Its one thing to underwrite an investment insurance policy or other financial planning strategies to a potential client, it’s another thing to provide the client before underwriting, assurance they will see measurable results both on the short and long term.
Industry Overview
- Number of Family Medicine, General Practice: 43,500
- Number of Medical Physician Specialists: 40,750
The Primary Care Doctors industry in Canada, which includes general practitioners who provide comprehensive first contact and continued care.
- Annual Revenue: $34 billion
- Annual Growth 2013-2018: 2.9%
- Number of Employees: 159,059
- Number of Practices: 79,323
Physician supply
- Number of active physicians (excluding residents) as of January 2018: 84,2601
- There are 2.30 physicians per 1,000 in population
Sources:
1CMA Master file, January 2018, Canadian Medical Association
2Supply, Distribution and Migration of Canadian Physicians, 2016, Canadian Institute for Health Information
Physician mix
- 52% are family physicians; 48% are specialists of other disciplines.
- 39% (32,978) are aged 55 or older.
- 42% are female; 58% are male. Two thirds (65%) of family physicians under age 35 are female.
- 74% graduated from a Canadian medical school, 23% graduated from a foreign medical school, 3% not stated.
Sources:
CMA Master file, January 2018, Canadian Medical Association
Physician distribution
- About than 8%3 of physicians practice in rural areas whereas about 19%4 of Canadians live in rural areas. The figure for family physicians is 14% compared to 2% of specialists3.
- There is a higher concentration of foreign medical graduates in Saskatchewan (52% of all physicians) and Newfoundland (37%) than in provinces such as Quebec where only 10% graduated outside Canada5.
- 74% of Canadian graduates practice in the province where they graduated. Graduate retention figures range from 39% in Nova Scotia to 85% in Quebec5.
RFG Mission
To provide best in class highly diversified tax compliant insurance based investment solutions and financial planning strategies that offer, capital growth, access to capital and long term financial stability within the practice itself, the ownership, stakeholders and its employees.
Giving you the freedom to focus on the reasons you went into practice in the first place.
RFG Vision
To be the very best insurance investment and financial planning resource in the Canadian physician market that exceeds physician investor expectations while providing peace of mind, stability, trustworthy advice and support on the long term that you can count on.
Who We Are
RFG serves very specific sensitive markets that demand a thorough knowledge and understanding as to financial priorities and offer the deepest level of service and experience needed to achieve financial goals.
RFG stress free expert advice in the insurance investment and financial planning industry is not a typical company that sells insurance policies, but provides tax compliant innovative solutions that exceed and meet very specific demands and requirements that are driven by your best interests and needs in mind.
Our philosophy is very straight forward, we look not to our own interest but the interest of who we provide expertise to.
Special Insurance Needs Identifies Our Diversity In The Medical Practice Field
We address some of the following at a high level:
- Taxes and your investment asset mix
- Corporate-owned permanent life insurance
- Financial Planning
- Estate Planning
- Risk Management
- Retirement Planning
- Insured Annuities
- Income and Equity Funds
Our Product / Service Diversity
Very few insurance investment and financial planning organizations in today’s market are as diverse as Royale Financial Group. The overall advantage that RFG possesses, is their imitate knowledge of every insurance company and its offerings. We also are known for customizable tax compliant financial planning solutions that are very effective. With that competitive edge we can provide competently solutions that deliver important comparative analysis enabling the physician practice a more educated approach which enables one to make an informed and sound decision. As a client you immediately have legal, accounting, technology and industry market knowledge immediately available to you under one umbrella, you are in a position of strength to determine what’s in your best interest not ours.
Another major advantage, we provide trusted advisors that have significant market knowledge of the insurance investment and financial planning industry, that can review and assess propositions that you may have received at no cost to you. We do the leg work, you make the decisions, were there for you.
Our Insurance Investment Solutions Advantage Plus Program provides the highest level of confidentially, ways to access capital through insurance investing, provide dividend income returns, significant tax reductions, produce a hybrid financial plan, personal direct banking management system enabling greater control of your revenue and bottom line and we are just touching the surface.
As a very specialized company addressing specific sensitive markets, our diversity and knowledge in this higly volatile market provides you a significant advantage now and in the future. Preservation, Protection, Planning of one’s current and future business revenue will determine the best insurance and financial planning solutions.
PLEASE NOTE:
If you are one of the principal shareholders, owner or partner of the Practice, Royale Financial Group Inc can provide timely insurance investment vehicles and financial planning strategies that are considered the best in the industry.