AdvicePay Receives SOC 2 Type II Attestation

by Lindsay Culbreath / January 11th, 2023

Independent Audit Verifies AdvicePay‚Äôs Internal Controls and Processes 

Bozeman, MT ‚Äď AdvicePay, the leading fee-payment-processing platform designed exclusively for financial advisors, today announced that it has completed its SOC 2 Type II audit, performed by KirkpatrickPrice. This attestation provides evidence that AdvicePay has a strong commitment to security and to delivering high-quality services to its clients by demonstrating that they have the necessary internal controls and processes in place. 

A SOC 2 audit provides an independent, third-party validation that a service organization‚Äôs information security practices meet industry standards stipulated by the AICPA. During the audit, a service organization‚Äôs non-financial reporting controls as they relate to security, availability, processing integrity, confidentiality, and privacy of a system are tested. The SOC 2 report delivered by KirkpatrickPrice verifies the suitability of the design and operating effectiveness of AdvicePay‚Äôs controls to meet the standards for these criteria. 

‚ÄúAdvicePay is pleased to have successfully completed the SOC 2 Type II examination and audit. We take security very seriously, and it is imperative that the financial professionals who use our product can trust us to operate at the highest standards of security and compliance,‚ÄĚ said Mary Moore, Chief Operating Officer at AdvicePay. ‚ÄúHitting this milestone for the third year in a row provides validation and reinforces our ongoing commitment to protecting our customer‚Äôs data and continually meeting the most stringent security standards in the industry.‚ÄĚ 

‚ÄúThe SOC 2 audit is based on the Trust Services Criteria,‚ÄĚ said Joseph Kirkpatrick, President of KirkpatrickPrice. ‚ÄúAdvicePay delivers trust-based services to their clients, and by communicating the results of this audit, their clients can be assured of their reliance on AdvicePay‚Äôs controls.‚ÄĚ 

About AdvicePay:

Established by well-known financial advisors Michael Kitces and Alan Moore, AdvicePay is the only billing and payment processing platform created specifically for fee-for-service financial planning. Financial advisors benefit from efficient invoicing and payment workflows designed exclusively to support their businesses, including up-to-date compliance and data security management. Users can issue agreements for client e-signature, accept ACH and credit cards, bill hourly or one-time fees, or establish recurring retainer or subscription billing compliantly ‚Äď all through the AdvicePay system. To learn more about the AdvicePay platform, visit 

About KirkpatrickPrice:

KirkpatrickPrice is a licensed CPA firm, PCI QSA, and a HITRUST CSF Assessor, registered with the PCAOB, providing assurance services to over a thousand clients in North America, South America, Asia, Europe, and Australia. The firm has more than a decade of experience in information security by performing assessments, audits, and tests that strengthen information security practices and internal controls. KirkpatrickPrice most commonly performs assessments on SOC 1, SOC 2, PCI DSS, HIPAA, HITRUST CSF, GDPR, ISO 27001, FISMA, and FERPA frameworks, as well as advanced-level penetration testing. For more information, visit, follow KirkpatrickPrice on LinkedIn, or subscribe to our YouTube channel.