Finance
Earned Wealth Raises $200 Million for Doctor-Focused Financial Services Platform
Earned Wealth has raised $200 million for its business that advises doctors on their professional and personal finances.
The company provides one interconnected platform that doctors can use to consult with wealth management experts on topics that include financial planning, tax planning, wealth management and investing, Bloomberg reported Wednesday (July 10).
Earned Wealth was founded in 2021 and raised about $18 million in a funding round in 2023, according to the report. At that time, the firm was valued at close to $40 million.
Today, it has more than 3,000 clients and $2 billion of assets under management, per the report.
With its new capital, Earned Wealth aims to expand its offerings and pursue acquisitions of other businesses that serve medical professionals, according to the report.
Commenting on the Bloomberg report in a Wednesday post on LinkedIn, John Clendening, founder and CEO of Earned Wealth, said the investment “will help us further our mission of transforming financial services for healthcare professionals.”
“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,” Clendening said in the post. “Our recent acquisition of Thomas Doll has expanded our services to include tax planning for individuals as well as tax and retirement plans for practices — and we’re excited to continue growing even further!”
In an announcement of that acquisition on the Earned Wealth website, the firm said that Thomas Doll has been committed to meeting doctors’ and dentists’ financial needs for some 40 years.
“Thomas Doll’s and Earned Wealth’s values, cultures, philosophies and service offerings are closely aligned, and this combination will expand our capabilities and enhance our commitment to serving our clients with excellence,” the announcement said.
The digital age has brought about significant shifts in consumer expectations and demands when it comes to wealth management, PYMNTS reported in April.
While traditional wealth management services often involve face-to-face interactions with financial advisors, extensive paperwork and opaque fee structures, consumers have prompted the industry to adapt and innovate.
In another recent development in this space, Voyant said in April that it expanded its financial wellness and wealth management software to include new financial planning and modeling tools focused on retirement planning.
Mitsubishi UFJ Financial Group (MUFG), Japan’s largest bank by assets and market cap, is close to buying a 20% minority stake in India’s Shriram Finance Limited (SFL), for an investment of $4.4 billion.
SFL is one of the largest non-banking financial companies (NBFC), with assets under management totalling approximately $31 billion.
The negotiations are ongoing, and the agreement is not yet confirmed. The price and stake size could change, the agreement may be delayed, or even fall apart in the coming days.
Shriram’s shares rose nearly 50% this year on India’s National Stock Exchange and the Bombay Stock Exchange, giving a market value of around $18 billion, marking its fifth straight year of positive returns.
The reasons for the rally were: SFL’s strong fundamentals; the Reserve Bank of India’s easing for NBFCs; India’s rising Gross Domestic Product, which is increasing demand for SFL’s core lending segments; SFL’s final 150% dividend payout; and the proposed agreement with MUFG.
MUFG is not the first bank to propose a stake in an Indian bank. Sumitomo Mitsui Financial Group (SMFG), Japan’s second-largest bank, acquired a 20% stake in Yes Bank for $1.6 billion in May 2025, via secondary purchases from the State Bank of India and other banks. SMFG later became the single largest shareholder, acquiring a 24.2% stake in Yes Bank. It has already deployed almost $5 billion and is seeking to expand lending operations and increase employee strength.
Yet another Japanese financial group, Mizuho Securities, a unit of Mizuho Financial Group, is set to acquire a majority stake in Indian investment bank Avendus from KKR for up to $523 million in December 2025. This move will make Avendus a consolidated subsidiary of the Japanese financial group.
Some of the factors that attracted Japanese investors were India’s economic growth projected to grow at 6.5% in 2026, outpacing Japan’s stagnant domestic market, a 1.4 billion consumer base, low banking penetration, Reserve Bank of India’s robust regulatory reforms, eased foreign investment norms, and strong Japan-India collaboration in infrastructure projects like the Mumbai-Ahmedabad bullet train.
Since announcing its deal with Shriram, MUFG has reportedly seen increased interest from automakers looking to boost sales through preferential financing. Should the acquisition close, MUFG plans to have staff in Tokyo and Singapore to develop and execute these deals.
January is nearly behind us and most Australians are now back into the work grind, with kids returning to school to embark on another year. With things settling back to normal, it’s prompted one big retirement question to come to the minds of many workers.
Google Trends data shows searches for ‘how much do you need to retire’ surge as the school year begins. It’s one of four major spikes, along with around the Easter holidays, end of the financial year and the September school holidays.
Super fund HESTA has reported a surge in Australians using its retirement planning tool at the start of the school year, with activity increasing by more than 40 per cent in late January and early February in 2025.
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“We regularly see a jump in planning activity around this time of year after many members have enjoyed quality time with family and friends over the festive season – be it BBQs by the beach or relaxing by the pool,” HESTA CEO Debby Blakey said.
“As Australians look ahead to the rest of the year, many ask one simple question: when can I retire?”
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There’s obviously no one-size-fits-all answer to this question.
While there’s no set retirement age in Australia, to be eligible for the Age Pension, you’ll need to be at least 67.
In terms of how much money you need, the Association of Superannuation Funds of Australia’s standard estimates a single would need $595,000 and a couple $690,000 in their superannuation to retire comfortably at the age of 67. This assumes you receive a part age pension and own your home outright.
If you’re one of the many Aussies dreaming about retirement, Blakey said now was the time to take action.
“The reality is there is no better time than right now to take action on your super and it’s never too late to make a difference to your financial future,” she said.
“There are many small actions people can take to support their journey to a dignified retirement.”
To start with, Blakey said it was important to understand how much super you had, how much your employer was contributing, where your super is invested and how much it’s grown over the long-term.
The super fund’s research found a third of people were only checking their balance once a year or less, while 43 per cent were more likely to check it in times of market turbulence.
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