Financial Empowerment Program for Medical Professionals

Financial education, guidance and customized solutions

First Citizens Bank and Riverside County Medical Association have partnered to help you achieve financial wellness

Our financial wellness program was created specifically for medical organizations to meet the needs of medical professionals and provides:

  • Easy access to valuable financial education and information from our experts through webinars and newsletters
  • Financial planning support for all stages of  your future
  • Preferred pricing on financial products

Ready to Get Started?
Let's connect to discuss your banking needs

Let's explore how we can put our extensive healthcare financial experience to work for you.

Services for all stages of your career

Financial wellness and planning resources

  • Student loan payoff
  • Investment and retirement savings
  • Children's education savings
  • Tax strategies for generational gifting

Special offers

  • Premier checking and savings options
  • Mortgage solutions and home equity lines of credit
  • Lending solutions
  • Visa® Rewards credit card

Financial wellness and planning resources

  • Investment and retirement savings
  • Tax strategies
  • Financial action plan to implement over time

Special offers

  • Premier checking and savings options
  • Mortgage solutions and home equity lines of credit
  • Lending solutions
  • Visa® Rewards credit card

Financial wellness and planning resources

  • Retirement transition planning
  • Partner transition services
  • Trust and estate planning
  • Navigating Medicare

Special offers

  • Premier checking and savings options
  • Mortgage solutions and home equity lines of credit
  • Lending solutions
  • Visa® Rewards credit card

Grow

  • Fund current and future needs
  • We can help with many types of growth and financing solutions—practice buy in/out, equipment financing, owner-occupied real estate and operating lines of credit

Manage

  • Optimize cash flow
  • We can help your practice collect money quicker, hold it longer and move it more efficiently—merchant processing, purchasing cards, ACH and wire capabilities, fraud protection and more

Mitigate

  • Plan for today and tomorrow
  • Our specialists offer guidance on protecting your business and planning for future transition with insurance solutions and wealth services

Video spotlight
Debt management

How should medical professionals approach debt management? Discover several strategies that could help you pay off your medical school debt.

Debt management for medical professionals video

First Citizens Bank

Financial empowerment program for medical professionals

How should medical professionals approach debt management?

According to the American Medical Association, 7 in 10 medical students graduate with debt, and that average debt load in 2023 was just over $200,000.

Slide value: $202,453 the average debt load in 2023

Source: American Medical Association | Medical student financial FAQ: Insight on loan forgiveness, repayment

So when you're thinking about planning, you're going to be balancing two—what feels like—contradictory goals. You'll be paying down your debt, but at the same time, you're still planning and making financial expenditures. When it comes to debt management, you do want to start replacing higher-interest debt with lower-interest debt.

How do you do that? Pay off those higher-interest debt payments first. You can also do a cash-out refinance if available. So at the beginning of your career, if maybe you purchased a home or some other living arrangement like a condo and it's appreciated in value, you have some equity in that structure, you can do a refinance—hopefully at lower interest rates—and cash out some of that equity and use that to pay down your higher-interest debt.

And sometimes when you have a family that's willing, you can pay down your student loans and establish a promissory note with your parent at lower interest rates. Typically, it's AFR, which comes out monthly. AFR is the Applicable Federal Rate. You have to charge at least a minimum in an intra-family loan, but it would be much less than what you would be paying to pay off your federal or other nongovernment student debts.

What happens next?

Let's get you on a path to financial wellness today.

Email PremierClientServices@FirstCitizens.com

Call 888-219-1701

Schedule an appointment online

Mention that you're part of the Medical Practice Program to receive program benefits.

Disclosures

This material is for informational purposes only and is not intended to be an offer, specific investment strategy, recommendation or solicitation to purchase or sell any security or insurance product, and should not be construed as legal, tax or accounting advice. Please consult with your legal or tax advisor regarding the particular facts and circumstances of your situation prior to making any financial decision. While we believe that the information presented is from reliable sources, we do not represent, warrant or guarantee that it is accurate or complete.

Your investments in securities and insurance products and services are not insured by the FDIC or any other federal government agency and may lose value.  They are not deposits or other obligations of, or guaranteed by any bank or bank affiliate and are subject to investment risks, including possible loss of the principal amounts invested.

About the Entities, Brands and Services Offered: First Citizens Wealth™ (FCW) is a marketing brand of First Citizens BancShares, Inc., a bank holding company. The following affiliates of First Citizens BancShares are the entities through which FCW products are offered. Brokerage products and services are offered through First Citizens Investor Services, Inc. ("FCIS"), a registered broker-dealer, Member FINRA and SIPC. Advisory services are offered through FCIS, First Citizens Asset Management, Inc. and SVB Wealth LLC, all SEC-registered investment advisors. Certain brokerage and advisory products and services may not be available from all investment professionals, in all jurisdictions or to all investors. Insurance products and services are offered through FCIS, a licensed insurance agency. Banking, lending, trust products and services, and certain insurance products and services are offered by First-Citizens Bank & Trust Company, Member FDIC, and an Equal Housing Lender, and SVB, a division of First-Citizens Bank & Trust Company. icon: sys-ehl

For more information about FCIS, FCAM or SVBW and its Investment Professionals, go to:

FirstCitizens.com/Wealth/Disclosures

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Subject to credit approval.

Your investments in securities and insurance products and services are not insured by the FDIC or any other federal government agency and may lose value.  They are not deposits or other obligations of, or guaranteed by any bank or bank affiliate and are subject to investment risks, including possible loss of the principal amounts invested. There is no guarantee that a strategy will achieve its objective.

About the Entities, Brands and Services Offered: First Citizens Wealth® (FCW) is a registered trademark of First Citizens BancShares, Inc., a bank holding company. The following affiliates of First Citizens BancShares are the entities through which FCW products are offered. Brokerage products and services are offered through First Citizens Investor Services, Inc. ("FCIS"), a registered broker-dealer, Member FINRA and SIPC. Advisory services are offered through FCIS, First Citizens Asset Management, Inc. and SVB Wealth LLC, all SEC registered investment advisors. Certain brokerage and advisory products and services may not be available from all investment professionals, in all jurisdictions or to all investors. Insurance products and services are offered through FCIS, a licensed insurance agency. Banking, lending, trust products and services, and certain insurance products and services are offered by First-Citizens Bank & Trust Company, Member FDIC, and an Equal Housing Lender, and SVB, a division of First-Citizens Bank & Trust Company. icon: sys-ehl

All loans provided by First-Citizens Bank & Trust Company and Silicon Valley Bank are subject to underwriting, credit and collateral approval. Financing availability may vary by state. Restrictions may apply. All information contained herein is for informational purposes only and no guarantee is expressed or implied. Rates, terms, programs and underwriting policies are subject to change without notice. This is not a commitment to lend. Terms and conditions apply. NMLSR ID 503941

For more information about FCIS, FCAM or SVBW and its investment professionals, visit FirstCitizens.com/Wealth/Disclosures.

See more about First Citizens Investor Services, Inc. and our investment professionals at FINRA BrokerCheck.

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NMLSR ID 503941