Respected financial planner develops quantitative analytics to set business owners on the path toward financial security
P. Christopher Music, a leading financial and wealth planning advisor, recently released the Financial Prosperity Index TM (FPI), a free tool to help business owners gain an objective view of what results to expect when utilizing the services of a financial planner.
The Financial Prosperity Index TM can be accessed for free at www.MyProperityIndex.com. The tool requires users to complete a 20-minute questionnaire about their current financial situation, attitudes and goals. The answers will generate a Prosperity Index Score and corresponding graph showing a business owner’s current financial situation and which areas need improvement to achieve financial prosperity.
“Business owners, and the public in general, aren’t sure what results to expect from investment planning in this tumultuous economy,” said Mr. Music. “The Financial Prosperity Index provides, for the first time, an objective measurement for the results one should achieve when working with a financial advisor no matter the economic climate.”
According to Mr. Music, most financial advisors do not take a holistic approach when generating wealth for their clients. Those advising business owners generally fail to take into account that while the company is the engine for wealth, the owner’s household is the actual business that needs to achieve profit. Lack of planning and poor wealth optimization practices within the household will ultimately decrease the chances of long-term financial prosperity.
“Your business is important because it creates the income you need to generate more household wealth. And you’re getting great financial advice if your planner is talking about how to find ways to increase income from your company,” said Mr. Music. “However, you need to know if your household is straining under debt and waste and address that crisis immediately.”
The Financial Prosperity Index TM creates a concise picture of a business owner’s overall financial status by tabulating various economic areas. These include planning, business viability, income, policy and procedure, debt and credit, estate planning, tax, asset protection and investments. With this information, business owners will know where they currently stand financially and be able to knowledgeably communicate their expectations to a financial planner.
“With this tool, business owners will have the data and confidence they need to push their financial advisor toward a successful course of action,” said Mr. Music. “They can see exactly where they start on the Prosperity Index graph and then see exactly how their advisor has helped or hindered their financial future.”
About P. Christopher Music
P. Christopher Music is an MBA, Certified Wealth Preservation Planner, Certified Asset Protection Planner, Registered Financial Consultant and Certified Management Consultant. He is the President of Wealth Advisory Associates with nearly 20 years experience in financial planning and business consulting with a specialization in advising private-practice physical therapists. Mr. Music applies both his financial and business acumen toward a holistic and healthy-growth approach to investment planning. Visit Mr. Music at www.wealthadvisoryassociates.com
