With so many excellent software platforms offering estate analysis now, it's easy for analysis...
When it comes to estate analysis and visualization, there are many software solutions to consider. Specialized vendors like Luminary are best-in-breed for enterprise advisory firms because they're tailored specifically for servicing high-net-worth (HNW) and ultra-high-net-worth (UNHW) clients. Industry-leading "all-in-one" vendors like Vanilla offer estate analysis as part of their estate planning platform, allowing larger RIAs to cover all the estate planning bases with HNW and UNHW clients. In this guide, we look at two popular vendors: Wealth.com and FP Alpha.
Firms typically use either Wealth or FP Alpha for estate analysis and visualization (note: some firms use Wealth.com or FP Alpha in combination with EncorEstate Plans for estate document creation and trust funding).
If you had to pick one based on your needs, this guide will help you narrow it down to either Wealth.com or FP Alpha based on your specific use cases:
- Wealth's core focus is estate document preparation (source: Kitces.com 2024 Advisor Productivity Survey), while FP Alpha's core focus has been estate plan document extraction, estate analysis, and estate modeling for advisors.
- If you want a platform that does a little bit of everything in estate planning (with the exception of estate funding), then choose Wealth.com. Its broad focus allows advisors to create, manage, analyze, and visualize estate plans, in addition to scenario modeling.
- If you want industry-leading and true best-in-class estate analysis and modeling, then take a closer look at FP Alpha. Their estate analysis, modeling, and visualization capabilities have some of the highest advisor satisfaction ratings in both the Kitces.com 2024 Advisor Productivity Survey (8.3/10) and T3/Inside Information 2025 Advisor Technology Survey (7.87/10).
- Note: These data points are provided to the best of our knowledge and attempt to be fair in our assessment. There will be gaps and analysis that could be up for debate. This information should be validated with each company confirming the services they provide. We welcome feedback if there is information here that is not reflective of another firm's offering. Features continue to change as each firm continues to develop its offerings. This guide is an attempt to help clarify what is available within each platform and highlight the nuances among them
Wealth.com vs. FP Alpha: Features Compared
Both Wealth.com and FP Alpha make great products. Both offer powerful options that help advisors and financial planners better serve their clients' estate needs.
Let's compare their top features :
- Wealth.com vs. FP Alpha: Which is Better According to Advisors?
- Comparison #1: Existing Estate Plan Summary and Analysis
- Comparison #2: Estate Plan Scenario Modeling
- Meet EncorEstate Plans: The Best Alternative to Wealth.com that Advisors Use with FP Alpha
Wealth.com vs. FP Alpha: Which is Better According to Advisors?
When it comes to analyzing a client’s existing estate plan, modeling different financial scenarios, and presenting estate planning flow diagrams, both Wealth.com and FP Alpha excel in their own way:
FP Alpha's industry-leading estate analysis and modeling module empowers advisors to tie everything in their clients' financial plans to their estate plans. FP Alpha approaches estate plan analysis as part of a holistic financial planning process.
Wealth.com's estate analysis and scenario modeling capabilities are part of its "all-in-one" estate planning platform offering, and allow advisors to go deep with estate analysis, modeling, and visualizations (but not nearly as deep as software like Luminary and Vanilla who have more mature estate analysis offerings).
| Estate Planning Software for Advisors | ||
| Advisor Satisfaction Survey | Wealth | FP Alpha |
| 2024 Kitces Advisor Productivity Survey (published April 2025) | 6.7/10* | 8.3/10 |
| 2025 T3/Inside Information Advisor Technology Survey (published March 2025) | 8.24/10 | 7.87/10 |
*Rating was specific to document creation ("estate document prep"), not estate summary nor modeling/analysis capabilities.
Wealth.com's estate planning focus is broad, operating as an all-in-one platform that allows advisors to create, manage, analyze, and visualize estate plans. In contrast, FP Alpha's focus is more specialized, providing best-of-breed estate plan document extraction, estate analysis, and estate modeling for advisors, allowing to drill deep into surfacing helpful insights and estate planning flow diagrams with their clients. Unlike Wealth, FP Alpha is able to update clients' estate planning data and insights into the other facets of clients' lives (e.g., taxes, insurance).
| Estate Planning Software for Advisors | ||
| Estate Planning Software Capability | Wealth | FP Alpha |
| AI-powered estate document extraction | ⚠️ Partial – AI-powered estate plan summary extraction (Ester) converts legal docs into an outline/flowchart. Note: If an existing Trust has amendments, Ester cannot account for them. Wealth will make advisors manually read the amendments and enter the details in manually. |
✅ Yes – AI-powered document ingestion of client estate documents (wills, trusts, and directives) that generates an Estate Snapshot, a summary of key data plus a flowchart showing how assets will pass upon death. |
| Estate plan visualization | ✅ Yes – Generates dynamic flowcharts of estate structures, family trees, and beneficiary flows (e.g., who inherits what, beneficiary designations, trust structures). The visualizations are pretty, too. | ✅ Yes – The platform auto-generates one-page estate summary with flowcharts for different scenarios in its Estate Lab, saving advisors hours versus drawing diagrams manually. |
| Scenario modeling | ✅ Yes – Scenario Builder models tax and distribution outcomes of changes (e.g. gifts, term changes) vs. current plan. Automatically recalculates changes in asset flows and tax results for each scenario, while also showing multiple strategy comparisons (e.g., gifting $5M to a trust). | ✅ Yes – Estate Planning Lab is a sandbox environment where advisors can model alternative estate strategies and instantly visualize potential changes. It automates updated flowcharts and runs real-time calculations of outcomes like estate tax liability under each scenario. |
| Estate tax & gift tax projections | ✅ Yes – Calculates projected estate/gift tax liability under current or proposed plans (built-in estate tax engine). As scenarios are modeled, the tool updates the estimated taxes and even tracks remaining exemption amounts under different strategies | ✅ Yes – Provides automated tax calculations for each scenario while quantifying estate tax implications of proposed strategies. focuses on making these tax implications clear to both advisor and client, although extremely complex tax modeling (e.g., generation-skipping nuances) may still be handled outside the platform if needed. |
| Advanced estate strategy support | ⚠️ Partial – Can model and visualize in-platform advanced trust planning (including GRATs, SLATs, ILITs, and CLATs). Advisors note that for very intricate or customized scenarios, Wealth.com’s modeling might not capture every nuance, and they sometimes rely on external attorneys or tools for those edge cases | ⚠️ Partial – Identifies many planning opportunities, but is less specialized in ultra-advanced estate techniques. FP Alpha can certainly model common strategies like gifting to a trust, basic GRAT-style annuities, or charitable gifts by adjusting inputs, and will show the effects on the estate. But, it is more limited compared to Wealth.com and Vanilla. |
Sources:
Comparison #1: Existing Estate Plan Summary, Analysis, and Visualizations
FP Alpha: The OG of AI-Powered Estate Document Extraction, Processing, and Visualizations
FP Alpha's industry-leading estate analysis and modeling module empowers advisors to implement a holistic financial planning approach (similar to the Encore team, FP Alpha believes no financial plan is complete without an estate plan). The breadth of its ability to extract information from various financial and legal documents, and then quickly flag planning issues, is what makes FP Alpha the leader at estate analysis.
More specifically, FP Alpha's document extraction and processing delivers fully AI-generated estate summaries in minutes for wills, powers of attorney, and revocable living trusts (RLTs), with irrevocable trusts coming soon. FP Alpha then synthesize all of that information into an Estate Snapshot, a report summarizing key components of a client's estate plan and a flowchart of asset distribution upon death.
The Snapshot also highlights major fiduciary roles, beneficiary designations, and any red flags (e.g., a retirement account beneficiary contradicts the trust plan). The tool also flags planning opportunities: FP Alpha will suggest insights like “Consider more efficient gifting to use exemptions” or “Update beneficiary X to avoid assets bypassing the trust”.
Wealth.com: Pretty AI-Powered Estate Plan Summaries and Visuals
Compared to FP Alpha, Wealth's AI-powered estate document extraction module (named Ester without the "h") is more narrowly focused on estate-specific visualizations. Ester performs the same functions as FP Alpha's (advisors can upload estate documents like wills and trusts), and then summarizes and visualizes key information like executors/trustees, beneficiaries, and distribution provisions.
Wealth.com also maps out family members and ownership, illustrating multi-generational wealth transfers (e.g. “wealth transfer scenarios and estate flows across generations” in the plan). All of this is visualized in a beautiful one-page summary for clients, allowing them to quickly understand how their assets will flow to different key people in their estate plan.
Comparison #2: Estate Plan Scenario Modeling
FP Alpha Estate Planning Lab: Solid, But You Might Need More Specialized Software Like Luminary
FP Alpha's estate scenario modeling module (named "Estate Planning Lab") excels at integrating tax analysis with estate scenarios, which is something Wealth.com is not able to do. For example, an advisor can simultaneously consider the income tax impact of selling an asset to fund a trust. For many firms, FP Alpha's holistic capability (estate + tax + insurance analysis all-in-one) outweighs its lack of ultra-granular estate modeling.
FP Alpha's Estate Planning Lab also works well for planning out straightforward “What if” estate scenarios. It'll automatically generate flowcharts for each scenario and calculate estate and gift tax calculations in real-time to show the outcomes of each strategy. It also has a neat feature to identify probate vs. non-probate assets across scenarios, helping advisors discuss how to avoid probate by retitling assets or using trusts.
Unlike Wealth, though, FP Alpha needs workarounds to execute complex and more customized estate scenario modelings, e.g., GRATs with rolling contributions and dynasty trust longevity projections. To overcome these limitations, advisors will sometimes supplement FP Alpha with specialized estate modeling software or spreadsheets.
Meet EncorEstate Plans: The Best Alternative to Wealth.com that Advisors Use with FP Alpha
While Wealth.com has solid estate analysis, modeling, and visualization capabilities, FP Alpha's same offerings are more comprehensive than Wealth's when it comes to holistic planning around taxes, estate, and insurance.
Unlike Wealth.com, FP Alpha doesn't have estate document creation capabilities. But, many advisory firms who use estate analysis software that supports their holistic planning efforts – along with best-in-class customer support and truly white glove service in their estate planning software solution – leverage both FP Alpha and EncorEstate Plans.
Estate Document Creation Flexibility and Customization
In theory, many mass affluent clients have the same (if not similar) needs when it comes to estate planning. But, being able to customize estate documents to adapt them to your clients' needs is crucial, especially when it comes to beneficiaries. One-size-fits-all estate document templates clearly don't fit all!
Human Review of Every Estate Plan Document
Encore's team of estate planners and paralegals takes five business days (using a 60-point review of every estate plan) to comb through each estate plan and ensure everything is correct and accurately reflects your clients' wishes.
EncorEstate will also answer any and all of your questions about estate planning and or your clients' plans over live chat, phone, and or email at no cost (we don't provide legal advice). Encore's unlimited human estate planner support to advisors is why we consistently score the highest advisor satisfaction ratings in industry surveys like Kitces.com AdvisorTech and Advisor Productivity Surveys, and T3/Inside Information Advisor Technology Survey.
And according to a Reddit user on the CFP sub-Reddit, Encore's "Support is unmatched":
Estate Plan Notarization
EncorEstate provides a one-click option in its software platform to request a mobile notary and witnesses to be sent to your client's house for estate document signing.
Trust Funding
EncorEstate's full-service deed prep and recording ensures your clients' trusts are properly funded with their real estate. Encore's Support Team of estate planners and paralegals will pull the last recorded deed, prepare the deed, and prepare all county-specific documents – even if you’re not an Encore customer.
You nor your clients need to go to the assessor's office and or hunt down various forms because Encore will do it all for you and your clients.
FAQs
How valid are these feature comparisons?
We cross-referenced Wealth.com, FP Alpha, and EncorEstate Plans's websites to make sure the latest information was presented here in this comparison of Wealth.com and FP Alpha.
Do advisory firms use either Wealth.com or FP Alpha for estate analysis and a separate tool for estate document preparation?
Yes, many firms use Wealth.com or FP Alpha for estate analysis and modeling while also using EncorEstate Plans for estate document creation and or estate plan funding. Advisors who use EncorEstate Plans tend to prefer the advisor-driven client experience Encore offers through its estate planning platform, whereas those who prefer sending links to their clients to get their estate plans done use Wealth.com
Who are Wealth.com's competitors for estate analysis, scenario modeling, and visualization?
Wealth.com's top competitors for estate analysis include Vanilla, Luminary, and FP Alpha.
Can Wealth.com's Ester AI read amendments in an existing trust?
If an existing Trust has amendments, Ester cannot account for them. Wealth will make advisors manually read the amendments and enter the details into Wealth manually.
What's the best way to evaluate each estate planning platform for advisory firms?
As you read the "feature parade" as part of your evaluation of these tools for you and your firm, make sure to ask these questions during sales demos with Wealth.com, FP Alpha, and EncorEstate Plans:
- How would this tool fit our workflow?
- Can a member of the support team actually help me with my questions before I'm a customer?
- Does it cost me extra to contact support? And is the support staff primarily product support or actual estate planning support?
- Does it actually help me close the estate planning procrastination gap for my clients?
- Can it scale with our operations?
- Will I be able to keep and access my clients' data even when I'm no longer a customer of the tool?
If your answers lean towards making the estate planning experience for your clients not suck, and you want white glove support and estate plan document flexibility and customization along with robust estate analysis, well, you know where to find Encore and FP Alpha 😄
Get a personalized deep-dive of the Encore platform. We're not trying to win a feature checklist – we want you to kick all the estate planning butt.
What's the best way to evaluate the EncorEstate Plans platform?
if you're evaluating estate planning software providers, get a deep-dive demo of EncorEstate.
