CRM Showdown
Wealthbox vs. Salesforce CRM
Clunky? Bloated? Insanely expensive? Don’t let Salesforce CRM hold you back. Wealthbox is the new, modern CRM for financial advisors with an amazing user experience. No training required. Compare the two now. Game on!
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Wealthbox
Wealthbox is the most modern CRM in the market, offering advisors with intuitive “sign up and go” simplicity to get started with ease. Try it now.
Salesforce CRM
Salesforce is a CRM designed for large businesses with many powerful features. However, some advisors complain it’s overly-complicated and expensive to administer.
Wealthbox is the #1 rated CRM for financial advisors
Advisors have spoken, and Wealthbox is the winner! Check out the 2024 ratings for the best wealthtech CRMs by G2, the leading software review site.
“Wealthbox Raises $31 Million After Converting Salesforce and Redtail CRM Users and Leaping Up the Marketshare Ranks.”
RIABiz, March 2022
RIA Market Share: Growth Rates 2022 – 2023
Source: T3 / Inside Information Survey, March 2023
Why advisors choose Wealthbox over Salesforce CRM
We’re frequently asked why financial planners are switching from Salesforce CRM to Wealthbox. Here are the top reasons.
Simple Setup
Low Switching Cost
Better Email Integration
Designed for Advisors
Comparable Features
Intuitive and Time-Saving
No Training Required
Friendly, Responsive Support
Better Collaboration
An Open API
Better Mobile Apps
Better Price
“When we switched, CRM user adoption increased and every single branch office shared glowing feedback that they preferred Wealthbox over Salesforce.”
Jack McCormack
Managing Director at Sanctuary Wealth
500 users on Wealthbox
12 reasons Wealthbox is the best Salesforce alternative for financial advisors
1. Simple setup
Wealthbox is easier to onboard users than Salesforce.
Unlike Salesforce, Wealthbox simply works out of the box. There’s no complex setup, no consultant, no salaried administrator, no paid-training, no hassle. Wealthbox provides sign-up-and-go simplicity, while offering full-featured, powerful CRM.
2. Low switching cost
Data file migration from Salesforce to Wealthbox is easy – and free.
The Wealthbox team offers secure, free, and speedy data migration services when importing CRM data from Salesforce to Wealthbox. It’s actually a breeze and new customers to Wealthbox are often surprised how painless and quick it is to do with the help of our friendly specialists.
3. Comparable features
Similar functionality, yet Wealthbox’s features are tailored for advisors.
What’s great about Salesforce is that it does everything. What’s horrible about Salesforce is that it does everything – and you’re going to spend lots of time and money trying to set it up and figure it out. And in the end it might not work, as low user adoption sets in from the complexity and fatigue of the CRM struggle. With Wealthbox, advisors experience a well-designed, intuitive CRM product with amazing features tailored for financial advisors.
4. Intuitive and time-saving
The user-experience of Wealthbox is superior to Salesforce.
The team at Wealthbox has deep experience in CRM software design, and it shows in our product. For example: One of the most frequent actions in a CRM is for an advisor to “add a note to a contact record.” In the Salesforce interface, it requires 7 clicks to add a note; in Wealthbox it takes only 2 clicks. When a team of advisors enters thousands of notes into a CRM over the course of a year, this efficient action in Wealthbox, like so many other user flows, saves advisors time.
5. Better collaboration
An RIA firm works more efficiently in Wealthbox than Salesforce.
The activity stream in Wealthbox, which is like a private social network for an RIA firm, allows coworkers to monitor and comment on various CRM updates and notify other users of special activity involving contacts, tasks, workflows, and events. The social, collaborative design throughout Wealthbox makes it better than Salesforce to communicate with coworkers to run an advisory practice.
6. Better CRM + email integration
Wealthbox Mail outshines Salesforce’s bolt-on approach.
Wealthbox Mail is a complete email experience for financial advisors. Purpose-built for the way advisors work, it combines client relationship management with a familiar and powerful inbox, embedded in Wealthbox. Unique CRM-to-email actions help advisors become super productive. Simply put, Wealthbox has a much better user experience in the fusion of CRM and email than Salesforce.
7. Customizations designed for advisors
Wealthbox offers customizations specifically for advisors.
Salesforce pushes customization requests to external Salesforce consulting firms. That’s time and expense. Wealthbox utilizes our in-house customer success team to help you create custom configurations needed for your firm – at no cost.
8. No training required
Salesforce requires training, Wealthbox does not.
There’s an entire industry of training products and services built around Salesforce. We call it the CRM Industrial Complex. And indeed, it’s all built around Salesforce CRM complexity. If you’re going to implement Salesforce, you’ll often spend time and money for paid training programs. With Wealthbox, it’s sign up and go simplicity. No training required!
9. An open API
Wealthbox’s API is made for RIAs, and it’s better than Salesforce’s.
The Salesforce API is incredibly complex with thousands of endpoints, many different authentication methods, confusing documentation, and difficult to understand based on a given Salesforce version. Wealthbox’s API – designed for the advisory business – is simple for developers to integrate with their applications. It’s a fully documented RESTful API that allows deep integrations to the most essential components within Wealthbox.
10. A Better mobile app
Wealthbox’s mobile app is superior to Salesforce’s.
The Wealthbox Mobile app provides you with the tools you’ll need to run an advisory business on-the-go. Wealthbox includes full-featured mobile apps across iOS, iPad, and Android meaning that you have all the features you know and love from the web-app, designed with a simple and easy-to-navigate mobile interface. Salesforce, in contrast, in trying to be all things to all types of business people, has a much more complex experience in their mobile app.
11. Friendly, responsive support
Wealthbox has better customer support than Salesforce.
From the initial onboarding process to ongoing support, team Wealthbox is with you every step of the way. Our assigned specialists get to know our customers in a way that a massive firm like Salesforce, serving all different types of industries, simply can’t do. Our advisor customers get individual attention from our support team, who understand the advisory business and solve issues when you need help.
12. Better price
Wealthbox is less expensive than Salesforce.
Beyond the less expensive Wealthbox plan pricing of $49 – $89 per user/month, there are many other costs associated with Salesforce that aren’t readily apparent, making Wealthbox much less expensive.
The collaborative enterprise features and ease of use in Wealthbox are incredible and have helped our firm grow. We’re glad we switched to Wealthbox.
Rachel Daniels
Avidian Wealth Solutions
70 users on Wealthbox, $4B AUM
Wealthbox vs Salesforce: What users are saying
We could talk more about the differences between Wealthbox and Salesforce CRM, but we’ll let the users speak for themselves. As you’ll see, Wealthbox is the winner.
Capterra Reviews
Ease of Use
Features
Value for Money
G2 Reviews
Ease of use
Ease of setup
Ease of admin
Quality of support
Product Direction
Task management
Contract management
Capterra Reviews
Ease of Use
Features
Value for Money
G2 Reviews
Ease of use
Ease of setup
Ease of admin
Quality of support
Product Direction
Task management
Contract management
All ratings are as of May 2023
Trusted by premier advisory firms
Wealthbox pricing vs. Salesforce pricing
Wealthbox is much less expensive than Salesforce. And say goodbye to hidden fees.
No fees for data transfers
No fees for implementation
No fees for training
No fees for live support & tutorials
No fees for CRM administrator
No long-term contract
No outside consultant needed
No fees for data transfers
No fees for implementation
No fees for training
No fees for live support & tutorials
No fees for CRM administrator
No long-term contract
No outside consultant needed
Keep your CRM data, import from Salesforce with ease.
Wealthbox has the team and tools to make the switch from Redtail CRM truly simple. It’s a secure and well-honed migration process that includes an assigned specialist who is there every step of the way. It’s fast and easy!
What advisors say…
“We were blown away by the level of migration support that the Wealthbox team extended to us when switched.”
Catherine Chaney Bowman
DMK Advisor Group
“Shout out to Wealthbox for having awesome migration services! Their team offered ‘hands-on’ assistance.”
Charesse Spiller
Fintech Consultant at Level Best
We’ve Been Expecting You.
Join the thousands of advisors who’ve migrated from Salesforce to Wealthbox – with ease.
Full access. No credit card needed.
