As we say goodbye to the transformative landscape of 2023, a year distinguished by substantial growth for both you and us, we wanted to take a moment to reflect and share some of our most valuable resources.
In the past year, we proudly unveiled our inaugural Fee-for-Service Industry Trend Report (our Bozeman office is buzzing with excitement as we prepare to release Volume 2!). Beyond the pages of our report, our collective achievements reached new heights, processing over 1 million transactions and facilitating $500 million in financial planning fees through our platform. These accomplishments not only shine a spotlight on the success you’ve achieved with fee-for-service financial planning but also symbolize the broader industry shift towards fee-for-service financial planning as both a revenue growth opportunity and an effective means of reaching next-generation clients. In our ongoing commitment to empowering you with the latest insights, 2023 proved to be no exception. To keep you well-informed, inspired, and well-prepared for success in the new year, we’ve curated a selection of our top five blogs released throughout 2023 (plus a few extra gems at the end.)
As we embrace 2024, we're eager to continue powering your fee-for-service capabilities. In fact, a recent WealthManagement article acknowledged AdvicePay as a tech trend to watch in 2024, echoing the rise in financial planning and non-AUM fees. Michael Kitces, AdvicePay Co-Founder, encapsulates it perfectly– “In a similar manner to how the technology platform pioneered by Schwab Advisor Services enabled independent RIAs to be able to scalably bill AUM fees for the first time in the 1990s, catalyzing an entire shift in industry business models, AdvicePay is uniquely positioned to drive the next industry-wide business model shift to fee-for-service financial planning.”
Stay connected by following us on LinkedIn, Twitter, and Facebook for updates on new content, webinars, and feature releases in 2024.