AdvicePay Launches Financial Plan “Deliverables” For Enterprise Compliance Oversight
Summary
“Having anticipated this reaction, we have been hard at work to release AdvicePay’s Deliverables as a best practices approach to help large enterprises manage this review process, by extending our industry-leading payment processing technology to provide a systematic and automated system for enterprises to scale their fee-for-service financial planning in a compliant manner.” Deliverables makes the financial plan review process more efficient by creating a centralized hub and one place to submit all fee-for-service business. By providing the key validation to regulators that the financial plan was delivered for the fees that were charged, Deliverables enables enterprise firms to avoid regulatory fines and negative headlines for “fee-for-no-service” claims. “The wealth management industry is always evolving, with business and regulatory requirements changing constantly, so our nimble, agile, and flexible technology foundation is once again proving its strategic importance with the release of Deliverables. We look forward to working with our enterprise clients to further tailor and customize the platform so they can continue to grow, compete and succeed in an ever-increasingly complex and competitive industry.” About AdvicePay Established by well-known financial advisors Michael Kitces and Alan Moore, AdvicePay is the only billing and payment processing platform created specifically for fee-for-service financial planning. Financial advisors benefit from efficient invoicing and payment workflows designed exclusively to support their businesses, including up-to-date compliance and data security management.