AdvicePay co-founder Alan Moore is stepping down as the fintech firm's CEO and will transition to become its executive chairman, alongside AdvicePay co-founder Michael Kitces and independent board member Yves-Marc Courtines.
The firm, which operates a platform for processing payments and overseeing compliance of fee-for-service financial planning, initiated a CEO search to "lead the organization into its next phase of growth," it said in a news release on Wednesday.
Moore currently splits his time as CEO of AdvicePay and XY Planning Network.
"To continue driving AdvicePay's rapid growth, the fee-for-service payments and compliance platform is seeking a new full-time CEO to drive its ongoing growth with large enterprises," it said.
Under Moore's leadership over the last two years, AdvicePay saw a 123% increase in advisors added to the platform, 153% growth in transaction volume, and a 141% increase in annual recurring revenue, according to the company.
The new CEO "will own and execute the vision, strategy, and overarching tactics to scale the organization to the next level," the firm said.
A job listing for the new CEO position was promoted on AdvicePay's website, Moore pointed out in a LinkedIn post.
