Our New Company: Pier

I think you know my husband Doug best from the pictures of the work he’s doing for the house renovation, but what you haven’t heard is that he is a Registered Investment Advisor. He listens to financial news for fun.

In our family, and in our marriage, we have different roles for how we deal with our money. I focus more on saving money and making intentional purchases. Doug’s role is that he works to invest and increase what we earn. We work together so that we will manage our money well.

For years he has pictured that being an independent advisor helping clients to better invest their money would be his dream job. We’re going to do it. This past year Doug turned down other job offers since he had a better idea in mind, and once that idea took hold, that was it.

We started an investment company called Pier.

Pier provides investment management with an emphasis on producing income streams. It’s for people who want to live off their investments during retirement (without withdrawing principal) and people who want passive income from investments.

If you have old 401(k) accounts from past employers or IRAs that are underperforming, Doug can help you with that.

He’s quite talented at managing investments, but you know I’m biased.

Check out the new site at PierMoney.com just so you can look at what we’ve been working on behind the scenes all this time. (If you think this might help you, you should definitely look into it.)

About Rachel

I write about practical tips that will help you simplify at home. Connect with me on Pinterest and Twitter.

Comments

  1. Congratulations for your family!

  2. Good for Doug, and congrats to you and your family Rachel!
    Jen @ a place 2 call home´s last post…Finding your inspiration

  3. Congratulations! I can’t think of a better endorsement for your new business than to be reading this blog regularly and see how his wisdom in these matters (coupled with your simple living philosophy) lead to a full and blessed life.

  4. This follows perfectly in the investment advice found in Your Money or Your Life, by Joe Dominguez and Vicki Robyn. Producing an income stream with the money you have (eventually not needing paid employment) is exactly what I’m looking for. I will be checking this out! :)!

    • That’s such a good book! We read that book years ago when we first started to think seriously about how we could generate a second income to supplement income from employment.

  5. Smart idea. I’d check it out if I were in the same hemisphere as you guys.

  6. Oh my God, Rachel, I could cry.

    I have been terrified of my money, terrified of investing, terrified of anything that involves thinking about how to be intentional with what I learn for my entire adult life. I have a 403B account from an old job, and need to set up a new 401K next January to go with the new job, and I’ve tried to read the smart investing books but they make me feel like I’m drowning in molasses. I’ve yet to find an investment advisor I trust, so I’ve stuck my fingers in my ears and screamed to make the anxiety go away. Of course it hasn’t worked.

    I don’t know you other than through this blog and your guest posts and podcast appearances elsewhere, but your writing is so honest and the advice you offer so realistic, that I have trusted your intentions and work from the first time I read your blog several years ago. The idea of working with Doug to answer investment questions and make decisions brings me that same sense of calm, purposeful trust — layered over the anxiety of “but it’s MONEY”, of course. :)

    I’ll be checking out the new Pier website and contacting Doug this weekend. Thank you for throwing what feels like a lifeline.
    Lissa´s last post…Kitten Tale #28

  7. HOW EXCITING for Doug and your family!! I’m good with managing money, but lack investment confidence–so goodness knows we need people like your husband who “listen to financial news for fun.” (That’s hard for me to imagine!)

    Wishing you great success on this new venture!
    Anne @ Modern Mrs Darcy´s last post…I’m Headed to Blissdom! Here’s What That Means For Me–and You!

  8. Congratulations you two! I am so happy that his dream is coming to life. I also mirror a lot of others’ sentiments here saying your blog truly is a testament to his knowledge and both of your integrity. I love that you don’t spend money on frivolous things for your home and do what works instead of just “pretty”. It grounds me sometimes :) Keep up the hard work and congrats again!!

  9. Yay! So happy for you guys getting started! I am sure it will go great, but I wish you luck anyways :)

    I think the small company has a lot to offer because people are sick of being lost in the crowd. There is so much craziness with the economy and markets that I think people will feel much more comfortable knowing who is actually taking care of their money… by name :)

  10. Wonderful! Another self-employed family on the planet! I love the legacy you’re building for your children as you both follow your hearts and work hard to make your dreams come true.

    If you get to feeling lonely, I belong to a great FREE online community at http://48days.net/ run by Dan Miller, 48Days to the Work You Love author, it’s a great place to work out ideas and ask for help.
    Blessings on your new venture!

  11. Thanks for your encouraging words about Doug and his new business venture! We’re really excited.

  12. Congrats! Why named PIER? I first read your tagline and thought it stood for PIER
    Passive Investing. Smart Investing. Though Passive Investing, Economic Returns, or something with those letters would be cool. But what do i know, haha, i’m just a kid.

  13. How exciting! Good luck!!
    Jennie´s last post…The Tool You Can’t Clean Without

  14. How exciting for your family to be starting this business. This is certainly a year of changes for you! Now I’m picturing Doug with a hammer in one hand and The Financial Times in the other.
    Lori´s last post…Balancing Balance, Part X: The Home Manager’s Biggest Perk

  15. That’s really great guys — Congratulations! You two are a Dynamic Duo — Really! I was “right on” about being smitten with Doug, but I had a soft spot for your common sense approach, too, Rachel. Plus it’s sweet to see you two interact with your kids.

    It’s been fun following your different adventures at home and abroad. Your simple approaches to doing things — just resonated with me on different levels.

    You see, the reason I have an alter ego named ‘savvysuzy’ is because that’s what I aspire to be. Not only did my family need to be savvier after having a few set backs, but me, specifically, needed to learn how to find new ways of getting and growing what little finances I had coming in.

    I don’t comment at many places these days on line, but when I do, I want to come from a sincere place. That said… I heart where you guys are coming from, truly… Good for you!!!

  16. Congratulations and best of luck!
    Mary´s last post…tell your story

  17. Such wonderful news, Rachel! Happy for you guys.

    jamie

  18. Congrats! I love it when we roll out a new website, we’re currently working on one now, and it feels like we’ve added another member to the family. We even have a “due” date! I’ll have to show this to my husband! He’s geared more to the number crunching than I am.
    Shawna @ CheekyChicFamily´s last post…Healthy Smoothie

  19. What an adventure! Congrats!!
    Katherine´s last post…A Little Tip from Me to You

  20. Congrats to you both and may your new venture be exciting and successful!!
    Donna´s last post…Wish I Could Keep You… But You Have To Go Home

  21. How fantastic! Congratulations on starting a new business and working towards a passion! May it bring Doug and your family great satisfaction and fulfillment!

  22. Congratulations and good luck! I’m the “listens to financial news for fun” person in my family too, so now I feel a kinship with Doug as well as you.

  23. so exciting! Congratulations to you both! I’ll be sure to check it out. We could use as much income generation around here as possible.
    Margo´s last post…Blue Progress in the Office

  24. Good luck on your new business. I do NOT listen to financial news for fun. ;-) So there is a whole market of people like me out there. My husband IS that person in our family.
    Dixie Redmond´s last post…Blog Evaluation Day

  25. Congratulations to both of you! Sounds like you’ve created a business that meshes with both your ethics. I would really trust both of you with my money :-)

  26. Bronwyn Daniels says:

    I hope it goes really well for you guys

  27. I am so very VERY excited for you guys. This is amazing! I’m reading Jon Acuff’s Quitter right now and it really speaks to this idea of intentionally saying no to the things that stand in the way of your dream and going about pursuing it in a way that is sustainable and makes sense.

    I wish you both all the best! XOXOXO
    Megan@SortaCrunchy´s last post…Now Accepting March Sponsors!

  28. Wow! Congratulations Rachel to you and your husband! :) I know how exciting it is to start off even a small thing and this is real big. Best wishes to you guys!!!