Case Study: Osaic drives advisor growth and operational efficiency with AdvicePay

Osaic boosts fee processing 4X in 60 days with AdvicePay

Osaic, a financial services firm, faced the challenge of scaling its fee-for-service financial planning operations amidst industry consolidation and increasing client demand. Their existing manual processes, reliant on paper checks and one-off agreements, were inefficient and hindered advisor adoption. They partnered with AdvicePay to build a modern, scalable solution for delivering and charging for financial planning services.

AdvicePay provided the technology platform that enabled Osaic to standardize its financial planning offerings, consolidate agreements, and automate payments. This solution was supported by a centralized resource called PlanningHub for training and enablement. The results were significant, with fees processed increasing over 4x in 60 days for an initial user group and a 28% reduction in paper checks. The program also saw strong advisor adoption, empowering Osaic to improve recruiting and retention.

Osaic