As vice president and shareholder at Security Ballew Wealth Management in Jackson, Miss., Karl Byrd knows all too well the reputation that physicians have among financial planners. "Surgeons wanting to manage their own portfolios are a little like me reading Grey's Anatomy and then doing surgery," he quips, citing the Will Rogers zinger, "Everybody is ignorant, only on different subjects."

Such stereotypes do not deter Byrd's love affair with the medical profession. Even though some planners may find physicians a difficult group to work with, he loves advising doctors. Of his clients, 90% are health care professionals, both individual doctors and medical groups. His admiration is unequivocal: "My clients are my friends with whom I go to church and play golf."

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