MD Physician Services, a wealth management firm owned by Canadian Medical Association (CMA), has changed its name to MD Financial Management (MD).

Mike Gassewitz, executive vice president, member solutions, at MD Financial Management, said: "Our name better reflects our expertise-namely, serving physicians throughout their career, whether they are a medical student wanting to minimize debt, a new-in-practice resident thinking about incorporation, or a practicing physician looking for more tax-efficient strategies.

"Doing what is right for our clients-whether it is offering specialized services, salaried advisors or low fees-is an essential part of our ongoing commitment to them as MD begins this exciting new era," Gassewitz added.

Managing over $38bn in assets under administration, MD Financial provides comprehensive, personalized financial management solutions exclusively to Canada’s physicians and their families.

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