STAY­ING EN­GAGED IN FI­NAN­CIAL PLAN­NING

In a June 2014 re­port en­ti­tled, “Does Past Per­for­mance Mat­ter? The Per­sis­tence Score­card,” S&P Dow Jones In­dices re­ported the fol­low­ing: “Very few funds can con­sis­tently stay at the top. Out of the 687 funds that were in the top quar­tile as of March 2012,

The Suit - - Cover Story -

Th­ese find­ings come as no sur­prise to P. Christo­pher Mu­sic, founder and pres­i­dent of Econo­log­ics® Fi­nan­cial Ad­vi­sors based in Clear­wa­ter, FL, who said he has never seen a study con­firm­ing that a fund man­ager can con­sis­tently pre­dict over time which stocks will per­form well, and who can ac­cu­rately pre­dict when to buy and sell.

Econo­log­ics® is a re­sults-based fi­nan­cial plan­ning® sys­tem Mu­sic de­vel­oped in di­rect re­sponse to the mar­ket crash of 2008. “Econo­log­ics® is ac­tu­ally a sub­ject on per­sonal fi­nance that re­ally evolves cur­rent fi­nan­cial plan­ning tech­nol­ogy to a new level, based on pre­dictable re­sults, as op­posed to be­ing more sales-ori­ented for fi­nan­cial prod­ucts and ser- vices,” Mu­sic ex­plained. In ad­di­tion to Econo­log­ics® Fi­nan­cial Ad­vi­sors, which is a fi­nan­cial plan­ning firm work­ing with pro­fes­sion­als in pri­vate prac­tice, Mu­sic also op­er­ates Econo­log­ics® In­sti­tute, a fi­nan­cial ed­u­ca­tion or­ga­ni­za­tion.

While there is no min­i­mum in­vest­ment re­quired to be­gin work­ing with Econo­log­ics® Fi­nan­cial Ad­vi­sors, there are some quite unique client re­quire­ments. Mu­sic de­vel­oped a three-day work­shop called “Pri­vate Prac­tice Mil­lion­aire® Academy” that all clients are re­quired to at­tend along with their spouses. Clients learn about the Econo­log­ics® sys­tem and about what Mu­sic calls, “re­sults-based tran­si­tion plan­ning™.” That is, how to build max­i­mum tran­si­tion value into a pro­fes- sional prac­tice – some­thing that Mu­sic said is not ad­dressed in the fi­nan­cial plan­ning world when deal­ing specif­i­cally with small business own­ers.

“My belief is, if a per­son is will­ing to in­crease the in­come of their prac­tice, is will­ing to take a part of those prof­its ev­ery year and rein­vest them into per­sonal wealth – and is will­ing to stay en­gaged in our fi­nan­cial plan­ning process – then we don’t re­ally care what they start with as far as as­sets,” said Mu­sic. “As long as they are will­ing to com­mit to the process and do it, then every­body wins.”

Mu­sic’s view on the fidu­cia- ry re­spon­si­bil­ity of a per­sonal fi­nan­cial ad­vi­sor is an all-en­com­pass­ing one, and far from text­book. “We help our clients achieve an op­ti­mum fi­nan­cial con­di­tion in their house­holds as best we can, re­gard­ing their whole en­tire fi­nan­cial ex­pe­ri­ence – not just their in­vest­ment ex­pe­ri­ence. But see, that is a unique def­i­ni­tion dif­fer­ent from what any other fi­nan­cial ad­vi­sor would de­fine as fidu­ciary re­spon­si­bil­ity,” Mu­sic in­sisted.

Ap­pear­ing on na­tional tele­vi­sion as a fi­nan­cial ex­pert, Mu­sic has been fea­tured in Forbes and Newsweek, and is also a best-sell­ing au­thor.

www.econo­log­ics­fi­nan­cial­ad­vi­sors.com

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