Altruist’s Hazel Adds AI-Driven Tax Planning for Advisors

Altruist has rolled out a new tax planning capability inside Hazel, its AI platform, aimed at helping advisors deliver highly customized tax strategies in a fraction of the usual time. The new feature reads and interprets 1040s, paystubs, account statements, meeting notes, emails, and custodial and CRM data, then applies deep tax logic to generate tailored recommendations in minutes.  

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

Hazel also supports interactive scenario modeling, allowing advisors to test “what-if” questions—such as the impact of a bonus, home sale, retirement transition, or lifestyle change—and see projected tax outcomes update in real time. Advisors can export polished reports or walk clients through the analysis live to create a more engaging, transparent planning experience.  

The tax planning module is built with strict data protections: providers are bound by zero data retention agreements and cannot use Altruist or customer data to train models, and Hazel runs on the same secure infrastructure as Altruist. The new capability is available to firms whether they custody with Altruist and is positioned as the first in a broader series of expanded planning solutions planned for the platform. 

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