Holistiplan In The News

Please send any press inquiries to info@holistiplan.com

Toward Normative Standards in the Advice Profession

July 28, 2020

Kevin Lozer and Roger Pine discuss Holistiplan with Bob Veres of Advisor Perspectives and how they tap into their clients’ knowledge base to help improve their software. According to Veres, Normative standards can be broadly defined as a consensus among givers of advice on what advice or service best suits a particular set of circumstances. Unlike most other professions, those standards don’t exist among financial planners. That may soon change.

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Ron Carson: A Huge Rival Will Challenge Advisors

June 12, 2020

When Steve Garmhausen of Barron’s asked Ron Carson to name a future wealth tech on the cusp of development that he is excited about, Carson said this about Holistiplan, “We are building into our ecosystem today some tax analysis software; it doesn’t sound exciting until you see that it actually scans clients’ tax returns and comes back in a matter of seconds with very specific things that can be done for their benefit.”

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Notes From The Publisher 06/09/2020

June 9, 2020

Roundup of top stories in Financial Advisor Magazine from publisher Cindy Taylor, mentioning article in which readers learned that Holistiplan has launched a new subscription-based tool - Solve For Max, to look “across an end-client’s taxes to determine where additional income may be taken.”

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Holistiplan Introduces Automated Tax Optimization Feature

May 28, 2020

With tax season stretching at least to July 15 this year and new rules and regulations governing retirement account withdrawals and taxation, Holistiplan has rolled out a new planning tool that can help advisors more easily optimize their client’s tax planning. The new tool, Solve For Max, looks across an end-client’s taxes to determine where additional income may be taken. “2020 is going to be a unique income year for a lot of people,” said Roger Pine, co-founder of Holistiplan. “We also see a lot of people looking at the income question when they’re trying to help clients efficiently draw down assets, seeking opportunities to bring income forward through moves like contributions to donor-advised funds.”

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The Need for Planning—Not Just Advice—Is Clear. Where does a comprehensive financial plan start?

April 28, 2020

Financial advisers say the coronavirus pandemic has exposed the need for creating a comprehensive financial plan as opposed to receiving ad hoc advice. While many advisers do not address tax issues, Holistiplan has created software that enables advisers to go over their clients’ tax situations, says Kevin Lozer, co-founder of Holistiplan. “Within seconds, it produces a white-labeled tax report that advisers can review with their clients to have a meaningful conversation about their tax situation,” Lozer says. “In turn, that helps drive some of their investment decisions.”

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Holistiplan Rolls Out New Feature for Optimizing Tax Brackets; With the "Solve for Max" feature, advisors can more easily find a client’s optimal tax bracket.

April 15, 2020

Digital tax return review and planning startup Holistiplan has rolled out a new feature, called “Solve for Max,” that helps advisors find the upper limit on a client’s tax bracket. “Specifically, advisors seek to raise or lower an income number so the client ends up just under the limit of a given tax bracket,” said Roger Pine, co-founder of the tech company. “With ‘Solve For Max’ (now officially out of beta), it’s now easy to find the optimal bracket. And that includes those ‘hidden’ brackets that come from things like medical deduction AGI floors, Net Investment Income Taxes, and Social Security taxation rules.”

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Holistiplan Helps Financial Advisors Reassure Clients and Find Planning Opportunities

April 15, 2020

No matter what happens with the pandemic and the markets, taxes will be due this year, next year, every year. Providing insights on tax strategies could be especially helpful for financial planners and their clients right now. With the advent of Holistiplan, a new kind of tax planning software for advisors, built to systematize and automate the process of reviewing a client's tax return to find the potential planning opportunities, advisors can focus more on advising their clients, not inputting data and crunching numbers the old-fashioned way.

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Reviewing Tax Returns Can Help Financial Advisors Reassure Clients and Find Planning Opportunities

April 13, 2020

Providing insights on tax strategies could be especially helpful for financial planners and their clients right now. No matter what happens with the pandemic and the markets, taxes will be due this year, next year, every year. Reviewing tax returns and providing advice on related planning opportunities can set you apart from the competition. And the good news is that you, as a professional financial advisor, don’t have to become an expert in every little bit of the new and ever-evolving tax code. Nor do you have to maintain a spreadsheet of your own. Now, with the advent of Holistiplan, you can focus more on advising your clients and reassuring them that you are watching out for them, not inputting data and crunching numbers the old-fashioned way.

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The latest in financial adviser fintech — March 2020

March 30, 2020

Michael Kitces covers the latest in financial advisor technology after attending the T3 Technology Tools for Today conference in San Diego, February 2020. Kitces says a new generation of Artificial Intelligence tools are emerging: rules-based Expert Systems, which aren’t fully “artificial intelligence” – in that they don’t actually learn from the data presented, and instead simply apply a complex series of if-then statements and decision rules to navigate the information. He talks about Holistiplan with respect to scanning tax returns to identify planning opportunities.

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Holistiplan Reorganizes Clients By Households; The tax return review tool is officially receiving 2019 tax return uploads, as well as announcing new tools to support income- and capital gains-based advice.

March 11, 2020

Digital tax return review and planning tool Holistiplan is officially supporting 2019 tax return uploads, it said in an emailed announcement. The firm also announced support for organizing client tax returns by household, as of Feb. 29, a change that will result in a number of expected improvements in the coming months.

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T3 2020 Advisor Conference in San Diego

Feb. 18, 2020

Kevin Lozer discusses Holistiplan's launch, as well as some of the benefits of the new tax planning software, at the T3 2020 Advisor Conference in San Diego.

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How the fintech revolution is transforming your financial adviser; Financial technology tools help planners to be more effective and efficient

Jan. 6, 2020

Financial advisers are constantly pelted with offers to try new “fintech” products. These tools promise to help planners with everything from assessing risk to educating clients to rebalancing portfolios. Some come with hefty price tags or steep learning curves; others are inexpensive and easy to use with plug-and-play accessibility. The challenge is sifting through all the offerings to determine which ones merit serious consideration. The XY Planning Network, a membership organization of fee-only planners who target Gen X and Gen Y clients, has held an annual fintech competition for the past four years. There were six finalists in 2019, including Holistiplan, a startup that beat the other five to win the award.

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Robo Tax Planning

Nov. 1, 2019

Co-Founders Kevin Lozer and Roger Pine discuss the origins of Holistiplan with Bob Veres of Inside Information. Main takeaways of the article are that Holistiplan not only automatically populates from a client’s tax form PDF; it scans the data for planning opportunities and observations, and then lets you do projections in real time.

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Holistiplan Announces Revamped Pricing, New Features; Holistiplan's planned improvements include support for ACA subsidy calculations and AMT.

Oct. 31, 2019

Digital tax return review and planning tool Holistiplan will be offering new pricing tiers beginning November 11, the firm revealed in an announcement. Alongside revamped pricing, the firm plans to add a number of new features, including support for Alternative Minimum Tax features, over the next month. Founded by Roger Pine and Kevin Lozer, Holistiplan won XY Planning Network’s 2019 fintech competition last month.

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Nuts and Bolts of Reviewing the Tax Return and How Tax Review Software Helps

Oct. 21, 2019

Last week, we discussed the need to review your clients’ tax returns and introduced the award- winning Holistiplan tax review software that does so much of the work for you. Today we dig into the details of this service, how the software assists you, and how the review can most benefit your clients.

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Michael Kitces' #FASuccess Podcast: Roger Pine on the Blurring Line Between CPAs and Financial Advisors

Oct. 10, 2019

Roger Pine is the co-founder of Holistiplan, a new kind of tax planning software for advisors built to systematize and automate the process of reviewing a client’s tax return to find the potential planning opportunities. Pine describes the dynamics of trying to balance providing tax guidance and not unwittingly competing against potential CPA referral sources in a podcast with Michael Kitces.

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#FASuccess Ep 145: Systematizing Reviews Of Client Tax Returns By Building Software To Automate Them, with Roger Pine

Oct. 8, 2019

In this episode, we talk in-depth about the Holistiplan software that Roger developed. From leveraging optical character recognition to scan all the relevant information from an entire tax return PDF in just seconds, to converting that information into relevant tax observations about the client’s tax bracket, phased-out deductions or tax credits, and the eligibility for tax preference contributions to retirement accounts, to the forward-looking tax planning tools that Holistiplan is now building to identify the client’s true marginal tax bracket, taking into account all the phase-ins and phase-outs to make better forward-looking tax recommendations.

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Holistiplan Named Winner of XY Planning Network's Fourth Annual Advisor FinTech Competition

Sept. 24, 2019

XY Planning Network, the leading turnkey financial planning platform for fee-only financial advisors, is excited to announce that Holistiplan has won the organization's fourth annual Advisor FinTech Competition. Holistiplan, a tax planning software solution, was recognized for its automated review of 2018 tax returns, providing client-ready reports that identify financial planning opportunities.

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Advisor tech shifts focus to next-gen clients

Sept. 20, 2019

Advisor tech tools are increasingly reflecting the demands of the next generation of clients. At XY Planning Network’s fourth annual FinTech competition, half of the finalists — Holistiplan, College Aid Pro and Knudge — focused on college planning, client accountability and aiding tax returns. Holistiplan won the competition. The technology reads tax returns and provides advisors with a two-page client-ready report that includes helpful metrics and potential planning observations.

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XYPN FinTech Competition: Bionic Tax Planning Takes First; Turning client tax returns into a planning opportunity shouldn't be difficult, say co-founders of Holistiplan.

Sept. 11, 2019

Digital tax return review and planning tool Holistiplan took first place at XY Planning Network’s fintech competition in St. Louis, as company co-founders Roger Pine and Kevin Lozer presented before a panel of three judges and a standing-room-only crowd of conference attendees. XY Planning Network co-founder Michael Kitces, FPPad’s Bill Winterberg and Snappy Kraken co-founder Robert Sofia were judges.

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XY Planning Network Announces Finalists for its 4th Annual Advisor FinTech Competition; Six finalists will present their products on September 10th at #XYPNLIVE in St. Louis, MO

Aug. 27, 2019

XY Planning Network (XYPN) announced today that six finalists have been selected to compete in its 4th annual FinTech Competition on Tuesday, September 10, 2019 during XYPN's annual conference, #XYPNLIVE in St. Louis, Missouri. XYPN's FinTech Competition provides start-up advisor technology firms focused on improving the delivery of financial planning services to Gen X and/or Gen Y clients with a venue to showcase their innovative solutions to the financial advisory industry. This year's competition, which drew nearly 30 company submissions, is sponsored by the 2016 FinTech Competition winner, Snappy Kraken. Holistiplan was listed as one of six finalists.

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XYPN Announces Fintech Finalists: The six finalists present their products before a panel of judges next month.

Aug. 27, 2019

XY Planning Network announced finalists for its upcoming advisor-focused fintech competition scheduled for next month. The six hopefuls are unified by their goal of helping advisors and their clients—and not much more. The mix of firms provide services ranging from specialized financial planning to survey assistance to managing college tuition payments. Designed by two CFPs, Holistiplan aims to use software to turn uploads of client tax returns into a two-page report with “helpful metrics and potential planning observations,” according to a review of the finalists. Advisors can use 2018 tax data to run tax scenarios for future years.

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