AdvicePay Financial Advisor Community Blog

How Often Should I Bill My Clients?

May 27, 2020 By: Honor Randall

AdvicePay may make it easy for your clients to make automatic recurring payments, but you’ll still need to decide what frequency -- monthly, quarterly, or semi-annual -- works best for you and your clients. While it’s certainly important to take your...

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Topics: Practice Management

Why Ongoing Planning can be More Valuable than a One-time Engagement

April 23, 2020 By: Honor Randall

Imagine this: a new prospect reaches out to you after their parents pass away. They need massive guidance to make big financial decisions about the forthcoming addition to their nest egg. They’re likely stressed, uneager to share details of their...

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Topics: Retainer Model, Practice Management

Billing Best Practices

April 20, 2020 By: Honor Randall

AdvicePay makes it simple to bill clients, but there are always ways you can enhance the experience for you and your clients. Here are our best practices for common billing decisions. 

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Topics: Practice Management, User Experience

5 Tips for Secure Video Conferencing

April 15, 2020 By: Scott Doty

Whether it is chatting with your loved ones or conducting a meeting with your clients, video conferencing has increasingly become the new normal. With the increased number of video conferences, there has been chatter around security and potential...

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Topics: Practice Management

Presenting a Financial Plan Virtually

April 03, 2020 By: Honor Randall

As working from home becomes the new norm and social distancing recommendations are being extended further out, it’s a great time to prepare yourself to present financial plans virtually. Meeting via web-conferencing software, especially if it’s not...

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Topics: Practice Management

How to Work from Home: Tips from the AdvicePay Team

March 20, 2020 By: AdvicePay

Many professionals around the globe are working from home to prevent the spread of the novel coronavirus (COVID-19). In the era of social distancing, working from home can feel lonely and overwhelming. For many, it is a big adjustment, and developing...

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Topics: Practice Management, AdvicePay Culture

Communicating with Clients During Rocky Times

March 16, 2020 By: Honor Randall

During rocky times, advisors may feel the worry of their whole client base. The silver lining in a stressful situation is that your value as a financial planner can be showcased. You have an opportunity to listen, communicate, and guide clients...

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Topics: Practice Management

5 Creative Ways to Add Revenue to Your Firm

February 27, 2020 By: Honor Randall

There are many great reasons to adopt a fee-for-service approach and several ways to seamlessly implement it into your business. If you’re currently using an Assets Under Management model, fee-for-service can be a great complement for your existing...

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Topics: Practice Management, User Experience

A Guide to AdvicePay's Small Features that Pack a Big Punch

November 12, 2019 By: Honor Randall

Above all else, my passion in life is efficiency. I go out of my way to memorize keyboard shortcuts and I’ve been using the same color coding system since middle school. That being said, I know it’s natural to feel like taking time to master the small...

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Topics: Practice Management

Fee Increase Success: Cumbie Advisory Services, Inc.

October 22, 2019 By: Honor Randall

Implementing fee increases can be a considerable challenge for financial advisors. However, since the cost of doing business rises every year, it is important that you also get your clients in the habit of paying an additional percentage each year....

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Topics: Practice Management, User Experience, Case Studies