At FaithBasedInvestor.com we help individuals and businesses manage their assets in a way that reflects their faith and values. Many of our clients refuse to hand their hard earned money over to “just anyone”. Instead, they want to own investments they can be “proud to own”. This entails a five steps process:
1) Access where you are currently. Without know exactly where you are investing it is nearly impossible to know if your portfolio is in line with your values. A quick appointment with an advisor who specializes in faith-based/values-based investing can help you determine if your portfolio is a good fit with your moral criteria.
2) Reflect on where you want to go. What values are most important to you? What is acceptable and not acceptable to you as you invest. First, look at positive aspects. What moral/social issues are on your heart? Feed the poor? Speaking up for the unborn? Helping the underprivileged? Make a list of positive values. Next look at areas in society you wish to have no part in. Maybe you do not want to profit from abortion, pornography, gambling, embryonic stem cell research, or something else…
3) Create a plan to get from point A to point B. Now that you know what your desires are find a resource to help you with faith-based/values based investing. At Faith-Based Investor, we can provide you with an investment newsletter to help you invest or we can manage a faith-based portfolio for you. You can also seek out another advisor who specializes in this area.
4) Implement your strategies. Once you have a plan, implementation is critical. A plan is worthless if you never put it in action. Chose a brokerage firm, how you will get advice or find investments that meet your criteria, and get started!
5) Have accountability. Setting up your plan and implementing it are huge steps in the right direction. However the key to long-term success is accountability. Have someone on your team that has a vested interest in your success is an absolute necessity. Whether it’s a financial advisor, friend, or someone lese you trust and who is an expert in this area, make sure you have qualified help to bounce ideas off of.
How to start your own mutual fund
Now that you understand the five steps to get started, let’s look at how you can essentially create your own mutual fund:
Folio Institutional is used by more than a thousand advisors to manage billions of dollars of client assets on our platform. Founded in 1999 by Steven Wallman, a former Commissioner of the Securities and Exchange Commission, we provide a better way for advisors to manage your financial investments. Advisors can provide their clients with customized portfolios, better asset allocation, and more efficient trading to improve portfolio performance.
With Folio Institutional, your financial advisor can manage your stocks, ETFs and mutual funds as integrated investment portfolios called Folios. Folios work very much like a mutual fund, except you see every company you own. You can essentially buy 10, 20, or even hundreds of companies within your account all for a reasonable fee.
Folios make it easy for your advisor to design a personalized portfolio that addresses your specific needs and investment goals. Folio Institutional consolidates brokerage, custody, trading, performance and tax reporting, and compliance services on a simple-to-use platform so your advisor can focus attention on managing your investments.
Here are a few other benefits from setting up an account with Folio:
- Independent performance reporting
- Electronic delivery of statements and reports
- Secure online access
- Retirement and qualified plan services
- Tax tools and downloads
- Online proxy voting
- Extended insurance on your securities and cash
Want to learn more?
This solution allows a faith-based advisor to create faith-based folios that are in line with your faith and values. If you have questions about folio or faith-based investing, I welcome your call or email today!