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RazorPlan
What RazorPlan is
RazorPlan is web-based financial planning software for insurance advisors, investment advisors, and financial planners. It helps prepare client plans, projections, and scenario comparisons. Its retirement options analysis addresses attainable spending, retirement age, required return, and savings needs without rebuilding a plan for each question. For decumulation, an optimizer assesses withdrawal order and amounts from accounts and benefits such as CPP/QPP and OAS, supporting retirement income, tax, or estate goals. The software also supports insurance coverage reviews, policy uploads, and modeling advanced insurance strategies. A Leads feature gives prospects a lightweight retirement projection, and branded calculators can be embedded on an advisor’s website using an HTML snippet or unique link. Plans are paid, with a 30-day trial and no free plan. Listed monthly prices are $69 a month for RazorPlan, $99 a month for Advanced, and $149 a month for Decumulation. Enterprise pricing is available by request. Client data is stored on cloud servers in Canada; raw client files cannot be exported, though reports can be printed or saved as PDFs.
Who it suits
RazorPlan is aimed at insurance advisors, investment advisors, and financial planners who prepare client plans and retirement projections. Its scenario, insurance, and decumulation tools also suit advisors evaluating different retirement or estate goals.
What it does well
- Models retirement spending, age, returns, and savings needs
- Optimizer evaluates withdrawal order and amounts
- Supports insurance reviews and advanced strategy modeling
- Branded calculators can be embedded on advisor websites
What to know first
- No free plan
- Available on web only
- Raw client files cannot be exported
Plans
| Plan | Billed and limits | Price |
|---|---|---|
| RazorPlan Advanced | $1,070 per year; save $118/year · Includes business owner planning · advanced corporate estate planning · life insurance planning · insurance policy import | $1,070 a year |
| RazorPlan Decumulation | $149/ month; annual subscription $1,610 · Includes decumulation optimization · solve CPP and OAS ages · advanced insurance planning features | $149 a month |
| RazorPlan Decumulation | $1,610 per year; save $178/year · Includes decumulation optimization · solve CPP and OAS ages · advanced insurance planning features | $1,610 a year |
| RazorPlan | $69/ month; annual subscription $745 · Retirement option analysis · client friendly reports · concepts and calculators · client facing data gathering · toll-free and email support | $69 a month |
| RazorPlan | $745 per year; save $83/year · Retirement option analysis · client friendly reports · concepts and calculators · client facing data gathering · toll-free and email support | $745 a year |
| RazorPlan Advanced | $99/ month; annual subscription $1,070 · Includes business owner planning · advanced corporate estate planning · life insurance planning · insurance policy import | $99 a month |
| RazorPlan Enterprise | Ask for Enterprise Plan details and pricing at [email protected]. · SSO · custom branding · advanced reporting · custom implementations · organization-level access control | On request |
As razorplan.com lists them, read 10 Oct 2026. The maker's own page has the final word.
Verdict
RazorPlan combines client planning with retirement, decumulation, and insurance analysis for advisors. Consider its paid plans and limits on exporting raw client files before choosing it.
Facts from RazorPlan's own pages
- Availability
- The terms say Razor Services are made available to end users resident in Canada and the United States. · razorplan.com, 10 Oct 2026
- Client file storage
- The FAQ states that client data is stored on cloud servers in Canada and that raw client files cannot be exported outside RazorPlan; reports can be printed or saved as PDFs. · razorplan.com, 10 Oct 2026
- Company history
- The company says Dave Faulkner created RazorPlan in 2011 through Financial Plan Advantage Ltd.; Objectway acquired Nest Wealth in 2024 and the RazorPlan brand was refreshed in 2025. · razorplan.com, 10 Oct 2026
- Decumulation
- The optimizer evaluates withdrawal order and amounts from accounts and benefits such as CPP/QPP and OAS to support retirement income, tax, or estate goals. · razorplan.com, 10 Oct 2026
- Founded
- 2011 · razorplan.com, 28 Sept 2026
- Headquarters
- Toronto, Ontario, Canada · razorplan.com, 28 Sept 2026
- Insurance planning
- The product supports insurance coverage reviews, policy uploads, and modeling advanced insurance strategies. · razorplan.com, 10 Oct 2026
- Integrations
- The pricing page lists built-in SSO for Enterprise partners, allowing advisors to launch RazorPlan directly from their system without additional passwords. · razorplan.com, 10 Oct 2026
- Intended users
- The home page describes RazorPlan as serving insurance advisors, investment advisors, and financial planners. · razorplan.com, 10 Oct 2026
- Lead generation
- RazorPlan includes a Leads feature that lets prospects explore a lightweight retirement projection. · razorplan.com, 10 Oct 2026
- Purpose
- RazorPlan helps financial advisors create financial plans, projections, and scenario comparisons for clients. · razorplan.com, 10 Oct 2026
- Retirement analysis
- Its retirement options analysis answers questions about attainable spending, retirement age, required return, and savings needs without rebuilding plans. · razorplan.com, 10 Oct 2026
- Security
- The privacy policy says RazorPlan uses administrative, technical, and physical safeguards, encrypts information transmission using SSL, and restricts access to authorized personnel and service providers. · razorplan.com, 10 Oct 2026
- Support
- The company directs existing account support requests to [email protected]. · razorplan.com, 10 Oct 2026
- Website calculators
- The FAQ says users can embed branded financial calculators on their personal websites using an HTML snippet or unique link. · razorplan.com, 10 Oct 2026
Where RazorPlan stands on Freedom251
- Financial Advisor Software#20 of 31