We’ve put together a list of the most common questions we hear from firms evaluating the FP Alpha platform for accuracy, security, integration, and onboarding. If you don’t see your question below, feel free to reach out to our team.
What Is FP Alpha?
FP Alpha is a financial planning platform built to analyze tax, estate, and insurance documents and surface planning opportunities for advisors. Instead of adapting a general-purpose AI model, FP Alpha was built specifically for financial planning documents, combining automated document analysis with human expert review. The platform is designed to work alongside an advisor’s existing planning technology.
How does FP Alpha approach AI accuracy?
FP Alpha was built specifically for financial planning documents rather than adapted from a general-purpose AI model, trained by 70+ attorneys, CPAs, and CFP® professionals on the specific structure and language of tax returns, trusts, wills, and insurance policies.
Tax return extraction runs at 99.8% accuracy. When the system encounters estate documents that are too ambiguous or complex to review with confidence, it routes the case to a human specialist at no additional charge.
Does FP Alpha include human review?
Yes. More than 70 attorneys, CPAs, and CFP® professionals have helped train FP Alpha’s AI, and estate planning cases that need additional review route to a specialist automatically.
Is FP Alpha secure?
FP Alpha is SOC 2 certified and designed to support firms handling sensitive client financial information. Enterprise buyers can incorporate FP Alpha’s security documentation directly into their own technology and compliance review process.
For firms evaluating vendors as part of a broader security stack, this typically means fewer follow-up questions in due diligence.
Does FP Alpha provide legal or tax advice?
No. FP Alpha surfaces planning data, opportunities, and considerations for the advisor to evaluate. Legal and tax matters continue to be coordinated with the client’s attorney or CPA.
FP Alpha doesn’t replace the professionals a client relies on for financial, legal, or tax decisions; it helps advisors uncover the opportunities in dense documents that enable better conversations.
Does FP Alpha replace existing financial planning software?
No. FP Alpha is designed to complement an advisor’s existing financial planning technology by adding deeper tax, estate, and insurance planning capabilities.
Most firms run FP Alpha alongside their current planning stack. The platform turns tax returns, trust documents, and insurance policies into planning insights without requiring a manual read-through of every page.
What documents can FP Alpha read?
FP Alpha can analyze tax, estate, and insurance planning documents, including tax returns, wills, trusts, powers of attorney, healthcare directives, and multiple types of insurance policies.
Can I start with just one FP Alpha planning area?
Yes. FP Alpha brings tax, estate, and insurance planning together within one ecosystem, while allowing advisors to align adoption with the planning capabilities their practice needs. You can review our modular and all-in-one packages here: https://fpalpha.com/pricing/.
How long does FP Alpha analysis take?
Analysis is designed to happen quickly, with the platform surfacing summaries within minutes. Complex estate planning cases requiring human specialist review are typically returned within an hour.
What does it take to get started with FP Alpha?
FP Alpha is designed to fit into existing advisory workflows rather than requiring firms to rebuild their planning process around a new system. After onboarding and configuration, advisors can begin using the platform with client planning documents and incorporate the outputs into their existing client conversations.
For enterprise and broker-dealer teams, this typically includes a configuration step to align FP Alpha with firm-level compliance and reporting requirements.
How does FP Alpha help advisors demonstrate value to clients?
FP Alpha helps turn complex tax, estate, and insurance information into clearer planning insights and client-facing conversations. The platform takes on the majority of the technical analysis, enabling advisors to spend more time interpreting opportunities, collaborating with other professionals, and guiding clients through decisions.
FP Alpha at-a-glance
- 99.8% tax return extraction accuracy
- 70+ attorneys, CPAs, and CFP® professionals trained the platform’s AI
- Human review included at no additional charge for complex estate cases
- SOC 2 certified
Reach out with additional questions
If you’d like to learn more about the FP Alpha platform or schedule a demo, click below to get in touch with our team.
