Enhancements to Financial Planning
Looking for opportunities to expand your practice? Recent enhancements to our Financial Planning program offer a new convenient solution for you and your clients.
Financial Planners provide a written financial plan to a client for a fee. Previously, the plan was updated and re-signed annually, with the plan fee being paid annually. However, as outlined in Field Notice 2022-27, new enhancements allow financial planning clients to elect to pay for services on a monthly payment plan, via credit card or ACH, through AdvicePay. (Note that monthly payments are not available for financial consulting services.)
Not only does this new option provide more flexibility for clients, it also streamlines the annual planning updates and diversifies your revenue stream.
Learn more about the new enhancements to Financial Planning, including updated requirements/process, AdvicePay process and cost, and operational details.
- Review Field Notice 2022-27, for a detailed explanation of the enhancements and changes to the process and requirements.
- Click here for a recorded introduction to the recent enhancements in the Financial Planning process including the business opportunity and operational updates.
- Click here for the updated Financial Planning Client Agreement.
- Please note that the ADV Part 2A has been updated.
- Coming Soon: Updated Financial Planning & Consulting Process brochure
Questions?
Questions regarding the annual update process or AdvicePay may be directed to Business Development. Operational questions may be directed to the Suitability Review Team. Call 800-344-7437 and follow the prompts to reach the desired party.
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