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Catholic Answers Focus

#461 Ethical Finance and Investing - Deacon Frank Reilly

Catholic Answers Focus

Catholic Answers

Christianity, Religion & Spirituality

4.61.4K Ratings

🗓️ 30 November 2022

⏱️ 39 minutes

🧾️ Download transcript

Summary

Jesus spoke a great deal about money and wealth, but how do we apply his teaching in a world of complex financial interconnectedness? Deacon Frank Reilly, the founder of Reilly Financial Advisors, now a part of Creative Planning brings a lifetime of experience to the question. Terence McGoldrick, Providence College Theology Professor, is an advisor to Deacon Frank in the work of finding morally acceptable investment opportunities. Both join us for a discussion. Cy Kellett: Hello, and welcome to Focus, the Catholic Answers Podcast for living, understanding, and defending you…

Transcript

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0:00.0

Hello, and welcome to Focus. The Catholic Cancer's podcast was living, understanding, and defending

0:10.8

your Catholic faith. I'm Psykel at your host, and we Catholics are really good at bioethics,

0:16.1

we're very good at family ethics, you want the ethics of warfare, we can do that, but

0:21.0

when it comes to financial ethics, especially in a world in which there are more and more

0:24.8

complex financial instruments available to people, how do we make those moral decisions? And

0:30.8

is the church really any help to us at all? And we welcome two guests this time to help us discuss

0:36.1

this very question. First, in studio here with us is Deacon Frank Riley, the founder of Riley

0:40.2

Financial Advisors, which is now part of Creative Planning. Deacon Riley, thanks for being here.

0:44.7

Oh, I'm so happy to be here. And full disclosure, both of us children of the diocese of San Diego,

0:51.8

I guess, as a way to say it, you ordained a Deacon here in the diocese and I worked for a long time

0:56.9

for Bishop Brom at the newspaper. And it turns out that the other guy that we're welcoming here

1:01.1

from the East Coast at Providence College, theology professor at Boston, excuse me at Providence College,

1:06.9

sorry, I almost demoted you to Boston College, I apologize that. And theologian for Creative Planning,

1:12.9

where Deacon Riley works, is Dr. Terrence McGoldrick, who also worked with us at the diocese of

1:17.7

San Diego, Dr. McGoldrick, thanks for being with us. Thank you, Saiya, those good old days with

1:22.6

Bishop Brom, I remember them so well. Yeah, who a blessed memory now had passed recently. But

1:29.9

you were eight years as the director of an institute that Bishop Brom founded in the diocese,

1:34.7

which was to teach lay people theology basically. That's right, we had about 1200 students at that time

1:41.9

and we offered six different certificates, adulthood, and also for the Deacons. And this is where I

1:47.1

met Frank in the Deaconate program, which you know, it was really important to bolster the faith

1:54.5

for our large parishes that rely so much on lay ministry. So that was the goal. It was a wonderful

2:01.3

work. I made so many good friends with diocese and you know, it's got great memories and still

...

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