Running a successful chiropractic practice doesn't automatically mean you have a successful financial plan.
In this episode of Beyond the Adjustment, Dr. Chad Mykietiuk sits down with Scott Campbell and Chris Scheele of Align Wealth, a financial planning firm focused specifically on Canadian chiropractors.
Scott and Chris have seen firsthand what happens when successful practice owners operate without a clear financial strategy. From treating the practice like an ATM and reacting to tax bills after the fact, to endlessly reinvesting in the clinic without building personal wealth, seemingly small financial habits can have a major impact over the course of a career.
The conversation explores how chiropractors can become more intentional about cash flow, paying themselves, debt, investing and practice growth — while building financial systems that support the life they actually want.
Rather than searching for complicated financial tricks, Scott and Chris make the case for something much more powerful: clarity, structure, consistency and a proactive long-term plan.
Key Takeaways:
Have a plan before you need one.
One of the recurring problems Scott and Chris see is chiropractors withdrawing money from their corporations whenever they need it and dealing with the tax consequences later. A deliberate strategy around income, taxes and cash flow can remove much of that uncertainty.
Build good systems early.
Creating strong bookkeeping, cash-flow and financial reporting habits early in your career becomes increasingly valuable as your practice grows.
You don't always have to choose between debt reduction and investing.
High-interest debt deserves particular attention, but building the habit of saving and investing while also reducing debt can establish financial behaviours that serve you for decades.
Growth should have a purpose.
A bigger clinic, more staff and higher revenue can look impressive from the outside, but growth only matters if it moves you toward your personal and professional goals.
Revenue isn't the same as profitability.
A relatively simple practice with controlled overhead, strong systems and excellent profitability may create considerably more freedom than a larger practice with significantly higher expenses.
Your financial beliefs matter.
Everyone develops a "money story" based on family, upbringing and life experience. Becoming aware of those beliefs — and being willing to challenge them when necessary — can dramatically influence financial decision-making.
There are no magic tax tricks.
Good planning isn't about finding secret ways around Canada's tax system. It's about understanding the rules, planning proactively and structuring your finances intelligently within them.
Guest Bios:
Scott Campbell, CFP®, CCS™
Scott is the Founder and Financial Planner at Align Wealth. He launched his independent financial planning practice in 2016 before making the decision to specialize in serving Canadian chiropractors. His goal is to help chiropractors create financial clarity and build long-term freedom through comprehensive planning that extends far beyond investment management.
Chris Scheele, QAFP™
Chris is a Financial Planner at Align Wealth. After operating his own independent financial planning practice, Chris joined Align Wealth in 2024. His approach emphasizes comprehensive planning, strong financial systems and helping clients make intentional decisions that connect their finances with the lives they want to build.
Together, Scott and Chris work specifically with Canadian chiropractors on the financial realities of practice ownership and personal wealth — including business cash flow, compensation, taxes, investing and long-term planning.
Learn More at: https://alignwealth.ca/
