AI tools for financial advisers (UK)

UK financial adviser firms — IFA, restricted, or wealth — operate under FCA regulation: Consumer Duty, suitability, and SM&CR. This guide highlights AI tools that support the advice process: fact-find, suitability reports, modelling, file building, and back office or adviser CRM. We focus on options that fit UK compliance expectations, clear pricing and scalability for small practices, and client data and UK/EU hosting where relevant — without increasing regulatory risk.

Top picks

Tools that match this guide, ordered by relevance and sponsor status. Click through for full details and evaluation.

Comparison at a glance

Tool Implementation Integration Pricing Security SME fit GDPR/DPA Data location
Amazon CodeWhisperer 4 4 3 4 4 — —
LLM Self-Hosting and AI Sovereignty 0 0 0 0 0 — —

Scores 0–5 per our evaluation rubric. ✓ = claimed or available. — = not yet evaluated or not stated.

How we evaluate

We score tools on five dimensions (0–5) from public, verifiable information: implementation friction (ease of getting started), integration maturity (APIs, SSO, export), pricing transparency, security posture (heuristic from vendor statements), and SME fit (overall fit for time-poor, budget-conscious UK SMEs). We also record flags: GDPR/DPA claimed, UK/EU data hosting, SSO, and audit logs. Scores and flags are documented in our internal evaluation framework; we use them to keep comparisons consistent and to surface tools that meet compliance and hosting needs.

FAQs

Who is this guide for?
UK financial advice firms: IFAs, restricted advisers, and wealth managers evaluating AI for fact-find, suitability, modelling, paraplanning, back office, or adviser CRM. The tools we list are chosen for relevance to the UK advice process and FCA context (Consumer Duty, suitability, regulatory reporting).
How do you evaluate tools?
We score tools on five dimensions (implementation friction, integration maturity, pricing transparency, security posture, SME fit) from public information, and we record flags such as GDPR/DPA and UK/EU data hosting. See the "How we evaluate" section on this page for the full rubric.
What about FCA, Consumer Duty, and suitability?
We do not certify or endorse any tool for FCA compliance. You remain responsible for Consumer Duty, suitability, SM&CR, and regulatory reporting. We surface tools that support the advice process and file building; suitability for your firm and regulatory obligations is your decision.
Where do I see pricing?
The comparison table on this page shows a pricing transparency score and GBP starting price where stated. Each tool's detail page has fuller pricing information when we have it — useful for small practices and sole/small firms comparing costs.
What about client data and professional indemnity?
We flag UK/EU data hosting and DPA where vendors state it. For client data and professional indemnity when using AI in the advice process, confirm directly with the vendor and your PI insurer before adoption.