CHAPTER 8: Who Pays You?

It’s pretty common that someone asks an advisor, “How do you get paid?” or “Who pays you?” Those are extremely valid questions, which I don’t mind answering. Though, if I’m being honest, I hate answering that right off the bat before I’ve asked you a single question. Why? Because, the answer is complicated.

Here’s the truth. I’ve spent years becoming very well versed in several pension systems, and I will always answer your questions, regardless of whether I see an opportunity for us to work together. My partner and I operate our own company on this principle. We don’t work for one specific insurance or investment company. So, the short answer is nobody is paying us to talk to you. You are not paying us for our conversation, and no, we do not work for your district or state. We do not work for an hourly wage. We try to always approach our interactions with clients with a sense of optimism, and we enjoy a good laugh.

Personally, I can receive a fee for giving investment advice, I can also show you insurance products that you might want to buy, and if you do the company you choose to purchase a product from will pay me a commission.