Thinking of Changing Licensee? Here’s What You Need to Know

🔍 How is IIP different from other licensees?

At IIP, we take a pragmatic, adviser-first approach. We want to support you in delivering quality advice that’s also compliant—but without layers of bureaucracy or unrealistic expectations.

Our compliance philosophy is simple: meet your legal obligations, protect your clients’ interests, and do it in a way that’s practical and scalable.s.

💰 What is your fee structure?

We operate on a flat-fee model, starting from $22,000 per adviser, per annum.

Additional costs are passed through at cost to you, including:

• PI Insurance

• Kaplan Ontrack (CPD tracking)

• ASIC Levy and CSLR Levy

• iComply2 (for AI compliance tools, revenue management, document management & workflows)

You can view the full breakdown on our pricing page

🧾 Do I need to issue an SOA for every client in the first year?

No, there is no such thing as a “foundation SOA.” Advice should always be given in the client’s best interest—not to satisfy arbitrary licensee rules.

However, whether you can rely on an ROA or must issue a new SOA will depend on who the 'providing entity' was under your current licensee. If you were the authorised representative and the providing entity, you can generally continue with an ROA—assuming you hold a copy of the original SOA on file.

More info is available via ASIC’s FAQ on ROAs.

🔎 How does your adviser monitoring program work?

All Statements of Advice are pre-vetted before being presented to clients.

While this might seem conservative, we see it as a value-add service—not only helping you stay compliant, but also improving the clarity and quality of advice provided to clients.

SOAs are vetted using our AI powered Statement of Advice Review Agent, SARA.

📋 What’s on your Approved Product List (APL)?

We don’t issue financial products, nor do we have preferred platforms.

Our APL is broad and flexible. We allow advisers to use solutions that genuinely suit their clients, with a few quality guardrails:

Most of our advisers use a mix of retail wraps, industry funds, and mainstream insurers.

🛠 What software do you use?

You can choose your primary advice software. We support advisers using:

• Xplan is our primary advice CRM. However, if you use another CRM (e.g. AdviserLogic, Dash, Worksorted), that’s no problem—we’re flexible.

• iComply2, which manages:

  • Compliance

  • Revenue

  • Workflows

  • SOA vetting (via SARA AI)

  • It also has a built in CRM and online fact find tool.

💸 Are there costs to switch?

• We do not charge onboarding fees

• If you’re migrating data from your current Xplan site, Iress will quote a data migration fee

• Your current licensee may charge an exit fee—please check with them directly

We assist with all admin and tech to ensure a smooth, low-friction transition.

🔄 What does the switching process look like?

1. Book a meeting to see if our values and expectations align: Schedule a Chat

2. Consent to information sharing so we can contact your current licensee and collect background checks.

3. We liaise with your current licensee to manage offboarding, including compliance handover and Xplan data migration (where applicable).

We provide hands-on help with every step.

💬 What do advisers say about working with IIP?

Here’s what we hear most often:

"IIP is easy to work with. They’ve put in place the tools and systems that help me stay compliant and focused on client outcomes."

"They’re a licensee that gets it—compliance without the corporate nonsense."

✅ Final Thoughts

If you’re looking for a licensee that values quality advice, operates on a flat-fee model, and provides scalable tech support without the fluff—we’d love to have a chat.

Hit the button below to start the conversation:
👉 Schedule a Meeting