Core Insights - Altruist has launched an AI-powered tax planning feature within its Hazel platform, allowing advisors to create personalized tax strategies by analyzing various financial documents [1][3] - The new feature is available to all advisory firms, regardless of custody arrangements, and is part of a series of expanded planning solutions for the platform [2] - Hazel's tax planning capability automates the conversion of completed client tax returns into client-ready strategies, utilizing Altruist's proprietary tax logic [3] Feature Details - The tax planning tool enables interactive scenario modeling, allowing advisors to explore various "what-if" scenarios with real-time projected tax outcomes [5] - Advisors can export reports generated by Hazel or present findings live to clients, enhancing client engagement [6] - The platform operates under strict zero-data-retention agreements, ensuring customer data is not retained or used for AI model training [6] Market Context - Tax planning is identified as a critical area for advisors to enhance client outcomes, though it is often time-consuming and mentally taxing, especially during tax season [7] - Altruist previously introduced real-time account data access to advisors, further enhancing the platform's capabilities [7]