(ARA) - You’ve entrusted your spouse or partner with your life and love. But when it comes to leaning on someone for financial advice, that’s often a different story.

A new survey for A.G. Edwards & Sons, Inc., one of the nation’s largest investment firms, found that nearly four out of 10 Americans listed themselves as the person they trust the most when it comes to making financial decisions.

The survey, conducted by MarketTools Inc., said 39 percent of respondents trusted themselves the most regarding finances. Next were professional financial advisors (16 percent); a parent or grandparent (15 percent); and then the respondent’s spouse or partner (13 percent).

Sophie Beckmann, a Certified Financial Planner and CPA with A.G. Edwards, says the fact that financial advisors rank higher than even spouses as trusted sources of financial advice is eye-opening. But there are a variety of reasons why the “love connection” doesn’t always extend to money.

“People with financial advisors are used to going to them for advice and knowledge about investing; so even if spouses share financial decisions, their advisor still might be the most trusted consultant or information source,” Beckmann says.

In fact, the A.G. Edwards study indicated that among people who have financial advisors, more trust their advisors as a source of financial acumen than they do themselves -- 41 percent to 31 percent -- while the spouse ranked even lower at 11 percent. “These findings also may reflect how hard it is for most of us to communicate with our partners about finances,” Beckmann says. “We trust them, but there are a lot of things that can get in the way of good communication about money.”

It doesn’t have to be that way. Beckmann offers a few tips to help couples communicate about finances:

* Get your goals straight, together. Recognize you may be different. This doesn’t necessarily mean one of you is from Mars and the other from Venus. But you should understand that each of you may have a different tolerance for financial discussions. Try to accommodate each other’s preferences when you discuss finances.

* A nice KISS. Some spouses prefer to leave most of the financial planning to their partner, but they also want to be kept informed -- a key element of building trust. But Keep It Simple Spouses: Provide brief, regular updates about investment performance and savings and checking accounts to ensure that you and your spouse have a common understanding of your current financial situation and your progress toward your long-term goals.

* Seek counseling. Just as with any other issues couples might face, having an expert, neutral third party to listen and provide advice typically is helpful. A professional financial consultant can take into account not only your financial goals but also your “Investment Personality” -- your personal preferences and comfort levels for such elements as risk, how long you plan on investing and so on. By recognizing each individual’s Investment Personality, it will be easier to map out strategies that make the most sense for you and to identify how best to communicate with each other about finances.

* It takes time. The A.G. Edwards survey also found that most financial conversations between couples take place during leisure time, especially on weekends, during dinner and before bed. Jointly decide the times that work best for you and your spouse and make it a regular part of your routines during non-stressful times.

* Take it easy. If you’re going to take leisure time to talk about finances, reduce the “work” aspect of the conversation by having it in a relaxing setting -- over a take-out meal, while lounging on the porch or maybe while walking the dog.

* Start early, stay flexible. The best time to figure out how to interact regarding finances is early in your relationship to avoid falling into patterns that don’t please one or both of you. But realize that as time goes by, it may work better for your roles or the way you communicate about finances to change. Check in with each other every once in a while to see whether you need to update your financial routines.

For more information, please visit www.agedwards.com.

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