Introduction
PreciseFP, the award-winning client engagement and data-gathering software from Docupace, has launched an innovative peer referral program designed to expand its impact across the wealth management industry. This strategic initiative leverages the platform’s existing user community to drive adoption while rewarding successful referrals with meaningful incentives.
Maximizing Advisory Excellence
The program’s structure reflects PreciseFP’s deep understanding of the advisory community’s needs. Referrers receive a $100 gift card for each successful referral, while new users benefit from specialized onboarding support and exclusive discounts. This dual-benefit approach ensures value for both existing users and newcomers to the platform, creating a sustainable growth model for the community.
In 2023, PreciseFP demonstrated its significant impact on advisory practices, with users saving an impressive 33,734 hours and over $5 million in practice management costs. These tangible benefits provide compelling evidence for advisors considering the platform, making the referral program a natural extension of organic word-of-mouth promotion.
Streamlining Practice Operations
At the heart of PreciseFP’s offering is a comprehensive digital solution that modernizes client engagement and onboarding processes. The platform eliminates traditional paperwork requirements and automates financial data collection, significantly enhancing advisor productivity. With customizable client engagements and integrated e-signature capabilities, the system brings financial advice firmly into the digital age.
The referral program builds upon these operational advantages by creating a straightforward path for interested advisors to join the platform. A simple online form initiates the process, followed by white-glove onboarding support to ensure new users can quickly implement and benefit from the technology.
Building Advisory Communities
The program represents more than just a growth strategy—it’s a commitment to strengthening the professional community of financial advisors. As Nora Gallegos, financial planning thought leader and community leader for PreciseFP, emphasizes, the passionate and loyal user community is one of the platform’s greatest assets. The referral program provides additional fuel for this community’s growth while recognizing the value of peer recommendations in the advisory space.
This community-centric approach acknowledges the unique dynamics of the wealth management industry, where peer validation often carries more weight than traditional marketing efforts. By empowering current users to share their experiences and success stories, PreciseFP creates authentic pathways for platform adoption.
Advancing Digital Transformation
The initiative aligns with broader industry trends toward digital transformation in wealth management. Since its acquisition by Docupace in September 2021, PreciseFP has been integral to delivering an end-to-end wealthtech ecosystem that enhances both advisor operations and client experiences.
The platform’s focus on paperless processes and automated data collection positions it at the forefront of industry modernization efforts. The referral program accelerates this transformation by expanding access to these digital tools through trusted peer networks.
Scaling Advisory Innovation
Looking ahead, the referral program represents a strategic investment in the platform’s future growth and the broader evolution of wealth management technology. While certain limitations apply—such as users being able to use only one promotional code at a time and enterprise agreement users being able to make but not receive referrals—the program’s structure supports sustainable expansion.
For the wealth management industry, this initiative demonstrates how technology adoption can be accelerated through community-driven referral programs, potentially setting a new standard for how wealthtech solutions approach market expansion and user engagement.
