Earned Wealth, a NYC-based financial services firm tailored for medical professionals, has secured $200 million in funding. The round was led by Summit Partners and Silversmith Capital Partners, with participation from existing investors Juxtapose, Hudson Structured Capital Management, and Breyer Capital. As part of the investment, Jeff Crisan, Managing Partner at Silversmith, and Darren Black, Managing Director at Summit Partners, will join Earned Wealth’s Board of Directors.
Expansion and Innovation Plans
The substantial funding will be used to enhance Earned Wealth’s platform and offerings through product innovation and strategic acquisitions. The company aims to broaden its suite of services, further solidifying its position in the financial services sector for healthcare professionals.
About Earned Wealth
Founded by CEO John Clendening, Earned Wealth specializes in providing financial services exclusively to healthcare professionals and medical practices. The firm utilizes a doctor’s career trajectory—from residency to private practice and retirement—as a framework for its data-driven financial recommendations. This approach ensures that financial planning and adjustments are tailored to the unique career stages of medical professionals.
Earned Wealth’s offerings include wealth management, tax, accounting, payroll, and retirement plan solutions. The company leverages technology to provide seamless, centralized financial management, helping doctors maximize their earnings, make smarter investments, and mitigate risks. Specially trained Certified Financial Planners™ are equipped to address the specific financial needs and career changes of medical professionals.
Strategic Acquisition
In line with its expansion strategy, Earned Wealth has acquired Thomas Doll, a financial services provider for medical professionals and practices. This acquisition is expected to accelerate growth and broaden the range of services available to clients.
Current Reach
Earned Wealth currently serves over 3,000 clients and manages more than $2 billion in assets. The company’s targeted approach and comprehensive service offerings have positioned it as a leading financial services firm for the healthcare sector.
This significant funding and strategic acquisition underscore Earned Wealth’s commitment to enhancing the financial well-being of medical professionals through innovative solutions and expert guidance.
