The Future of Suitability Reports

The financial planning industry is undergoing a major transformation. AI and automation-driven solutions are reshaping how advisers manage their workload and deliver value to clients. While automation has improved administrative tasks such as meeting summaries, marketing content, and email outreach, many productivity tools fall short when it comes to writing suitability and advice reports. These processes remain time-consuming and often rely on rigid templates that fail to reflect an adviser’s expertise.

Automwrite changes that. It is designed specifically for financial advisers, helping them to write bespoke reports in seconds. Instead of offering standardised, one-size-fits-all outputs, Automwrite adapts to an adviser’s unique approach and client circumstances, ensuring reports are both compliant and personalised.

We explore what makes Automwrite an innovative, purpose-built suitability report writing software and how it is setting a new standard in the industry.

The Need for Efficiency in Financial Planning

The need for efficiency in the industry is undeniable. While technology has improved many aspects of financial planning, report writing has remained a slow and manual process. Reports often rely on rigid templates and outdated software that fail to capture the nuances of an adviser’s recommendations. As a result, firms frequently adjust paraplanning staff, sometimes hiring seasonal support, just to keep up with documentation demands.

We quickly realised that this approach was not enough. Our goal was to create a tool that writes fully customised, compliant suitability reports in less than a couple of minutes, freeing advisers from administrative bottlenecks and allowing them to focus more on client relationships.

How the Industry Views Suitability Reports

Many advisers find suitability reports burdensome, often filled with jargon, excessive detail, and regulatory wording that does little to engage clients. Helena Wardle, Partner & Chartered Financial Planner at Smith & Wardle, highlights this issue:

"As an industry, the real purpose of suitability letters has been lost. More often than not, they have become a compliance tick-box exercise rather than a way to create trust with clients. Great advice can get hidden in overcomplicated suitability letters." (Professional Planner, 2021)

The Financial Ombudsman Service (FOS) has frequently ruled that suitability reports are too long, unclear, and lacking personalisation. Clients themselves express frustration, with research from Boring Money revealing that complex financial documents leave them overwhelmed and disengaged. If suitability reports fail to communicate advice effectively, they risk being ignored altogether.

How Financial Advisers Are Using AI and Automation Today

Many advisers are turning to AI and automation to improve efficiency, drafting emails after client meetings, summarising voice transcripts, and streamlining administrative tasks. However, generic AI tools struggle with suitability reports. They fail to produce content that meets compliance standards or captures the necessary detail.

Automwrite was built specifically for financial advisers. It creates reports tailored to each client’s financial circumstances while maintaining compliance and accuracy. Firms reduce their reliance on administrative support, see more clients, and grow their business without sacrificing quality.

One adviser shared their experience with Automwrite:

"Really impressed so far. The output is more human and lifelike than some of the other AI options I have seen. The software analyses a case file with no involvement required, allowing an adviser to free up their time elsewhere."

Automwrite is the best suitability report writing software because it removes the manual effort from report writing, allowing advisers to focus on their clients instead of spending hours on back and forth edits and formatting. Advisers simply adjust their inputs, and the software writes a new report in seconds. This helps firms improve efficiency, expand their client base, and focus on delivering high-quality advice.

Ready to Transform Your Report Writing?

Automwrite is setting a new standard for suitability report writing software. By significantly reducing the time spent on documentation, it enables firms to focus on building client relationships, scaling their business, and increasing profitability. If you are ready to automate your reporting process while maintaining a compliant and personalised solution, try Automwrite today and experience the difference first-hand.