In the evolving landscape of financial advisory services, PlanFees introduced a ground-breaking solution: RFP Express. This instant quoting tool, powered by RPAG technology, has reshaped how advisors manage and deliver services to plan sponsor clients, elevating the benchmarking process to unprecedented heights. Advisors can obtain quotes within minutes when requests meet predefined pricing criteria, and benefit from custom pricing within an astonishing one to two days — in stark contrast to the traditional weeks-long wait of live-bid benchmarking.
Now, PlanFees has taken this innovative platform even further by equipping RFP Express with an open architecture. This significant update enables advisors to select from a cost-effective proprietary lineup or a flexible blend of proprietary and non-proprietary funds to manage recordkeeping expenses. Alternatively, they can choose flat fee pricing for those providing tailored investment menus. Having more options available gives advisors greater flexibility to cater to the unique demands of diverse client portfolios.
What Advisors Are Saying
Luke Vandermillen Jr., Sr. Associate of New Business Development at RPAG, has noted a palpable excitement among advisors, who are thrilled by the efficiency RFP Express injects into their workflow. The recent addition of open architecture only adds to the value of this unique platform. “Advisors now have the ability to request completely open architecture quotes through RFP Express,” he says. “That way, we’re able to offer the most transparent pricing available from recordkeepers. Transparency is crucial in the financial industry — and we’re committed to providing it.”
RFP Express grants access to some of the most transparent pricing from leading recordkeepers. Recognizing the varied needs of retirement plans, the platform is designed to arm top advisors with a vast array of tools necessary for providing premium, personalized advisory services.
Accelerate Your Practice With More Powerful Prospecting
RFP Express isn’t merely a quoting tool; it can act as a robust catalyst for business growth. By easily generating accurate and actionable insights for plan sponsors, it can help position your practice at the forefront of the advisory field. RFP Express can serve as a potent sales instrument, empowering advisors to efficiently onboard new clients and stay ahead in the competitive race to land new business.
Embrace the Future of Plan Benchmarking With PlanFees
In an industry where time is money, RFP Express has emerged as a game-changer, delivering accurate, rapid, real-time results. As PlanFees continues to innovate and evolve, RFP Express is at the vanguard, offering a faster, more efficient benchmarking experience. Because it’s not just about keeping pace — it’s about setting the pace and a higher bar in a rapidly changing financial advisory landscape.
Get on board RFP Express and benchmark better — and faster — with PlanFees.
