What’s a Financial Advisor, and Do I Need One for Investing?

One in four Americans work with a financial advisor, and nearly 95% of those who do say it’s worth the cost. Yet many people still hesitate, believing advisors are too expensive or only for the wealthy.

In this episode, Ralph Estep Jr. unpacks the real pros and cons of hiring a financial advisor compared to managing your own investments. He shares client stories, explains the value of guidance and accountability, and reminds us that while DIY investing can save on fees, professional advice often brings clarity and peace of mind. Grounded in Proverbs 15:22 (“Plans fail for lack of counsel, but with many advisors they succeed”) and James 1:5, Ralph highlights the biblical importance of wise guidance. You’ll discover how to recognize when your finances are simple enough to handle on your own, when complexity calls for expert help, and the questions you should ask to ensure you’re choosing a trustworthy, values-aligned advisor.

Read today's blog article:
https://www.financiallyconfidentchristian.com/blog/financial-advisor-investing/
https://financiallyconfidentchristian.com/financial-advisor

Podcast Timestamps
00:00 Statistics about financial advisors in America
02:00 DIY investing vs. hiring a professional: cost vs. value
04:10 Client story: “I wish I had done this 10 years ago”
05:00 Scripture focus: Proverbs 15:22 – the value of counsel
06:00 Key benefits of advisors: guidance, planning, accountability
07:10 The downside: cost and trust issues
08:00 What is a fiduciary and why it matters
09:30 The importance of integrity, values, and faith alignment
11:00 Bonus Scripture: James 1:5 – asking God for wisdom
12:00 Action step: Schedule a free consultation with an advisor
13:00 Recap: balancing goals, complexity, and trust

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The Ask Ralph Media Podcast has been honored as the Best Christian Finance Podcast in the U.S. for 2025 by Best of Best Review. This prestigious award recognizes the show’s unwavering commitment to blending biblical wisdom with practical financial guidance, empowering listeners to make wise money decisions rooted in faith. Through its concise, impactful 10–12 minute episodes, the Ask Ralph Podcast has inspired and equipped audiences nationwide, standing out among countless voices in the finance and faith space.
https://bestofbestreview.com/awards/ask-ralph-media-inc-best-christian-finance-podcast-in-the-u-s-of-2025