“If you look at our productivity now with Plutosoft compared to Xplan, it’s chalk and cheese.”
Xplan is a financial planning and wealth management software owned by Iress, comprising a broad suite of modules, including CRM tools, financial modelling, portfolio management, document generation, and workflow. Xplan has long been considered the industry standard for financial planning software in Australia. However, as technology and user expectations evolve, so too must the tools that are relied upon.
Plutosoft is a financial planning software designed to streamline the advice process. It combines CRM, workflow management, modelling tools, and document generation in a single, fully integrated platform. With an intuitive interface and a focus on automation, Plutosoft helps practices reduce manual administration, improve compliance, and deliver advice efficiently. Plutosoft was established in response to the growing demand for intuitive financial planning software, a solution that is easy for advice practices to adopt and use effectively.
Common feedback from Xplan users includes:
comprehensive but complicated and unintuitive,
slow performance and lag across the system,
high cost and significant time required for
customisation particularly in self-hosted
environments,
underwhelming support and service experience,
inefficiencies in generating advice documents
and data duplication across modules,
significant price increases, often well above CPI,
a lack of meaningful system enhancements.
This complexity can hinder advice delivery and often leads to increased reliance on outsourcing, particularly for document templates and site
customisation.
Plutosoft delivers the core functionality advice firms need to fully replace Xplan, including:
client relationship management (CRM),
workflow management,
interactive modelling,
insurance and investment recommendations,
comprehensive data feeds,
advice document generation,
an integrated client portal.
As a full end-to-end solution, Plutosoft removes inefficiencies and simplifies the advice process – while being proven and robust to give firms confidence in their advice delivery. For firms aiming to streamline operations, and operate more profitably, Plutosoft is the compelling alternative.
The views expressed are based on feedback we have collated from current and former Xplan users during sales calls, publicly available information, and the experiences and observations of our team. They do not represent an objective assessment of Xplan or its capabilities. You should conduct your own enquiries and due diligence before making any software decisions.
Read how a 28-member firm reduced their advice turnaround from 6 weeks to 1.5 days with Plutosoft.
Plutosoft offers an intuitive user experience, built-in intelligence, and true end-to-end functionality. One system. Zero duplication. Data flows through the entire system, from fact find to advice generation. As strategies are recommended the advice documents are automatically generated.
“If you look at our productivity now with Plutosoft compared to Xplan, it’s chalk and cheese.”
“Plutosoft has an efficient end to end process, from the client hub to the file compliance, that has streamlined our office enormously. Their Kanban view of our workflows, allows us to manage the whole office at a single glance. Plutosoft is the first app we switch on in the mornings and the last app we turn off at night.”
“None better than Plutosoft. I have been using it for four years and before that I used Xplan. You will not regret the decision to use Plutosoft, it has transformed my practice.”
“You will not regret a move to Plutosoft. We have been using the platform since 2022 and it has been one of the best business decisions I have ever made.”
FAAA Adviser of the Year 2023
“We moved to Plutosoft in December 2024, yes it takes some time to customise it but it REALLY is worth it – you get out what you put in. It’s definitely better than the others we’ve tried (Xplan, Adviser Logic, Fin365, DASH).”
“The only provider out there that does the MOST really well and offers one the ability to customise everything is Plutosoft.”
Xplan offers powerful modelling tools and flexibility; however, leveraging the system’s full potential often requires significant resources. As one user explained: “Xplan is a powerful system, but we only use a small part of its capability”.
Practices may either manage their own Xplan site or operate within a centrally hosted environment run by Xplan or a third party. While centrally hosted setups can reduce some of the technical burden, practices often rely heavily on specialist IT support to configure the platform. Xplan was built in an earlier era – one dominated by bank owned dealer groups with
internal teams dedicated to coding templates and administering custom environments. But the industry has since evolved. Today, more practices are seeking to take control and autonomy over their technology stack.
In a world where technology is expected to be intuitive and adaptable, this kind of legacy setup feels increasingly out of step. For practices who don’t have (or want) dedicated IT specialists to get usage out of their software, Xplan’s flexibility can feel like a barrier to growth rather than an enabler.
The Adviser Ratings Financial Advice Landscape Report is an industry benchmark that provides insights into the performance, perception, and usage of technology and services within the financial advice sector. It gathers feedback directly from licensed financial advisers across Australia – the chart shows NPS feedback across all categories.
Plutosoft is highly valued by advisers. For the second year in a row, Plutosoft has achieved the highest NPS in the CRM category in the Adviser Ratings Landscape Report (across externally surveyed firms). And better yet, our score has soared to 43.4 in 2025. This consistent recognition highlights Plutosoft’s commitment to delivering an exceptional user experience and ongoing adviser satisfaction.
We’re also proud to be recognised as one of the top 5 most-used advice software platforms in Australia.
By contrast, Xplan received a higher volume of reviews; however, the results pointed to a dissatisfied user base, with a Net Promoter Score of -35.
Plutosoft is designed to be fully operable from the start – no programming expertise is required. Practices can easily customise risk profiles, model portfolios, workflow templates, document templates, file notes, and goal- settings with smart drag and drop functionality.
Plutosoft offers an intuitive user experience, built-in intelligence, and true end-to-end functionality. One system. Zero duplication. Data flows through the entire system, from fact find to advice generation. As strategies are recommended, the advice documents are automatically generated.
The onboarding process is guided by a dedicated Implementation Manager, who provides a structured series of sessions to successfully transition practices onto the new system. From migration to go-live, Plutosoft’s onboarding program ensures practices hit the ground running.
Please complete the form below and one of our sales agents will give you a call to arrange a convenient time for you to book a demonstration of Plutosoft.
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