AdvicePay, an industry-leading platform for processing payments and managing compliance in fee-for-service financial planning, has announced a collaboration aimed at simplifying the payment process for advisors.
The fintech firm has partnered with eMoney Advisor, a top provider of technological solutions facilitating financial conversations, to enhance operational efficiencies for advisors using both services.
“As the industry shifts toward a model where financial planning becomes the primary service offering, integrating fee billing capabilities directly into financial planning software is a logical step,” said financial planning thought leader Michael Kitces, who’s also a co-founder of AdvicePay.
Under the partnership, the two financial technology companies are integrating their platforms, allowing users to directly transfer AdvicePay-generated documents into their clients’ eMoney vault.
The result is a streamlined workflow that eliminates friction from repetitive tasks, such as logging into multiple platforms or creating separate client profiles for each service.
Highlighting the “opportunity to join another leader in this space,” Kitces said the partnership will help advisors capitalize on consumers’ demand to pay for advice on a one-time or ongoing subscription basis.
The collaboration – designed to benefit both new and longstanding eMoney advisors – was also spurred by direct feedback from AdvicePay clients seeking a seamless connection between the payment and planning platforms.
“We look forward to helping advisors simplify and streamline their workflow so they can more easily get paid fees for their value and spend their time doing what matters most: working with their clients to plan for the future,” said Ricky Illigasch, vice president for product management at eMoney.
Nevis joins Jump at RIA platform Focus as both vendors’ AI tools aim to handle account opening and notetaking.
Ballast Rock Private Wealth has also brough on a veteran advisor focused on multigenerational planning for business owners and families
Edward Jones study finds caregivers to older adults spend $8,737 a year out of pocket in "generosity paradox" as savings, careers and health absorb the strain
The dispute apparently dates back to deals done ago during the time two advisors worked at Deutsche Bank Securities, or Alex. Brown.
The Pennsylvania-based recordkeeper is 'playing Switzerland' as data on 16 million savers will help plan advisors reach 401(k) participants at rollovers and retirement
Knighthead Life entered the market with a competitive MYGA. A strong launch earned advisor confidence and paved the way for FIAs.
As AI makes financial information more accessible than ever, Lana Hock explains why human judgment, trust, and empathy remain the qualities clients value most in a financial advisor
