**Don't Divide and Conquer Financial Investment Tasks**
Both partners in a relationship should be involved in financial decisions—don't delegate all investing decisions to one person.
**Scenario**: Karla and Adrian split household tasks by preference, but this "divide and conquer" approach shouldn't apply to finances.
**The Gap**: The more financially literate partner often handles meetings or trades alone, while the less literate partner is happy to skip them—but this creates problems.
Four Reasons Both Partners Should Be Involved:
1\. It's both of your money—you both need a say in investment decisions.
2\. Risk tolerance often differs between partners, even when other values align.
3\. Financial service providers need to ensure they understand each person and that the financial plan and investments suit both individuals.
4\. Both need to understand investments so neither is left vulnerable if something happens to the other.
**Takeaway**: Work together side by side on financial planning and investing—don't divide and conquer; and for financial service providers, use this podcast to explain why it is so important to have both partners involved.
Ellen BessnerHost