Vyzer Review 2024: Premium Investment Tracking, Cashflow & Planning Tool

Vyzer.co

$0 - $79 / month
9.5

Overall

9.5/10

Strengths

  • Comprehensive asset & liability tracking
  • Cashflow planning & projections
  • Vyzer magic box feature

Weaknesses

  • Free tier limited to 3 account connections

When you first start making money, there are a lot of tools and services you can pick from. The market is huge so there are a lot of companies competing to be your budgeting tool or your investment tool.

As your net worth grows, the number of tools and services begin to shrink. One big reason is because situations get more complex.

For example, new investors generally stick to the basics – robo-advisors and brokerages. Those link up nicely with tools like Empower Personal Dashboard through Plaid.

As your investment universe expands, many platforms don’t integrate nicely. Some don’t have integrations at all.

That’s when a paid service and tool like Vyzer makes sense.

If you’re doing a lot of your money management by hand because there are no tools that integrate with the accounts you have – Vyzer may be the solution.

Table of Contents
  1. Who is Vyzer?
  2. Vyzer Features
    1. Portfolio automations
    2. Cash flow planning
    3. Wealth management
  3. Vyzer Pricing (Updated July 2023)
  4. Vyzer Sign Up Experience
  5. What Assets Can Vyzer Track?
  6. Net Worth Tracker Dashboard
  7. Cashflow Dashboard
  8. How to Add Assets
    1. Adding a Brokerage
    2. Adding Real Estate
  9. Is Vyzer.co Worth It?

🔃Updated July 2023 with their new pricing structure. You can now use Vyzer for free on their Starter plan, which is not a trial subscription – you get to use your data, try many of the tools available, and can upgrade to higher tiers with more features if you find them useful.

Who is Vyzer?

Vyzer is a financial technology company based out of Netanya, Israel. Co-founded in 2020 by Tomer Salvi, Litan Yahav, and Guy Vamzu, Vyzer relies on third party account aggregator services (Plaid, Yodlee, Salt Edge and Zabo) to connect your accounts (read-only).

When it comes to data security, your data is encrypted at-rest and in-transit – it’s not end-to-end encrypted. End to end encryption would mean your data isn’t readable by the app that gets it – which would make it impossible to do some of the features Vyzer offers. They do require two-factor authentication.

I’ve spoken with Litan and I was fascinated by their origin story. Litan was part of a team (that included Vyzer co-founder Tomer Salvi) co-founded a technology company that captured 3D images of diamonds. They sold that to R2Net, the parent company of Blue Nile and James Allen.

From that, he started investing and realized how existing financial dashboard and management tools didn’t satisfy his needs. They are good for most people but once you reach a certain net worth, your investments don’t integrate nicely into existing tools.

As a result, he co-founded Vyzer. I was connected to Litan by a mutual friend who, after selling his company, was also looking for better tools as well.

Vyzer Features

Vyzer categories its major features as falling into one of three categories:

  1. Portfolio automations
  2. Cash flow planning
  3. Wealth management

Portfolio automations

When you have a lot of private investments, there aren’t many tools that integrate them into a nice dashboard. If you use Empower Personal Dashboard, your tracking is completely manual because it’s not something that Plaid can pull in from other accounts.

For example, I have a few private investments that are managed through Carta. Carta is great except there is no way for me to pull that information from Carta into my Empower Personal Dashboard account. Plaid doesn’t support it and so you have to track it manually.

Vyzer offers three ways for you to connect an account:

  • Sync an investor portal
  • Sync bank & brokerage accounts
  • Vyzer magic box
  • (you can also manually add it)

The first two are done through third-party aggregator services Plaid, Yodlee, Salt Edge, and Zabo.

The Magic Box

The “magic box” feature is what differentiates Vyzer from all other services. It is also what justifies the monthly fee. With the Vyzer magic box, you upload documents and they create an asset from those documents. No other “online” service offers this. Right now, a human being will parse the document for you and create an asset and update it with subsequent uploaded documents.

Cash flow planning

When you have a W-2 income, cash flow planning is relatively straightforward. You’re paid on a regular basis and you know what to expect it.

As you layer on other cashflow producing assets, like dividend stocks or rental property or a note or fund, cash-flow planning becomes a little more complicated. It can prove difficult with other tools because other tools aren’t built to manage cash flow in this way.

When you add new assets, which we’ll look at later on, you can add in projected cashflow distributions and Vyzer will keep track of them:

On the flip side, you can also add on loans and other liabilities. These will decrease your cash flow each month and this is reflected in the charts as well. They support a variety of loans including a mortgage, home equity, auto loan, business loans, student loans, etc.

This is an example of a mortgage what you see if you set up a mortgage:

Hover over the blue “Actual” label and you can edit it for what was actually paid, just in case you paid extra.

Wealth management

Vyzer monitor your assets and will keep you informed on a variety of events (or missed events). For example, if you have an asset with a distribution schedule, it’ll inform you if a distribution didn’t occur or if it was above or below your expected target value.

New for April 2023, you can now add more granularity to distribution events. You can specify how much of the distribution is a Return ON Capital vs. a Return OF Capital. This will more accurately calculate your returns on various investments.

It will also analyze the investment and calculate whether the performance you’re getting meets, exceeds, or falls shorts of the expectations. Again, these are all based on the assumptions and figures you provide when you set up the asset.

Finally, you can two reports:

  • Balance sheet – A list of all of your assets and liabilities to calculate a total net worth.
  • General report – A list of all of your accounts.

In the future, there are plans to be able to generate a personal financial statement too.

Vyzer Pricing (Updated July 2023)

In July 2023, Vyzer revealed a new pricing structure that includes a Starter plan that is free.

The pricing is now:

StarterPlusPremium
Tailored for Initial
Portfolio Builders
Ideal for Growing
Portfolios
Designed for Advanced
Investment Management
PriceFree$29 / month$79 / month
Portfolio size315120
Online banks and
brokerage platforms
31030
Holding entities1520
Create cash flow scenarios21030
Cash flow scenarios1 file / month5 files / month20 files / month
Transaction tracking
Investment performance
tracking and notifications
Reports and statements
Community benchmarking
Mobile app
VIP Syncing Service

They also have a Family Office tier that is $699 per month (when billed annually) that is for ultra high net worth individuals. It has unlimited access to all features, priority support, role management, and a private account manager.

The free tier is comparable to what you can get at other tools but remember that they do not monetize by showing you advertisements or promoting other products.

Vyzer is more expensive than some of the tools we cover on WalletHacks.com. I think the price is justified given what you get for it AND if your situation warrants it.

👉 Learn more about Vyzer

Vyzer Sign Up Experience

The sign up experience is pretty fast – you create a login with a password and then ask three short questions.

  1. What are you invested in? Syndications, Real estate, Private equity, Public markets, Startups, Crypto, Hedge funds, Other
  2. Features and tools I’d love to use? Tracking cash distributions, Viewing investments by an entity, Capital call management, Target performance vs actual, Planning cash flow scenarios, Peer benchmarking
  3. Are you an accredited investor? Yes, not yet, I’m not sure

After those three quick questions, you’re shown a demo account that you can play with. This is all free.

What Assets Can Vyzer Track?

Vyzer tracks quite a few, as of this writing we have:

  • Cash accounts – typical deposit accounts like checking, savings, money market, cash deposits and physical cash
  • Real estate – All properties, from your home to rental properties to syndications
  • Managed funds – private equity funds, real estate funds, hedge funds, venture capital and debt funds
  • Private companies – ownership as shares, options, or a traditional non-public company
  • Private loans – loans you track privately or through a peer-to-peer lending platform
  • Brokerage accounts
  • Long term savings – retirement savings, college funds, and “others”
  • Crypto – coins/tokens as well as an exchange or wallet
  • Other – collectibles, previous metals, vehicles, etc
  • Loans
  • Credit cards

Net Worth Tracker Dashboard

Once you put all your assets in, your Net Worth Dashboard (which they call My Wealth) now has your total net worth, assets, liabilities, current cash position, as well as income.

If you categorize them properly, they will even give you a breakdown in percentages of where your money resides as well as a projection. The projections are all based on the assumptions you made when you created the asset.

Here’s a sample view of one with a lot of assets added:

Cashflow Dashboard

The Cashflow dashboard is where you can see your current cash position, expected inflows, and expected outflows. Whenever you open the dashboard, it’ll ask you for your household W-2 income and monthly expenses.

You don’t have to enter this but it will ask each time unless you put in a number (you can put in $0 and it’ll stop asking). If you need to change this figure, you can do so by clicking “Household cost of living” in the lower left or go into your Profile -> Financial Settings.

At first, the cashflow dashboard is pretty boring (unless you put in a W-2 income):

How to Add Assets

Vyzer will track a variety of different assets and this information includes everything you expect as well some some nice features to help with capital calls and cashflow projections.

Some assets are fairly simple to add. You can either link up your accounts and Vyzer will pull them in or you can add them in manually. When you select a brokerage that you can link, it’ll load up a login form from Plaid. You can opt to add it manually though.

Adding a Brokerage

A manual brokerage addition only has four “pages:”

General Information:

  • Institution
  • Account Name
  • Current Balance

Projection:

  • Expected annual performance %
  • Expected monthly contribution

Performance:

  • Account opening date
  • Total investment

More Information:

  • Holding Entity
  • Notes

The expected monthly contribution will be included as an “expense” in cashflow projections.

This trend is because we have not input a W-2 income (or any other income) yet.

Adding Real Estate

For example, if you create a New Rental Property, it’s a five “page” form that captures:

General Information:

  • Sponsor / Operator
  • Property Name
  • Initial Investment (& Currency)
  • Ownership Percentage (optional)
  • Purchase Date

Projected Cashflow – Distributions:

  • Expected Annual Cash Return – Start and End Dates, Values
  • Expected Distribution Period – Monthly, Quarterly, or Annually

Capital Calls:

  • Yes or No
  • If Yes, you enter the Total Committed Capital plus the Call Dates

Projected Performance:

  • Expected End Date
  • Expected IRR %
  • Expected Multiplier

More Info:

  • Property Address
  • Holding Entity
  • Type – asset class of the property
  • Notes

Afterwards, it creates this asset under Real Estate (the data in this screenshot is fabricated, I am not invested in a generically named Fundrise Fund):

After you create an asset, you can go back to the Cashflow dashboard and see it included in the Expected cashflow charts:

I removed the earlier brokerage account that had contributions, so this only shows our cashflow from real estate.

Here’s a sample one with a lot of different assets added, including scenarios they added:

Is Vyzer.co Worth It?

If you have a fairly standard collection of accounts and investments and haven’t had a problem with tools like Empower Personal Dashboard, Vyzer is a improvement but the free tier does limit you to 3 account connections. You will have to decide if it makes sense to upgrade to a higher tier if you have more accounts.

If it were me, I’d sign up and give the tool and try because the Starter tier costs nothing (except your time setting things up). You can then see for yourself whether it’s better than what you’re using now.

If your accountant has a spreadsheet that tracks all the Form K-1s you receive each year and is frequently asking you where each one is, it might be a signal you can use Vyzer.

When you start investing in assets that don’t fit into a brokerage account, keeping them all organized is worth it. It’ll depend on your financial situation but I think Vyzer has done a good job satisfying a need that isn’t being filled right now.

👉 Learn more about Vyzer

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About Jim Wang

Jim Wang is a forty-something father of four who is a frequent contributor to Forbes and Vanguard's Blog. He has also been fortunate to have appeared in the New York Times, Baltimore Sun, Entrepreneur, and Marketplace Money.

Jim has a B.S. in Computer Science and Economics from Carnegie Mellon University, an M.S. in Information Technology - Software Engineering from Carnegie Mellon University, as well as a Masters in Business Administration from Johns Hopkins University. His approach to personal finance is that of an engineer, breaking down complex subjects into bite-sized easily understood concepts that you can use in your daily life.

One of his favorite tools (here's my treasure chest of tools, everything I use) is Empower Personal Dashboard, which enables him to manage his finances in just 15-minutes each month. They also offer financial planning, such as a Retirement Planning Tool that can tell you if you're on track to retire when you want. It's free.

>> Read more articles by Jim

Opinions expressed here are the author's alone, not those of any bank or financial institution. This content has not been reviewed, approved or otherwise endorsed by any of these entities.

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