AdvicePay is the only billing and payment solution designed for financial planners and their unique business needs. Explore the features created to serve you and your clients.
Finally, It’s Easy to Get Paid for Your Advice
AdvicePay was created to address the specific billing and payment needs of financial advisors offering fee-for-service advice as part of their practice.
Unlike other options — Pay Simple, PayPal, Quickbooks, and others — you can invoice and receive payment from your clients knowing that you’re avoiding custody.
Accept Multiple Payment Options
AdvicePay makes getting paid for your financial advice easy and convenient — for you, and for your clients.
For easier payments, clients can pay one-time or subscription invoices without creating an AdvicePay account or logging in to their existing account!
AdvicePay processes payments through the following:
- Debit Card
- Credit Card (MasterCard, Visa, American Express, Discover)
- Brokerage Accounts (when debits are enabled on the brokerage account)
You Control How You Get Paid
Prefer for clients to only pay by ACH, or do you want to accept credit cards exclusively? Determine which forms of payment you want to accept and customize your payment type settings in AdvicePay.
Escalate Fees Automatically
Effortlessly increase your client’s subscription fee each year by adding an automatic fee escalation! A scheduled escalation can be added to new subscriptions as well as ongoing subscriptions, and will increase the client’s payment each year as long as the subscription remains active.
Client Control Helps You Avoid Custody
As an advisor AdvicePay user, you never enter, alter, or control access to your client’s financial accounts. Using the easy-access Client Portal, your clients enter their own financial information, approve payments, and make any account changes throughout the course of your agreement. The AdvicePay system also keeps track of all changes made so that, in the event of an audit, you’re prepared to demonstrate your compliance.
Handle Client Agreements and Payment Agreements at the Same Time
AdvicePay’s eSignature feature enables you to send client and payment agreements in one workflow, simplifying the steps needed to onboard a new client. More on eSignature >
Choose the Billing Frequency That Works for You
Minimize the time you spend on (important but time-consuming) billing for your practice and spend more time with your clients when you use AdvicePay.
Invoice options include:
- One-time payments and start up fees
- Recurring or subscription payments on a monthly, quarterly, or semi-annually.
Learn more about Billing Options, including invoice customization.