2020 Innovator: Alan Moore

2020 Innovator: Alan Moore
XY Planning Network, CEO and Co-founder
FEB 22, 2021

Alan Moore, CEO of XY Planning Network, doesn’t waste any time.

In 2012, at age 25, he founded his own RIA, instituting fee-for-service for the young clientele he wished to serve. His practice model created such buzz and admiration among other young advisers that in 2014, he co-founded XY Planning Network with industry thought leader Michael Kitces to help advisers start practices to similarly serve the underserved mass market of Gen X and Gen Y clients. All Network members are fiduciaries and offer fee-for-service based on client income or cash flow. Now at 1,100 members, the organization took off so quickly that Mr. Moore sold his practice in 2015 to work for it full time.

“The industry was saying no to young advisers,” he said. “When they asked, ‘Can I work with Next-Gen clients? Can I work as a fiduciary? Can I start my own firm?’  We said yes."

Not resting on their laurels, in 2016 Mr. Moore and Mr. Kitces started AdvicePay, a billing platform that enables fee-for-service advisers to collect fees, via methods such as credit cards, without triggering compliance issues.

An enthusiastic and natural entrepreneur, Mr. Moore credits his 11 years of being home-schooled with having a great influence on his abilities.

“It encouraged self-reliance creative thinking and problem-solving,” he said. “The curriculum was very self-guided and the lack of artificial structure gave me the freedom to learn in the way I naturally wanted to learn. It allowed me to be experiential and gave me the tools I needed [for entrepreneurship].”

— Deborah Nason

Latest News

Merrill to pay $39 million in cash sweep settlement
Merrill to pay $39 million in cash sweep settlement

The financial advice industry has been facing inquiries into its cash sweep programs for years now.

SEC accuses fund advisor of defrauding SpaceX, OpenAI investors
SEC accuses fund advisor of defrauding SpaceX, OpenAI investors

Investor money allegedly went to strip clubs, exotic cars, and landscaping

RIA moves: Savant enters Thousand Oaks as Procyon lands in New Jersey
RIA moves: Savant enters Thousand Oaks as Procyon lands in New Jersey

Procyon adds $415 million in assets under management in New Jersey while Savant picks up a $213 million Southern California planning firm

Beyond sell or inherit: A third exit for appreciated property
Beyond sell or inherit: A third exit for appreciated property

With a growing number of real estate-rich Baby Boomers aging into retirement, some advisors may be failing to consider all the options available for those clients' assets.

AI marketing adoption gap costs financial firms revenue
AI marketing adoption gap costs financial firms revenue

Cornerstone Advisors study reveals compliance bottlenecks stall campaigns weeks after customer opportunities close.

SPONSORED In the Age of AI, Trust Becomes the Advisor's Greatest Asset

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

SPONSORED Direct indexing webinar targets tax-loss harvesting amid market swings

Northern Trust’s Ken Lassner shows advisors how to convert volatility into after-tax portfolio gains