Susan Lewis (Customer) asked a question.
Our firm already purchased Wealth Counsel software and pays monthly. Since LEAP has acquired Wealth Counsel, is that a cost which is added to our LEAP cost? Simply put, is Wealth Counsel getting paid twice?
Scott Wolf, Cheri Bardin, and James R. Barnes like this.
- David Morgan (LEAP)
Hi Susan
While LEAP and Wealth Counsel are now part of the same organization, the two software systems are, for now at least, entirely separate. As a result, they do have a separate subscription.
- Garrett Laborde (Customer)
Hi, Is this still accurate?
I migrated my Wealth Counsel annual subscription over to LEAP this week and I don't think the above is accurate any more, is it? I mean, we signed up with LEAP specifically because Wealth Counsel (ie, Elder Docx™, Wealth Docx®, Business Docx®, and Gun Docx®) was included in our monthly LEAP license fee.
Expand Post- Amanda Blackford (Customer)
We were just looking into this and the information we got was basically: activating the integration through LEAP would bump up the price of all our user licenses by about $100 per license and everyone in the firm would have access to the integration package. For us, really only the 3 or 4 people in our Estate Department would use the program, so it was suggested that we sign up with WealthCounsel directly to get the appropriate number of licenses and then activate the app integration in LEAP. So either we pay through LEAP and incur the price increase on all user licenses or signup/pay WealthCounsel to get the specific number of licenses we wanted. We haven't made a decision yet so I don't really have any other information beyond that.
Expand Post- Cheri Bardin (Customer)
We did the same Amanda and our firm concentrates in Elder Law and Estate Planning! We're on the smaller side so it didn't make sense for us to do the license jump. I think it was maybe more than $100/license if I recall (our original quote anyhow, it could've changed.) By initiating the integration, it increased our expense by something like $7 or 8000/year. Yikes! Needless to say, we opted to keep our current Leap licensing and Wealth Counsel separate. In addition to the cost, the templates were just not there yet. I'm hopeful that down the road the pricing structure will change a bit to make it more affordable for small firms such as ours (under 20.) I love the idea of the integration and not having to duplicate entry!
Also worthy of note, take caution that if you don't integrate the 2 and you activate/enable the Wealth Counsel app (like I unknowingly did), the rest of your Wealth Counsel users will not be able to get into Wealth Counsel! As soon as I received the first email announcement of the integration, I went to enable it to see how it interacted. I didn't realize, nor did I get a warning, that I would be disabling the Wealth Counsel users from working within WC!
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- David Morgan (LEAP)
Hi Garrett
You are entirely correct. At the time the above was written, there was no way to integrate the two systems. Since October 2023, Wealth Docx, Business Docx, Gun Docx, and (more recently) Elder Docx are accessible via LEAP using the integrated WealthCounsel app.
I can see from our records that your firm has subscribed to have access to both LEAP and the WealthCounsel suite and will be able to access all of the above WealthCounsel features via the LEAP integration.
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Hi Susan
While LEAP and Wealth Counsel are now part of the same organization, the two software systems are, for now at least, entirely separate. As a result, they do have a separate subscription.