Before You Talk to Your Buddy at That Big Firm… Read This First
Why your friend’s financial advice might be more sales pitch than strategy—and how to tell the difference
So you’re thinking:
“I just want to check with my friend at [insert large firm name here] before I make a decision…”
Totally fair. In fact, I agree—it’s smart to get a second opinion before making a major move.
But here’s the thing most people don’t realize:
Not all financial advice is created equal.
And depending on how your friend is paid… the advice you get might not actually be in your best interest.
Let’s talk about it.
The Hidden Incentives Behind Most Financial Advice
Your friend at that traditional firm?
Chances are, they’re being compensated through commissions and AUM (assets under management) fees.
That means:
If you buy a product, they get paid
If your investment portfolio grows, they get paid more
If you stop investing or want advice unrelated to investing… well, they may suddenly stop calling
And let’s be honest—you didn’t start a law firm to become someone’s investment vehicle.
You deserve better than sales pitches dressed up as financial plans.
We’re Not Selling You a Product—We’re Building a Strategy
Here’s how we’re different:
🚫 No commissions. No investment kickbacks. No product quotas.
✅ Flat-fee, conflict-free advice that serves you, not our bottom line.
We’re not here to sell insurance or mutual funds.
We’re here to:
Help you grow your firm
Build your personal wealth
Reduce stress
Create an exit plan that works
Optimize cash flow, taxes, and business operations
And we do it all as your financial and business strategy partner—not a salesperson in disguise.
Want to Compare? Let’s Make It Apples to Apples
Look, I’m not here to bash your buddy. They might be great.
But if you’re going to compare options, make sure you’re really comparing:
Fee Structure: Most financial advisors are compensated by commissions or percentage fees. We charge a flat fee, which aligns our financial interests with your wellbeing.
Product Sales: Most financial advisors are focused on selling you products. We sell nothing.
Business Experience: Financial advisors rarely have the capability of helping you with your business planning. At The Lawyer Millionaire, that’s our jam.
What to Watch Out for When You Talk to Your Buddy
When you meet with your friend at XYZ Firm, here are a few questions to ask:
“How are you compensated if I buy insurance or investments?”
“What happens if I just need business or tax advice—do I still pay the same?”
“Will you help me grow the value of my law firm or just manage investments?”
“Do you provide a written plan? How often is it updated?”
“What do you do that someone on salary wouldn’t be incentivized to do differently?”
Compare that to our model—and you’ll see the difference right away.
You Deserve Advice Without Strings Attached
You’ve worked too hard building your practice to risk it on conflicted advice.
Let’s have a transparent, no-pressure strategy session. You’ll walk away with clarity, and you’ll be better equipped to spot the difference between real strategy and a sales script.
And if you do decide to talk with your friend—great!
At least now, you’ll know exactly what to listen for.
PS: Want to connect with other law firm owners who’ve made the shift to flat-fee, business-first financial planning?
Come join us inside the Lawyer Millionaire Community. You’ll see how powerful this work becomes when you surround yourself with the right people.