AdvicePay Financial Advisor Community Blog

New Feature Release: Payment Descriptions

March 13, 2019 By Mary Moore
Mary Moore

At AdvicePay, we realize that compliance has to be a top priority for financial advisors. In fact, besides being efficient and secure, our system is built to be a compliant billing and payment solution for fee-for-service financial planning.

So, when regulators came to us requesting an enhanced feature, we were able to make the change to our system right away to keep our users compliant with their request. That's the beauty of focusing on our niche -- we're all about serving financial advisors. Period. And we're proud of that.

Here's a quick overview of what's new!


Make Edits to Descriptions on Payments

It has been requested by Washington state regulators that we implement the ability for financial advisors to edit the description on payments. You now have the ability to go back on an invoice and update exactly what services were performed for the month and/or quarter. 

Screen Shot 2019-03-12 at 10.04.27 AM


Screen Shot 2019-03-12 at 10.07.14 AM


AdvicePay will continue to keep up with changing regulations.

One of the major differences between AdvicePay and other payment processors, is that we are designed specifically for financial advisors. We take compliance regulations into account -- and respond to specific regulator requests immediately! 

Want to learn more about what makes AdvicePay compliant? Check out this blog post.

Coming Soon: Download All Invoices at Once

Easily organize and archive your invoices from AdvicePay! More details shortly.

Questions about AdvicePay?

We are here to help! Please reach out to


Posted by Mary Moore

Mary leads the ongoing product development of AdvicePay. Since she holds a degree in Financial Planning from the University of Illinois, grew up on a farm, claims to have an inner Pioneer Woman, and now is a passionate remodeler of her 1910’s craftsman house, Mary is pretty much the perfect person to make everything-AdvicePay better. When she’s not changing the world through billing and payment solutions, Mary can be found at her favorite PureBarre class or sipping drinks in a local spot, dreaming of her one-day vacation to Bora Bora.

Topics: Feature Releases