What is Truthifi?
Truthifi is a financial wellness platform designed to monitor an individual's entire financial portfolio for signs of over 100 common risks and opportunities that traditional financial trackers and advisors often miss. It provides users with a comprehensive view of their investments, including fees, performance, and asset allocation, through features like 24/7 health monitoring, full opportunities reports, and fee, return, and risk monitoring. The tool helps users uncover hidden details in their portfolios, such as stock concentrations and advisory fees, enabling more informed discussions with financial advisors and better financial decision-making.
With plans ranging from a free checkup to paid monitoring services, Truthifi offers secure connections to brokerage accounts, historical data reconstruction, and document storage. It aims to serve individuals, advisors, and financial firms by providing a single source of truth for portfolio management, supported by military-grade security and coverage of over 18,000 providers. The platform emphasizes transparency, with no commissions or products sold, focusing solely on delivering factual insights to enhance financial health.
Features
- 24/7 Health Monitoring: Continuous tracking of financial portfolio for risks and opportunities.
- Full Opportunities Report: Detailed insights into investment opportunities and hidden risks.
- Fee, Return & Risk Monitoring: Analysis of advisory, fund, and commission fees alongside performance metrics.
- Secure Connections: Integration with up to 10 or unlimited brokerage accounts for comprehensive monitoring.
- Historical Data Reconstruction: Rebuilds portfolio history for up to 30 days or unlimited periods depending on plan.
- Document Storage: Unlimited storage for financial documents and statements.
- Asset Allocation Insights: Provides composition checks including holdings table and concentration analysis.
- Benchmarked Performance: Compares portfolio performance against benchmarks for better evaluation.
- Custom Goals & Groups: Allows users to set financial goals and organize assets into groups.
- Printer-Friendly Global Statement: Generates printable reports for easy sharing and review.
Use Cases
- Monitoring investment portfolios for hidden fees and risks.
- Comparing performance of assets against benchmarks.
- Identifying stock concentrations within funds for diversification.
- Preparing for meetings with financial advisors by having consolidated reports.
- Tracking net worth and financial goals over time.
- Storing and organizing financial documents securely.
- Reconstructing historical portfolio data for analysis.
- Evaluating the effectiveness of different investment strategies.
- Managing multiple brokerage accounts in one dashboard.
- Enhancing financial literacy through detailed insights and reports.
FAQs
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Is there a free plan?
Yes, Truthifi offers a free checkup plan that provides a preview of financial health, opportunities, and up to 5 secure connections. -
Can I cancel?
Yes, users can cancel their subscription at any time, with details typically outlined in the terms and conditions. -
Are there any hidden fees?
No, Truthifi emphasizes no commissions or hidden fees, focusing solely on providing factual insights without selling products. -
Do I need to reset or re-enter history?
No, Truthifi reconstructs historical data automatically, with plans offering up to 30 days or unlimited historical reconstruction. -
Why would I use this if I already have a tracker or advisor?
Truthifi monitors for over 100 risks and opportunities that other trackers and advisors might miss, providing deeper insights into fees, performance, and asset allocation.
