BREAKING   Earned reaches ~20,000 clients and $3.9B in assets under management  •  Founded 2021 in New York  •  Led by former Schwab & Blucora exec John Clendening  •  Raised $200M in 2024, led by Summit Partners & Silversmith Capital  •  Named to Newsweek's America's Top Financial Advisory Firms 2025  •  Acquisitions: Thomas Doll · OJM Group · PearsonRavitz · Dental & Medical Counsel  •  BREAKING   Earned reaches ~20,000 clients and $3.9B in assets under management  •  Founded 2021 in New York  •  Led by former Schwab & Blucora exec John Clendening  •  Raised $200M in 2024, led by Summit Partners & Silversmith Capital  •  Named to Newsweek's America's Top Financial Advisory Firms 2025  •  Acquisitions: Thomas Doll · OJM Group · PearsonRavitz · Dental & Medical Counsel  • 
Earned company logo
Company Profile Fintech · Health Est. 2021 · New York

Earned.

"You care for our health. We help you build your wealth." A financial firm built exclusively for doctors, dentists, and their practices.

Assets~$3.9B AUM
Clients~20,000
Total Raised~$224M
HQNew York, NY

Above: Earned's brand symbol, a stylized "E." The firm folds wealth management, tax, accounting, insurance and legal into a single platform for medical professionals.

20,000
Clients (Jun 2026)
$3.9B
Assets Under Mgmt
$200M
2024 Capital Round
6+
Firms Acquired
The Dispatch

One Roof for the People Who Keep Us Healthy

Doctors spend the better part of a decade learning to care for other people's bodies. Almost none of that training covers how to look after their own money. Earned, a New York-based financial firm founded in 2021, was built around that gap. Its pitch is narrow on purpose: it serves doctors, dentists, and their practices - and no one else.

The company describes itself as "the first-of-its-kind, fully comprehensive wealth and tax firm designed specifically for healthcare professionals." In practice, that means bringing services that are usually scattered across a wealth advisor, an accountant, an insurance broker, and an attorney into a single, coordinated platform. A client app and web portal handle the day-to-day; fiduciary human advisors handle the decisions that matter.

Earned's founding thesis rests on a few uncomfortable numbers it cites about its own customers. More than half of doctors report burnout, and money is a leading cause of the stress. Their median marginal tax rate sits near the top of the scale. And roughly a quarter retire with less than $1 million in net worth - well below where high earners in a demanding profession might expect to land. Earned's argument is that the problem usually isn't income. It's fragmented advice.

"Traditional financial services are divided - leading to confusion, overpaying taxes, and missing out on investment returns." — Earned, on the problem it set out to solve
Who It Serves

Residents, Practice Owners, and Medical Groups

Earned's clients range from residents buried in student debt to established practice owners planning an exit, plus multi-doctor medical groups. The firm organizes its guidance around "journeys" - the resident, the dentist, the practice owner - because a physician's financial needs shift dramatically across a career.

By June 2026, Earned reported serving roughly 20,000 clients with about $3.9 billion in assets under management. Client testimonials on its site emphasize a recurring theme: being known. "Whoever answers the phone, they address you by name," one dentist says. Another orthodontist recounts saving more than $100,000 in taxes.

Why Doctors, Specifically
0%of doctors feel burned out - money stress is the #2 cause
0%median marginal tax rate - among the highest brackets
0%of doctors retire with under $1M in net worth

Figures as cited by Earned. Illustrative of the firm's founding thesis.

What You Can Do With It

Products & Services

Earned splits its offering in two: solutions for the doctor personally, and solutions for their practice. The through-line is a tax-smart approach - the idea that investment and tax decisions should be made together, not in separate silos, so clients keep more of what they earn and reinvest the savings.

For You

Wealth Management

Fiduciary investment management and personalized planning.

For You & Practice

Tax Prep & Planning

Proactive, tax-smart strategies plus filing.

Practice

Accounting

Bookkeeping and accounting for medical and dental practices.

Practice

Retirement Plans

Plan design and administration for practice owners.

For You

Insurance

Physician disability and life coverage via PearsonRavitz.

Practice

Payroll

Payroll for practices, integrated with accounting.

Both

Legal Coordination

Specialized legal support for healthcare professionals.

Education

Earned Institute

Articles, videos, reports and calculators for doctors.

The Difference

Specialist, Not Generalist

Most people juggle a separate advisor, accountant, and attorney - firms that rarely talk to each other. Earned's wager is that integration is the product. By coordinating tax and wealth under one roof and focusing only on doctors, it aims to catch the strategies that fall through the cracks between generalist providers.

That positions Earned against two kinds of rivals: traditional wealth managers and RIAs that serve everyone, and a smaller field of physician-focused firms and fintechs. Its edge, as the firm frames it, is depth in one profession combined with a full stack of services most competitors only partly cover.

"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." — John Clendening, Founder & CEO

The market context helps. Wealth management has been reshaped by clients who expect digital access and transparency, and by a wave of specialization aimed at specific professions. Earned is betting that "financial services for doctors" is a large enough niche to build a durable, standalone company around.

How It Works & How It's Funded

The Business Model

Earned makes money the way modern advisory firms do: fees on assets under management, plus service fees for tax prep, accounting, payroll, retirement-plan administration, insurance, and legal work. New clients arrive through a free-consultation funnel and the Earned Institute content engine.

But its most distinctive move is growth by acquisition. Rather than build every capability from scratch, Earned has bought established, healthcare-focused firms and folded them into one platform - a rollup strategy that adds clients, assets, and specialized talent at once. Thomas Doll, acquired in 2024, brought a 40-year history serving doctors and dentists.

RoundDetail
2024 Capital$200M led by Summit Partners & Silversmith Capital Partners
Also InJuxtapose, Hudson Structured Capital Mgmt, Breyer Capital
Total Raised~$224M since founding
Use of FundsExpand offerings; acquire firms serving medical professionals
Summit Partners Silversmith Capital Juxtapose Hudson Structured Breyer Capital
Expertise

The Founder's Second Act

Earned is led by founder and CEO John Clendening, who came to the company after a career inside financial giants. He previously helped scale Schwab Bank during his time at Charles Schwab and later served as chief executive of Blucora, a public company at the intersection of tax and wealth. That combination - tax and investing, at scale - maps directly onto Earned's core idea.

The firm surrounds him with fiduciary tax and wealth advisors who work as one team, a structure meant to deliver the "integrated" experience clients say they value. Investment advice is provided by Earned Wealth Advisors, an SEC-registered investment adviser, with other services offered through affiliated entities.

"To be able to turn to me and say, who do I turn to? To have that is invaluable. With Earned I feel supported and secure." — Dr. Marcia Lu, Family Physician (client)
The Record

A Short, Fast Timeline

2021

Earned is founded

John Clendening launches a wealth-and-tax firm built specifically for doctors.

2024 · JULY

$200M raise & first big acquisition

Backed by Summit Partners and Silversmith Capital; acquires 40-year-old physician firm Thomas Doll.

2024

CNBC FA 100

Thomas Doll, an Earned Wealth company, is recognized on the CNBC FA 100 list.

2025

Acquisition-led expansion

Adds OJM Group (~$1B AUM), PearsonRavitz, Dental & Medical Counsel, Schwartz & Schwartz, and Chahal & Associates.

2025

Brand refresh & Newsweek honor

Launches the Earned Institute and a new website; named to Newsweek's America's Top Financial Advisory Firms 2025.

2026 · JUNE

20,000 clients, $3.9B AUM

Reports serving roughly 20,000 clients with about $3.9 billion under management.

Reader Questions

Frequently Asked

What does Earned do?

Earned is a financial services firm exclusively for doctors and dentists, combining wealth management, tax prep and planning, accounting, retirement plans, insurance, payroll, and legal coordination into one integrated, tax-smart platform.

Who founded Earned and when?

Earned was founded in 2021 by John Clendening, a former CEO of Blucora and Charles Schwab executive who previously helped scale Schwab Bank.

How big is Earned?

As of June 2026, Earned reports roughly 20,000 clients and about $3.9 billion in assets under management, with a core team of around 94 employees plus staff across its acquired affiliates.

How much funding has Earned raised?

Approximately $224 million in total, including a $200 million round in July 2024 led by Summit Partners and Silversmith Capital Partners, with participation from Juxtapose, Hudson Structured Capital Management, and Breyer Capital.

How is Earned different from a traditional advisor?

Rather than splitting your advisor, accountant, and attorney across separate firms, Earned integrates tax and wealth under one roof and focuses solely on the financial challenges doctors face - aiming to reduce taxes and coordinate every part of a physician's financial life.

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