Hazel AI

AI-powered tax planning and financial planning platform for advisors from Altruist. Analyzes 1040s, paystubs, and account statements to create personalized tax plans in minutes. Includes Admin AI for meeting prep, research, and compliance-aware assistance.

Overview

Hazel AI (https://hazel.ai) is a tax optimization & planning solution designed specifically for financial advisors, planners, and wealth management professionals. AI tax planning + financial planning from Altruist. Analyzes 1040s, creates plans in minutes. The platform addresses core workflow challenges in tax optimization & planning by combining automation, compliance awareness, and integration with the advisor technology stack.

Market Context

The financial advisory technology landscape has evolved rapidly since 2020. Advisors managing $100M+ in assets typically use 8-12 software tools, creating integration challenges and workflow friction. Hazel AI positions itself as a tax optimization & planning leader by focusing on tax return analysis, Roth conversions, harvesting strategies, multi-year projections, CPA collaboration while maintaining the security and compliance standards required by RIAs, broker-dealers, and hybrid advisors.

Core Functionality

Hazel AI's primary value proposition centers on PDF tax return parsing (1040s), Paystub & statement analysis, Instant tax planning reports. The platform was built to address specific pain points: advisors spend 15-20 hours per week on administrative tasks that could be automated, client reporting consumes significant staff time, and compliance requirements continue to expand. By centralizing tax return analysis, Roth conversions, harvesting strategies, multi-year projections, CPA collaboration, Hazel AI reduces manual work and improves consistency across client engagements.

Key Features Deep Dive

1. PDF tax return parsing (1040s)

PDF tax return parsing (1040s) enables advisors to streamline their tax optimization & planning workflow. This capability is particularly valuable for firms managing 50+ client relationships where standardization and scalability become critical. The feature integrates with Altruist, Microsoft Outlook to maintain data consistency across the tech stack.

2. Paystub & statement analysis

Paystub & statement analysis enables advisors to streamline their tax optimization & planning workflow. This capability is particularly valuable for firms managing 50+ client relationships where standardization and scalability become critical. The feature integrates with Altruist, Microsoft Outlook to maintain data consistency across the tech stack.

3. Instant tax planning reports

Instant tax planning reports enables advisors to streamline their tax optimization & planning workflow. This capability is particularly valuable for firms managing 50+ client relationships where standardization and scalability become critical. The feature integrates with Altruist, Microsoft Outlook to maintain data consistency across the tech stack.

Integrations & Ecosystem

Hazel AI integrates with: Altruist, Microsoft Outlook, Google Workspace, Redtail, Wealthbox, Salesforce. The platform supports Web, Chrome Extension deployment.

Pricing & Access

Pricing: Contact for pricing. The platform targets RIAs, Tax-Focused Advisors, Fee-Only Planners, Altruist Custody Users.

Limitations & Considerations

- New platform (launched 2026) - Pricing not publicly disclosed - Best value for Altruist custody users - Requires compliance review for AI-generated advice - Feature depth may exceed needs of simpler practice models - Data migration from legacy systems requires planning and vendor support

Verdict

Hazel AI brings Altruist's custodial data advantage to AI-powered tax planning, offering a compelling solution for advisors seeking to automate tax return analysis and deliver personalized tax strategies efficiently.