AI for Financial Advisers and IFAs
For directors and compliance leads at UK advice and wealth management firms. The fact-finding, file building and review preparation that takes up your advisers' week, done as an AI system that keeps client data in the UK and leaves every decision with a qualified adviser.
Every new client adds hours of reading and retyping
A fact-find meeting, a pile of statements and policy documents, the back-office record. Someone has to read all of it, pull out the facts, check them, and write them up in a form the firm can rely on. Then do it again at every annual review.
Meeting-notes tools have already removed the typing up. What is left is the harder part: turning a transcript and a stack of documents into a structured, checked client record, and keeping it current. That work scales with every client you take on, and it is where growing firms end up hiring.
We build the reading, extracting and flagging. Your advisers keep the judgement, the relationship and the sign-off.
Four jobs, one pattern: read, structure, flag, sign off
One workflow at a time, proven before it is trusted
Map one workflow
We pick one process, usually the fact-find or the annual review, and map where the time goes, which systems hold the data, and what your compliance team would need to see in an audit.
Test on fictitious files
We build against 10 to 20 representative files with realistic fictitious details, and measure what an adviser still has to correct. You see the accuracy before any real client data is involved.
Run alongside your team
The system runs in parallel with your current process. Advisers review every output, and nothing replaces the existing way of working until the numbers say it should.
Handover
Documentation, source code and a plain-English description of what each step does. Built to need very little looking after, because most advice firms do not have an IT team to spare.
Tell us which part of the client file takes longest
One conversation is enough to pick the first workflow. Fixed fee. Advisers sign off everything.
info@kelriva.aiAI for financial advisers: what firms actually ask
Does the FCA allow advice firms to use AI?
The FCA has said it does not plan to introduce AI-specific rules and expects firms to apply existing frameworks such as the Consumer Duty and the Senior Managers and Certification Regime. In practice that means the firm stays accountable for every output, which is why everything we build keeps a qualified adviser as the person who signs off.
Where is client data processed?
In the UK. Depending on the work, personal details are masked before any external model sees them, the model runs inside a UK cloud region, or a smaller model runs inside your own environment and only anonymised context goes further. Our article on using Claude under UK GDPR explains the three designs and their trade-offs.
Will this replace our paraplanners or administrators?
No. It removes the retyping and the rereading: pulling facts out of transcripts and documents, spotting what is missing, preparing first drafts. People still check, decide and sign off. Firms usually use the time to take on more clients without adding headcount.
Does it work with Intelliflo or our meeting-notes tool?
It works from what your systems can share: an API where the provider offers one and your licence allows it, or regular exports where they do not. We check what each provider permits during the first workflow, before any build work starts.
We are a small firm with outsourced IT. Is this realistic for us?
Yes, if it is designed for that from day one. We keep the moving parts few, document everything in plain English, and agree in advance exactly what, if anything, your IT provider needs to do.
How long does it take and what does it cost?
A first workflow tested on fictitious files usually takes 3 to 5 weeks. Our document processing proof of concept starts at £8,500, fixed fee, scoped and priced in writing before work begins.