What to Look for in a Christian Financial Advisor
When it comes to handling your finances, knowledge, and expertise are paramount. But when it comes to choosing a financial advisor, understanding their values is just as important. For those that identify with the Christian faith, finding an advisor who not only meets their needs but respects their beliefs can be tricky. With the right questions and research, however, you can feel confident about selecting a Christian financial advisor who will make sound decisions for your investments.
In this blog post, we outline some things to look for in order to ensure your wealth manager is a responsible steward of your money while also aligning with your spiritual values.
INTERESTED IN FAITH-BASED INVESTING? FOR THE BEST CHRISTIAN FINANCIAL PLANNING IN SAN ANTONIO, TX, CONTACT THE PROFESSIONALS AT PAX
WHAT IS A CHRISTIAN FINANCIAL ADVISOR?
A Christian financial planner is an advisor that not only provides financial planning and investment strategies but brings a sense of faith-based financial stewardship to their advice. Rather than relying on secular financial literature as the primary means of solving one's financial problems, this type of financial advisor will utilize biblical teachings and principles as the basis for their advice.
Christian financial planners can give guidance and help clients understand the connection between managing finances responsibly according to God’s will so they can make well-informed decisions with confidence.
PRINCIPLES TO LOOK FOR IN A CHRISTIAN FINANCIAL ADVISOR
Finding the right Christian advisor in Texas can be a challenge. With so many options and varying levels of expertise, it is important to ensure that your advisor is guided by principles reflective of your faith. What principles might you look for?
First, look for an advisor who focuses on stewardship - one who places emphasis on using God's resources responsibly and acknowledging that everything, including your finances, ultimately belongs to God.
Additionally, this advisor should take the time to understand your values and goals beyond simply returning monetary profits. Do they prioritize proactive communication and seek out new opportunities while avoiding risk? These are all considerations when searching for a prospective advisor.
Make sure to find an advisor who is knowledgeable and experienced, and who provides clear direction on how to achieve your financial objectives. Avoid those who use high-pressure sales tactics or attempt to steer you toward high-risk investments.
The right Christian financial advisor should exude trust, professionalism, and most importantly, Christ-centered values. Individuals should look for a professional who understands the importance of treating their clients with respect and honesty. Furthermore, those seeking Christian financial services should ask about practice principles such as offering investments that align with their faith and placing the client's interests first at all times.
Of course, it is critical to find an expert who is up to date with current economic conditions and regulations that affect faith-based investors. By keeping these considerations in mind when selecting a Christian financial advisor in Texas, individuals can make sure they build a solid foundation for their investment goals.
DIFFERENCES BETWEEN A CHRISTIAN AND SECULAR ADVISOR
When seeking diligence in investment advice and management, the main difference between a Christian registered investment advisor and a secular registered investment advisor is their approach.
Conversely, the secular registered investment advisor will tend to focus more on portfolio-building techniques and approaches within established constraints. Each method can provide holistic financial guidance given an individual’s goals and parameters; however, it must be understood that the biggest differentiator between each is their precepts. Thus before engaging with either an individual must carefully consider which type of registered investment advisor suits them best.
BENEFITS OF WORKING WITH A FAITH-BASED ADVISOR
Working with a faith-based advisor can offer substantial benefits that other advisors may not provide. First, such an advisor would have the same financial incentives as any other; however, their investment principles are based on religious values and beliefs, providing a refreshingly moral perspective on your investments.
In addition, this type of advisor typically offers customized investment strategies and services tailored to each individual's financial goals while making sure they adhere to their own ethical code regarding investments. Ultimately, working with a faith-based advisor is ideal for those looking for an ethical approach to investing without compromising their long-term financial objectives.
When looking for a Christian financial advisor, it’s important to look for certain qualities such as integrity, communication, and understanding of your faith. The relationship with your advisor should be professional yet personal, so you need to feel comfortable talking to them about money as well as other aspects of life.
To begin your journey in faith-based investing, contact the PAX team today.
This material is provided by PAX Financial Group, LLC. The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual. The information herein has been derived from sources believed to be accurate. Please note: Biblically Responsible Investing(“BRI”) involves, among other things, screening for companies that fit within the goal of investing in companies aligned with biblical values. Such screens may serve to reduce the pool of high performing companies considered for investment. Investing involves risk. BRI investing does not guarantee a favorable investment outcome. Past performance is no guarantee of future results. Investments will fluctuate and when redeemed may be worth more or less than when originally invested. This information should not be construed as investment, tax, or legal advice and may not be relied on for the purpose of avoiding any Federal tax penalty. This is neither a solicitation nor recommendation to purchase or sell any investment or insurance product and should not be relied upon as such.