Holistiplan: Transforming Tax & Estate Planning for Firms

Holistiplan: The Future of Tax and Financial Planning Software

Holistiplan is a fast-growing financial planning software that has quickly become a vital tool for financial advisors and CPAs. Launched in 2019, the company now counts over 30,000 subscribers nationwide. Designed with a focus on tax, insurance, and estate planning, Holistiplan leverages advanced automation and Optical Character Recognition (OCR) technology to streamline the tax return analysis process.

This powerful automation not only reduces the tedious nature of manual data entry but also frees up advisors to focus on higher-value tasks and strategic decision-making.

This article delves into the features, pricing, integrations, and industry reputation of Holistiplan, highlighting how its comprehensive suite of tools is reshaping financial planning.

Company Overview

Holistiplan was founded by two CFP® professionals who recognized the challenges that advisors face in managing tax planning. Their vision was to create a solution that was both efficient and accurate, ultimately transforming how tax planning is conducted.

Over the years, Holistiplan has garnered significant industry recognition and earned several awards, including:

• Kitces Report Studies: Ranked as the #1 tax planning software for three consecutive years (2021, 2022, and 2023).
• XYPN Fintech Competition Winner: Honored in 2019, underscoring its innovative approach.
• Industry Disruptor Award Winner: Recognized in 2024 as a company capable of reshaping tax planning.

Product Offerings

Holistiplan provides a robust set of tools aimed at making tax and financial planning more efficient and client-friendly.

Tax Planning Software

Holistiplan’s flagship tax planning capabilities are centered around its advanced OCR technology, which allows for:

• Rapid Tax Return Analysis: Advisors can quickly upload federal tax returns for automated analysis. The OCR technology efficiently extracts and processes data, significantly reducing manual data entry.
• Tax Bracket and Scenario Analysis: The software enables advisors to perform detailed tax bracket analyses and model various tax scenarios. This feature helps in identifying potential tax planning opportunities, making it easier for advisors to optimize clients’ financial strategies.
• Custom Tax Reporting: The platform produces clear, client-friendly reports that outline key tax insights and strategies. These reports are designed to facilitate productive discussions with clients about their tax situation and planning options.
• Roth Conversion Analysis: One of the standout features is its ability to analyze and model Roth conversion opportunities, aiding in long-term tax planning and retirement strategies.

Scenario Analysis & Cash Flow Visualization

Beyond basic tax planning, Holistiplan offers advanced tools that enhance the planning process:

• Scenario Analysis: Advisors can simulate various tax and income scenarios to understand different potential outcomes. Although some users have noted that this feature may not be as advanced as competing products, it still plays a crucial role in strategic financial planning.
• Cash Flow Visualizer: This tool provides a clear, visual representation of a client’s cash flow, allowing advisors to identify potential financial improvements and make better-informed decisions.
• Automated Tax Preparation Letters: To support effective communication, the software automatically generates tax preparation letters, ensuring that clients are consistently updated on their tax status and upcoming requirements.

Insurance and Estate Planning Tools

In addition to tax planning, Holistiplan is expanding its suite to include:

• Insurance Planning Tools: These tools assist advisors in analyzing property and casualty insurance coverage. By identifying gaps in coverage, advisors can better manage clients’ risk and ensure adequate protection.
• Estate Planning (In Development): Holistiplan is in the process of developing estate planning tools. These forthcoming features will help advisors efficiently review wills and trusts, keep client plans updated, and visualize asset distribution. This addition is expected to further enhance the holistic approach that Holistiplan is known for.

Key Integrations

Holistiplan has established integrations with several leading tools to streamline workflow and data management:

• CRM Integrations (Redtail & Wealthbox): These integrations allow for seamless transfer and synchronization of client information, eliminating the need for duplicate data entry.
• Asset-Map Integration: This feature enables advisors to import tax planning data directly into Asset-Map, supporting the creation of visual reports and simplifying household data updates.
• PreciseFP Integration: Clients can securely upload their tax returns through PreciseFP, with the data automatically exported to Holistiplan for processing.
• Bento Engine Integration: Through access to a library of compliance-approved content, advisors can provide targeted, milestone-based advice to their clients.

Additional features such as the Client Data Collection Tool, Client Reminders, and Custom Tax Reports further enhance the platform’s overall functionality and user experience.

Pricing & Plans

Holistiplan’s pricing model is designed to scale with the size of an advisor’s client base. The company offers tiered pricing plans based on the number of households managed, with two primary plans:

Basic Tax Plan

• Cost: $1,599 annually for 75 households
• Features Include:
• Federal tax return upload and analysis
• Federal tax scenario analysis and tax bracket insights
• Onboarding and implementation support, along with comprehensive support content and explanation pages
• CRM integration and multi-factor authentication

Premium Tax Plan

• Cost: $1,999 annually for 75 households
• Features Include: All the features of the Basic Tax Plan, plus:
• State tax scenario analysis
• Cash flow visualizer
• Roth analysis for conversion opportunities
• Custom tax reports and automated tax preparation letters
• Client reminders and a client data collection tool

Who Is It For?

Holistiplan is especially well-suited for financial professionals who:

• Focus on Tax Planning: Advisors who prioritize tax optimization find Holistiplan’s detailed analyses and scenario planning particularly beneficial.
• Manage High Client Volumes: The automation features and efficiency gains enable advisors to serve a larger number of clients without sacrificing quality.
• Seek Enhanced Client Communication: With client-friendly reports and visual tools, advisors can better explain complex financial strategies and foster stronger client relationships.
• Are Looking to Differentiate Their Service: The comprehensive and integrated approach provided by Holistiplan helps advisors stand out in a competitive market.

Enhancing the Advisor's Value Proposition

Holistiplan not only streamlines administrative tasks but also empowers advisors to deliver more value to their clients. By automating the analysis of tax returns, providing clear visualizations of cash flow, and generating detailed, client-friendly reports, the software enables advisors to:

• Increase Efficiency: Automation allows advisors to dedicate more time to client engagement and strategic planning.
• Improve Accuracy: Reliable tax projections and scenario analyses help reduce errors and ensure that clients receive sound financial advice.
• Enhance Client Communication: The clear and comprehensive reports help demystify complex tax issues, making it easier for clients to understand their financial situation.
• Practice Proactive Planning: Features like client reminders and seamless integrations with other tools help advisors stay ahead of deadlines and client needs.

Conclusion

Holistiplan has established itself as a premier tax and financial planning software solution by delivering efficiency, accuracy, and a comprehensive suite of tools for advisors. Its award-winning platform, powered by advanced OCR technology and strategic integrations, has transformed how financial advisors approach tax planning and client communication. For financial professionals focused on tax planning and seeking to provide holistic financial advice, Holistiplan represents a compelling, innovative solution that continues to evolve—soon to include enhanced estate planning capabilities.

FAQs

What makes Holistiplan different from other tax planning software?

Holistiplan distinguishes itself with its OCR-powered automation, which dramatically speeds up tax return analysis and reduces manual data entry. Its user-friendly interface and comprehensive, client-friendly reports further set it apart.

How much does Holistiplan cost?

The pricing is structured based on the number of households managed. The Basic Tax Plan starts at $1,599 per year for 75 households, while the Premium Tax Plan is available at $1,999 per year for the same number of households.

Does Holistiplan offer estate planning tools?

Estate planning tools are currently under development. The upcoming features will help advisors review wills and trusts, update estate plans, and visualize asset distribution, complementing the platform’s existing tax and insurance planning capabilities.

What integrations does Holistiplan support?

Holistiplan integrates with major CRM and financial planning tools, including Redtail, Wealthbox, Asset-Map, PreciseFP, and Bento Engine. These integrations help streamline client data management and ensure seamless workflow across platforms.

Who is Holistiplan best suited for?

Holistiplan is ideal for tax-focused financial advisors, CPAs seeking to improve operational efficiency, firms managing high client volumes, and any advisor looking to enhance client communication and overall service quality through clear, data-driven insights.