Physicians Financial Services, Inc.
Data sourced from SEC public records (and other sources when available). Refreshed weekly • Updated today.
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
Expertise
Occupation focus
Demographic focus
Fee options
Fixed fees ranging from $850 to $5,000 for Wealth Analysis and Planning services
$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 received on sale of securities and insurance products by certain firm representatives
Hourly rate of $200 per hour for Wealth Analysis and Planning services
Fee-only: Fixed fees from $850 to $5,000; hourly fee of $200 per hour for Wealth Analysis and Planning services
Main office
See office100 E. Six Forks Road, Suite 200
Raleigh NC 27609
Advisors at this office
2
Offices (2)
Most active in
North Carolina · Virginia
Disclosures
Exclamation point means they have disclosures of this type. Check mark means no disclosures of this type were found.
Business activities & affiliations
Is active or affiliated with:
Broker-dealer / trader
They provide brokerage services and may earn transaction-based compensation in addition to advisory fees.
Accountant / CPA / tax prep
They offer tax and accounting services, typically for separate fees.
Is not active or affiliated with:
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Insurance agent
They sell insurance products and may earn commissions on those sales.
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Bank
They're affiliated with a bank that may offer its own financial products and services.
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Trust company
They provide trust and estate administration services, typically for separate fees.
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Fund sponsor
They manage or sponsor investment funds and may earn management or performance-based fees if clients invest in them.
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Lawyer
They provide legal services, typically billed separately.
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Real estate agent
They facilitate real estate transactions and may earn commissions.
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Other specialized services
They may provide services such as pension consulting or municipal advisory work, typically for separate fees.
Advisors at this firm
Cornelius M
CFP®, Series 63
Raleigh, NC
Physicians Financial Services, Inc.
Cornelius Mcdonald III is a CFP® with 42 years of industry experience, currently serving at Physicians Financial Services, Inc. He has previously worked with The Wealth Group, Ltd, Capital Investment Brokerage, Inc., Capital Investment Group, Inc., and Capital Investment Counsel, Inc. Mcdonald is also assistant treasurer of the North Carolina Society of the Cincinnati, a charitable organization supporting historical causes. Physicians Financial Services, Inc. manages approximately $482 million for a diverse client base including individuals, corporations, and charitable organizations. The firm employs a contrarian/value investing approach, focusing on financially strong, undervalued securities with a long-term holding strategy, and offers both internally managed and third-party overseen portfolios.
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.
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.
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