Find a financial advisor for Latter-day Saints who will help you achieve your financial goals with a faith-based approach to financial planning.
As a member of The Church of Jesus Christ of Latter-day Saints, you may want to consider working with a financial advisor who shares your faith and specializes in building financial plans that incorporate Latter-day Saint values.
While you may meet a Latter-day Saint financial advisor within your ward or community who serves other members of your congregation, you have more options today than ever before to find a faith-based financial advisor who not only shares your beliefs but also specializes in offering services tailored to your individual circumstances.
You may decide that working with a Latter-day Saint financial advisor online, often via Zoom meetings, can be a great alternative to meeting in person if you’re looking to save time in your day.
Latter-day Saint financial advisors specialize in how to apply LDS principles to financial planning. They may also build investment portfolios aligned with Latter-day Saint values.
Are you ready to hire a financial advisor? Get to know financial advisors for Latter-Day Saints with the resources below.
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Find Financial Advisors for Latter-Day Saints on Wealthtender
📍 Click on a pin in the map view below for a preview of financial advisors for Latter-Day Saints who can help you reach your money goals with a personalized plan. Or view the gallery to search our directory of financial advisors with additional filtering options.
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Smart Tips to Find a Financial Advisor for Latter-Day Saints
Before hiring a financial advisor for Latter-Day Saints, here are a few quick tips to help you find the best advisor for you.
1. Decide Which Services You Need
Before hiring a financial advisor, determine what services you need from them. Whether it’s full-service investment management or a plan focused on a specific area of your finances, put together a list of what you’d like help with before contacting an advisor.
Though most people use a financial advisor simply to invest for retirement, this is only a small part of what many advisors offer. Here’s a quick rundown of potential services a financial planner may offer you:
- Budgeting and money management
- Debt management
- Insurance planning
- Retirement planning
- Other investment planning
- Inheritance planning
- Estate planning
- Tax planning
As you can see, financial advisors can help you with your entire financial picture, not just investing. As you start to plan for life’s bigger milestones, you should consider finding a financial advisor that specializes in those areas.
Finding the right advisor can help you minimize risk, maximize gains and take advantage of tax breaks while investing for your future. They can also help you protect your assets with the right kinds of insurance and help you pass on your financial legacy with a proper estate plan.
2. Consider Your Budget and Payment Preferences
Once you have a list of services you would like, review the fee structures financial advisors offer. Finding a balance between the services you need and the cost of those services will help narrow down the field of advisors you may want to work with.
If you are looking for a full-service advisor to manage all of your investments, consider searching among fee-based financial advisors. If you want to manage your money yourself, consider the flat fee and monthly subscription advisors for ongoing support.
3. Interview Multiple Financial Advisors
Once you have chosen the services and fee structure you prefer, it’s time to contact a few advisors and interview them. Here are questions to ask financial advisors:
- What services do you provide?
- What are all the ways you get paid? (fee transparency)
- What is your investment strategy?
- How do you measure investment performance?
- How do we communicate about my plan?
Interview multiple advisors to get a feel for who you want to work with. A combination of fees, services, and customer service will help you determine the best fit for your financial advice.
4. Review Financial Advisor Credentials
Once you find an advisor (or two) you feel comfortable with, it’s always a good practice to check their credentials and the firm’s details. You can do this at the Investment Adviser Public Disclosure (IAPD) website.
You can check both the individual and the firm to view their background and experience details, as well as any disciplinary action taken against them or their firm.
As licensed financial professionals, there is oversight into how financial advisors conduct business, so running a quick (free) check on them is recommended.
For additional information about advisor credentials, read our article to learn the most popular designations held by financial advisors, as well as specialized credentials which may be important to consider if you have unique financial planning needs.
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About the Author
About the Author
Brian Thorp
Brian is CEO and founder of Wealthtender and Editor-in-Chief. He and his wife live in Austin, Texas. With over 25 years in the financial services industry, Brian is applying his experience and passion at Wealthtender to help more people enjoy life with less money stress. Learn More about Brian