PreciseFP, a Docupace subsidiary since 2021 that provides a wealthtech ecosystem for advisors to engage clients and prospects, has unveiled a peer referral program designed to leverage its existing user community for growth and enhanced client engagement.
With the program, PreciseFP plans to extend its services to a larger audience while offering exclusive incentives. According to PreciseFP, it saved users 33,734 hours and over $5 million in practice management costs in 2023 through supporting operations, reducing errors and enhancing client conversion rates.
Ryan George, Chief Marketing Officer for Docupace, said, “We’re fortunate to have a robust community of financial advisors who have built their client engagement and onboarding processes with PreciseFP as the backbone. The greatest compliment we can receive is an introduction, and users who refer their peers can unlock exclusive rewards as the people they refer join the platform.”
The program, which is open to all, provides a $100 gift card for each successful introduction as an incentive. Newly referred users will receive a specialized onboarding program with discounts.
PreciseFP’s platform includes a paperless onboarding process with customizable client engagements and e-signature capabilities. With the platform, the firm aims to increase advisor productivity by helping them avoid paperwork.
“We strongly believe our passionate and loyal user community is one of our greatest assets,” said Nora Gallegos, Financial Planning Thought Leader at PreciseFP. “This new referral program seeks to solidify our commitment to strengthening this community by providing it with additional fuel for growth.”
In July, private equity firm Genstar Capital made a majority investment in Docupace while its previous investor, FTV Capital, continued as a minority investor.
Michael Madden, Contributing Editor & Research Analyst at Wealth Solutions Report, can be reached at mmadden@wealthsolutionsreport.com.
