Advisor Group, one of the nation’s largest networks of independent broker-dealers, has announced the launch of eQuipt for Financial Planning (FP), a financial planning system that makes it easier to bring clients of any wealth level onto the company’s platform.
The system includes a payment platform powered third-party payment processor Stripe. The system can accept a onetime fee or recurring fees. It also allows clients to pay the bill for financial planning and consulting services in multiple ways, including by credit card, debit card or check. The digital system allows clients to electronically sign service agreements. The system also offers integrated compliance tools, such as a consolidated check log, plan storage, contracting and disclosure delivery.
Matthew Schlueter, president, wealth management solutions, of the Phoenix-based Advisor Group, observed that as the world continues to change, so will the ways in which financial advice is delivered.
“As technology evolves, we are investing in wealth management tools and platforms to support the growth and success of our advisors,” he said in a press release.
Advisor Group made the announcement at its fourth annual Wealth Management Symposium in Las Vegas on May 29. The firm said this year’s symposium attracted over 900 participants, representing financial advisors, fee-based advisory investment strategists, technology experts, business coaches and home office leaders from Advisor Group.