AdvicePay Financial Advisor Community Blog

Is Your Billing & Payment Software Compliant?

September 22, 2021 By: Isabelle McGrail

In the financial services industry, no one is a stranger to the word compliance.

While researching how to stay compliant as a financial advisor, you’ll usually find long-winded, overwhelmingly complex descriptions of what is required to be in...

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Topics: Compliance

6 Questions to Address with Your Billing & Payment Solution as a Financial Advisor

August 23, 2021 By: Lana Dalton

When starting out as a financial planning professional, getting paid is unquestionably one of the top priorities when establishing your business. It is key to properly vet solutions that allow you to send out invoices seamlessly, allow your clients to...

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Topics: Compliance, Practice Management, Fee-For-Service

Standout Quotes From our Webinar,"Scaling Financial Planning Into a Revenue Center for Your Enterprise"

June 24, 2021 By: Shannon Beck

The financial planning business model is swiftly evolving. Gone are the days of when it was a time-consuming and complex loss-leader! In 2021 it is now being powered by advanced technology to become a highly lucrative fee-based revenue stream.

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Topics: Compliance, Retainer Model, Practice Management, Fee-For-Service

What Makes AdvicePay Compliant

November 15, 2018 By: Lucy Robeson, CFP®

I recently attended an NRS Compliance Conference in California and, as we like to do at AdvicePay, we brought some pretty cool t-shirts to give away. While I expected the “all you need is love and a good financial planner” t-shirt to be a popular...

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Topics: Compliance

Compliant Billing Solutions for Financial Advisors

August 28, 2018 By: Alan Moore, MS, CFP®

Here’s a fun paradox for the financial advisor — while you spend your entire day planning other people’s finances, your own billing systems are some of the most challenging parts of your job. Like the therapist who is the most challenging client for...

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Topics: Compliance, Retainer Model

Why Broker Dealer compliance is important for a retainer model

August 21, 2018 By: Alan Moore, MS, CFP®

As the shift toward a retainer model for financial advisors becomes more popular, broker-dealers have been presented with a new set of challenges. To remain compliant in a retainer model, they have to work with financial advisors to make sure the...

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Topics: Compliance, Retainer Model

Investment Advisor Best Practices for Recurring Fees Billing

August 07, 2018 By: Alan Moore, MS, CFP®

When it comes to financial planning business models, the monthly retainer is the equivalent of a style icon or musician ahead of their time. While charging recurring fees for investment advice responds creatively to the current needs of a younger...

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Topics: Compliance, Retainer Model

Investment Advisor Compliance When Charging for Recurring Fees

July 31, 2018 By: Alan Moore, MS, CFP®

In your role as an investment advisor, remaining compliant is more than likely at the top of your to-do list. It’s important  to conduct business in a manner that stays in line with best practices and adheres to the stipulations of industry...

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Topics: Compliance, Retainer Model

Independent Payment Processing is Good For Financial Advisor Client Protection

May 24, 2018 By: AdvicePay

Everyone knows trust must be at the core of every good relationship, and this is even more true when money is involved. As a general rule, nobody likes to worry about money, but it remains a top concern in our highly technological world due to the...

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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...

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Topics: Compliance