I'm pretty active at my church, and I would love to help manage the church funds, but I don't have the slightest clue as to how to strike up that conversation. Has anyone else ever done this?

like
Posting as :
works at
You are currently posting as works at

It depends on the Church. First find out the operating budget of the church. Second find out who manages the money. For instance, our church's operating budget is several million, with over 600k in cash. However, the diocese manages all the accounts so it's not a targetable account. You'd be surprised at the amount of money some of these churches have.

like

Don’t

like

Don’t. Unlimited downside for you. No upside.

like

Bad idea. You need to go thru compliance to get pre approval etc.

like

I manage money for a church I am not part of. They have advisors in the church but wanted someone who is independent from them.

like

Sorry if you don’t heed these warnings, you’re a ....

likeuplifting

I have two churches accounts. Both are ultra conservative, just like endowments. Cd ladders, fixed, and a small index annuity. Doesnt really pay, but i do it out of kindness. 0 risk with those accounts

like

Do not offer to manage the money. If you make money on the account it is an obvious conflict of interest.

like

Don't. Just Don't. Jesus threw the money changers out of the church. There is NO upside on mixing your faith base with the stock market. It will go sour with the first market correction

like

I wouldn’t “invest” for my church for all the reasons above, but they’ve got 350k in building funds that won’t be used for at least 6 months and it’s been earning 0.1% in the bank. We’re going to do 3 month CDs at 1.55% and make them a few thousand. Won’t pay almost anything, but I’m happy to help for a good cause.

like

LUBAX is the fund i use (i forgot to mention). Alternative to mmk. No load and yielding 1.51 with the ability to liquidate at any point. If they have liquidity concerns

like

As a volunteer? Or would you be charging an advisory fee?

Related Posts

Hello guys,
I am working with infosys. If you need referral DM me.

like

Looking for a luxury 1bd apartment (stainless steel appliances, nice pool, etc.) for less than 1.5K. Is this realistic? I was looking at Gables Water Street & Crest at Las Colinas ( both are in Las Colinas area but also considering Uptown and Frisco). Any suggestions?

like

My uncle: Who do your work for again?

Me: Deloitte.

My uncle: 🤷🏽‍♂️

Me: They’re in 150 countries. They have 270k employees.

My uncle: So, is it like a Ponzi scheme?

Me: 😞

funnylike

Carnivorous lunar activities

like

Hi Fishes

Is there any one have not been receiving the offer letter from Infosys from last month?

For those who had Catholic ceremonies.. What kind of shoes did you wear that had bottom soles that looked nice in pics? In other words, shoes with bottoms that don’t look scratched up when you are kneeling at the altar.

like
like

Come on in Vancouver

SIL and BIL told us excitedly last weekend that she was pregnant (had literally just found out, so barely four weeks). This week she tells us she’s not pregnant anymore :(. They did not seem super torn up about it and were very practical about it. We said how sorry we were, etc etc. should I do anything else? Should I not mention it again unless they do?

like

Anyone have a PCP recommendation in Chicago? Preferably affiliated with Rush or Northwestern. I like someone really thorough.

like

I’m sorry but Ashley and Jared shouldn’t be on Bachelor In Paradise let alone getting date cards… y’all are married.. plan your own vacation together. Go home.

likesmart

I work in ERP consulting on the technical side. Wanting to move into product. Would anybody be willing to give my resume a once-over?

like

Any MBB/strategy consulting folks open to referrals? Can give one in return

like

It’s times like these I am so glad i invested in a vehicle.

like

Any good drinks spots for a date night? Something with a frozen fruit drink or craft cocktails?

like

Best Math Curriculum for SPED Math Class 5-8. My School provides me nothing.

like

Anyone have a couple of great recruiter that you could recommend for a SAAS sales position in Houston Texas?

like

Hi Fishers,

I got the offer from Gartner and State street for data engineering. Please tell me which one is good in terms of wlb, annual hike, and work.
yoe - 7 years
Gartner - 24 fixed + 2.4 variable
State street - 27.5 fixed.

like

Additional Posts in Financial Advisors

I’ve got my 7, 66, CFP, and CIMA with roughly 3.5 years industry experience. I started a new role at the paraplanner level… is this a bit of an undersell? Or is that along the industry timeline?

like

Best books you read this year that aren’t about sales, marketing or prospecting?

like
like

Haha Merrill just reduced the pc payout grid by 3% for advisor below $2m in production

like

Has anyone had success selling long term care insurance? How did you position the product? How did you convince the person to buy it? Which policy do you sell the most? Cheapest LTC carrier?

like

How do you feel right now 1-10? Why?

What’s the biggest point of pain for you Indy’s, that tech or other services hasn’t fixed yet?

like

Does anyone have ideas on how to navigate a smaller team environment when everyone’s roles seem to be stretched (hiring for additional people has been taking a while, not sure why). The stress causes some tension and that’s probably not great for the overall morale of the company long-term. I try to ignore and just stay focused on what I need to do yet sometimes proves challenging. I worry it might affect my professional/career growth. Thoughts on this would be helpful, thanks!

like

I'm considering hiring someone who may be required to have a series 65. How long should it take someone who is (a) smart & (b) no industry knowledge to study and pass?

like

Anyone use an auto text reminder service? I rarely have clients forget but I had 1 this week

like

International financial advisor. I’d like to do a hypothetical proposal for client. My go to has always been JPMorgan. They now can’t do it. Anyone else?

like

CFP & ChFC looking to change firms. Currently in a bank program, but not a large portable book to bring over to the next firm. Over a decade experience and about to finish up my MBA. Currently nowhere near the income level I want to be. Any suggestions for a good program to go to for my next move?

like

I do not prospect. I open accounts while slamming a revolving door.

like

Anyone know where/how to go about getting L/VL/VA CE credits form insurance carriers? Anyone have some specifics?

like

I need some good career-development or finance-related books, anyone got any recs?

like

How to politely reject a job offer after going through interview process? I don't want to burn bridges but I got the position I wanted elsewhere. Thoughts?

like

Clients I found = 99% retention, assumed/ adopted clients = 75%. True?

like

Anyone in the Houston area?

like

What are some signs of burn out? This is my first professional job and i’m not sure what the signs are.

like

What types of insurance do you believe are important for a financial plan, and why? (disability, ltc, etc)

like

New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
That was just a preview…
Sign Up to see all discussions
  • Discover what it’s like to work at companies from real professionals
  • Get candid advice from people in your field in a safe space
  • Chat and network with other professionals in your field
Sign up in seconds to unlock all discussions on Fishbowl.

Already a user?
Login here

Share

Embed this post

Copy and paste embed code on your site

Preview

Download the
Fishbowl app

See what’s happening in your industry
from the palm of your hand.

A phone with Fishbowl app

Scan your QR code to download
Fishbowl app on your mobile

Download app

Sign up for free to view this conversation on Fishbowl

By continuing you agree to Terms of Use and Privacy Policy

Already have an account? Log in

Sign up for free to continue using Fishbowl

By continuing you agree to Terms of Use(New) and Privacy Policy(New)
Messaging rates may apply

Already have an account? Log in

For account settings, visit Fishbowl on Desktop Browser or

General

Legal