heaps.nz

What It Is

Heaps.nz is not a payment gateway or financial trading platform. It is a portfolio tracking and analytics tool designed for New Zealand investors. Its focus is on bringing data from multiple brokers, bank accounts, mortgages, and spending sources into a single dashboard, helping users reduce manual spreadsheet work. It also clearly states that it does not provide financial, investment, tax, or legal advice.

Core Capabilities

In terms of service type, Heaps is primarily a wealth data management tool. Its key local feature is the NZ FIF Tax Calculator, which can automatically calculate foreign investment fund tax using either the FDR or CV method. For data connectivity, the website states that it supports Interactive Brokers sync, automatically importing trades, dividends, and holdings. It also connects to New Zealand bank accounts via Akahu, as well as brokers such as Sharesies and Tiger. Its AI document scanning feature supports uploaded PDF and CSV broker statements, extracting trades, dividends, and corporate actions automatically. The multi-entity view is useful for households, trusts, or users who need to consolidate net worth across multiple accounts.

Pricing and Compliance

Current pricing is free to start, with no credit card required and cancellation available at any time. The terms of service also state that the service is currently free, but may charge fees in the future; no specific rates have been disclosed yet. On compliance, the terms are governed by New Zealand law and explicitly state that Heaps is not a financial adviser. The website does not provide information about financial service licences, regulatory registration, or third-party security audits, so users should not treat it as a licensed investment adviser or tax adviser.

Pros and Cons

Its strengths are its strong focus on the New Zealand use case, especially FIF tax coverage, multi-broker aggregation, live prices and exchange rates, and AI statement parsing, all of which can significantly reduce the cost of maintaining investment records. The drawbacks are that the service appears to still be in a waitlist or early-stage phase, and continuous availability is not guaranteed. AI output, market data, and imported data may contain errors, so users need to verify the results themselves. The future pricing model is also unclear.

Best Fit and Access from China

Heaps is suitable for users in New Zealand who invest in overseas assets, use multiple platforms such as IBKR, Sharesies, or Tiger, or need to consolidate household or trust assets across multiple entities. It is not suitable for users who need payment acquiring, cross-border collections, licensed investment advice, or automated trade execution. Access from mainland China is not disclosed in the main site content, so it should be treated as “unknown.” For alternatives, consider Sharesight, Snowball Analytics, Kubera, or the open-source Portfolio Performance.