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Physicians Financial Services, Inc.

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Client assets under management

$447,519,675

Clients

216

44% high-net-worth

Advisors

3

of 6 employees

Firm type

Supported

1-4 advisors or >$200M in AUM

More info

Clients per advisor

72

High

Average account size

$2,071,850

About

Physicians Financial Services, Inc. is an SEC‑registered advisory firm managing roughly $482 million for about 216 clients through three advisors, serving individuals, high‑net‑worth clients, pension and profit‑sharing plans, corporations, charitable organizations and trusts. The firm provides wealth analysis and financial planning, tax and investment planning, and both internal and external money‑management services.

The firm describes its internal strategy as contrarian/value investing, emphasizing financially strong, undervalued securities, dividend reinvestment and long‑term holding while using mutual funds and ETFs for additional sector exposure. It implements portfolios through in‑house management (primarily custodied at Charles Schwab) and by referring and monitoring third‑party managers, offering both discretionary and non‑discretionary arrangements.

Distinctive features disclosed in the brochure include affiliations that are uncommon for peers: a minority ownership interest in affiliated broker‑dealers and registered‑representative activities that permit execution of brokerage and insurance transactions outside managed accounts, an affiliation with another registered investment adviser used to serve certain clients, and an adviser who is a partner in a CPA firm. The firm acknowledges the potential conflicts these relationships create (commissions and insurance premiums on non‑managed transactions) and references its Code of Ethics and disclosure practices and the firm’s stated limits on receiving commissions for custodial money‑management accounts.

Client services

Financial planning Portfolio management Selection of other advisers

Expertise

Wealth management General tax planning Retirement income strategy

Occupation focus

Retired

Demographic focus

Established Professionals

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Fee options

Fixed

Fixed fees ranging from $850 to $5,000 for Wealth Analysis and Planning services

Percentage

$0 - $500,000: 1.75% annually $500,001 - $1,500,000: 1.50% annually $1,500,001 - $3,000,000: 1.25% annually $3,000,001 - $5,000,000: 0.90% annually $5,000,001+: negotiated

Commissions

Commissions received on sale of securities and insurance products by certain firm representatives

Project-based

Hourly rate of $200 per hour for Wealth Analysis and Planning services

Other

Fee-only: Fixed fees from $850 to $5,000; hourly fee of $200 per hour for Wealth Analysis and Planning services

Main office location

Physicians Financial Services, Inc.

100 E. Six Forks Road, Suite 200

Raleigh NC 27609, United States

Number of offices

2

Most active in

More info

North Carolina · Virginia

Disclosures

More info

Exclamation point means they have disclosures of this type. Check mark means no disclosures of this type were found.

Business activities & affiliations

More info

Forms ADV

Form ADV Part 2: Client Brochure Form ADV Part 3: Client Relationship

Quick links

Website 919-863-2355

Advisors at this firm

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user avatar

Cornelius M

CFP®, Series 63

Raleigh, NC

Physicians Financial Services, Inc.

Cornelius Mcdonald is a CFP® with 41 years of industry experience, currently serving at Physicians Financial Services, Inc. He has held roles at The Wealth Group, Ltd and Capital Investment Brokerage, Inc., among others. Outside of his advisory duties, he serves as assistant treasurer for The North Carolina Society of the Cincinnati, a charitable organization supporting historical causes. Physicians Financial Services, Inc. provides individualized wealth management and financial planning services to individuals, corporations, and nonprofit entities. The firm employs a contrarian, value-oriented investment approach focused on financially strong, cash-rich companies and offers both discretionary and non-discretionary portfolio management tailored to client objectives.

Wealth management General tax planning Retirement income strategy Retired Established Professionals
user avatar

James P

PFS™, Series 63, Series 65

Goldsboro, NC

Physicians Financial Services, Inc.

James Parker is a financial advisor with Physicians Financial Services, Inc. in Goldsboro, NC, holding the PFS™ designation along with Series 63 and Series 65 licenses. He has 26 years of industry experience and has been associated with Physicians Financial Services since 2017. Parker also operates a CPA firm, Parker & Parker, P.A., and serves as Board Chairman of KS Bank, Inc. Additionally, he is on the board of the Wayne Community College Foundation. Physicians Financial Services provides money management, wealth analysis, tax and financial planning, and retirement planning services for individuals, corporations, pension and profit-sharing plans, charitable organizations, and trusts. The firm employs a contrarian, value-oriented investment approach focusing on financially strong, cash-rich companies and long-term holdings, while also utilizing external money managers and tailoring allocations to client objectives.

Wealth management General tax planning Retirement income strategy Retired Established Professionals
user avatar

William S

Series 65

Raleigh, NC

Physicians Financial Services, Inc.

William Sigmon III is a Series 65-licensed financial advisor with Physicians Financial Services, Inc. in Raleigh, NC. He has two years of industry experience, including prior work with The Wealth Group, Ltd, and a decade of service in the United States Navy. Physicians Financial Services, Inc. provides personalized wealth management, financial and tax planning, and retirement strategies for individuals, corporations, and nonprofit entities. The firm employs a contrarian, value-oriented investment approach focused on financially strong, cash-rich companies and offers both discretionary and non-discretionary portfolio management tailored to client objectives.

Wealth management General tax planning Retirement income strategy Retired Established Professionals
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