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!”
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...
Topics: Retainer Model, Practice Management
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 makes...
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 help...
Topics: Practice Management, User Experience
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.
Topics: Practice Management
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), I...
Topics: User Experience
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...
Topics: Retainer Model, Practice Management
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 onOfficesin AdvicePay. Offices allow you to group your advisors the way you see fit, all while...
Topics: Feature Releases
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 your...
Topics: Practice Management
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 clients,...
Topics: Practice Management