It is the fifth new integration for Xplan so far in 2024.

PlannerPal uses AI technology to generate meeting transcripts, actionable summaries and written follow-ups.

Integrating PlannerPal with Xplan will enable Planners to track client interactions, recall client information and automatically generate client emails and documentation in the adviser’s style and format.

Iress claims that PlannerPal could help advisers ‘take charge’ of their Consumer Duty obligations.

Alex Hore, managing director of UK wealth at Iress, said: “The team at PlannerPal share our view that technology should help advice firms work smarter and more efficiently. We know advisers spend too much time on administration and low-value tasks and AI technology can change this.”

Mark Whitcroft, CEO of PlannerPal, added: “While AI technology has advanced rapidly, it’s crucial to have the right tools tailored to your specific role and need. PlannerPal empowers advisers and their teams to harness AI without disrupting established workflows.”

Iress is a technology company providing software to the financial services industry.

It provides software and services for trading and market data, financial advice, investment management, mortgages, superannuation, life and pensions and data intelligence.

Iress’ software is currently used by more than 10,000 businesses and 500,000 users globally.

The fintech has 1,900 staff in Asia-Pacific, North America, Africa, the UK and Europe.