AI for Financial Planners
Automate SOA Generation & Scale Your Practice
Australian financial planners use on-premise AI to automate Statement of Advice preparation, client reporting, and compliance documentation. Reduce SOA prep time by 60% while maintaining ASIC Best Interests Duty compliance.
Traditional SOA Prep
60% time reduction on SOA preparation
On-Premise Processing
Client data never leaves your infrastructure
Best Interests Duty
Client data stays secure
The Challenge Facing Financial Planners
SOA Preparation Bottleneck
Financial planners spend 6-8 hours preparing each Statement of Advice. Advisers manually compile client data, research product recommendations, format compliance disclosures, and ensure ASIC Best Interests Duty requirements are met. SOA preparation prevents advisers from taking on more clients or spending time on relationship building.
Your practice can't grow because advisers are stuck formatting documents.
Inconsistent Quality & Formatting
Different advisers create SOAs with varying formats, compliance language, and quality levels. Dealer groups struggle to maintain consistent branding and regulatory standards across their adviser network. Manual preparation creates compliance risks and client confusion.
Compliance reviews find formatting errors, not strategic advice issues.
ASIC Compliance Documentation
ASIC Best Interests Duty requires comprehensive documentation of advice rationale, product research, and client circumstances. Financial planners need audit trails showing how they arrived at recommendations. Cloud AI services can't provide the transparency and data sovereignty ASIC requires.
Your compliance team blocks AI tools that could actually help advisers.
Client Data Security Requirements
Client financial information, personal circumstances, and advice records require complete confidentiality. Australian privacy laws and professional obligations prohibit sharing client data with third parties. Traditional AI solutions send your client data offshore for processing.
Can't use ChatGPT or other cloud AI without violating client privacy.
How BackPro AI Helps
Automated SOA Generation
Upload client fact-finding data, research papers, and product recommendations. Our AI generates Statement of Advice sections including executive summary, client situation analysis, strategy recommendations, product research, and compliance statements. Financial planners review and edit before client delivery. Maintains ASIC Best Interests Duty compliance throughout.
Reduce SOA preparation time from 6-8 hours to 2-3 hours.
Compliance Documentation
Every SOA includes full audit trails showing AI-generated content, adviser edits, and approval timestamps. Export compliance reports for ASIC reviews. Built-in checks for required disclosures, fee transparency, and conflict of interest statements. Version control for all client advice.
Pass ASIC audits with complete transparency into advice preparation.
CRM Integration
Seamless integration with Xplan, Adviser Logic, IRESS, and major CRM platforms. Pull client data automatically for SOA generation. Update records when advice is delivered. No manual data entry or exports required.
AI works with your existing practice management systems.
Template Customisation
Configure SOA templates to match your dealer group's branding and compliance requirements. Set up automated compliance checks specific to your AFSL. Customise language, disclosures, and formatting while maintaining consistency across advisers.
Every adviser produces consistent, branded SOAs without template wrestling.
Client Reporting Automation
Generate portfolio reviews, performance reports, and investment updates automatically. Connect to portfolio administration platforms for real-time data. Maintain consistent quality across all client communications.
Free advisers to focus on client relationships instead of report formatting.
On-Premise Data Security
Deploy BackPro AI entirely within your infrastructure or private cloud. All client data, advice records, and compliance documentation stays within your controlled environment. Zero data leaves your practice. No third-party services access client information.
Meet privacy obligations and ASIC requirements without compromising AI capabilities.
More4Life & Frazer Walker
Financial Planning Networks | 300+ Advisers Combined
01 The Challenge
Financial planning practices needed to scale client advice delivery without hiring additional advisers. SOA preparation was consuming 6-8 hours per document, creating bottlenecks and preventing advisers from taking on more clients. Compliance teams required consistent formatting and ASIC-compliant documentation across entire adviser networks.
02 The Solution
On-premise AI system for SOA generation and client reporting deployed across adviser networks. Custom-trained on ASIC compliance requirements with built-in audit trails. All client data stays within firm infrastructure.
TECHNICAL HIGHLIGHTS:
03 The Results
SOA preparation time reduced by 60% (from 6-8 hours to 2-3 hours)
Consistent quality and formatting across 300+ adviser outputs
ASIC-compliant audit trails on all generated documents
100% data sovereignty - client data never leaves firm infrastructure
Zero compliance issues in first 6 months of deployment
Adviser capacity increased for client meetings and relationship building
"Finally, AI our compliance team actually approves. Everything stays on our servers, audit trails are built-in, and our advisers are spending time with clients instead of fighting Word templates. Our reporting quality improved while turnaround time dropped."
Head of Compliance, Frazer Walker
James Walker Powell, More4Life
Frequently Asked Questions
Common questions financial planners ask about AI for SOA automation
Ready to Finally Use AI?
Your compliance team has been saying no to every AI tool. BackPro is the one they can say yes to.
Trusted by Selector Funds, More4Life, Frazer Walker, and other Australian financial institutions
Questions? Email backpro@backpro.ai or call +61 468 354 703
Genesis Accelerator 2025 • University of Sydney backed
