It’s often difficult to know where to turn and who to trust for long-term financial help because the financial services marketplace has so blurred the distinctions; brokers, insurance salesmen, and Certified Financial Planners may all call themselves “Financial Advisors”. We’ve compiled a list of 10 qualities that every Christian should look for before choosing a Financial Advisor.
- Shared Values
Many people approach financial advisors with skepticism, placing them slightly ahead of used car salesmen and members of congress in perceived trustworthiness. Since trust is essential in any relationship, Christian clients want to believe a Christian advisor can be trusted. It is essential that there are shared values and goals.
- Proven Wisdom
Biblical principles are always right, always relevant and will never change. Every day people are bombarded with offers to help manage their finances. Savvy Christian clients are looking for something more. Something proven. Something designed just for them. With that in mind, there must be tools, resources, and ongoing training that equips advisors to weave timeless biblical principles into their professional financial practices.
- Family Perspective
Transfer of wealth must be accompanied by the transfer of wisdom. Family conversations about money can be difficult. Christian parents want to pass on biblical principles of money to their children. Parents are looking for guidance as they consider transferring wealth to the next generations. The advisor who can counsel not just the client, but the entire family is a rare and valued confidante.
- Kingdom Impact
Helping clients see money from God’s perspective changes every decision with money. Like all investors, Christian clients want a return on their money, but beyond that, most Christians want to have an impact on the world. Christians realize the brevity of life and see their wealth as a way to invest for eternity.
- Peace of Mind
Peace of mind comes from the confidence that all money is God’s money, and that God alone is the true provider and protector. Delivering peace of mind is where an advisor’s professional practice becomes his ministry. Ultimately, peace of mind comes from the confidence that all money is God’s money, and that God alone is the true provider and protector. Offering clients this perspective adds deep and lasting value.
Kingdom Advisors must be held to a higher standard. Christian clients don’t want to give up professional competence to gain biblical wisdom, but they fear they might. Can a wise trusted advisor who shares their faith also have professional qualifications second to none? We think so. Be sure to see if your potential advisor has the Certified Kingdom Advisor (CKA®) designation. To achieve qualification, advisors are held to a higher standard than even Certified Financial Planners™. CKA®s must meet rigorous standards in experience, competence, character and biblical financial acumen. Clients can be sure that a CKA® has all the qualifications and the biblical wisdom they seek.
Listen effectively, seek the deeper stories and desires that lie in clients’ hearts. Everyone wants to be known and to be understood. Ultimately, a relationship with a financial advisor is just that, a relationship. We tend to like people who show an interest in us and our stories. Christian clients especially want their advisor to understand the totality of who they are – not just their finances. They want their advisor to consider their values, goals, life impact and much more. They are looking for a guide to walk beside them and give them wise counsel. Through meeting with other Christian financial advisors and participating in conferences and training, Kingdom Advisors members are prepared to listen effectively, seeking the deeper stories and desires that lie in clients’ hearts. Long-term relationships begin when Kingdom Advisors seek out the hearts of their clients.
Financial advisors are uniquely positioned to speak into people’s lives in areas where few others can. Christians want to be faithful stewards with God’s money. They want to hear those words, “Well done, good and faithful servant,” at the end of their lives. To get there, they have recognized they need help and long-term guidance.Kingdom Advisors believe there are four roles for every advisor: leader, counselor, advisor and disciple maker. Because money reveals the issues of the heart, the financial advisor is uniquely positioned to speak into people’s lives in areas where few others can. Look for an advisor that will encourage and equip their clients to be faithful, both spiritually and financially, for the long term.
Emphasize the biblical values of limiting debt, not grasping at transitory riches, and using basic, wise, time-tested principles to experience the security that comes from God. In a world permeated with unknowns, they experience anxiety. Promises that sound too good to be true are as much a temptation for Christian clients as they are for anyone else. The Christian financial advisor has a distinct advantage; they alone can assure clients where their security lies.
Generosity breaks the power of money in our lives, allowing us to master money rather than to have money master us. Christians often wonder if they are being truly generous with their wealth. They dream of giving more than just a tithe and yet have not created a plan to live a more generous life. A Kingdom Advisor knows generosity breaks the power of money in our lives, allowing us to master money rather than to have money master us. Kingdom Advisors are qualified to create individualized generosity plans for each client, regardless of the level of their assets.
Box Financial Advisors takes pride in being a firm build on these 10 qualities. To learn more, call 817-865-1811 today.