Wealthfolio

Most personal finance apps run on a quiet trade. You hand over your brokerage logins, a server pulls everything together, and your net worth ends up in somebody else’s database. Wealthfolio, built by Teymz Inc., refuses that trade by default. The free app requires no account, stores data on the device, and publishes its source code openly. For anyone who has hesitated before typing a bank password into a third-party aggregator, that combination is the whole pitch.

A strong privacy pitch would mean little if the app were thin, and Wealthfolio is not. It tracks holdings, cost basis, tax lots, performance, asset allocation, and dividend and interest income across multiple accounts. It adds spending and cash-flow tracking with auto-categorized transactions and budgets. On top of that sit the planning tools: a retirement and FIRE planner with a Monte Carlo risk lab, savings goals, allocation targets with drift and rebalancing plans, and contribution-limit tracking for IRA, 401(k) and TFSA accounts. An AI assistant and an add-on system complete the package.

The app runs on macOS, Windows, Linux, iPhone, iPad and Android, and technical users can self-host it with Docker. This review covers the iOS and Android apps.

Teymz makes money through Wealthfolio Connect, an optional subscription that adds automatic brokerage sync, end-to-end encrypted device sync and household sharing. The analysis is free, and the convenience is what costs money.

Early reception is warm but thin. The iOS App Store listing shows a 4.9/5 average from seven ratings. Reviewers praise the privacy, the control that manual entry gives them, and multi-account tracking with cost basis and lots. Some call it “the best portfolio tracker” they’ve found and say it deserves more exposure. An independent Mac review praises the privacy and the clean interface, but flags CSV files that need updating by hand and imports that fail.

• Local-first, account-free storage: The free app needs no sign-up, and portfolio data stays on the device. The code is open source, so anyone can check the privacy claims instead of taking them on faith.
• Lot-level investment tracking: Holdings, cost basis, lots, performance, allocation, and dividend and interest income across multiple accounts. Data comes in by manual entry or CSV statement import.
• Net worth and exposure dashboards: Net worth over time with assets and liabilities, sector and geographic exposure, and index comparisons against the S&P 500 or any ETF.
• Spending and budgets: Cash-flow tracking with auto-categorized transactions and budget tools, so everyday money sits next to the portfolio.
• Retirement/FIRE planner with Monte Carlo risk lab: Retirement projections tested across many simulated market outcomes, alongside savings goals.
• Allocation targets and rebalancing: Set target weights, see how far the portfolio has drifted, and get rebalancing plans.
• Contribution-limit tracking: Tracks contribution limits for IRA, 401(k) and TFSA accounts.
• Permission-scoped AI assistant: Answers portfolio questions through local or cloud AI providers. The user controls which data it can access.
• Add-on system: Extras such as fee and goal trackers, custom price feeds and MCP integrations.
• Wealthfolio Connect (optional, paid): Automatic brokerage sync, end-to-end encrypted device sync and household sharing.

The Local-First Bargain

Keeping data on the device is a product decision, and a defensible one. It removes the account, the server-side breach risk and the aggregator middleman from the free experience. The open-source code backs up the claim, and that matters more in finance than in almost any other category. When a closed app says “your data stays private,” it is making a promise. When an open-source app says it, anyone can check.

The cost of that choice is just as concrete. With no server pulling from brokerages, the free tier relies on the user to supply transactions, either by typing them in or by importing CSV statements. Every feature that follows, from lot tracking to the FIRE projections, is only as accurate as that input.

Investment Tracking With Real Depth

Lot-level tracking separates Wealthfolio from casual net-worth apps that stop at current value. Cost basis and lots are the numbers that drive realized gains, tax planning and any honest answer to whether a position has paid off. App Store reviewers single out exactly this capability for tracking several accounts at once. Dividend and interest income get dedicated tracking, which suits income investors who care about cash yield as much as price.

Comparing against the S&P 500 or any ETF keeps investors honest. A portfolio that gained ground looks less impressive next to an index that gained more. Because users can pick any ETF as the comparison, a bond-heavy or international portfolio can be measured against something that fits it, not a default US large-cap index. Sector and geographic exposure answer the next question: where is the concentration risk?

Spending, Budgets and the Scope Question

Auto-categorized transactions and budgets turn Wealthfolio into a household finance tool that covers both the brokerage account and the grocery bill. Having everything in one place is what gives the net-worth-over-time view its meaning, because liabilities and spending sit right next to assets. The risk is breadth. Budgeting apps succeed or fail on how little effort upkeep takes, and on the free tier, transactions still arrive by hand or by CSV. Budgeting here asks for more discipline than in apps built around automatic feeds.

Planning Tools Worth Taking Seriously

The planning suite is where Wealthfolio stops being a tracker and starts helping with decisions. A Monte Carlo risk lab runs a retirement plan across many simulated market paths instead of a single straight-line return. That gives a more honest picture of sequence risk and of the odds that a plan holds up. For the FIRE crowd this is the right tool, because a single projected return tends to flatter early-retirement plans.

Allocation targets with drift and rebalancing plans address a common failure among DIY investors: they set an allocation once and let the market rewrite it. Contribution-limit tracking is a practical touch, and the account types it names point clearly at US and Canadian savers. Anyone else should check whether their own tax-advantaged accounts are covered before relying on it.

An AI Assistant With a Leash

A chatbot bolted onto a privacy-first finance app could have undercut the whole premise. Wealthfolio avoids that by letting users choose local or cloud AI providers and decide what data the assistant can see. This is the correct design. A local model keeps questions on hardware the user controls. A cloud provider trades some privacy for capability. Either way, the user makes the choice deliberately instead of having it made for them. The caveat is real, though: choosing a cloud provider and granting broad access sends portfolio data off the device, so the privacy guarantee depends on the user’s settings.

The add-on system covers needs the base app leaves alone, with fee and goal trackers, custom price feeds and MCP integrations for AI tooling. That openness suits tinkerers. It also means the experience changes with each user’s add-on choices, which makes Wealthfolio less of a fixed product and more of a platform.

The Data-Entry Problem

This friction defines the free tier. The independent Mac review’s main complaints are that CSV files have to be updated by hand and that some imports fail. Both point to the same weak spot: the pipeline between brokerage and app. App Store reviewers value the control of manual entry, but that control comes with work. An investor with five accounts and monthly statements is signing up for recurring admin. Failed imports cause the more serious damage, because any statement that doesn’t load cleanly throws off cost basis and performance figures downstream.

Connect: The Paywall in the Right Place

Wealthfolio Connect sells the fixes for exactly those complaints: automatic brokerage sync, end-to-end encrypted device sync and household sharing. Charging for convenience while keeping the analytics free is a fair way to fund an open-source app. Nobody pays to see their own allocation or to run the FIRE planner. End-to-end encryption on sync keeps the paid tier consistent with the privacy premise. The independent review’s observation still applies to the free app: it is not built for people who want an automated, cloud-based platform across several devices. Connect narrows that gap, and the free tier makes no attempt to.

On the Mac, an independent review praises a clean interface. Whether that restraint carries over to a phone screen is the central mobile design question. The dashboards cover net worth over time with assets and liabilities, sector and geographic exposure, and index comparisons. This is chart-friendly data, where trends matter more than individual rows. A desktop window can show a net-worth chart, an allocation breakdown and a holdings list side by side, but an iPhone screen cannot, so the mobile layout has to prioritize ruthlessly. iPad users get more room for the dashboard-heavy views.

Local-first storage sets sensible performance expectations. Viewing your own holdings and history requires no server round trip, and the app has no account or cloud dependency to fail. Live market data, cloud AI providers and Connect sync naturally still need a connection. The Monte Carlo risk lab is the most compute-hungry feature on the list, and on a phone its responsiveness will depend on the device’s hardware. Running a local AI model is a much bigger ask on mobile hardware than on a desktop. The only stated reliability concern is failed CSV imports, reported in the independent Mac review.

• Input method: Both the iOS and Android apps rely on touch. Entering a long trade history on a phone keyboard is tedious, so investors with many transactions will likely prefer to do bulk entry on the desktop versions.
• CSV import on mobile: Brokerage statements usually come from a website download. Getting that file onto a phone and into the app through the system file picker adds steps compared with a desktop workflow.
• Data stays per device: The free apps keep each device’s data on that device, and encrypted sync between devices is a Connect feature. Free users should pick one device as the system of record.
• iPhone vs iPad: On iOS, the iPad’s larger screen suits the dashboards and planning tools far better than a phone does.
• Pricing: The app is free with no account on both platforms. Wealthfolio Connect is the optional paid layer.
• Reception: The iOS App Store shows 4.9/5 from seven ratings. Mobile store reviews overall remain few, so neither store offers a meaningful sample yet.

Wealthfolio makes a clear argument: personal finance software does not need your data to be useful. The free tier backs that up with real substance, including lot-level tracking, exposure analysis, index comparisons, a Monte Carlo retirement planner and rebalancing tools. Many paid apps lock features like these behind a subscription and a server. The open-source code means the privacy claims can be checked, and the AI assistant’s permission controls show the same principle applied to a feature that could easily have undermined it.

The trade-off is labor. Without Connect, someone has to feed the app statements, and the reported import failures mean that feeding is not always smooth. The paywall sits in the right place, on convenience instead of capability, but anyone allergic to data entry should budget for the subscription from the start. We recommend Wealthfolio to disciplined, privacy-minded investors who want analytical depth and accept upkeep as the price of keeping their data at home.