmniPremier.com

Today’s guest is the founding partner of Cain Watters and Associates. CWA was founded in 1984, with a primary focus of advising and supporting small business owners in the dental field. Over the last 36 years, Cain Watters and Associates has grown to become a large and diverse financial institution with 11 partners and more than 130 employees. You can learn more about CWA and access a TON of great resources pertaining to COVID-19 at cainwatters.com.This discussion is for informational purposes only. Please don’t take of this as legal, tax, investment, financial, or other advice. Also, nothing in this podcast constitutes a solicitation, recommendation, endorsement, or otherwise of any nature.Everything we discuss here is general in nature and does not address the circumstances of any particular individual. Please talk to your personal financial consultant for advice specific to your personal situation.

Judson graduated from Texas Tech University in 2002 with a Master of Science in accountancy. He began his career as a staff accountant at Ernst and Young in Dallas. After several years in corporate tax consulting, he became a planner for Cain Watters and Associates in October of 2004. Judson has excelled at making personal connections with his clients that help him ensure the best financial future for them, their families and the generations to come. In 2014 Judson became a partner at CWA. In addition to his role as a CPA, he is the executive board member responsible for CWA’s Marketing and Communications department. Judson is active in both professional and collegiate recruitment for the firm, and serves as a mentor to new planners and associate planners. Judson is a Certified Public Accountant and an Investment Advisor Representative.

Strategic savings is an essential part to accumulating wealth. CPA Hunter Satterfield sits down with Tom Sanders, partner at Cain Watters and Associates, to talk about strategically saving through tax-deferred vehicles. Submit your questions or comments for Hunter at cainwatters.com/wealthpodcast.

CPA Hunter Satterfield sits down with Darrell Cain, the founder of Cain Watters and Associates. Together they discuss his philosophy on wealth accumulation and the concept of compounding interest. Submit your questions or comments for Hunter at cainwatters.com/wealthpodcast.

Bonus Episode: 3-to-1 Wealth Accumulation Strategy, an Interview with Darrell Cain by Cain Watters

Nate Williams graduated from Brigham Young University with a Masters Degree in Accounting. He is a Certified Public Accountant (CPA) and Certified Financial Planner (CFP). He started his career at the Big 4 public accounting firm Deloitte, then worked at Cain Watters in Dallas before founding his current firm, Practice Financial Group, in 2010.   Nate works as the managing partner of Practice Financial Group provides comprehensive tax, accounting and financial planning services exclusively to dental practice owners across the country.   www.PracticeFinancialGroup.com

Getting your CPA, financial planner and other professionals all on the same team…your team! For the last 16 years, Charles Loretto has been an Investment Advisor Representative with Cain Watters and Associates. Each week, he presents to dental schools, residency programs, study clubs, dental symposiums and state and national dental meetings. He works daily with dentists and other healthcare providers to carefully choose the financial team that will guide their practices and manage their personal finances. He is also the founder of National Dental Placements, a CWA affiliate company that assists doctors in buying, transitioning and valuation of a practice. To help us assemble the criteria for organizing your total financial team, we welcome Charles Loretto as our Crown Council Mentor of the Month.

Dan is an alumnus of Kansas State University and began his career at KPMG. He joined Cain Watters and Associates as a financial planner in 1997. When the company developed a partnership structure in 2008, Dan was elected to oversee CWA as its managing partner due to his previous success in serving over 100 clients for over 10 years. In addition to seeing long-term clients, he oversees the financial planning process as well as the financial planners as the managing partner. He regularly shares his knowledge at the CWA Practice Transition Seminar, dental society meetings and study clubs nationwide. He is a Certified Financial Planner and has a Personal Financial Specialist (PFS) license from the American Institute of Certified Public Accountants. He is also an Investment Advisor Representative and a member of the Texas Society of CPAs. Dan is an avid outdoor enthusiast and enjoys spending as much time as possible waterskiing, snow skiing and running. He is married to Kim and has two children Justin and Jenna.