AdvicePay Financial Advisor Community Blog

How Often Should I Bill My Clients?

May 18, 2021 By: Lana Dalton

Here at AdvicePay, we genuinely believe in the fee-for-service planning model and how it can successfully grow and scale your business. More and more, we are seeing that clients want advisors to justify their fees and provide more value than just...

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Topics: Practice Management, Fee-For-Service

5 Things People Get Wrong About Fee-For-Service

April 29, 2021 By: Honor Randall

While the fee-for-service revolution continues to change the landscape of financial planning, many advisors aren’t quite sure how to incorporate it seamlessly into their practice. It can seem daunting to change your current way of doing business, or...

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Topics: Practice Management, Fee-For-Service

The "Why" Behind Deliverables for Enterprise

April 20, 2021 By: Cassie Jackson

In 2019, we launched the Enterprise Platform of AdvicePay. As we continued developing and customizing the platform, we started to hear a recurring request from many firms looking into onboarding with AdvicePay. They needed a way to collect planning...

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Topics: Feature Releases, Fee-For-Service, Enterprise

How to Charge for Fee-For-Service Financial Planning

April 14, 2021 By: Lana Dalton

Are you considering switching or adding fee-for-service planning to your practice? Or have you recently transitioned to become fee-only? The freedom to set your upfront and recurring fees is a huge benefit but can also be daunting if you are just...

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Topics: Practice Management, Fee-For-Service

Reasons Why the Fee-For-Service Model Will Help You Grow Your Business

March 25, 2021 By: Lana Dalton

As the financial planning industry is continuously evolving, which has been amplified in response to the pandemic and a rapidly growing number of clients in the X and Y generations, the monthly retainer model has become the preferred fee structure for...

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Topics: Practice Management, Fee-For-Service

Step-by-Step Guidance on Implementing AdvicePay in the New Year

February 10, 2021 By: Lana Dalton

Is your practice ready to stretch beyond the AUM model and start growing through fee-for-service offerings? AdvicePay is here to help advisors grow their businesses in 2021 and beyond. 

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Topics: Practice Management, User Experience, Fee-For-Service

2021 Financial Advisor Trends and How AdvicePay Can Help

January 20, 2021 By: Lana Dalton

It’s no surprise that the future of wealth management and financial advising is starting to evolve -- and we are going to begin to see these changes in the next few years. Although 2020 was a challenging year, to say the least, we saw accelerated...

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Topics: Practice Management, Fee-For-Service

Our Top 10 Blogs of 2020

January 14, 2021 By: Shannon Beck

In 2020, we covered a lot on our blog —fee-for-service tactics, marketing strategies, virtual work tips, pricing strategies, and more!As we jump into a new year, let's review our top 10 most-read blog posts of 2020.

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Topics: Marketing, Practice Management, Fee-For-Service, Client Relationships

How to Charge for What You're Giving Away for Free

December 17, 2020 By: Lana Dalton

Are you charging your clients for financial planning? Or do you solely rely on the sale of products and working with clients through AUM? For most of its history, "getting paid" for financial planning has really been about giving away financial...

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Topics: Practice Management, Fee-For-Service

Who is the Fee-For-Service Client? (And Why You Want Them at Your Practice)

November 06, 2020 By: Honor Randall

While younger generations have become the face of fee-for-service clients, they aren’t the only folks who can benefit from this unique model. Advisors are having great success in working with various clients of all ages, financial situations, and...

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Topics: Practice Management, Fee-For-Service, Client Relationships