Otivo provides licensed digital financial advice in Australia under an Australian Financial Services Licence, offering personal recommendations on superannuation, investments and budgeting — often through employers.
| Feature | Richify | Otivo |
|---|---|---|
| Licensed Personal Financial Advice | No — education only | Yes (licensed digital advice) |
| Whole Net Worth Tracking (AUD) | All assets & liabilities | Advice-focused, limited tracking |
| Super Optimisation Recommendations | Education & scenarios | Personal recommendations |
| Property & Mortgage in Net Worth | Built-in, manual | Limited |
| AI Explanations & Coaching | Built-in AI (Felix) | Guided advice flows |
| What-If Scenario Planning | Salary sacrifice, rate rises, HECS | Advice-led scenarios |
| Privacy-First (no linking) | Manual entry, no linking | Collects data to advise |
| Shares / Crypto / All Asset Types | All asset types | Advice scope |
| Compare to Australians Your Age | Age benchmarks | ✗ |
| Multi-Country Support | 7+ countries | Australia only |
| Regulated as a Financial Adviser | No (not advice) | Yes (AFSL-backed) |
| Pricing | Free trial, then paid plans | Subscription / employer-provided |
The Verdict
Richify and Otivo are complementary, not competitors. Otivo is the right choice when you want licensed personal financial advice you can act on — it can recommend what to do with your super and investments. Richify is the right choice for tracking your whole net worth, understanding it with AI, and exploring what-if scenarios yourself — it is education, not advice. Many Australians use both: Otivo for regulated advice, Richify for everyday tracking and planning. Richify offers a free trial before paid plans.
Last reviewed: · Reviewed by the Richify team
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Try Richify — Free TrialNo — and this is the most important point. Otivo provides licensed digital financial advice in Australia: it can make personal recommendations about your super and investments. Richify is a tracking, education and planning tool — it explains, models, organizes and benchmarks your finances but does not give personal financial advice. They can be used together.
No. Richify is not licensed to provide personal financial advice in Australia and never directs you to buy or sell specific products. It helps you understand your money and model what-if scenarios. For personal advice, Otivo or a licensed adviser is appropriate.
Use Otivo when you want actual personal recommendations — for example, how much to contribute to super or how to structure investments — delivered under an Australian Financial Services Licence. Use Richify when you want to track your whole net worth, see all asset types in one place, and explore scenarios yourself.
Yes. Many Australians get licensed advice from a service like Otivo and use Richify day-to-day to track their complete net worth (super, property, shares, cash), understand it with AI, and model what-if scenarios between advice sessions.
Yes. Richify treats superannuation and property as first-class parts of your net worth, alongside shares, cash and crypto, in one AUD view.
Yes. Richify is privacy-first and manual-entry — you add your own data and nothing is linked automatically, so your information stays under your control.
Comparison is educational only. Features and pricing may change. We strive for accuracy but recommend verifying directly with each service.