AdvicePay hires new CEO to succeed Alan Moore

investmentnews.com:

Fintech billing and payment platform AdvicePay has filled its chief executive vacancy with Alex Sauickie, a fintech veteran and New Jersey state assemblyman.

Sauickie, 52, who joins AdvicePay from Fidelity Information Services, where he served as global head of wealth and retirement services, replacesAlan Moore, who stepped down in February to become the full- time CEO of XY Planning Network.

“I’ve known AdvicePay for years as a company that solves problems for advisors,” Sauickie said. “The fee-for-service model offers an ability to create revenue in an efficient way. There is competition out there, but I believe AdvicePay in the leader in the space.”

AdvicePay, which is based in Bozeman, Montana, was co-founded in March 2016 by Moore and Michael Kitces.

At the time of Moore’s resignation, he said he was splitting his time between leadership roles at AdvicePay and XY Planning and that both deserved full-time CEOs.

Under Moore’s leadership over the past two years, AdvicePay experienced a 123% increase in advisors added to the platform, 153% growth in transaction volume and a 141% increase in annual recurring revenue. Additionally, the platform ranked 636th among America’s fastest-growing private companies on the Inc. 5000 list in 2022 and ranked first in Montana.

“Alex was the best choice from a deep pool of highly qualified candidates,” Moore said. “He is a seasoned leader who brings a unique combination of strategic mindset, operational expertise, and a passion for the industry that aligns perfectly with AdvicePay’s core values. We are excited about the future under Alex’s leadership and have no doubt that he will steer AdvicePay to even greater success and further scale AdvicePay as the leading platform as the