Personal portfolio management software is a type of financial software that allows individuals to keep track of their investments and plan for retirement. This type of software is also known as personal finance management (PFM) software or personal financial management (PFM) software. Personal portfolio management software can help users with tasks such as creating financial goals, setting up budgets and making predictions about future spending needs. Some examples of personal portfolio management software include Mint, Quicken and Moneydance.
In this guide, we review the aspects of Personal Portfolio Management Software, best portfolio management software for individuals, stock portfolio management software, and investment portfolio management software.
Personal Portfolio Management Software
What Is Personal Portfolio Management Software?
A personal portfolio management software is a software that allows you to control and monitor your investments. It can help you keep track of all your assets, including stocks and bonds, mutual funds, real estate holdings and bank accounts.
You may be using one already without even realizing it: many brokerage firms offer their own proprietary versions as part of their service packages. In addition to providing an overview of your investments at a glance, some programs let you track performance over time or generate reports that show where money has gone in and out over a specific period of time (such as “monthly expenses” or “year-end tax planning”). They also allow users to create custom investment rules that link one or more financial accounts together so they can be managed in one place with just two clicks instead of logging into each account separately every time
What Type of Buyer Are You?
Your buyer type can help determine which software you should use. If you’re an active buyer, you have a high degree of knowledge about the industry and are looking for specific solutions. You may even be interested in integrating your own systems into the platform if it allows for it.
Passive buyers are looking for a solution that meets their needs without much research. They don’t care about how many features or integrations a platform has—they just want something safe and secure that works with their existing systems and processes, so they can focus on their actual job responsibilities instead of learning how to use another tool or system.
Benefits and Potential Issues
Benefits
- Portfolio management software can create a central repository for all your investments, including stocks and bonds.
- You can track the performance of each investment to see how they’ve been doing over time.
- You can set up alerts that notify you when certain criteria are met (e.g., an alert that tells you to sell a stock when it hits a certain price).
Potential Issues
- Although portfolio management software has many benefits, some people will find it too complicated or difficult to use.
Capabilities in Personal Portfolio Management Software Products
Your personal portfolio management software should have the following capabilities:
- Asset allocation. The software should be able to help you with asset allocation, which is the percentage of your investments in stocks versus bonds, or other investment types (such as real estate). This will depend on your age and risk tolerance.
- Performance tracking. You’ll want to know how each of your investments has performed over time so that you can make informed decisions about future trades, including whether or not to sell an investment.
- Tax optimization. Because taxes are a major factor when it comes to investing success (and because they’re also complicated), tax optimization is essential for anyone who wants their portfolio management software to work hard for them—not against them! If done right, this feature can save you money by lowering your tax bill while helping ensure that all of your investments are fully compliant with IRS regulations and laws governing things like capital gains and dividends earned from capital gains on mutual funds held outside retirement accounts.* Portfolio rebalancing.* Risk management.* Wealth Management
Personal Portfolio Management Software Market Overview
Personal portfolio management software is a category of software that helps investors manage their portfolios. The personal portfolio management software market is growing and expected to grow at a CAGR of XX% during the forecast period (2019-2026).
Recent Developments in the Personal Portfolio Management Software Market
Recent Developments in the Personal Portfolio Management Software Market
The most recent developments in the personal portfolio management software market have been highlighted below. The latest trends and developments in the personal portfolio management software market have also been discussed below.
The most important developments in the personal portfolio management software market are outlined below, with an emphasis on how they could impact you as a buyer or seller of these products. The most significant developments in this sector have also been analyzed by our team of analysts for their impact on your business model and strategy moving forward.
Notable Vendors in the Personal Portfolio Management Software Market
In this section, we’ll look at notable vendors in the personal portfolio management software (PPM) market. Some of them are extremely popular and well-known, while others are new to the industry. I’ve listed these vendors in alphabetical order by company name.
- BlackRock
BlackRock is a global investment management firm that offers a range of financial services to clients worldwide—including PPM software solutions. The firm has more than $6 trillion under management globally as of March 2019, according to its website. BlackRock’s core business is using big data analytics to help investors manage their portfolios more effectively; it also provides other types of investment advice for individuals and institutional clients through its various divisions within the organization, such as iShares ETFs and Global Allocation Strategies (GAS). This gives BlackRock an edge over many other PPM vendors because it can provide customized options for both individuals and firms looking for ways to improve their asset allocation strategies across multiple assets classes including stocks/bonds/real estate/alternative assets such as private equity or hedge funds etc., depending on what type of investor they might be looking too! In short: If you need help choosing between different types
Related Research
- The ability to effectively manage your personal portfolio is critical in today’s world.
- As the number of online trading platforms grows, so too does the need for software that can help you keep track of your investments and transactions.
- It’s important to do research when choosing a vendor—if you’re not careful, you may end up paying more than necessary.
- If you have questions about which features are most important when choosing a personal portfolio management software package, ask us! We’d be happy to help answer any questions you have or walk through the process with our clients on their behalf (for an additional fee).
best portfolio management software for individuals
When I first started investing, I tried almost every investment portfolio management software out there. I had several brokerage accounts and it was a challenge to see my asset allocation and track my portfolio’s performance when it was spread out.
And back then, the tools were fairly rudimentary. They used tools like Yodlee to scrape your accounts and it just showed you all of your holdings. Very little analysis of your entire portfolio because they were trying to sell you on their wealth management and investment services.
Nowadays, the tools are much better. I don’t analyze my portfolio every day but these software packages can give you a quick peek very easily, whenever you want.
You might not be surprised to hear that I get asked all the time – “what is the best investment portfolio management software?”
The answer is the one that meets your needs. We are in set it and forget it mode right now, where I just track our net worth and make regular contributions. I check my investments once a month when I update the spreadsheet, and then I don’t look at it. I think of our investment money in time capsules so even if something were to happen, I don’t want to be tempted to respond.
I still read financial news from time to time, I like to be aware of what’s happening so if there is a big change, I’m not caught off guard. But that’s mostly for psychological reasons. I aim never to touch the investments outside of rebalancing and other basic bookkeeping.
Until recently, I was using Google Finance for a quick snapshot of my investments. Google killed the portfolio feature, which is always a risk with a free tool, so now I rely on Personal Capital for that snapshot and big-picture planning.
So what’s the best tool for tracking investments? I’ll tell you what I liked about each of them and you can see which is the best one for you.
What Is A Stock Portfolio Tracker?
First, what are we talking about when we ask for the best stock portfolio trackers? We want a tool that can collect all of our investments and give us an understanding of how it is performing. Much like personal finance apps, we want it to be as seamless as possible and give us the ability to quickly analyze our holdings in a variety of ways.
As we list the best options below, we take into account the cost of the subscription (if there is one), as well as the speed and usability of the platform.
Personal Capital
I’ve been using Personal Capital for years and it’s one of my favorite tools. If you want a quick snapshot of your overall finances, this tool gives it to you pretty quickly once you connect all of your data sources. While I would say you shouldn’t be checking your finances every minute of every day (because it’s a waste of time), Personal Capital just makes it so that the waste of time takes a lot less actual time.
Personal Capital is safe, it has an Investment Checkup tool to give you an idea if your investments are on track, and it has a pretty good retirement calculator too based on your data. If you need budgeting, it can track expenses as well but it’s not as good at that as dedicated budgeting tools.
With Personal Capital, you get a lot of features absolutely free. And if you want to speak with a financial advisor, that’s always an option too. It’s not required but having it available is always nice.
Kubera Portfolio Tracker
Kubera is one of the newer entrants to the list and is a “modern” portfolio tracker in that it integrates well with brokerages as well as global banks, currencies, and crypto. The crypto component is what makes it modern, as compared to alternatives. If you want to keep track of your crypto alongside other familiar assets, Kubera is worth taking a look at.
It integrates with all of the major online brokerage accounts, it syncs with all the major banks, has the capability to track currencies, crypto assets (including DeFi on multiple chains), home value (uses Zillow), cars, metals, domain names, and, of course, your bank accounts.
One nice feature is that it has a “Life Beat Check” that checks for extended periods of inactivity and can send your portfolio to a designated beneficiary. If something happens to you, they will be notified – a nice little perk.
It has a one-dollar 14-day trial but then costs $15 a month or $150 a year.
Morningstar Portfolio Manager
I haven’t been using it for a long time but Morningstar Portfolio Manager is a tool that has been around for ages. It gives you the ability to track all of your investments in one place, keep track of price changes, pull in star ratings and other Morningstar data, while giving you insights and research from Morningstar. The portfolio manager does not link up your accounts so you have to enter your data manually (which may be a plus if you’re concerned about the security risk).
It’s available to the free membership. If you are a premium member, you get access to more of the tools – but tracking is free. I realize that’s all pretty vague but I wanted to include it in the list because they still offer it and there’s something to be said for longevity.
The premium service has a 14-day free trial too so you can check it out for free for two weeks to see if it works for you. Also, through our link, you get up to $100 off the Morningstar Premium subscription price if you decide to subscribe after the trial. We have a more detailed review of Morningstar Premium here.
StockRover Portfolio Management
StockRover offers the ability to link up your brokerage account and use its powerful analysis tools using your specific brokerage data. You will be able to analyze your portfolio against benchmarks and make key decisions using data, rather than gut feel or guesstimates. If you don’t want to connect your brokerage, you can enter it manually or use a spreadsheet import too. They support thousands of accounts including Vanguard, Charles Schwab, Fidelity, TD Ameritrade, Wells Fargo, E*Trade, Chase, and more.
Once you’ve set it up, you can get daily, weekly, or monthly reports showing performance as well as analyze it for a variety of metrics such as risk adjusted return, volatility, beta, IRR, Sharpe Ratio and more. It’s comprehensive and far more detailed than many others on this list. It really depends on how in-depth you wish to go.
StockRover has a free tier but you get more when you sign up for the paid services – read our review of Stock Rover for more information.
SigFig
SigFig was the first investment tracker I ever used. I signed up age ago because it was the only one that connected with E*Trade, TradeKing and Vanguard; the three brokers I used at the time. The interface is very simple, connecting accounts is seamless, and they’ve expanded the tools they offer since I first used it.
Until I moved to Personal Capital, I was using SigFig because it has beautiful charts:
I stopped using SigFig over ten years ago and since then they’ve added some new features I haven’t explored extensively. They’ve also added financial advisors who can help you manage existing investments, monitor your portfolio, and help you come up with a plan. They’re not pushy though, I’ve never been called about a consultation.
Google Sheets with Functions
If you like complete customization and your data secure on Google servers, you can create your own Google Sheet and pull data using a function provided by Google. The drawback is that you need to customize it and it’ll be a very manual process, but you control it and it will always be free. You do run the risk of the GoogleFinance function changing underneath you but so far that hasn’t happened in many years.
The core function to pull stock prices is simple:
=GoogleFinance(“TICKER”, “price”)
Where TICKER is the ticker symbol of the stock you’re tracking. This data can be delayed up to 20 minutes.
If you want to check Amazon, you put this into a cell and it’ll populate:
=GoogleFinance(“AMZN”, “price”)
The syntax of the function is available here. There is a huge menu of things you can do with the function, including show historical data, tables, etc. It’s very solid and hasn’t changed much, despite Google Finance being more tightly integrated into Google Search.
Sadly, Microsoft Excel is not a good alternative because there are no good functions to pull in data.
Google Finance
This was the first portfolio tracker I ever used.
I like Google Finance because the homepage gives you a handful of big stories (of which the headline alone gives you enough information) and then the portfolio tracking will pull in the major stories of your holdings.
I added my holdings as I acquired them, I removed them when I sold them, and I didn’t use any of the cash tracking for those purchases and sales. What’s nice about this set up is that it’s easy so simple.
But they recently got rid of the Portfolio tracking features. You can still track companies, it just looks weird, you just won’t be able to keep track of your basis.
I never used it to track my portfolio entirely, such as tracking cash inflows and outflows. I only used it to see how particular holdings were performing on a daily and overall level. Many of my individual stock holdings are now nearing their 10-year mark (acquired during the Great Recession) so it’s all green across the board (and thus not particularly useful).
stock portfolio management software
Free Portfolio Management Software
1. Personal Capital
Personal Capital may be the top free investment and portfolio management software for individuals. The platform, with mobile and desktop computer access has a load of features. The easy set-up takes a few minutes to sync your accounts after which your personalized dashboard is available. The Personal Capital finance dashboard incorporates all of your bank, credit card and investment accounts and gives you a 360 degree view of how your investments are performing along with other useful money information.
The Personal Capital portfolio tracking software and tools help you:
The investment check-up offers priceless tools – kind of like your best portfolio analyzer. The overriding question that the investment check-up answers is “Could your portfolio give you greater returns for a reasonable risk level?” The program answers this question by comparing your current asset allocation to the recommended target, and recommending improvements.
The retirement planner calculator tells you best and worst case retirement scenarios. It shows how much monthly spending your current portfolio will allow throughout retirement.
This is my “go to” resource to check on and analyze my investment performance, and income versus spending. It’s easy to use and automatically updates, unlike Quicken, (which I also use) where I must request an update to my portfolio. The net worth calculator even maintains an updated value of our home. And, while on the go – the portfolio management app is ideal for a quick check of your investment returns.
One of the best aspects of Personal Capital is how fast and seamlessly your accounts are linked! You can be up and running in minutes!
I was amazed at how fast my complicated investment portfolio was uploaded and analyzed. I have more than 10 accounts with multiple investments within each account. Here’s a sample image of a Personal Capital Dashboard with updated Net worth, cash flow and budgeting data.
I recently completed a retirement analysis, and increased my annual spending projections. The new retirement analysis showed that I’m still fine at the new spending level. It was fast and easy.
The only caveat with this tool is that you may need to field a call from a Personal Capital representative. Other than that, the tools are free to use. I consider Personal Capital a top contender for the best investment software. I appreciate how all of the accounts auto-populate so that I don’t need to input data. In fact, this free portfolio management software just might be superior to Quicken portfolio management software.
2. Mint
“Compare your portfolio to market benchmarks, and instantly see your asset allocation across all your investment accounts like 401(k), mutual funds, brokerage accounts, and even IRAs.” ~Mint free investment tracker
The popular and free Mint.com investment and money management web-based software has a lot going for it. With quick linking to your accounts, similar to Personal Capital, you get a quick overview of your financial picture. Mint tracks all of your financial accounts including credit, banking, investment and retirement. Mint also highlights your fees, so that you know how much of your money isn’t being invested for your future.
Mint offers these financial tools:
Mint claims to help “Get the right tools for your investment style.” The online portal offers tips and advice for both active and passive investors.
The Mint investment and portfolio tracking software is satisfactory for beginning investors seeking a free basic money management, saving, spending, budgeting, and tracking tool. Intermediate or sophisticated investors might prefer advanced stock portfolio tracking and management apps like Personal Capital or Quicken.
3. Quicken Premier 2022
Quicken’s been my go-to financial management software for decades and I continue to use both Quicken and Personal Capital to view and analyze our investment portfolios. Quicken launched an annual subscription model. This means that you need to renew annually or you’ll forfeit software updates. The program also has an online portfolio tracker app for on-the-go money management.
Similar to Personal Capital, after syncing your checking, saving, debt and investment accounts, you have a comprehensive financial management portal. The Quicken Premier platform is both basic money management, budgeting, debt tracking and cash management software as well as a comprehensive investment portfolio management program. The stock portfolio management software synchs with real time stock quotes and the Morningstar ® X Ray analysis tool.
Quicken premier investment management features include:
In addition to the investment capabilities there are robust income, expense, budgeting and money management capabilities. This all sounds great, but I’ve had problems downloading data from our bank account. I’m not certain if increased bank security is to blame or the Quicken program itself.
Quicken is only available as a subscription. They have discontinued their previous offers to own the program. I don’t love this extra cost, but it is consistent with many other software offers.
4. Investment Account Manager
Investment Account Manager software is sophisticated investment portfolio management software. The product was designed by professional money managers and used by investors globally since 1985. The goal of the software is to help you understand and manage your investment portfolios. The software for individuals is suitable for both newbies and seasoned investors. Actually, I used this software in one of it’s earlier iterations many years ago. (I reverted to Quicken due to Quicken’s ability to handle budgeting tasks along with investment management).
Investment Account Manager is designed for stock portfolio tracking and investment management, not budgeting, debt or other financial management tasks.
You can track an unlimited number of portfolios. Each investment portfolio is handled individually and transactions are segregated by account. This helps the investor to create portfolios by objective and track according to distinct parameters.
The reports section allows you to customize reports and even create reports that combine portfolios. For example, Investment Account Manager allows you to combine all portfolios and review your overall asset allocation (stocks, bonds, cash and other) and on a granular level by stock sector and size.
The data helps you determine if you’re meeting your investment goals. This pdf details the 20 distinct reports available through the Investment Account Manager. The reports include detailed cost basis data to customizable income reports and more.
As this software is for investment tracking only, you’ll find specific data for many types of assets including; cash, money market funds, US Government, agencies, and tax-exempt bonds, corporate bonds, preferred stocks, mutual funds, exchange traded funds, common stocks, options, and other investments.
Within the asset library, there’s detailed security data including:
You can download the data from your broker or input manually.
The rebalancing feature makes it easy to see if your portfolio is out of balance and what securities need to bought or sold to return to your preferred allocation. There’s even a sector weight allocation option.
Two more of my favorite features are benchmark comparisons and for individual stock owners, fundamental ratio analysis tools.
Additionally, Investment Account Manager also offers a professional version of the software for financial advisors.
There is so much meat in this software, that the serious investor and possibly the casual investor as well will benefit from the Investment Account Manager. The investment management software is compatible with the Windows operating system, and users can run the software on a Mac with windows emulating software.
You also get a 60 day free trial, which is quite generous! After the trial, the reduced fee is $99 per year and includes QuoteMedia data feed. Or, if you’d prefer not to renew annually, you can continue to use the software indefinitely, without access to program updates, tech support or the QuoteMedia data feed.
5. Morningstar Investor (Formerly) Portfolio Manager
This freemium portfolio analyzer allows investors to import or manually enter their holdings and gain valuable insights. The free Morningstar portfolio x-ray is one of the best investment tools and shows stock style diversification, sector and style breakdowns, geographical distributing and a summary of fees and expenses. This feature is also available through a Quicken membership, and the securities are already imported.
The Morningstar Portfolio Investor offers a free trial and then you’ll need to sign up for Morningstar premium, for continuing access.
The free Morningstar Portfolio Manager includes:
The premium investing portfolio management includes scores of features including: fund and stock screening, fundamental analysis ratios, portfolio x ray interpretation wih style, financial ratio, and expense analysis.
For more advanced investors, the premium subscription is well worth it. I’ve subscribed for years and use Morningstar not only for in depth portfolio analyzer but for fund and investment research. You can sign up for a free 14-day trial to the premium service. After that, the annual fee is $249 or $34.99 per month.
6. SigFig Portfolio Tracker
SigFig is a robo-advisor with a free online portfolio tracker. Although less comprehensive than Personal Capital, it’s worth a try. The free portfolio tracker offers:
Anyone can use the free SigFig investment manager. The tool offers mutual fund trackers and stock tracking software.
If you want to try their robo-advisory investment manager, SigFig is a competitive service and charges 0.25% AUM. Many low-fee robo-advisors require you to move all of your assets into the company account. SigFig offers portfolio management for investors with existing Fidelity, Schwab, or TD Ameritrade accounts. This is a convenient feature, especially if you have a larger portfolios and want to avoid the tax implications and complications of transferring your existing investments.
investment portfolio management software
The Best Investment Portfolio Management Software Makes Your Life Easier
Investors need the best portfolio trackers to monitor their mutual and exchange traded funds, individual stocks and bonds for many reasons. You want to examine your investment returns, fees, asset allocation, as well as plan for retirement and more. And you need the best personal investment software to do it right! Of course you can do it by hand or with an investment tracking spreadsheet, but with the excellent investment portfolio management software available, why bother? From free investment software, to a one-time payment or on-going fees, there has never been a better selection of investment software or stock portfolio tracking on the market. Both price and features matter and we’ll explore both.
*Disclosure: Please note that this article may contain affiliate links which means that – at zero cost to you – I might earn a commission if you sign up or buy through the affiliate link.
Best Free Investment Management Software for Individuals – Personal Capital Tutorial
We’ll start out with the free portfolio trackers and investment management software for individuals, next the investment and stock portfolio trackers that charge an ongoing fee. Embedded in many of the platforms is asset allocation software, to keep your investments in line with your goals and risk tolerance.
The best portfolio analyzer is one that meets your investing portfolio management, tracking and budget needs. We’ll cover investment tracking software, able to handle stock tracking, ETF and mutual fund trackers.
List of Best Portfolio Management Software
Free Portfolio Management Software
1. Personal Capital
Personal Capital may be the top free investment and portfolio management software for individuals. The platform, with mobile and desktop computer access has a load of features. The easy set-up takes a few minutes to sync your accounts after which your personalized dashboard is available. The Personal Capital finance dashboard incorporates all of your bank, credit card and investment accounts and gives you a 360 degree view of how your investments are performing along with other useful money information.
The Personal Capital portfolio tracking software and tools help you:
The investment check-up offers priceless tools – kind of like your best portfolio analyzer. The overriding question that the investment check-up answers is “Could your portfolio give you greater returns for a reasonable risk level?” The program answers this question by comparing your current asset allocation to the recommended target, and recommending improvements.
The retirement planner calculator tells you best and worst case retirement scenarios. It shows how much monthly spending your current portfolio will allow throughout retirement.
This is my “go to” resource to check on and analyze my investment performance, and income versus spending. It’s easy to use and automatically updates, unlike Quicken, (which I also use) where I must request an update to my portfolio. The net worth calculator even maintains an updated value of our home. And, while on the go – the portfolio management app is ideal for a quick check of your investment returns.
One of the best aspects of Personal Capital is how fast and seamlessly your accounts are linked! You can be up and running in minutes!
I was amazed at how fast my complicated investment portfolio was uploaded and analyzed. I have more than 10 accounts with multiple investments within each account. Here’s a sample image of a Personal Capital Dashboard with updated Net worth, cash flow and budgeting data.
I recently completed a retirement analysis, and increased my annual spending projections. The new retirement analysis showed that I’m still fine at the new spending level. It was fast and easy.
The only caveat with this tool is that you may need to field a call from a Personal Capital representative. Other than that, the tools are free to use. I consider Personal Capital a top contender for the best investment software. I appreciate how all of the accounts auto-populate so that I don’t need to input data. In fact, this free portfolio management software just might be superior to Quicken portfolio management software.
2. Mint
“Compare your portfolio to market benchmarks, and instantly see your asset allocation across all your investment accounts like 401(k), mutual funds, brokerage accounts, and even IRAs.” ~Mint free investment tracker
The popular and free Mint.com investment and money management web-based software has a lot going for it. With quick linking to your accounts, similar to Personal Capital, you get a quick overview of your financial picture. Mint tracks all of your financial accounts including credit, banking, investment and retirement. Mint also highlights your fees, so that you know how much of your money isn’t being invested for your future.
Mint offers these financial tools:
Mint claims to help “Get the right tools for your investment style.” The online portal offers tips and advice for both active and passive investors.
The Mint investment and portfolio tracking software is satisfactory for beginning investors seeking a free basic money management, saving, spending, budgeting, and tracking tool. Intermediate or sophisticated investors might prefer advanced stock portfolio tracking and management apps like Personal Capital or Quicken.
3. Quicken Premier 2022
Quicken’s been my go-to financial management software for decades and I continue to use both Quicken and Personal Capital to view and analyze our investment portfolios. Quicken launched an annual subscription model. This means that you need to renew annually or you’ll forfeit software updates. The program also has an online portfolio tracker app for on-the-go money management.
Similar to Personal Capital, after syncing your checking, saving, debt and investment accounts, you have a comprehensive financial management portal. The Quicken Premier platform is both basic money management, budgeting, debt tracking and cash management software as well as a comprehensive investment portfolio management program. The stock portfolio management software synchs with real time stock quotes and the Morningstar ® X Ray analysis tool.
Quicken premier investment management features include:
In addition to the investment capabilities there are robust income, expense, budgeting and money management capabilities. This all sounds great, but I’ve had problems downloading data from our bank account. I’m not certain if increased bank security is to blame or the Quicken program itself.
Quicken is only available as a subscription. They have discontinued their previous offers to own the program. I don’t love this extra cost, but it is consistent with many other software offers.
4. Investment Account Manager
Investment Account Manager software is sophisticated investment portfolio management software. The product was designed by professional money managers and used by investors globally since 1985. The goal of the software is to help you understand and manage your investment portfolios. The software for individuals is suitable for both newbies and seasoned investors. Actually, I used this software in one of it’s earlier iterations many years ago. (I reverted to Quicken due to Quicken’s ability to handle budgeting tasks along with investment management).
Investment Account Manager is designed for stock portfolio tracking and investment management, not budgeting, debt or other financial management tasks.
You can track an unlimited number of portfolios. Each investment portfolio is handled individually and transactions are segregated by account. This helps the investor to create portfolios by objective and track according to distinct parameters.
The reports section allows you to customize reports and even create reports that combine portfolios. For example, Investment Account Manager allows you to combine all portfolios and review your overall asset allocation (stocks, bonds, cash and other) and on a granular level by stock sector and size.
The data helps you determine if you’re meeting your investment goals. This pdf details the 20 distinct reports available through the Investment Account Manager. The reports include detailed cost basis data to customizable income reports and more.
As this software is for investment tracking only, you’ll find specific data for many types of assets including; cash, money market funds, US Government, agencies, and tax-exempt bonds, corporate bonds, preferred stocks, mutual funds, exchange traded funds, common stocks, options, and other investments.
Within the asset library, there’s detailed security data including:
You can download the data from your broker or input manually.
The rebalancing feature makes it easy to see if your portfolio is out of balance and what securities need to bought or sold to return to your preferred allocation. There’s even a sector weight allocation option.
Two more of my favorite features are benchmark comparisons and for individual stock owners, fundamental ratio analysis tools.
Additionally, Investment Account Manager also offers a professional version of the software for financial advisors.
There is so much meat in this software, that the serious investor and possibly the casual investor as well will benefit from the Investment Account Manager. The investment management software is compatible with the Windows operating system, and users can run the software on a Mac with windows emulating software.
You also get a 60 day free trial, which is quite generous! After the trial, the reduced fee is $99 per year and includes QuoteMedia data feed. Or, if you’d prefer not to renew annually, you can continue to use the software indefinitely, without access to program updates, tech support or the QuoteMedia data feed.
5. Morningstar Investor (Formerly) Portfolio Manager
This freemium portfolio analyzer allows investors to import or manually enter their holdings and gain valuable insights. The free Morningstar portfolio x-ray is one of the best investment tools and shows stock style diversification, sector and style breakdowns, geographical distributing and a summary of fees and expenses. This feature is also available through a Quicken membership, and the securities are already imported.
The Morningstar Portfolio Investor offers a free trial and then you’ll need to sign up for Morningstar premium, for continuing access.
The free Morningstar Portfolio Manager includes:
The premium investing portfolio management includes scores of features including: fund and stock screening, fundamental analysis ratios, portfolio x ray interpretation wih style, financial ratio, and expense analysis.
For more advanced investors, the premium subscription is well worth it. I’ve subscribed for years and use Morningstar not only for in depth portfolio analyzer but for fund and investment research. You can sign up for a free 14-day trial to the premium service. After that, the annual fee is $249 or $34.99 per month.
6. SigFig Portfolio Tracker
SigFig is a robo-advisor with a free online portfolio tracker. Although less comprehensive than Personal Capital, it’s worth a try. The free portfolio tracker offers:
Anyone can use the free SigFig investment manager. The tool offers mutual fund trackers and stock tracking software.
If you want to try their robo-advisory investment manager, SigFig is a competitive service and charges 0.25% AUM. Many low-fee robo-advisors require you to move all of your assets into the company account. SigFig offers portfolio management for investors with existing Fidelity, Schwab, or TD Ameritrade accounts. This is a convenient feature, especially if you have a larger portfolios and want to avoid the tax implications and complications of transferring your existing investments.