AdvicePay Financial Advisor Community Blog

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

Quick Tips for Selling, Working, and Staying Sane at Home

August 31, 2020 By: Lena Haines

My feelings concerning working from home are about 50% FOR working from home, and 50% longing to be back in the office. I miss the days of routine, getting into "work mode" when stepping into the office, putting on real pants that include buttons, and...

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Topics: Marketing, Practice Management, AdvicePay Culture

The Virtual Conference Experience: LPL Focus 2020

August 27, 2020 By: Honor Randall

It's been an odd year for everyone, but I know I'm stating the obvious here. For me, this has meant missing out on one of my most significant (and most enjoyable) responsibilities: attending industry conferences and chatting with folks about how...

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Topics: Practice Management

How to Justify the Fee-For-Service Model to Clients

July 30, 2020 By: Honor Randall

As fee-for-service financial planning continues to be a growing trend in the financial industry, it’s hard not to compare it to Assets Under Management (AUM), especially when working with pre-retirees and retirees. While AUM is based on growing and...

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Topics: Practice Management, Fee-For-Service

AdvicePay Fee Calculator: Calculate Your Fees Quickly and Easily

July 15, 2020 By: Honor Randall

Once you determine the best method for calculating fees, the next step is actually calculating fees for each client. Fee calculations can vary greatly, from basic flat fees to complexity based fees. However you’re getting there, our fee calculator...

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Topics: Practice Management, User Experience

3 Things Your Clients Should Know About AdvicePay

July 09, 2020 By: Honor Randall

Whether you’re migrating from check collection or another electronic payment platform, some clients may wonder why you’ve chosen to use AdvicePay. While they likely don’t need to know all the inner workings, there are a few talking points that can...

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Topics: Practice Management

Using Tiered Service Offerings For Fee-For-Service Financial Planning

June 12, 2020 By: Honor Randall

It’s no secret that there are a few ways to price your fee-for-service offerings. One potential solution for your practice is to offer different service tiers that align with clients’ goals, needs, and budgets.

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Topics: Practice Management