RazorPlan
RazorPlan is web-based financial planning software for insurance advisors, investment advisors, and financial planners.
What RazorPlan is
RazorPlan is web-based financial planning software for insurance advisors, investment advisors, and financial planners. It creates client financial plans, projections, and scenario comparisons. Retirement analysis addresses attainable spending, retirement age, required return, and savings needs without rebuilding a plan. Its decumulation optimizer evaluates withdrawal order and amounts across accounts and benefits such as CPP/QPP and OAS for retirement income, tax, or estate goals. Advisors can review insurance coverage, upload policies, and model advanced insurance strategies. A Leads feature gives prospects a lightweight retirement projection. Branded calculators can be embedded on personal websites through an HTML snippet or unique link. Client data is stored on cloud servers in Canada; reports can be printed or saved as PDFs, while raw client files cannot be exported outside RazorPlan. Plans are paid, with a 30-day trial and no free plan. The base plan costs $69 a month, Advanced $99 a month, and Decumulation $149 a month.
Good
- Retirement analysis covers spending, age, returns, and savings
- Decumulation optimizer evaluates withdrawals and benefit timing
- Supports insurance reviews, policy uploads, and advanced strategies
- Branded calculators can be embedded on advisor websites
- 30-day trial is available
Watch out
- No free plan
- Web platform only
- Raw client files cannot be exported
Who it suits
RazorPlan suits insurance advisors, investment advisors, and financial planners serving clients in Canada or the United States. It is also relevant to advisors needing retirement, decumulation, insurance, or embedded calculator tools.
Verdict
RazorPlan combines financial planning, retirement analysis, decumulation, insurance modeling, and prospect tools in one web service. Its paid plans differ by planning depth, while Canadian cloud storage and export restrictions may affect data workflows.
Plans and prices
From RazorPlan's own pricing page, checked 10 Oct 2026.
| Plan | Price | What it gives you |
|---|---|---|
| RazorPlan | $69 a month | Retirement option analysis · client friendly reports · concepts and calculators · client facing data gathering · toll-free and email support · $69/ month; annual subscription $745 |
| RazorPlan Advanced | $99 a month | Includes business owner planning · advanced corporate estate planning · life insurance planning · insurance policy import · $99/ month; annual subscription $1,070 |
| RazorPlan Decumulation | $149 a month | Includes decumulation optimization · solve CPP and OAS ages · advanced insurance planning features · $149/ month; annual subscription $1,610 |
| RazorPlan | $745 a year | Retirement option analysis · client friendly reports · concepts and calculators · client facing data gathering · toll-free and email support · $745 per year; save $83/year |
| RazorPlan Advanced | $1,070 a year | Includes business owner planning · advanced corporate estate planning · life insurance planning · insurance policy import · $1,070 per year; save $118/year |
| RazorPlan Decumulation | $1,610 a year | Includes decumulation optimization · solve CPP and OAS ages · advanced insurance planning features · $1,610 per year; save $178/year |
| RazorPlan Enterprise | Priced on request | SSO · custom branding · advanced reporting · custom implementations · organization-level access control · Ask for Enterprise Plan details and pricing at [email protected]. |
The facts
Each one read from RazorPlan's own pages, with the date it was checked.
What it does
- Availability
- The terms say Razor Services are made available to end users resident in Canada and the United States.checked 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.checked 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.checked 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.checked 10 Oct 2026
- Intended users
- The home page describes RazorPlan as serving insurance advisors, investment advisors, and financial planners.checked 10 Oct 2026
- Lead generation
- RazorPlan includes a Leads feature that lets prospects explore a lightweight retirement projection.checked 10 Oct 2026
- Purpose
- RazorPlan helps financial advisors create financial plans, projections, and scenario comparisons for clients.checked 10 Oct 2026
- Retirement analysis
- Its retirement options analysis answers questions about attainable spending, retirement age, required return, and savings needs without rebuilding plans.checked 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.checked 10 Oct 2026
- Support
- The company directs existing account support requests to [email protected].checked 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.checked 10 Oct 2026
The company
- 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.checked 10 Oct 2026
- Founded
- 2011checked 28 Sep 2026
- Headquarters
- Toronto, Ontario, Canadachecked 28 Sep 2026
Money
- Insurance planning
- The product supports insurance coverage reviews, policy uploads, and modeling advanced insurance strategies.checked 10 Oct 2026
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