Finding Biblical Christian Financial Advisors

A commonly asked question from Christians seeking advice on financial matters is, “How can I find a competent and biblically based Christian financial advisor?”

Limitations in finding good financial counsel
It is very difficult to receive unbiased advice from someone who is trying to sell a particular product. So, an obvious limitation that Christians should be alert to is whether the person giving financial advice is actually giving objective and sound advice or just a sales pitch. 

A second limitation is to find financial counselors with like minds, attitudes, and principles. Many financial advisors who profess to be Christians do not integrate biblical principles in their financial advising.  There are other Christian financial who may know biblical principles, but they have little or no knowledge concerning practical and timely strategies for implementing wise financial decisions.

There are many guidelines in God's Word for seeking and selecting good and godly financial advice.  While seeking biblical financial counsel is advised, selecting sound, independent, competent advice is also imperative.

Principles for seeking and selecting good financial counsel
Listed below are three basic principles that Christians need to consider in seeking and selecting a good, godly financial advisor.
1. Seek and select a Christian advisor. 
Those who desire to honor Christ with their finances, should seek and select financial advisors on the basis of a common value system. For Christians, that means to seek counsel from those who acknowledge Jesus Christ as their Savior and Lord.

This does not imply that non-Christians are incapable of giving good financial advice. However, the standards by which decisions are made must be based on God’s Word and biblical values, rather than on the world’s humanistic standards.

2. Seek and select wise counsel from credentialed professionals.
The fact that a financial person is a professed Christians does not necessarily qualify him or her to be a good financial advisor.

All too often Christians throw wisdom and caution to the wind when it comes to taking advice from other professed Christians. Not only should financial advisors be knowledgeable in financial biblical principles, but they also should also possess respected credentials and education to provide sound and unbiased advice.

3. Weigh carefully, and seek confirmation through prayer, before following financial advice.
Even the best financial advisor in the world lacks an essential element necessary to make sound and wise financial decisions—knowledge of God’s plan for the lives of the client. Therefore, there should never be a decision made unless it has been presented to God in prayer first.

The peace of God—or lack of peace—as a result of prayer is an indisputable indicator of God’s preferred directive. In addition, each decision should be tested against God’s Word. If it is not consistent with the purity and the spirit of God’s Word, the decision should be rejected.

Conflicts of interest are rampant in the financial services industry. Therefore, it is important to evaluate a potential financial advisor’s motivation for giving particular advice, including potential conflicts of interest such as commissioned sales of financial products.

Further complicating things is the fact that anyone can call himself or herself a financial advisor, planner coach or counselor
.  It is no small task to know the right credentials to look for and the right questions to ask.  (Read more about suggested questions to ask financial advisors..)

Good and godly financial advice is available for those who diligently seek such counsel. Prayer, wisdom, and caution must be foremost in order to select the most qualified advisors and those whose lives and expertise conform to God’s will.
“The naïve believes everything, but the sensible man considers his steps” (Proverbs 14:15).  

Learn more about Ascend Financial, a Christian CPA financial advisory firm with a biblical world-view.