Enterprise Solutions

AdvicePay For Enterprise

Enable your advisors to bring more fee-for-service financial planning into your organization's revenue mix with scalable and efficient workflows, up-to-date compliance tools & management, and intuitive portals for optimal home office, advisor, and client experiences.

Support Fee-For-Service Financial Planning Revenue Models For Your Advisors To Reach Next Generation Clients

Established financial services firms are facing significant demographic challenges with an aging client base but have struggled to serve smaller AUM clients profitably. A move towards innovative new financial planning fee-for-service business models allows forward-thinking enterprises to extend their reach beyond traditional AUM clients and sustainably and profitably serve younger clientele with recurring financial planning fees.

Get a Quick Overview of the Platform

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Oversee Fee-For-Service Financial Planning as an Enterprise...Profitably

Operationalizing and scaling a large volume of recurring financial planning fees is impossible when every client writes a check. And it can be even more challenging to oversee advisors charging such fees to ensure they’re actually providing the appropriate financial planning deliverables. Existing commission and AUM revenue management systems simply aren’t capable of handling the significant shifts, from fee billing to collections, compliance oversight of deliverables to payment processing. That's where AdvicePay comes in:

Easy Payment Processing

No more handling and overnighting paper checks! Enable clients to pay by ACH or credit card for simpler payment processing, faster revenue cycles, reduced postage costs, and reduced payment failures.

Branded Client Experience

Provide an intuitive client experience with a white label portal, powered by AdvicePay.

Deliverables

With AdvicePay, all fee-for-service financial planning is tracked in one place. Ensure nothing slips through the cracks or gets lost in transit by easily tracking open, past-due, and completed financial planning deliverables. Avoid fee-for-no-service compliance risks by validating the quality of service that was delivered.

Simple and Customizable

Streamline the fee-for-service process for Home Office, Advisors, and your compliance team while maintaining customizable controls.

Easy Payment Processing

No more handling and overnighting paper checks! Enable clients to pay by ACH or credit card for simpler payment processing, faster revenue cycles, reduced postage costs, and reduced payment failures.

Branded Client Experience

Provide an intuitive client experience with a white label portal, powered by AdvicePay.

Deliverables

With AdvicePay, all fee-for-service financial planning is tracked in one place. Ensure nothing slips through the cracks or gets lost in transit by easily tracking open, past-due, and completed financial planning deliverables. Avoid fee-for-no-service compliance risks by validating the quality of service that was delivered.

Simple and Customizable

Streamline the fee-for-service process for Home Office, Advisors, and your compliance team while maintaining customizable controls.

Ready to see how it works?

Have a question? Talk with an expert!

Manage Your Firm

Whether setting firm-wide financial planning fees, customizing invoices for individual engagements, accounting for what's been billed and paid, or managing a team of advisors offering fee-for-service financial planning, AdvicePay Enterprise is ready to provide your organization with intuitive, customizable support.

Maintain full visibility and access to billing, while retaining control through flexible internal permissions and approvals.

Managing compliance is a chief concern for every firm. That is why AdvicePay was built from the ground up with compliance in mind. AdvicePay is the only billing and payment solution designed exclusively to serve the financial advisory industry. That means we’re built to comply with the myriad of industry regulations, and when state, SEC, or FINRA regulations change, our platform adjusts. Ensuring that processes and procedures remain current with ever-changing state and Federal rulings and regulator preferences is an important job.

We will show you how to do fee-for-service compliantly and give you all the compliance tools necessary to verify financial planning deliverables. With AdvicePay Deliverables, you can scalably review deliverables in real-time, and throw out that spreadsheet for good! Avoid the risk of regulatory fines, and provide validation to regulators that the plan was delivered for the fees that were charged.

AdvicePay supports the work of Compliance Officers and Compliance Managers by enforcing workflows for their Representatives designed to meet regulatory guidelines and providing tools for oversight. You will feel confident that things are not falling through the cracks -- be able to easily review every plan, not just a sampling of them.

AdvicePay equips organizations to report on all activities when an audit is requested. Clients input their own payment information, avoiding the representative or firm having custody-triggering access. In addition, clients must approve all invoice payments and subscriptions, which restricts an advisor's ability to bill clients without their permission. You'll never have to worry about your representatives handling paper checks again!

SOC 2 Type II Audited badge

AdvicePay maintains a proactive approach to protecting the account and financial information of firms, advisors, and clients. From the cloud-based services we utilize, to our testing and maintenance approach, we're committed to providing a platform that leverages state-of-the-art security measures.

AdvicePay has completed the SOC II Type 2 examination and audit. A SOC 2 audit provides an independent, third-party validation that a service organization’s information security practices meet industry standards stipulated by the AICPA. This Attestation of Compliance is widely known as the industry benchmark for SaaS businesses and the most stringent examinations of an organization's security controls, policies, and procedures, and we are proud to exceed customer expectations when it comes to protecting their data.

Our payment processor Stripe is PCI DSS Level 1 Compliant, the highest level of compliance certification available to payment processors. All data at AdvicePay is encrypted and secured, to ensure your client information never falls into the wrong hands. We are happy to complete your firm's due diligence to provide your firm peace of mind.

We never store any payment information on the AdvicePay database. So, no one has to worry about their information being compromised.

Automate the Entire Lifecycle of Fee-for-Service Financial Planning — All in One Comprehensive System! 

The AdvicePay platform allows your home office professionals to oversee the entire engagement process of your advisors with their clients, from agreement to payment, to evidence of delivery of service. Track all fee-for-service agreements, deliverables and payments in one place with AdvicePay.

All of the core functions available within the AdvicePay platform — invoicing, document eSignatures, approvals, and deliverables — can be bundled together in fully customizable and automated sequences that make providing and overseeing fee-for-service financial planning both fast and compliant.

Our team of experienced technicians and relationship managers will work with you to customize your firm’s workflows and automate approval processes to increase efficiencies and manage oversight of this profitable business model.

AdvicePay is a compliance department’s dream solution. The platform ensures agreements are signed, invoices match agreements, invoices get paid, and all documents are archived.

This customizable platform helps you avoid regulatory fines and can efficiently provide validation to regulators that the service was delivered for the fees that were charged. Support fee-for-service and avoid fee-for-NO-service!

Want to learn more about designing and deploying your own custom processes & workflows in AdvicePay Enterprise?

Diversify Your Financial Planning Revenue
(And Client) Mix

Integrating innovative new fee-for-service models to diversify your revenue mix and breadth of clients is a key business development project for more and more financial services enterprises. Expand your financial planning revenue and the breadth of clients you serve with AdvicePay for Enterprise.

Increase market reach with next-generation clients

Serving next-generation clients is difficult for most firms, because limited account sizes means there simply isn’t much fee-based revenue opportunity. But the reality is that next-generation clients can be served profitably; it simply requires charging financial planning fees for the advice that is provided.

Extend your business beyond retirees when you integrate innovative new fee-for-service financial planning with efficient workflows to manage fee-only billing and payment for next-generation clients. Recruit and retain younger talent to your firm by opening up new ways to engage young clients with lasting financial planning relationships while they build wealth.

Facilitate More Financial Planning Fees and Enable Recurring Subscription Fees

Reduce your organizational dependency on commissions and AUM fees by expanding into one-time and recurring financial planning subscription fees. Learn more about how you can expand your client pool, add flexibility to your fee structure, and innovate in your service offerings with AdvicePay.

Gain operational and billing cycle efficiency

Streamline your firm’s workflows and consolidate all of your billing — ACH, Credit Cards, and checks — in one place.

Chasing paper checks can take 45+ business days from the time the client provides payment to the advisor being paid. AdvicePay reduces this processing time by more than 75%, and provides visibility of payment status to advisors and managers throughout the process. 

When clients pay via check, you can process the check payment directly through AdvicePay with our Online Check Deposit feature. No more overnighting paper checks! Learn more about our Online Check Deposit here

Streamline your workflows

Manage all of your client agreements, payments (and their status), and deliverables in one place.

AdvicePay's eSignature integrations, powered by DocuSign or HelloSign, allow you to upload your own documents, request signatures, and issue invoices - all in one workflow.

With AdvicePay Deliverables, easily track open, past due, and completed deliverables. Knowing exactly what is due and when it’s due will prevent unhappy clients and refunds.

Embed AdvicePay In Your Technology

AdvicePay offers enterprises a secure API so that you can achieve integration of your system and AdvicePay to create a seamless experience for home-office, advisors, and clients. Your developers can use our APIs to automatically create users in AdvicePay as they are added in your systems, as well as to dynamically pull invoices, agreements, and deliverables from AdvicePay so they can be saved within your chosen document storage solution.

Functional API

Automatically add advisors

Audit log

Send client agreements for signature with an invoice with eSignature

Easily process checks with Online Check Deposit

Pull transaction data into your compensation grid

Group your advisors the way you see fit

Efficiently track open, past due, and completed deliverables

Functional API

Automatically add advisors

Audit log

Send client agreements for signature with an invoice with eSignature

Easily process checks with Online Check Deposit

Pull transaction data into your compensation grid

Group your advisors the way you see fit

Efficiently track open, past due, and completed deliverables

Seamlessly Integrate AdvicePay with the Tools You Already Use

Charles Schwab
Redtail Logo
DocuSign
Veo One
Hello Sign
Orion Advisor Tech
salesforce-logo
Precise FP

The AdvicePay Experience

AdvicePay interface on different devices

Home Office Experience

Home Office Portal

Dedicated Relationship Manager*

Custom Training & Webinars*

Multiple Advisor Management

Invoice Approvals (optional)

Customizable workflows to automate the entire lifecycle of fee-for-service financial planning engagement

*Contingent on enterprise plus contract

Advisor Experience

Customizable Billing Options

Advisor Portal

Personalized Customer Support

Access to Industry Integrations

eSignature

Online Check Deposit

Advisor Knowledge Base

Compliant Workflows to Avoid Custody

Client Experience

Customizable Client Portal

Client Communication Emails Sent from AdvicePay

Personalized Emails and Invoices

Customer Support Team

Client Knowledge Base

Onboard With AdvicePay in 90 Days or Less

We Will Support You Every Step of The Way

Step 1

Kick-Off

Who to involve: Project Leadership
Duration: 15-30 minutes

Step 2

Enterprise Settings & Technical Status Call

Who to involve: Project Leadership, Account Owner, Admin Users, Development/Technical Teams (as needed)
Duration: 60 minutes

Step 3

Home Office Training

Who to involve: Leadership, Account Owner/Admins, Commissions Team, Advisor Support Team
Duration: 45-60 minutes

Step 4

Pilot Phase

Who to involve: Pilot Advisors, Leadership, Account Owners/Admins
Duration: 4 weeks

Step 5

All Advisor Webinar & Official Launch

Who to involve: All Advisors, Leadership, Account Owners/Admins
Duration: 45-60 minutes

Step 6

Grow with AdvicePay

Once you have launched, we will provide ongoing support and check-ins as you grow with AdvicePay.
Duration: Continuous

Learn how other firms are growing with AdvicePay.

Learn how other firms have utilized AdvicePay to add flexibility to their fee structure and expand their client pool.

"Over the course of the last year and a half since working with AdvicePay, we have really seen a significant change in our financial planning revenues at the firm. We are projecting about a 40% increase in direct financial planning revenue largely due to the streamlined billing process and flexible payment options that AdvicePay provides."

Jamie Kulik, CFP®, Vice President, Financial Planning, LPL Financial

You're In Good Company

Enterprise Resources

Curious to learn more about AdvicePay? Check out these resources designed to help you scale the fee-for-service aspect of your business.

Are you ready to grow with AdvicePay?

Designed to provide firms with the management structure, controlled visibility and settings needed to oversee multiple advisors and their clients, AdvicePay for Enterprise makes it possible.