AdvicePay Enterprise User Blog

Does My Client Have to Approve Recurring Payments Each Time?

July 29, 2020 By: Honor Randall

Does my client have to approve their ongoing payment each time? Of all the questions we receive, this is one we hear most often. The simple answer is a resounding, “NO!”

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Topics: User Experience

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

July 24, 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: Retainer Model, Practice Management

Calculate Fees Quickly and Accurately with AdvicePay’s Fee Calculator

July 10, 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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3 Things Your Clients Should Know About AdvicePay

June 19, 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, User Experience

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

May 28, 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

Benefits of the AdvicePay Client Portal

May 20, 2020 By: Honor Randall

One unique feature of AdvicePay is that your clients don’t have to set up a client portal to make payments. While we offer this flexibility to make it simple for clients (and to accommodate those who just don’t want another set of log-in credentials),...

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Topics: User Experience

How Often Should I Bill My Clients?

May 13, 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: Retainer Model, Practice Management

New Enterprise Feature: "Offices"

May 01, 2020 By: Mary Moore

As your company grows, we know that it’s even more important to stay organized and to increase efficiency. That’s why we’ve spent the last few months working on Offices in AdvicePay. Offices allow you to group your advisors the way you see fit, all...

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Topics: Feature Releases

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 Position Fee-For-Service with Existing Clients

March 24, 2020 By: Honor Randall

AdvicePay co-founders, Alan Moore and Michael Kitces, opened up on all things AdvicePay earlier this year in their “Ask Me Anything” session. One popular question they answered was “How would you position the fee-for-service option with existing...

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Topics: Practice Management