You have worked hard to be a faithful, wise steward. Hiring a financial advisor is one of the more significant decisions you will make to protect your investments—with implications for the path of your financial future for decades to come. So, how do you pick a financial advisor? Let’s start with how not to. Here are 3 common mistakes made in hiring a financial advisor.
Hire to pursue treasure.
We are merely stewards of what God owns. Our greatest treasure is eternal. Pursuing wealth without consideration that the treasure belongs to God affects the financial goals we might have with our investments. Hiring a financial advisor should encompass your values and challenge you to consider more than just the bottom dollar. A wise financial planner will seek to discover your goals and help you find the best avenues to pursue the goals in a well-rounded manner.
Hire to pursue pleasure.
Visions of a lavish lifestyle as the impetus for finding a financial advisor are likely not realistic and place an emphasis on finances that they were never intended to deliver. At Stewardship Advisory Group, we seek to utilize a holistic approach that focuses not just on the investments themselves but on the person and how generosity coupled with sound financial principles can help you plan faithfully and can serve Kingdom purposes and bless you financially.
Hire under pressure.
Life sends us curve balls that we are often unprepared for. Trying to find a financial advisor when an avalanche of financial problems is headed your way misses the point of an advisor. Investments require planning, and that includes carefully planning who you can trust with your hard-earned wealth.
Some factors that can help you in your search include:
Hiring someone who shares your faith.
Hiring a financial advisor who shares your faith matters. Your investment convictions matter, so your financial advisor should listen to your heart and invest your wealth responsibly and through what we call Biblically Responsible Investing (BRI). These investments yield similar to secular counterparts and help you contribute to causes you care about.
Hiring someone with experience and a track record.
Flashy ads and promises are things to be wary of when you are researching who should help you steward your wealth. It will require a little research to be able to compare and understand the services you need as well as the services your financial planner offers.
Hiring someone who can help you plan beyond tomorrow.
Your financial planning needs to outlast you for the sake of your loved ones and the legacy you want to leave for the Kingdom of God. At Stewardship Advisory Group, we take a comprehensive approach centered on your convictions, dreams, and goals. We would love to help you work toward your future with clarity, confidence, and control. Contact us for a free consultation to see if we are a good fit for you.
