Xplan

Xplan is a configurable financial-advice and wealth-management platform for practices ranging from individual advisers to large networks. It best suits firms that want advice workflows, client records and portfolio tools within one hosted system. Its breadth is a strength, but custom pricing and configuration make it a considered purchase rather than an off-the-shelf choice.

Overview

Xplan supports the advice journey from client discovery through implementation and ongoing review, with options for retail, face-to-face, online and telephone advice. Client data and documents sit alongside dashboards, workflow management and reporting, giving firms a common place to coordinate client work.

The platform is modular: firms can choose essential tools, Advice Toolkit templates and workflows, or an enterprise package. That flexibility can suit practices with different operating needs, but buyers should establish which modules fit their workflows before committing. Xplan is fully hosted and web-based; XplanTouch brings Xplan functions to iOS and Android phones and tablets.

Key features

Advice workflows and client records

Workflows cover client onboarding and ongoing reviews, while Advice Toolkit adds templates and automation. Together with a CRM audit trail of changes to client files and recorded activity, these tools are relevant to firms coordinating repeatable advice work and compliance processes. Their value will depend on choosing and configuring modules around the practice’s own procedures.

Planning and portfolio tools

Cash-flow, goal, tax, scenario, insurance and investment planning are supported. Modelling presents advice concepts, strategies and products in charts, comparison tables and visualisations, which can help advisers explain options to clients. Xplan Portfolio covers constructing, reviewing, analysing, configuring and maintaining investment portfolios, bringing portfolio work into the same platform as advice records.

Compliance and integrations

Xplan includes regulatory and legislative updates, compliance workflows and a record of client-file changes. Iress says its data security practices are ISO/IEC 27001 certified. The open API is intended to let firms build a wider technology ecosystem, and the platform integrates with more than 450 third-party data providers and software vendors. Standard or custom integrations are possible, but standard integrations rely on client permission and activation is at the discretion of the client and site administrator. That control can help firms govern connections, while making integration decisions part of implementation rather than an automatic benefit.

Pricing

Xplan uses a paid model with custom pricing. The Xplan package and modules are selected to fit business requirements, and prospective customers are directed to contact Iress for pricing or book a demo. No fixed price, seat count or package cap is published, so practices should request a quote that specifies the modules and deployment requirements they need.

This structure is suited to firms that need a tailored set of capabilities, including larger networks or practices with specific workflow requirements. It is less straightforward for small firms comparing costs from a published rate card. Iress describes options from essential tools through Advice Toolkit to an enterprise package, but the relative price and precise inclusions depend on the selected package.

Platforms

Xplan is web-based and hosted, with Android and iOS access through XplanTouch. An API supports connections to other systems. Iress routes financial-advice software support requests through Iress Connect; its service desk operates weekdays from 8 am to 6 pm Toronto time, excluding national bank holidays.

Who it's for

Xplan is aimed at financial-advice and wealth firms of all sizes, from individual advisers seeking a standard solution to businesses that need customised modules and hosting. Its mix of planning, client management, portfolio work and compliance is most compelling where a practice wants those activities coordinated in one configurable platform. Firms seeking transparent upfront pricing or a simpler, fixed package should compare alternatives before choosing.

Pros and cons

Pros

• Broad advice coverage: Workflows span onboarding and reviews, while planning tools address cash flow, goals, tax, scenarios, insurance and investments.
• Portfolio and client work together: Portfolio construction and review sit alongside client records, dashboards and reporting.
• Configurable ecosystem: Modular packages, an open API and integrations with more than 450 providers support firms building around their own processes.
• Compliance tools: Regulatory updates, compliance workflows and a CRM audit trail support oversight of client-file activity.

Cons

• Custom pricing: Buyers must contact Iress for a quote, making direct budget comparisons harder.
• Configuration is part of the decision: Package and module selection, plus administrator-controlled integrations, require firms to plan their setup rather than assume a single standard configuration.

Alternatives

Conquest is a paid alternative with a free waitlist for US-based independent advisers and boutique firms, typically teams of 10 or fewer; its 14-day trial is upcoming. It may suit that narrower audience, while Xplan is positioned for firms of all sizes and offers broader configurable workflows and portfolio functions.

FinStak offers a free plan and a free trial, making it worth considering for buyers who want a freemium option. Its Basic plan is $60 a month, billed at $60 per user per month, or $70 month-to-month, with a $500 setup fee and CRM only; Xplan instead combines advice, planning, portfolio and compliance capabilities in a configurable platform.

AdvisorEngine CRM is a CRM-focused alternative at $69 a year, billed per user per month and annually, with a three-user minimum, all features, priority support and unlimited document storage. Consider it when CRM is the primary requirement; Xplan covers a wider advice and portfolio workflow.

Fin365 is a paid web-based alternative with a free trial. Plutosoft is a paid web-based alternative. Fiducio offers a free plan on the web. MoneyGuide is a paid alternative with a free trial and a MyBlocks Individual plan at $125 a month, billed as an annual subscription paid monthly per adviser. Advyzon is a paid web-based alternative.

Browse more options in Financial Advisor Software, Financial Planning Software and Portfolio Management Software.

Verdict

Xplan is a strong fit for advice and wealth firms that need client records, repeatable advice workflows, planning, portfolio management and compliance in a configurable hosted platform. Its breadth and integration ecosystem are the main reasons to choose it. Look elsewhere if published pricing or a simpler, more fixed product is essential; Xplan’s custom quote and module choices make cost and fit dependent on a tailored discussion with Iress.