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After PayPal demurs, Michael Kitces and Alan Moore launch online payments firm for RIAs

Advisors and two Missoula, Mont. angels will fund AdvicePay for increased staffing to sell and service software so that advisors can do billable hours without triggering a custody audit

Author Brooke Southall January 25, 2018 at 7:41 PM
no description available
MIchael Kitces: Do the math.

Jeff Spears

Jeff Spears

January 25, 2018 — 8:54 PM
Another significant benefit of this service is it will reduce the days receivable from invoiced accounts significantly. RIAs aren't staffed with bill collectors..
Brian Murphy

Brian Murphy

January 26, 2018 — 2:14 AM
Surprisingly, a much needed service for the community.
Michael Moore

Michael Moore

January 26, 2018 — 3:28 PM
hmmm, wonder what PayPal knows that Kitces and Alan don't....also, all this talk about fee's on vehicles and then $600 + 1.5% of assets just to collect payment doesn't sit well at all. Will have to think about this.
Tony

Tony

January 26, 2018 — 10:48 PM
I would have to agree with what Michael Moore said on this one.

Related Moves

Alan Moore is the No. 2 busiest man in the RIA business and he just convinced the No. 1 busiest man to budget $200,000 to hire a 'rockstar' to replace him

Alan Moore is CEO of both XY Planning Network and AdvicePay -- and he has three young kids; Michael Kitces agreed to let him hire a full-time replacement CEO for AdvicePay -- with some giant reqirements for the new exec.

February 14, 2023 at 3:15 AM

Alan Moore can't catch a break; AdvicePay CEO exits after seven months, adding job he hoped to escape back on top of XYPN role; search on for new AdvicePay president

The job will be step below CEO, and new hire must have affinity for both touchy-feely culture and aggressive growth in Montana's wide open expanses

March 9, 2024 at 2:58 AM

Five RIA Doubletakes: An RIA-only law firm breaks away • Kitces launches picker of 'best of breed' RIA software bundles • Vanguard targets 2070 just as media targets TDFs • SEC fishing for RegBI Scofflaws, including RIAs • CFP appoints first African-American chair

RIA Lawyers will reject RIA custodians• Kitces Nascar montage is now interactive and helpful • Vanguard's super long TDF draws critics• SEC supply lines are stretched with new battle front • Kamila Elliot is ex-DFA, diverse and calling CFP shots

January 12, 2022 at 3:13 AM

March 12, 2020 at 1:45 PM


Mentioned in this article:

FPPad.com
Consulting Firm
Top Executive: Bill Winterberg

Kitces.com
Consulting Firm
Top Executive: Michael Kitces



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