PHOENIX, June 3, 2019 – Advisor Group, one of the nation’s largest networks of independent wealth management firms, comprising FSC Securities Corporation, Royal Alliance Associates, SagePoint Financial and Woodbury Financial, completed its 4th annual Wealth Management Symposium in Las Vegas, Nevada. Held from May 29 through May 31, the Wealth Management Symposium (WMS) has become one of the industry’s leading conferences for aligning education, networking and best practices-sharing in one consolidated event to position independent financial advisors for success across every facet of holistic wealth management.
At the event, Advisor Group announced the launch of its new eQuipt for Financial Planning (“eQuipt FP”) system, which is designed to maximize access to comprehensive financial planning services as well as consulting solutions for retail investors across the net worth and demographic spectrum.
eQuipt FP Drives Multiple New Client Growth Opportunities for Advisors
The multiple payment options and digitally enabled new client onboarding functionality offered under this new system are expected to drive significant business growth opportunities for the company’s financial advisors. Leveraging eQuipt FP, financial advisors can work with a wider range of clients to provide financial planning support for significant life inflection points, either within the context of a broader client relationship, or on a project-specific basis. Examples of this include support for estate planning, divorce planning and debt management.
Additionally, eQuipt for FP is expected to make advisors’ services more accessible to newer millennial investors, while the tight integration of a broad range of financial planning and consulting tools is anticipated to broadly appeal to high-net worth investors with more sophisticated planning or consulting needs.
eQuipt FP delivers the following key features:
A payment platform powered by Stripe, a leading third-party payment processor, that can accept one-time or recurring fees and allows clients to pay for financial planning and consulting services in multiple ways, including via credit card, debit card or check
A streamlined contracting system that enables advisors to contract for financial planning and/or consulting services on a digital basis, and allows clients to electronically sign such service agreements
Integrated compliance tools, such as consolidated check log, plan storage, contracting and disclosure delivery
With these key features, eQuipt FP empowers financial advisors to offer flexible financial planning solutions or consulting services as part of a traditional, ongoing relationship, or deliver such solutions “a la carte,” on either a one-time or periodically recurring basis.
Matthew Schlueter, Advisor Group’s President, Wealth Management Solutions, said, “The world is changing, and the ways in which financial advice is delivered are constantly improving. As technology evolves, we are investing in wealth management tools and platforms to support the growth and success of our advisors. In rolling out eQuipt for Financial Planning, we re-examined the client life cycle, incorporating advisor feedback, and re-imagined the experience to dramatically improve the end-to-end process for both clients and advisors.”