AdvicePay is excited to be growing as a company and active in the financial planning community. We're constantly working to improve access to our system and increase efficiency for financial advisors serving fee-for-service clients.
Here are some recent press mentions.
PRESS RELEASE
AdvicePay Now Integrated with TD Ameritrade Institutional’s Veo One Platform with Single Sign On Capability
ADVISORS WORKING WITH TD AMERITRADE INSTITUTIONAL CAN NOW STREAMLINE AND AUTOMATE THEIR ADVICE BILLING PROCESSES IN ORDER TO GET PAID FASTER
BOZEMAN, MONTANA | NOVEMBER 01, 2018
AdvicePay, a leading payment-processing platform designed exclusively for financial advisors, announced today a new technology integration with TD Ameritrade Institutional’s Veo One workstation. Through this tight integration, the over 6,000 advisors working with TD Ameritrade Institutional will be able to access AdvicePay via a single sign on within the TD Ameritrade Institutional portal, saving advisors valuable time, creating efficiencies and speeding up the revenue collection process so that they get paid faster.
“As the fee for service movement gains momentum, more and more advisors are working with clients by directly charging for advice outside of an asset management fee,” said AdvicePay Co-Founder and CEO Alan Moore. “However, current billing systems are not flexible enough to avoid compliance issues around custody – until now with AdvicePay.”
AdvicePay is an innovative payment processing system advisory firms can leverage to expand their business models to include minimum advice fees, ongoing retainer fees, and standalone planning fees – all innovative ways to work with clients and then bill them directly through technology, avoiding paper checks, invoices and manual processes. This new technology solution enables advisors to more profitably serve their existing clients as well as open up new markets of clients who simply want to pay for financial planning advice directly from a checking account or credit card.
The new integration with TD Ameritrade Institutional's Veo One workstation allows advisors to process their advice-based billings directly within Veo One providing valuable time savings, creating efficiencies, while enhancing the service they provide to clients.
“We are excited to be a key provider with leading custodians such as TD Ameritrade Institutional to simplify and expedite the payment processing for financial planning firms through our new technology solution,” Moore said. “TD Ameritrade Institutional is known as being on the fore-front in helping advisors achieve operational efficiencies through their award-winning integration approach and we look forward to continuing to invest in joint solutions.”
About AdvicePay
Established by well-known, experienced advisors Michael Kitces and Alan Moore, AdvicePay is a leading payment processing platform for financial advisors designed to help advisors bill their hourly, retainer, subscription, and other financial planning and advice fees while complying with custody regulations, keeping client data secure, and providing efficient ways to manage fee-for-service billing. Users can accept ACH and credit cards, bill one-time payments, and establish recurrent retainer or subscription billing compliantly – all through the AdvicePay system.
PRESS RELEASE
ADVICEPAY ANNOUNCES ORION INTEGRATION
FINANCIAL ADVISORS NOW HAVE EASY ADVICEPAY ACCESS VIA ORION TO FACILITATE MORE CENTRALIZED BILLING OF PLANNING FEES
AdvicePay is excited to announce a new billing integration with Orion Advisor Services, LLC (Orion), a leading portfolio accounting provider for registered investment advisors. With this integration, financial advisors using the Orion platform to bill their AUM fees will have one-click access to the AdvicePay advisor portal to bill their non-AUM financial planning and retainer fees as well.
“With the ongoing commoditization of asset allocation, more and more advisory firms are shifting to hybrid business models that combine AUM and financial planning fees… but have never had an efficient system to bill standalone planning fees,” said AdvicePay Co-Founder and industry leader Michael Kitces. “With AdvicePay, advisory firms can efficiently expand their business models to include minimum advice fees, ongoing retainer fees, and standalone planning fees… whether to more profitably serve their existing clients or open up new markets of clients who simply want to pay for financial planning advice directly from a checking account or credit card.”
“We are excited to offer financial planning firms this time- and hassle-saving convenience for financial planning fee billing, made possible by our partnership with Orion. We know that financial advisors use many portals and platforms to do their job. Providing a tool that is compliant, data secure, and efficient is what we are about,” says Alan Moore, CEO and Co-Founder of AdvicePay.
“This integration combines AdvicePay’s billing features with the data-rich, open architecture of the Orion ecosystem,” said Orion CEO Eric Clarke. “Our partnership with AdvicePay expands options available to advisors seeking custom-tailored tech stacks suited to their unique value proposition and business model. ”
Established in 2017, AdvicePay is a payment processing platform for financial advisors designed to help users bill their hourly, retainer, subscription, and other financial planning and advice fees while complying with custody regulations, keeping client data secure, and providing efficient ways to manage fee-for-service billing. Users can accept ACH and credit cards, bill one-time payments, and establish recurrent retainer or subscription billing compliantly – all through the AdvicePay system.
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About Orion
Orion Advisor Services, LLC is the premier portfolio accounting service provider for advisors. Our firm has unique insights into the advisory profession because it was founded for investment advisors by an investment advisor in 1999. Orion frees advisors from back-office tedium so they can enjoy their business again by devoting their time and energy to better serving clients. Orion provides the integrated and fully customizable technology solutions that advisors need to help grow their businesses over the long term. The firm's technology solutions empower more than $700 billion in AUA and over 2 million accounts. For more, please visit www.orionadvisor.com or follow our news and insights via our blog.
