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Funded to the teeth by RIAs, Michael Kitces and Alan Moore now have a second big play--modernizing plan payments--and broker-dealers are beating down the door

AdvicePay replaces paper checks and 60-day waits with ACH and credit card transactions for financial plans -- a concept validated by hundreds of their own XYPN advisors signing up

Author Brooke Southall January 25, 2019 at 4:01 AM
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Alan Moore and Michael Kitces are building a better mouse trap and customers are beating a path to their door

Alan

Alan

February 18, 2019 — 3:21 PM
I find enormous value in the services my CFP/RIA provides. That said, the thought that someone considers it reasonable to even suggest charging me based on my net worth or income scares the crap out of me. A 2%/20% is a better value proposition , as bad as that is. If a percent of AUM is not working for the advisor they may need to do what everyone else does without sufficient income: get a second job until a single full-time job can provide an adequate living. We all need to be careful of overestimating our own importance or the value we provide to our employer or customers. A happy client but disturbed observer.

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

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:

Kitces.com
Consulting Firm
Top Executive: Michael Kitces



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