---
title: Ditching the Advisor: The Best DIY Financial Planning Software
url: https://wealthscout.app/updates/diy-financial-planning-software
category: Net worth
updated: 2026-08-23
---

# Ditching the Advisor: The Best DIY Financial Planning Software

Source: https://wealthscout.app/updates/diy-financial-planning-software

The best DIY financial planning software depends on your needs. Use ProjectionLab for Monte Carlo simulations, Kubera for broad account syncing, and WealthScout for tracking complex entities and forecasting extraction tax.

## Takeaways

- A 1% Assets Under Management (AUM) fee sounds small, but compounded over 30 years, it can consume a third of your total potential returns.
- Many advisors deliberately overcomplicate portfolios with dozens of funds to make self-management look impossible.
- To successfully fire your advisor, you need software that tracks live balances, calculates extraction tax, and forecasts your retirement date.

**Scope.** This article discusses software tools for self-directed investors. It does not provide financial advice. Always consult a tax professional before restructuring your assets.

## Steps to take control


## Questions

**Are all financial advisors bad?**

No. Flat-fee or hourly fiduciary advisors provide immense value when you need specific tax or estate planning advice. The conflict of interest lies strictly in the percentage-based AUM model.

**Can I just use a robo-advisor?**

Robo-advisors are excellent for automating your investments at a lower fee (typically 0.25%). However, they only manage the money you give them; they do not forecast your entire net worth or model your outside properties and trusts.

## Sources

- [Net worth calculator](https://moneysmart.gov.au/managing-debt/net-worth-calculator) — Moneysmart