Earned Wealth, a financial services firm focused on serving doctors, has raised $200 million in a funding round led by Summit Partners and Silversmith Capital Partners. Existing investors, including Juxtapose, Hudson Structured Capital Management, and Breyer Capital, also participated in the round. The company, founded in 2021, provides a comprehensive platform for doctors to access wealth management services, including financial planning, tax planning, and investing.
Earned Wealth has experienced rapid growth, now boasting over 3,000 clients and $2 billion in assets under management. The new capital will be used to expand Earned Wealth’s offerings and pursue acquisitions of other businesses that cater to medical professionals.
Earned Wealth expands services for doctors
As part of this expansion strategy, the company has recently acquired Thomas Doll, a firm with a 40-year history of serving the financial needs of doctors and dentists. Earned Wealth’s founder and CEO, Ryan Clendening, commented on the investment, stating, “Our goal is to become the one-stop shop — the only financial services provider that doctors need for both their personal wealth and practice needs.
The acquisition of Thomas Doll is expected to enhance Earned Wealth’s capabilities and commitment to serving its clients with excellence. The two companies share similar values, cultures, and philosophies, making the combination a natural fit.
The wealth management industry has been undergoing significant changes in recent years, driven by shifts in consumer expectations and demands. Earned Wealth’s success in attracting substantial investments and making strategic acquisitions highlights the growing demand for transparent and digitally accessible financial solutions tailored to specific professional groups, such as doctors.
