Wealthfolio

What is Wealthfolio?

Wealthfolio is a local-first personal finance app that tracks your investments, net worth, spending, and financial goals — all stored on your own device instead of a company’s cloud. It’s a desktop app for macOS, Windows, and Linux (with an iOS app and a self-hostable web build), keeping data in a local SQLite database with no account required.

What is Wealthfolio best for?

People who want a private, ad-free view of their whole financial picture — investors and DIY money-managers who’d rather own their data than link every account to a dashboard that monetizes it. If you specifically want budgeting-first workflows, the open source Actual Budget or Maybe may fit better; Wealthfolio leads with investments and net worth.

What can Wealthfolio do?

• Track investment performance across accounts with time- and money-weighted returns, benchmarked against the S&P 500 or an ETF
• Monitor net worth over time from assets and liabilities, with multi-currency support and exchange-rate handling
• Import activity by CSV from any broker or bank, or add accounts and transactions manually
• Plan ahead with savings goals, allocation targets, retirement/FIRE simulations, and a Monte Carlo risk lab
• Track contribution room for IRA, 401(k), and TFSA accounts
• Extend it with an addon system and an optional AI assistant for portfolio questions
• Add automatic read-only broker sync and encrypted multi-device sync via the paid Wealthfolio Connect

Where does Wealthfolio fall short?

• Automatic account sync isn’t free. The standalone app relies on manual entry and CSV imports; live brokerage/bank syncing — and encrypted sync between your own devices — requires the paid Wealthfolio Connect subscription, which starts at $7.99/mo.
• Sync coverage is narrower than mainstream aggregators. Connect links a few dozen institutions through providers like SnapTrade, so a free dashboard like Empower or a paid one like Kubera may cover your specific bank or broker where Wealthfolio doesn’t yet.
• It’s a young, investing-focused project. The app centers on portfolio and net-worth tracking rather than full envelope budgeting or bill pay, and some features are still maturing compared to long-established money apps.

Is Wealthfolio free?

Yes — the Wealthfolio desktop and self-hosted web app are free and open source under AGPL-3.0, with no account and no data limits. The only paid part is the optional Wealthfolio Connect subscription (from $7.99/mo, or $6.58/mo billed yearly) that adds automatic broker/bank sync, encrypted cross-device sync, and household sharing.

What does Wealthfolio replace?

Wealthfolio stands in for account-aggregating trackers like Empower (formerly Personal Capital) and Kubera. It gives you the same net-worth and portfolio dashboard, but your data lives locally on your device instead of on a vendor’s servers — with no wealth-management upsell and no annual fee just to see your own numbers.

FAQ

Is Wealthfolio open source? Yes. It’s licensed under AGPL-3.0 with the full source on GitHub. The app is a Tauri build with a Rust backend and a React frontend, storing everything in a local SQLite database.

Can I use Wealthfolio for free? Yes. The desktop and self-hosted web app are completely free, using manual entry and CSV import. You only pay if you want the optional Wealthfolio Connect subscription for automatic account syncing.

Is Wealthfolio a good Empower alternative? If privacy matters to you, yes — you get net-worth and investment tracking without linking every account to a dashboard that sells wealth-management services. The tradeoff is that free, automatic account sync isn’t included.

What do I need to run Wealthfolio? Just install the desktop app on macOS 12+, Windows, or Linux — no server needed. There’s also an iOS app and a self-hostable Docker/web build if you’d rather run it on your own infrastructure.