Altruist Includes Tax Planning on AI Platform for Advisers

Altruist Corp., which provides a wealth platform for independent advisers, announced Friday the debut of tax-planning features on Hazel, its artificial intelligence-powered platform for advisers. The platform can create “fully personalized tax strategies” by reading and interpreting data from clients’ Form 1040, paystubs, account statements, meeting notes, emails, and custodial and customer relationship management tools, according to the announcement.

Hazel also includes interactive scenario modeling that can provide projected tax outcomes of clients’ life events, including retirement transition, home sales or family lifestyle changes. Projections can be updated in real time, and advisers can export finished reports.

“Tax planning is one of the most powerful ways advisers can improve outcomes, but it’s also slow and mentally draining, especially in the busy tax season,” said Jason Wenk, Altruist’s founder and CEO, in a statement. “Hazel … expands what a single adviser can handle, raises the bar on outcomes and makes average advice a lot harder to justify.”

According to Altruist’s announcement, Hazel’s tax planning features have “zero data retention” of customer information, and the data will not train AI models.

The tax planning is first in a series of “expanded planning solutions” for the Hazel platform, which launched in September 2025 and is used by more than 1,000 wealth managers.