AdvicePay Financial Advisor Community Blog

How Fee-For-Service Billing Keeps Clients Fully Invested For the Market Recovery

August 26, 2022 By: Bill Winterberg, CFP®

Stock market declines are a part of the long-term investing process, and unfortunately, nobody can consistently predict when and by how much the next significant drawdown will be. 

Financial professionals encourage long-term investors with prudent advice...

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

How to Create an Annual Client Service Calendar for Financial Planning Engagements

July 14, 2022 By: Bill Winterberg, CFP®

The adoption of the fee-for-service financial planning model is changing the dynamics of business operations inside wealth management firms. As low-cost online automated investment services have increased competition for portfolio management and asset...

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

How to Charge for Fee-for-Service Financial Planning 💵

July 07, 2022 By: Bill Winterberg, CFP®

The financial services industry is constantly evolving, and one of the evolutions underway right now is the rapid growth of the fee-for-service financial planning business model. For more than 80 years, financial professionals have been charging clients...

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

Webinar Recap: Highlights From our Enterprise Roundtable 📢

June 22, 2022 By: AdvicePay

Powered by innovative technologies, the financial planning business model is rapidly evolving into a sustainable fee-based revenue stream. 

The financial services enterprise companies that have already empowered their advisors to implement the latest...

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

Services You Can Provide Under the Fee-for-Service Model

June 09, 2022 By: Bill Winterberg, CFP®

As your firm introduces fee-for-service financial planning to your clients, you may be considering a variety of services to offer that align with your areas of expertise as well as the interests of clients. This overlap is known as the product-market...

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

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

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

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 monthly...

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Topics: Compliance, Retainer Model

Advisor Practice Management: How to Scale

August 14, 2018 By: Alan Moore, MS, CFP®

Tapping into a new generation of financial advisor client is an ideal way to scale your business. The retainer model, whereby you bill a monthly fee for investor advisory services, answers the call from a younger set of clientele for financial planning...

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Topics: Retainer Model