Key factors private practice professionals look for before working with a financial planner.

Private practice physical therapists are up against a lot of different barriers and myths imposed by the modern economy.  It is a no wonder that they scrutinize financial planners before they place their future prosperity in the hands of these individuals.

According to P. Christopher Music, author of What Every Private Practice Physical Therapist Needs to Know About His or Her Financial Future, many private practice professionals will decide that the financial area is something that cannot be understood so they will rely solely on somebody else to advise them on what to do.  This is dangerous because then you have to possess the confidence in your own decision on whether the advice is good or not without having any knowledge in the field.  

Most private practice professionals are aware of this which is why they look for certain characteristics in a financial planner.  In a recent survey of private practice physical therapy professionals, 70 percent said they would work with a financial planner after they did their homework by talking to some of his/her clients, reviewing references and qualifications, and most importantly checking the planner’s track record for success.

One thing P. Christopher Music says private practice physical therapists need is help planning their income strategies so they are able to diversify into investments to provide future financial security.  

“Without the ability to navigate through economic tough times, traditional financial planning falls short, Christopher goes on to say.  “Opt to work with a trustworthy financial planner to diversify investments, but make sure you are getting proper advice on how to increase your income and lower your risk.”

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