Fee-for-service payments platform now integrated directly into industry-leading financial planning software system
Bozeman, MT, July 10, 2020 AdvicePay, the leading fee-payment-processing platform designed exclusively for financial advisors, announced today a technology integration with the industry’s most widely used financial planning software provider, Envestnet | MoneyGuide. Through an innovative single-sign-on integration, advisors using MoneyGuide will be able to access AdvicePay directly to initiate the billing process for financial planning work they have completed, are in process with, or are just beginning the client relationship.
“As part of our commitment to making advisors’ lives easier and more profitable, we are continuing to expand our technology integrations and partnerships with industry-leading technology platforms,” said Alan Moore, AdvicePay co-founder and CEO. “This recent integration with MoneyGuide will provide needed efficiencies and time savings for advisors, enabling them to speed up the revenue collection process while engaged with the client in a financial planning relationship.”
MoneyGuide is the industry’s leading financial planning software platform, providing fast, easy and scalable solutions through its innovative configurations, including MoneyGuideOne, MoneyGuidePro®, MoneyGuideElite and MyBlocks. As the industry continues to move towards alternative fee arrangements outside or alongside AUM billing methods, AdvicePay provides a customized, compliant payments platform to enable fee-for-service billing arrangements such as subscription models, retainers, and one-time fees. Through this single-sign-on integration, advisors will be able to directly implement billing through AdvicePay while working in MoneyGuide, saving advisors valuable time.
“We are delighted to expand our integration efforts to include an industry leader like AdvicePay” said Joe Miller, Envestnet | MoneyGuide COO. “As firms and advisors continue to build out fee for planning services, charging for the valuable advice that’s naturally part of the holistic planning process, the AdvicePay integration is another step in making the billing process more seamless for clients and advisors.”
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. Users can issue agreements for client e-signature, accept ACH and credit cards,
bill hourly or one-time fees, or establish recurring retainer or subscription billing compliantly – all
through the AdvicePay system.
Envestnet, Inc. (NYSE: ENV) is transforming the way financial advice and wellness are delivered. Our mission is to empower advisors and financial service providers with innovative technology, solutions, and intelligence to make financial wellness a reality for everyone. Over 103,000 advisors across more than 4,900 companies including 16 of the 20 largest U.S. banks, 46 of the 50 largest wealth management and brokerage firms, over 500 of the largest RIAs, and hundreds of FinTech companies, leverage the Envestnet platform to grow their businesses and client relationships.
For more information on Envestnet | MoneyGuide, please visit www.moneyguidepro.com and follow us on Twitter at @ENVMoneyGuide.