AdvicePay Receives SOC 2 Type II Attestation

by Hannah Grace Holladay / January 10th, 2022

Independent Audit Verifies AdvicePay’s 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’s information security practices meet industry standards stipulated by the AICPA. During the audit,
a service organization’s 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’s controls to meet the standards for these criteria.

“We are proud to have completed the SOC 2 Type II examination and audit for the second time. Tens of thousands of clients place their trust in our system to deliver best-in-class solutions and
safeguards to protect and secure their data,‚ÄĚ said Alan Moore, CEO & Co-Founder of AdvicePay. ‚ÄúThe successful completion of the SOC 2 Type II examination and audit further proves our commitment to providing the most stringent safety measures to deliver enterprise-grade solutions.‚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