Guide · 7 min read · Updated July 2026
Formation vs Vyzer: which wealth platform for a private-heavy balance sheet
Vyzer and Formation are two of the few platforms actually built for complex, high-net-worth balance sheets rather than monthly budgeting — so households with real structure end up comparing them. Both go where budgeting apps stop; they emphasize different halves of the problem.
This is an honest head-to-head. Vyzer's strength is private investments and cash-flow projection; Formation's is an entity model with a tax layer and cited numbers. Prices are list as of July 2026.
Vyzer — built around private investments
Vyzer (from about $348/yr) is strongest where most trackers are blind: syndications, real-estate LPs, and private funds, with committed-capital tracking, a capital-call and distribution calendar, and forward cash-flow projections. If the majority of your wealth sits in private deals, that depth is real and hard to find elsewhere.
Formation — an entity model with a tax layer
Formation organizes net worth by legal owner — personal, trust, LLC, joint — across every custodian, and adds the reasoning layer: a cross-custodian wash-sale scan (IRS §1091, incl. controlled IRAs), equity-grant and K-1/capital-call tracking, and cash flow. Every figure carries a provenance badge — sourced, calculated, or estimated — traceable to its record.
AURA, Formation's AI, answers questions about your own numbers with each one cited. It's education-only: it explains, never gives personalized advice, and Formation is not an RIA and never executes trades. $17.99/mo or $199/yr founding-member pricing (list $29.99/mo · $349/yr), locked for as long as you stay subscribed, 7-day free trial.
Where each one wins
Pick by which half of the problem is harder for you:
- Most of your wealth is in private syndications and funds, and cash-flow projection is the priority → Vyzer.
- Your complexity is structural — trusts/LLCs, multiple custodians, equity comp, a tax layer — and you want cited numbers → Formation.
- You have both a private-deal tilt and entity structure → try both trials; the decider is whether entity/tax or private-cash-flow modeling matters more.
Two honest caveats
Formation covers private funds and K-1s but doesn't match Vyzer's depth of private-deal cash-flow projection; Vyzer tracks net worth but doesn't organize it by legal entity or run a cross-custodian tax layer. Neither moves money or gives advice — both are tools you drive.
The two-question test
Ask each tool the same two things: 'Project my capital calls and distributions for the next 18 months,' and 'What does my trust own versus my LLC, and where's my wash-sale exposure across custodians?' Vyzer answers the first more deeply; Formation answers the second. Which question is the one that keeps you in a spreadsheet?
Frequently asked
Is Vyzer or Formation better for high-net-worth households?
They're built for different halves of the problem. Vyzer is deepest on private investments and cash-flow projection; Formation adds an entity model (trusts, LLCs) and a tax layer (cross-custodian wash-sale scanning, equity comp, K-1s) with cited numbers. Pick by whether private-deal modeling or entity/tax structure is your harder job.
Does Formation handle private funds and K-1s?
Yes — it ingests K-1s, tracks capital calls and distributions, and shows private holdings beside liquid wealth. Vyzer goes deeper on private-cash-flow projection specifically; Formation adds the entity and tax layers around it.
Which one organizes net worth by trust or LLC?
Formation models entities natively — accounts are assigned to their legal owner and roll up per entity and in total. Vyzer tracks the assets but doesn't organize the balance sheet by legal owner the way an entity-heavy household usually needs.
In Formation
See your net worth by entity
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Formation organizes your whole household by entity and cites every figure to its source — education-only, and you keep custody everywhere.
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