SOA Generation Workflow

AI-assisted Statement of Advice for Client: Margaret & David Thompson — Annual Review

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Step 1 — AI Capture

🎤 Meeting Transcription & Summary

PlannerPal captures the full meeting, extracts key decisions, action items, and client goals automatically.

00:02:15Karen: Let's review your super balance and talk about the contribution strategy for this financial year.
00:03:42Margaret: We've been thinking about increasing our concessional contributions. David turns 60 next March.
00:05:18Karen: Great timing. With the new thresholds, we have some excellent options for both of you.
00:08:30David: We also want to revisit the insurance. I'm not sure we still need the same level of cover.
00:12:45Karen: Absolutely. Let's model a step-down and see where the break-even is.
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Step 2 — Auto Data

📊 Xplan Data Pull & Consolidation

Automatically pulls client data from Xplan — financial position, goals, entities, risk profile — no manual gathering.

Client Margaret & David Thompson
Entities SMSF · Family Trust · 2 Personal
Total Portfolio $3.2M across all entities
Risk Profile Balanced / Growth — reviewed Oct 2025
Super Balance M: $1.1M · D: $890K (SMSF)
Insurance Life $2M · TPD $1.5M · Income $12K/mo
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Step 3 — AI Draft

✍️ SOA Draft Generation

AI generates a compliant SOA draft in JFP's style, tone, and format. Sections requiring adviser judgment are highlighted.

Statement of Advice — Thompson Family

Prepared by: Karen McEvey, CFP | JFP Advisory Pty Ltd (AFSL 516652)

Date: 19 March 2026

1. Scope of Advice

This Statement of Advice addresses your superannuation contribution strategy, insurance review, and portfolio allocation for the 2026-27 financial year…

2. Contribution Strategy
⚡ AI Note: David's age-based threshold changes — adviser review recommended

We recommend maximising concessional contributions for David ($30,000) given his proximity to preservation age…

3. Insurance Recommendation
⚡ AI Note: Step-down modelling complete — 3 scenarios attached for adviser selection

Based on your current financial position and reduced debt levels, we recommend adjusting…

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Step 4 — Compliance

🛡️ Real-Time Compliance Check

AI pre-vets the SOA against ASIC requirements, Best Interests Duty, and JFP's internal compliance framework.

✅ Best Interests Duty — client goals documented & aligned
✅ Fee disclosure — fixed-fee schedule current & attached
✅ Risk profile consistency — recommendations within tolerance
⚠️ Insurance step-down — adviser manual sign-off required (3 scenarios)
✅ Privacy — no restricted data shared externally
✅ Audit trail — all AI reasoning logged & traceable
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Step 5 — Human Control

👩‍💼 Adviser Review & Approval

Karen reviews the AI draft, refines sections, selects the insurance scenario, and approves. Full ownership retained.

✓
AI assists. Karen advises.
Every recommendation is reviewed, refined, and approved by a qualified adviser before it reaches the client.