AdvicePay Financial Advisor Community Blog

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...

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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...

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Topics: Retainer Model

Investment Advisor Best Practices for Recurring Fees Billing

August 07, 2018 By: Alan Moore, MS, CFP®

When it comes to financial planning business models, the monthly retainer is the equivalent of a style icon or musician ahead of their time. While charging recurring fees for investment advice responds creatively to the current needs of a younger...

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Topics: Compliance, Retainer Model

Investment Advisor Compliance When Charging for Recurring Fees

July 31, 2018 By: Alan Moore, MS, CFP®

In your role as an investment advisor, remaining compliant is more than likely at the top of your to-do list. It’s important  to conduct business in a manner that stays in line with best practices and adheres to the stipulations of industry...

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Topics: Compliance, Retainer Model

Financial Advisor Marketing - Best targets for retainer fees

July 24, 2018 By: Alan Moore, MS, CFP®

If you’ve decided to make the switch from a commission-based model to a retainer fees model in your financial advisory business, congratulate yourself. You are clearly up-to-date with the latest trends in your industry and have the gumption to explore...

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Topics: Retainer Model, Marketing

Calculating Financial Planner Fees for Retainer Services

July 17, 2018 By: Alan Moore, MS, CFP®

As the retainer model for financial planning services is still a relatively new player in the market, it can be challenging to know how to set your fees in a manner that is both reasonable and profitable. You want to ensure that you add serious value...

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Topics: Retainer Model

How to justify the advisor retainer model to clients

July 10, 2018 By: Alan Moore, MS, CFP®

Writing a financial planning business model that adheres to the trends of a changing market can be a daunting task, primarily because the industry is in the midst of a paradigm shift. In the Assets Under Management (AUM) model that previously...

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Topics: Retainer Model, Marketing

Financial Advisor Value Proposition for Retainers

July 03, 2018 By: Alan Moore, MS, CFP®

So, you’ve decided to scale your financial planning business in the direction of a younger market. You have understood the worth of including Gen X and Y’ers in your client scope. With this expansion comes the need to reconfigure your fee structure...

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Topics: Retainer Model

Fee-for-Service Financial Advisor Model

May 22, 2018 By: Alan Moore, MS, CFP®

The financial advisory industry is currently going through tremendous changes. Getting paid as an advisor used to be easy. Advisors simply either got paid a commission or charged an asset management fee.   

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Topics: Retainer Model, Marketing