Xplan for advice businesses
How Xplan supports self-licensed and independent advice businesses
Xplan is the operational backbone that connects advice delivery, compliance and administration for Australian advice practices.
What Xplan does for an advice business
Xplan, developed by Iress, is the advice-technology platform underpinning many Australian financial advice businesses. It brings client relationship management, portfolio administration, investment and insurance research, financial projections and document production into a single system. For self-licensed and independent advice practices, Xplan is more than record-keeping software — it is the operational backbone that connects advice delivery, compliance and day-to-day administration.
Why Xplan matters for independent and self-licensed practices
Self-licensed and independent advisers often manage advice, compliance and operations with lean teams. Xplan consolidates the core functions — client data, portfolios, research, modelling and document generation — so a smaller practice can deliver consistent, compliant advice without stitching together disconnected tools. Configured thoughtfully, it reduces repetitive manual steps, keeps client information in one reliable place, and supports the audit trail that responsible managers and licensees expect.
The modules that do the heavy lifting
Xplan's strength comes from the way its modules work together across the advice process — from client onboarding through to advice production and ongoing review.
Client Focus
The core CRM module — client data management, advanced search, document workflow and efficient day-to-day administration.
Portfolios (IPS)
Transaction-based portfolio administration — managing live portfolios, modelling changes, corporate actions and data feeds.
WealthSolver
Platform comparison for modelling investment recommendations and comparing products by features, fees and costs.
RiskResearcher
Life insurance comparison and quoting, used to tailor recommendations to client circumstances.
Xtools and Xtools+
Financial projection tools for modelling scenarios and presenting holistic strategy comparisons.
Getting more from Xplan
Out of the box, Xplan is powerful. The practices that get the most from it shape it to their own workflows — custom pages and wizards that present only the fields a team needs, coded document templates, automated Threads and Cases workflows, and reporting that reflects the metrics that matter. Targeted training builds confidence across the team, and data-quality work keeps the foundation dependable. Together, configuration, training and data-quality work turn a generic install into a system that fits how the team actually works — rather than forcing the team to work around the system.
Related insights
Data quality
Keeping Xplan data clean and compliant
Why data quality in Xplan matters for advice accuracy, reporting and compliance, and how to maintain it over time.
Practice management
Self-licensed advice: technology considerations
Key technology and compliance considerations for self-licensed financial advice practices selecting or configuring their advice software.
Foundations
What is Xplan and who uses it?
A plain-language overview of Iress Xplan and how Australian financial advice businesses rely on it for client, portfolio and advice management.
Make Xplan work for your practice
Tell us where advice technology is creating friction. Let's identify a practical next step.