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Planning software

WealthTrace

Retirement and financial planning software for advisors that models taxes, RMDs and Social Security.

Made by WealthTrace Visit WealthTrace's website
Starting priceFrom $1,049/advisor/yr
One person: about $87.42 a month (our sum)
Checked on the vendor's site · Oct 6
Price on their own siteYes
Firm sizeNot assessed yet
Connections listed1 connectionYodlee. Source and date for each below.
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What their website looks like

Screenshot of WealthTrace's homepage
WealthTrace's homepage, as it appeared on Oct 6. Screenshot of the public page, taken by AdvisorShelf. Visit the page. Screens of the product itself come from the vendor once it claims this profile.

Pricing

PlanPriceBilling
Solo Advisor: One Advisor $1,049/advisor/yr
per advisor, per year
 Billed annually ($315 if billed quarterly)
Solo Advisor: One Advisor and One Administrative Assistant $1,500/advisor/yr
per advisor, per year
 Billed annually ($425 if billed quarterly)
Covers one advisor plus one administrative assistant.
Advisor Team License $1,049/advisor/yr
per advisor, per year
Then $750/advisor/yr for each extra user
 Annual only
For firms with more than one advisor: $1,049 for the first advisor and $750 for each additional advisor; one login for the team plus one assistant or admin.

Add-ons per year (solo licenses; quarterly prices also shown): Third Party Integrations $295; Yodlee importing and linking $395; custom user image on cover page $130; auto-populate a plan from the online fact finder $195. For the team license, Yodlee is 'Contact Us' and the fact-finder add-on is $195 for the first advisor and $146 for each additional advisor.

Source: WealthTrace Advisor Pricing page. Checked on the vendor's site, Oct 6.

Where WealthTrace sits on price

WealthTraceOther planning tools

Cheapest plan for one person, per month (our sum from each price page). 10 of 17 planning tools have a US-dollar price we can put per person.

MaxiFi PRO$49.92/moScenariosX$83.33/moWealthTrace$87.42/moMoneytree$99.58/moRightCapital$149.95/moVoyant$150/moIncome Lab$165.83/moMoneyGuide$166.67/moFinDash$239.20/moWealthTec Suite$291.25/mo

Price changes

No price changes recorded yet. We last checked on Oct 6.

What it connects to

At a glance: which way data moves

Data inData outTwo-way

Data comes in from

Yodlee
WealthTrace1 connection listed

Data goes out to

Nothing the vendor says it sends out

No custodian, CRM or planning connection found

We didn't find one on the pages of WealthTrace's site we read. The other software it connects to is listed below.

Other software it connects to

Portfolio, reporting, email, calendar and similar tools WealthTrace lists.

Yodlee
Checked on the vendor's site
  • Data in: account data imported and linked through Yodlee, a paid add-on
Source: WealthTrace advisor pricing (add-on). Checked Oct 6.
Connection cost: Yodlee importing and linking is an add-on: $395 a year (or $99 a quarter) on the Solo Advisor licences. The page also lists a separate $295-a-year Third Party Integrations item and doesn't say whether Yodlee needs it.
Checked on the vendor's site · Oct 6WealthTrace advisor pricing page
With it: Solo Advisor: One Advisor plan $87.42 + connection $32.92 = about $120.33 a month for one person (our sum).

Moving to WealthTrace from another tool

What WealthTrace's own site says it brings across from the tool you use now. This is a one-off move when you switch, not a connection that keeps data in step, so it isn't counted with the connections above.

We didn't find it on the WealthTrace pages we read

We looked on Oct 8. Before you sign, ask WealthTrace which tools they import from, what comes across (contacts, notes, documents, history), who does the work, and whether it costs extra.

Leaving later

Email support with your username to stop auto-renewal; the subscription stays active to the period's end.
Checked on the vendor's site · Oct 6

Source: WealthTrace Knowledge Center: Canceling Your WealthTrace Account

Fits best if

Our judgement

We haven't assessed fit for WealthTrace yet.

We judge fit against written criteria (team size, custodian, workflow needs), never against who pays us.

Similar tools

Compare WealthTrace with another tool

Same category (firm size not assessed yet), cheapest for one person first. Paying vendors are never moved up.

MaxiFi PRO
From $599/advisor/yr
Checked on the vendor's site · Oct 6
No CRM or custodian connection listed
View profile
ScenariosX
From $1,000/login/yr
Checked on the vendor's site · Oct 6
No CRM or custodian connection listed
View profile
Moneytree
From $1,195/user/yr
Checked on the vendor's site · Oct 6
Salesforce Financial Services Cloud · Data link, direction not stated checkedSchwab · Data in checkedRedtail · Data in checkedWealthbox · Data in checked
View profile
RightCapital
From $149.95/advisor/mo
Checked on the vendor's site · Oct 6
Redtail · Data in and out + single sign-on checkedSmartOffice · Data in checkedWealthbox · Data in and out + single sign-on checkedAltruist · Data in checkedApex Fintech Solutions · Data in checkedand 13 more on the profile
View profile

Corrections

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