SOA Generation
Automate Statement of Advice in 2-3 Hours, Not 6-8
Automate Statement of Advice preparation with AI that understands ASIC compliance requirements. Generate SOAs in 2-3 hours instead of 6-8 hours while maintaining Best Interests Duty standards and complete audit trails.
SOA Preparation Time
60% time reduction on SOA prep
On-Premise Processing
Client data never leaves your infrastructure
Best Interests Duty
Complete audit trails for compliance
The Challenge Facing Financial Planners
SOA Preparation Prevents Practice Growth
Financial advisers spend 6-8 hours preparing each Statement of Advice. A planner producing 50 SOAs annually dedicates 300-400 hours to document formatting, compliance checking, and template wrestling. This time could be spent on client meetings, business development, or serving more clients. SOA bottlenecks prevent practice scaling.
Can't grow your practice because advisers are buried in document preparation.
Inconsistent Quality Across Advisers
Every adviser has their own SOA style, formatting preferences, and compliance language. Dealer groups struggle to maintain consistent branding and regulatory standards across their network. New advisers take months to learn firm templates. Compliance reviews focus on formatting errors instead of advice quality.
Compliance finds template problems, not strategic advice issues.
ASIC Compliance Documentation Complexity
ASIC Best Interests Duty requires comprehensive documentation of advice rationale, product research, fee disclosure, conflict of interest statements, and client circumstances. Advisers manually compile this information across multiple sections. Missing disclosures create compliance risks and ASIC penalties.
One missed disclosure can result in ASIC enforcement action.
Client Data Confidentiality 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. Cloud AI services send your client information offshore for processing, violating privacy requirements.
Can't use ChatGPT or other cloud AI without breaching client trust.
What if AI ran entirely within your infrastructure?
BackPro AI deploys on your Azure, AWS, or GCP environment. Zero data leaves your infrastructure. Complete ASIC Best Interests Duty compliance whilst automating SOA generation with full audit trails.
How BackPro AI Helps
Automated Section Generation
Input client fact-finding data, product recommendations, and strategy analysis. The AI generates all SOA sections including executive summary, client situation analysis, financial objectives, strategy recommendations, product research, fee disclosure, and compliance statements. Maintains ASIC Best Interests Duty compliance throughout.
Generate complete first draft in 1-2 hours instead of starting from blank template.
Template Customisation & Branding
Configure SOA templates to match your dealer group's branding, compliance requirements, and advice philosophy. Set up automated checks for required disclosures, fee transparency, and conflict of interest statements. Customise language and formatting while maintaining consistency across all advisers.
Every adviser produces identical formatting and compliance standards.
Product Research Integration
Connect to research houses (Lonsec, Morningstar, Zenith) for product due diligence. Auto-populate product features, benefits, risks, and fees. Link to APL (Approved Product List) for automatic compliance checking. Update research when providers release new reports.
Product research updates automatically - no manual copy-paste.
ASIC Compliance Checking
Built-in compliance checks for Best Interests Duty requirements, fee disclosure obligations, conflict of interest statements, and risk warnings. Flags missing disclosures before adviser review. Tracks all required ASIC documentation including basis of advice, product comparison, and alternative strategies considered.
Catch compliance issues before SOAs reach clients or compliance review.
Complete Audit Trails
Every SOA includes full audit trail showing AI-generated sections, adviser edits, compliance approval, and client delivery. Export compliance reports for ASIC reviews. Version control for all advice documents. Track changes over time for ongoing advice relationships.
Prove to ASIC exactly how advice was prepared and approved.
CRM & Portfolio 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. Connect to portfolio administration for current holdings and performance data. No manual data entry.
AI works with your existing practice management systems.
More4Life & Frazer Walker
Financial Planning Networks | 300+ Advisers Combined
01 The Challenge
Financial planning practices needed to scale advice delivery across 300+ advisers while maintaining ASIC compliance standards. SOA preparation was consuming 6-8 hours per document. Advisers were bottlenecked by document formatting instead of client relationships. Compliance teams required consistent quality and audit trails across entire networks.
02 The Solution
On-premise SOA generation system deployed across adviser networks. Custom-trained on ASIC compliance requirements, dealer group templates, and approved product research. All client data remains within firm infrastructure.
03 The Results
SOA preparation time reduced by 60% (from 6-8 hours to 2-3 hours)
Consistent formatting and compliance language across 300+ advisers
ASIC-compliant audit trails for every generated SOA
100% data sovereignty - client data never leaves firm infrastructure
Zero compliance issues in first 6 months of deployment
Advisers spending 40% more time in client meetings
Practice capacity increased without hiring additional advisers
"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 dramatically."
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
