XY Planning Network (XYPN) has reached a pivotal milestone, celebrating ten years of challenging and changing the financial planning industry's landscape. Since its launch in 2014, XYPN has grown at an average annual rate of 56.7%, now supporting over 1,900 members who serve more than 80,000 clients. This growth underscores the increasing demand for fee-for-service financial planning among younger professionals, a demographic once considered unprofitable by traditional standards.
The network's influence is further highlighted by its leadership in state RIA registrations, with 1,000 filings in the past five years and nearly 1,000 firms receiving annual ADV filing support in 2024 alone. Alan Moore, CEO and co-founder of XYPN, reflects on the journey, stating, "Ten years ago, the industry doubted the viability of profitably serving next-generation clients, but our consistent growth has proven otherwise."
XYPN's model thrives on specialization and certification, with CFP® certificants and advisors focusing on niche markets experiencing notably faster growth. The network's approach addresses the complex financial needs of young professionals, such as student loan management, filling a significant market gap. Additionally, XYPN has expanded its services to include compliance, bookkeeping, and the innovative XYPN Sapphire program, catering to advisors seeking integrated technology and compliance solutions.
Vince Hockett, XYPN President, emphasizes the organization's dedication to member success, "Our growth has been matched by our commitment to investing in the resources and support our members need to thrive." As XYPN continues to evolve, its decade-long success story not only validates the fee-for-service model but also signals a broader shift towards more accessible and tailored financial advice for the next generation of clients.
