AdvicePay Financial Advisor Community Blog

Alan Moore, MS, CFP®

Alan Moore, MS, CFP®
When life hands you limes, make margaritas. Alan’s entrepreneur journey began in 2012 after he was fired from his job as a financial planner and decided to start his own business. With his undergrad and M.S. in Family Financial Planning, Alan quickly put his business-building smarts and experience to work in helping other advisors start, run, and grow their own financial planning firms to serve NexGen clients. In 2016, he launched AdvicePay with partner Michael Kitces to operationalize the fee-for-service business model with technology that makes sense for the specific needs of financial planners. When he’s not starting companies, Alan lives openly as a self-proclaimed CrossFit junkie and dedicated snowboarder, a skill he is already passing along to his four-year-old son.

Recent Posts

Fee-for-Service Financial Advisor Model

May 22, 2018 By: Alan Moore, MS, CFP®

The financial advisory industry is currently going through tremendous changes. Getting paid as an advisor used to be easy. Advisors simply either got paid a commission or charged an asset management fee.   

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Topics: Retainer Model, Marketing

Why Pricing Shouldn’t Be an Issue with AdvicePay

May 17, 2018 By: Alan Moore, MS, CFP®

Lately we’ve noticed a trend of more and more advisors moving to a fee-for-service model, and often once they try it out, they find it is the best solution for their business. Removing the monthly time investment required to process invoices and payments can be a huge advantage with this type of service. That is why companies choose to utilize a platform like AdvicePay that can be leveraged to accept and manage payments easily and seamlessly, while still remaining compliant. With more time freed up, you can focus on getting more work done for your clients.

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Topics: Retainer Model

Why Can’t I Just Use Quickbooks or PaySimple?

May 15, 2018 By: Alan Moore, MS, CFP®

There are many payment processor options out there, and when evaluating the best solution for your business, the differences aren’t always immediately apparent. As you compare AdvicePay with other systems, you may notice that some have lower monthly fees or transaction costs. However, while they all functionally can move money from point A to point B, there are distinct differences to consider.

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Topics: Compliance

Are clients involved when Triggering Payments Each Month/Quarter?

May 11, 2018 By: Alan Moore, MS, CFP®

One of the major advantages of AdvicePay is subscription payment functionality. Once you have set up a subscription payment for a client — whether it be monthly or quarterly — the client will approve that payment and those payments will then be made automatically moving forward. Clients are notified seven days before the money is deducted in order to meet various state regulations and the SEC's rule on annual disclosures of fees to avoid inadvertent custody. This happens automatically with each payment instead of once a year, but it will allow you to meet the requirements.

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Topics: Compliance