AdvicePay Earns Third Consecutive Spot on Inc. Magazine’s ‘List of 5000 Fastest-Growing Private Companies’

BOZEMAN, MT. AUGUST 22, 2024

AdvicePay, the industry-leading platform for processing payments and overseeing compliance of fee-for-service financial planning, announced today that it has earned a spot on Inc. Magazine’s ‘List of the 5000 Fastest-Growing Private Companies’ for the third year in a row. With an impressive 322% revenue growth over the past three years, AdvicePay continues to demonstrate its market leadership, fueled by the industry’s growing adoption of fee-based models.

AdvicePay secured an overall rank of 1,610 on the Inc. 5000 list, along with the No. 3 position in Bozeman, No. 4 in Montana, and the 195th among the nation’s fastest-growing software companies.

“Being recognized as one of the fastest-growing private companies in the nation for three consecutive years is an incredible honor,” said AdvicePay founder and CEO Alan Moore. “At AdvicePay, we are on a mission to empower financial professionals to add new revenue streams and diversify their practices through fee-for-service planning. We are thrilled that many of the industry’s largest RIAs and broker-dealers have responded to our message and that there is a strong appetite for tools to streamline the process of fee-for-service financial planning.”

Founded by respected financial planning experts Michael Kitces and Alan Moore, AdvicePay has grown to become the industry-leading solution to empower advisors to get paid for advice – this includes all aspects related to fee-for-service financial planning, including billing, compliance, oversight, agreements and more. The company’s robust solution has gained widespread adoption, with 19 of the 25 largest brokerage firms offering fee-for-service financial planning through AdvicePay.

In November, AdvicePay announced that it had completed its one-millionth transaction since its launch in 2018. Over the past two years, AdvicePay has experienced a 102% increase in advisors added to the platform and a 193% growth in transaction volume.

Companies on the 2024 Inc. 5000 are ranked according to percentage revenue growth from 2020 through 2023. To qualify, companies must have been founded and generating revenue by March 31, 2020. They must be U.S.-based, privately held, for-profit and independent—not subsidiaries or divisions of other companies—as of Dec. 31, 2023. The minimum revenue required for 2020 is $100,000. The minimum for 2023 is $2 million.

About AdvicePay
Established by well-known financial advisors Michael Kitces and Alan Moore, AdvicePay is the industry-leading billing and payment workflow solution created specifically for fee-for-service financial planning. Financial services firms and their advisors benefit from efficient workflows designed exclusively to support their fee-for-service financial planning revenue, including up-to-date compliance and data security management, all in one unified platform.

Media Inquiries:
AdvicePay
Shannon Beck
406-412-2047
media@advicepay.com