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North Star Medical Division

The trusted financial partner for medical professionals

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Streamline your wealth, protect your income, and focus on what matters most.

You have dedicated your career to service and excellence as a medical professional. Now, it’s time to ensure your financial life reflects the same level of intention.

You need a trusted financial advisor who understands the unique demands of your career and can guide you through these complexities.

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North Star’s Medical Division provides professional guidance, tailored solutions, and exclusive resources—so you can focus on your practice, family, and future.

While medical professionals have significant earning potential, they also face unique challenges—student loan debt, delayed retirement savings due to education timelines, and the potential for high tax bills as their earnings grow. On top of this, the risks of overwork, burnout, and disability can drastically impact future income.

Achieving long-term financial success requires more than just income—it demands thoughtful planning and strategy.

Founded in 2001, the North Star Medical Division was created to address the medical community’s needs. We are a cohort of financial advisors specializing in the challenges and opportunities medical professionals face, collaborating regularly to ensure we provide the most effective strategies to help clients achieve the financial success they deserve.

 

Division Leadership

 

Michael Foley, CFP®, CSLP®, CKA®

Division President

Michael Foley has served as the President of the North Star Medical Division since 2023. Growing up in a family of physicians, he witnessed firsthand the challenges medical professionals face when navigating financial decisions. Inspired to make a difference, Michael became a specialized financial advisor focused on aligning financial strategies with his clients’ personal and professional goals.

A frequent speaker, educator, and contributor to financial publications, Michael is passionate about simplifying complex financial matters, especially around the topics of student loan planning and advanced financial planning.

Joey Snyder,  WMCP®

Division Vice President

Joey serves as Vice President and President-Elect of the North Star Medical Division, bringing a deep passion for helping medical professionals achieve financial security.

Growing up in a lower-income household, financial planning was never a priority. As he built his financial practice, Joey discovered that many high-earning professionals faced similar challenges—lacking the education and guidance to make informed financial decisions. He dedicated his career to simplifying complex strategies, focusing on investment and insurance solutions tailored to medical professionals.

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Comprehensive services for your complete financial life

As specialists in the financial needs of physicians, we offer tailored services to support every stage of your career. Our focus is on helping you avoid costly mistakes, reduce your tax burden, protect your income, and plan with confidence.

Investment management

Investment management is more than just selecting stocks—it’s about aligning your investments with your financial goals. Our advisors work with you to develop a personalized investment strategy that is both tax-efficient and growth-focused, regularly monitoring and adjusting it to ensure you stay on track.

With access to a wide range of investment options and ongoing expert guidance, you can feel confident that your portfolio is designed to support your long-term success.

Retirement strategies

At North Star, we help you prepare for the future by crafting a retirement plan tailored to your unique goals and aspirations.

Our team works with you to project your retirement income needs and develop a strategy to get you there, considering factors like tax efficiency, market risk, and lifestyle changes. With regular reviews and adjustments as your needs evolve, we ensure your retirement plan stays on track and provides peace of mind for the years ahead.

Student loan guidance

Navigating student loan repayment and forgiveness while managing other financial goals can be overwhelming. Our Certified Student Loan Professionals (CSLP®) work with you to develop personalized strategies, exploring repayment options and identifying forgiveness opportunities.

Whether part of your comprehensive financial plan or provided as a standalone service, we provide flexible support to meet your specific needs.

Student Loan Planning Services

Disability insurance

At North Star, we don’t just help you get a policy—we continually review your coverage to ensure it keeps pace with your changing needs. This ongoing support gives you peace of mind, knowing that, even if your regular income is disrupted, you will have the proper coverage to keep your financial goals on track.

Life insurance

We offer a unique approach to life insurance, starting with your overall financial strategy and ensuring your coverage aligns and adapts with your life. What’s more, as independent advisors, we shop the market to find the best options for you and offer discreet underwriting and exclusive solutions that allow you flexibility in coverage based on your needs.

Estate planning and wealth distribution

Maximize your legacy and minimize taxes with a tailored estate plan designed to protect what matters most.

We collaborate with tax and legal professionals to ensure your plan is thorough and effective. Your financial advisor will also guide your family through the process, helping to navigate both the practical and emotional aspects, so your legacy is carried out exactly as you envision.

Business owner solutions

As a practice owner, your financial strategy should integrate both your personal and business goals. We work closely with you to create a unified plan that addresses the unique needs of your practice—whether that’s optimizing tax structures, planning for succession, or managing employee benefits. We provide tailored solutions to help you navigate the complexities of entrepreneurship while building long-term wealth.

Meet the Business Owner Solutions Team

Tax consulting*

Taxes can take a significant toll on your financial progress. That’s why we take a proactive approach to tax planning, integrating it into your overall strategy to ensure you’re paying exactly what you owe—and no more.

Whether working with our in-house tax consultants or your trusted CPA, we identify tax-efficient strategies that minimize your burden and maximize your wealth-building opportunities.

Don’t miss out on disability insurance solutions exclusive to medical residents

Do you need disability coverage without unnecessary complications or delays?

Guaranteed Standard Issue (GSI) disability policies allow eligible individuals to secure disability coverage without the need for extensive medical underwriting. This means no invasive exams, lab work, or detailed medical histories are required—making the process faster and more straightforward.

Simplified underwriting provides a similarly streamlined approach, with fewer health-related questions and reduced scrutiny, ensuring privacy and ease.

At North Star, our strong relationships with leading carriers and select medical institutions grant our clients access to these exclusive programs, tailored to meet the unique needs of medical professionals.

Contact Your Advisor to learn if you’re eligible

Or, request more information from our Medical Division

Financial services, your way.

We offer more than just investment management or comprehensive planning. We meet you where you are, providing the flexibility to work with us in a way that aligns with your current needs. As your financial goals evolve, we have the expertise and capacity to support your growth with the highest level of service, no matter where your journey takes you.

Financial Planning

Detailed, integrated analysis of your personal financial goals with recommendations designed to help you achieve them.

Financial topics covered:

  • Cash and liabilities
  • Protection
  • Investments
  • Accumulation and distribution strategies
  • Tax strategies
  • Retirement planning
  • Estate planning
  • Business planning

Wealth Management

Proactive investment advice utilizing one of several investment advisory accounts and investment approaches.

Financial topics covered:

Ongoing investment advice and recommendations for assets held within the selected accounts based on your time frame, risk tolerance, and investment objective.

Transaction-Based

Investment and insurance recommendations on accounts and assets.

Financial topics covered:

Guidance on specific brokerage investments and insurance products based on your time frame, risk tolerance, and investment objective.

Why choose North Star?

Taking care of those who take care of us.

We’re the team you can rely on for the long haul. At North Star, we’re not just offering financial advice—we’re offering a partnership that grows with you. From residency to retirement, we help you navigate the complexities of your financial world with clarity and confidence.

Our advisors have extensive experience working with physicians, so we understand the unique pressures you face. We don’t just help you manage your finances—we help you make the most of your hard-earned success.

In investment advisory relationships, our advisors often operate under the fiduciary standard—the highest ethical duty in financial advising. This means the guidance you receive is free from conflicts of interest and centered entirely on helping you achieve your goals.

Insights and tools

3 paths to student loan repayment

How to calculate net worth and why it matters

Disability Insurance Q&A
More Resources

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    Michael and Joey are investment advisor representatives of Cetera Advisor Networks, LLC. Securities offered through Cetera Advisor Networks LLC, member FINRA/SIPC. Advisory Services offered through Cetera Investment Advisers LLC, a registered investment adviser.

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