Issue link: https://resources.envestnet.com/i/1528389
Leveraging fee-for-planning billing technology As advisor pricing structures become more complicated, having an easy-to-use and scalable billing solution is critical. Envestnet offers both AUM and subscription fee billing solutions via BillFin and Payments. AUM billing capabilities Our platform supports a variety of pricing structures—including flat, tiered, and banded AUM fees. BillFin also allows you to set firm-level, household-level, and account-level asset class, or individual security exclusions, giving you complete control over how, what, and when your clients are billed. Accurate and easy-to-understand invoices are the key to getting paid correctly and can help meet state-registered firm requirements. BillFin allows you to customize your invoices to match your branding yet clearly indicate what's being charged, limiting confusion. Collecting fees is simplified through built-in exporting functionality. In just a few clicks, BillFin can create a file ready to upload to your custodian or can even send directly to Schwab, for example. Finally, splitting fees between your fellow advisors, banks, solicitors, consultants, etc. is automatically calculated as part of the billing process. BillFin's report is generated as a firm summary or for the individual payee. Unlike competing solutions or services that require weeks of preparation and implementation, self-service onboarding built into BillFin allows you to easily import households, accounts, fee billing rules, and fee schedules. You can be up and running in less than a day. One-time and recurring fee capabilities For advisors billing beyond AUM, Envestnet Payments creates and distributes invoices, and securely processes credit card and ACH payments. The advisor dashboard provides insight into your book of business, including collected fees, upcoming fees, and more. To help satisfy compliance requirements, you avoid custody concerns since the client enters their own payment information and the advisor does not have access to that information. Plus, its integration with MoneyGuide enables advisors to seamlessly launch from a financial plan to billing. As advisors embrace various fee models, its critical to have billing technology that can meet each client's needs. See how Envestnet can help you with your billing technology by requesting a demo or starting a free trial of BillFin or Payments at https://www.envestnet.com/schedule-demo. 7 © 2024 ENVESTNET, INC. FOR HOME OFFICE AND ADVISOR USE ONLY. NOT FOR DISTRIBUTION TO THE PUBLIC.