AdvicePay Financial Advisor Community Blog

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

Free Tools to Step Up Your Marketing Game

November 23, 2020 By: Shannon Beck

If you are a financial advisor hoping to grow your business, it is imperative that you have a marketing plan in place. The value of effective marketing is irreplaceable -- it helps you cultivate your client base, maintain your brand, and grow your...

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Topics: Marketing, Practice Management

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

Maintaining Your Client Relationships

October 29, 2020 By: Ashley Rumschlag

As a financial advisor, it is always important for you to build strong relationships with your clients. Clients value the relationship they have with you when times are stable, but even more so when they are navigating challenging, uncharted waters....

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Topics: Practice Management, Client Relationships

Conveying the Value of Financial Planning to Prospects

October 15, 2020 By: Honor Randall

In our modern world, financial planning clients are drawn more and more to transparency. With the advent of the virtual firm, you’re no longer competing with advisors in just your geographical area, but an array of financial planners across the...

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Topics: Practice Management

How to Market Yourself Virtually as a Financial Advisor

October 07, 2020 By: Shannon Beck

It is no secret that 2020 has pushed many advisors into going virtual. It is also no secret that people need financial advice now more than ever. So, as a financial advisor, how do you sell and market yourself to prospective clients virtually? Check...

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Topics: Marketing, Practice Management

How 3 Firms Successfully Structure their Pricing

September 25, 2020 By: Honor Randall

There are endless ways to calculate your fees when operating under the fee-for-service model. While no single approach is the solution for every firm, trends in payment calculations have begun to appear among financial planners. If you're still trying...

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Topics: Practice Management, Fee-For-Service

Excelling with a Virtual Financial Practice

September 14, 2020 By: Honor Randall

Although many financial planners have converted to “virtual practices” in the past few years, the global pandemic has certainly pushed many more into this business model practically overnight. As more companies continue to postpone office openings,...

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Topics: Practice Management