Hazel

Hazel is an AI-powered platform built specifically for financial advisors. Its core function is to save advisors time and help them find more value for their clients. It does this by analyzing a wide range of client information—including tax returns (1040s), pay stubs, meeting notes, emails, and custodial data—to automatically identify tax-saving opportunities and generate clear, actionable plans. Advisors can use it to break down complex tax situations for clients, run 'what-if' scenarios for events like Roth conversions, and quantify the potential dollar value of their advice.

What makes Hazel stand out is its deep integration into the financial advisory workflow. It's not just a generic chatbot; it's designed to understand financial documents and advisor-specific tasks. The platform includes an 'Admin AI' that handles meeting transcription and summarization, syncing notes directly to your workspace. For advisors who use Altruist as their custodian, Hazel pulls in even more portfolio context, but it also works for advisors using other custodians. The goal is to centralize client insights so an advisor can walk into any meeting fully prepared.

The tool is a clear fit for independent financial advisors and registered investment advisory (RIA) firms looking to modernize their practice. The primary users are professionals who spend significant time on manual client meeting notes, tax analysis, and plan preparation. Real-world use involves uploading a client's 1040 to get an instant breakdown of harvesting opportunities, using the mobile app to record an in-person meeting and get an automated summary, or quickly modeling the tax impact of a client's planned early retirement.