The Financial Advisor's Guide
Holistiplan, FP Alpha, & RightCapital Tax
As tax planning becomes increasingly central to comprehensive financial advice, having the right software partner will be essential for operational efficiency and client satisfaction.
This comprehensive comparison examines the three leading solutions available to RIAs: Holistiplan, FP Alpha Tax, and RightCapital Tax Analyzer.
About reframeRIA
At reframeRIA, we help emerging RIA practices ($25M-$500M AUM) select, implement, and optimize the right technology stack for their unique needs. We're vendor-neutral consultants — we don't get paid to push a particular tax planning software. We get paid to help you find the solution that actually works for your team.
Ready to make the right decision? Let's talk about your specific needs and help you avoid costly mistakes.
Bottom Line Up Front
Tax planning software adoption among financial advisors has surged in recent years representing one of the fastest-growing technology categories in the advisor space. This growth is driven by client demand especially among high-net worth clientele, increased tax planning services justifying advisory fees in a competitive landscape, and technology advances enabling faster and more accessible tax analysis.
Holistiplan
Specialist tax-first tool built for advisors and CPAs with deep tax return parsing (OCR), scenario modeling, and CRM integrations. Good for firms that want a dedicated tax planning engine and tax-centric, client-facing reports.
Choose If
You want the proven market leader with highest user satisfaction
Speed and ease of use are top priorities
You need estate planning and insurance analysis in addition to tax
Budget allows for premium pricing
You want a dedicated tool that excels at one thing
FP Alpha
AI-driven advanced planning platform that reads tax returns and legal docs, surfaces insights and multi-strategy comparisons; now available as a standalone tax product for advisors offering advanced planning. Strong for firms wanting AI document ingestion and advanced strategy comparisons.
Choose If
You prioritize AI-powered insights and recommendations
Cost efficiency is important
You want flexibility to add estate and insurance modules later
You value holistic client data integration
RightCapital Tax
Mainstream financial planning platform with built-in tax estimate & solver features (one-click scenario solver, tax strategies like Roth conversions, asset location). Best for firms that already use RightCapital for cash-flow and retirement planning and want integrated, “good enough” tax strategy visuals.
Choose If
You already use or plan to use RightCapital for financial planning
You want seamless integration between tax and retirement planning
You prefer all-in-one platforms over multiple standalone tools
Subscription pricing works better than per-case costs
You want one-click tax strategy optimization
Increasing Competition - Nitrogen AI Tax Center
Nitrogen's entry into tax planning represents the growing convergence of advisor technology categories. By embedding tax analysis within its client meeting and proposal platform, Nitrogen is betting that advisors prefer integrated solutions over standalone tax tools. The success of this approach will depend on whether the tax features can match the depth and sophistication of dedicated tax planning platforms while leveraging the convenience of an all-in-one system.
Emerging RIA
Building Foundation
Recommended Approach
Start with FP Alpha Tax or RightCapital Tax Analyzer
Emerging firms benefit from cost-effective solutions that integrate well with existing planning workflows. FP Alpha Tax offers AI-powered insights at lower costs, while RightCapital provides value if comprehensive planning software is needed. Consider Nitrogen's AI Tax Center if already using their platform.
Growing RIA
Scaling Operations
Recommended Approach
Holistiplan or comprehensive FP Alpha suite
Growing firms can justify premium pricing for best-in-class solutions. Holistiplan offers the most refined experience for dedicated tax planning, while FP Alpha's full suite (tax, estate, insurance) provides comprehensive advanced planning capabilities. Scale considerations make subscription models attractive.
Established RIA
Enterprise Excellence
Recommended Approach
Implement enterprise solutions with full feature sets
Established firms should prioritize proven solutions with robust support and enterprise features. Holistiplan offers the most mature platform with highest satisfaction ratings. RightCapital provides enterprise-level financial planning with embedded tax. FP Alpha's enterprise features support multi-office operations.
Overview
Holistiplan
The Market Leader
PROS
- Advanced OCR: Processes 100+ page returns in under 60 seconds
- White-Labeled Reports: Fully customizable client deliverables with firm branding
- Comprehensive Suite: Includes tax, estate planning, and insurance review modules
- Scenario Modeling: Test Roth conversions, withdrawals, and charitable strategies
- Tax Snapshot Tool: Visual breakdown of income, AGI, deductions, and marginal rates
CONS
- Recent Price Increase: Costs nearly doubled for many users
- Limited AI Features: No advanced AI-powered recommendation engine
- Standalone Platform: Requires separate integration with planning software
- Manual Testing: Scenarios require advisor to manually configure parameters
- No Real-Time Sync: Cannot automatically pull updated client financial data
FP Alpha Tax
AI-Powered Innovation
PROS
- NextGen AI Insights: Machine learning generates personalized tax recommendations
- Holistic Data Analysis: Integrates demographics, income, assets for deeper context
- Tax Wrap Feature: Year-end summary of all taxable events for CPAs
- 16-Point Tax Snapshot: Covers MAGI, Roth, QBI, Medicare premiums, and more
- Multi-Module Platform: Can add estate and insurance analysis as needed
CONS
- Recently Unbundled: Standalone offering only launched January 2025
- AI Interpretation: Recommendations may require advisor validation and context
- Per-Case Pricing: Variable costs ($13-15/case) can be harder to budget
- Module Dependencies: Full value realized when using multiple FP Alpha tools
- Shorter Track Record: Less established user base for tax-only product
RightCapital Tax Analyzer
Integrated Planning Solution
PROS
- Seamless Integration: Tax data auto-populates into retirement and cash flow plans
- One-Click Optimization: Automated withdrawal, Roth, and asset location strategies
- Multi-Year Projections: Federal and state tax modeling across planning horizon
- Visual Comparisons: Side-by-side scenario analysis with detailed charts
- Client Portal Access: Secure sharing through existing RightCapital interface
CONS
- Platform Requirement: Only available with Premium ($1,800/yr) or Platinum tiers
- New Product Launch: Introduced in 2025 with limited field testing
- Embedded Feature: Cannot be purchased or used as standalone tool
- Learning Ecosystem: Requires mastery of full RightCapital platform
- Limited Depth: May lack specialized features of dedicated tax tools
Deep Dive
Holistiplan
Overview
Holistiplan is the category pioneer and market leader in tax planning software for financial advisors. Launched in 2019, it has achieved remarkable adoption with over 30,000 subscribers nationwide and has been ranked the number one tax planning software for five consecutive years in both the T3/Inside Information Survey and Kitces Report Studies.
Key Features
Advanced OCR Technology: Scans and analyzes tax returns in under 60 seconds
White-Labeled Reports: Professional, client-ready deliverables with firm branding
Tax Snapshot: Visual breakdown of income sources, AGI, deductions, and marginal rates
Scenario Modeling: Test Roth conversions, tax-efficient withdrawals, charitable giving, and more
Estate Planning Module: Document extraction for wills, trusts, and powers of attorney
Insurance Review: Analysis of home, auto, and umbrella policies
Best Use Cases
RIA firms seeking a dedicated, best-in-class tax planning solution
Advisors who want to scale tax planning across their entire client base
Practices prioritizing ease of use and speed of analysis
Firms looking to differentiate with comprehensive tax and estate services
Pricing Considerations
Holistiplan recently implemented a significant price restructuring that nearly doubled costs for many users. While specific pricing tiers are not publicly disclosed, this increase has prompted advisors to evaluate alternative solutions. The platform continues to offer a 7-day free trial, and discounts are available through partnerships with organizations like NAPFA, ACP, and Garrett Planning Network.
FP Alpha Tax
Overview
FP Alpha Tax is an AI-powered tax planning solution from FP Alpha, a comprehensive advanced planning platform founded by Andrew Altfest, CFP. Initially offered only as part of a bundled suite, FP Alpha Tax became available as a standalone product in January 2025, positioned as a more affordable alternative to Holistiplan while leveraging cutting-edge AI technology.
Key Features
NextGen Tax Insights: AI-driven analysis that goes beyond traditional tax return review
Holistic Data Approach: Incorporates demographics, income, assets, and financial details for deeper insights
Tax Snapshot: Instant summary covering 16 key tax areas including MAGI tiers, Roth analysis, and QBI
Scenario Projections: Model tax impacts of various strategies with detailed comparisons
Tax Wrap Feature: Year-end summary of all key taxable events for client tax preparers
Legislative Updates: Rapid response to tax law changes with educational resources
Best Use Cases
Advisors seeking AI-powered insights and recommendations
Firms wanting a more affordable standalone tax solution
Practices interested in the full FP Alpha ecosystem (tax, estate, insurance)
Advisors who value holistic client data integration
Pricing Considerations
FP Alpha Tax is positioned as a lower-cost alternative to Holistiplan. Specific pricing varies based on the number of cases processed, with tax analysis ranging from approximately $13-15 per case. The standalone tax product allows advisors to access tax planning capabilities without committing to the full platform, which also includes estate ($179 per case) and insurance ($58 per case) modules. Package pricing offers additional savings for firms using multiple modules.
RightCapital Tax Analyzer
Overview
RightCapital Tax Analyzer represents a different approach to tax planning by embedding tax return extraction and analysis directly within a comprehensive financial planning platform. Launched in early 2025, it's bundled with RightCapital's Premium and Platinum subscriptions, making it an attractive option for advisors who already use or are considering RightCapital for financial planning.
Key Features
Advanced OCR Technology: Reads and populates tax forms in seconds
Integrated Planning: Tax data flows directly into retirement and financial plans
Tax Strategies Module: One-click optimization of withdrawal, Roth conversion, and asset location strategies
Scenario Comparison: Visual side-by-side analysis of alternative tax strategies
Tax Projections: Multi-year federal and state tax modeling
Client Portal Integration: Secure sharing and collaboration through RightCapital's existing portal
Best Use Cases
Existing RightCapital users wanting to add tax capabilities
Advisors seeking an all-in-one planning and tax solution
Firms prioritizing tight integration between tax and retirement planning
Practices wanting to simplify their tech stack with fewer standalone tools
Pricing Considerations
RightCapital Tax Analyzer is included with Premium ($1,800/year per user) and Platinum (custom pricing) subscriptions. This makes it highly cost-effective for advisors who are already using or planning to use RightCapital for comprehensive financial planning. Basic subscriptions start at $1,500/year but do not include the tax analyzer. The pricing model is subscription-based rather than per-case, which may be advantageous for firms with many clients.
Nitrogen AI Tax Center - Emerging Competitor
Overview
Nitrogen (formerly Riskalyze) announced its AI Tax Center in October 2025 as part of its Fall 2025 product release. This represents a significant expansion for Nitrogen, which has been primarily known for risk tolerance assessment and proposal generation. The AI Tax Center launched in November 2025 with competitive pricing aimed at disrupting the established market.
Key Features
Tax Snapshot: Client-ready visualization of Form 1040 with key data points
AI Insights: Organizes and highlights important tax data for client discussions
Client-Facing Design: Built for visual presentation during advisor meetings
Platform Integration: Works within Nitrogen's existing meeting and proposal workflow
Meeting Preparation: Coordinates with Nitrogen's AI Meeting Center for comprehensive prep
Pricing and Availability
The AI Tax Center launched in November 2025 at $99 per month, with preorder pricing of $79 per month. This aggressive pricing strategy positions Nitrogen as a value alternative to established players. The tax module integrates with Nitrogen's broader platform including risk assessment, investment research, and proposal generation.
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