Share Portfolio Management Software

A portfolio management software can help you manage your investments with ease. It allows you to keep track of all the stock market trades, their prices and values, as well as other financial transactions in a single place. A portfolio management software can be used by both experienced traders and beginners who are just getting started with the investing world. There are many different types of such programs available on the internet but not all of them have all of the features that you might need to make your trading experience easier and more efficient.

In this guide, we review the aspects of Share Portfolio Management Software, private equity portfolio management software, investment account manager, and portfolio management software for advisors.

Share Portfolio Management Software

A portfolio management software can help you manage your investments with ease. It allows you to keep track of all the stock market trades, their prices and values, as well as other financial transactions in a single place. A portfolio management software can be used by both experienced traders and beginners who are just getting started with the investing world. There are many different types of such programs available on the internet but not all of them have all of the features that you might need to make your trading experience easier and more efficient. In this article we will talk about some of our favorite examples from each category so that you can decide which one would work best for you!

GainsKeeper

GainsKeeper is a portfolio management tool created by two financial analysts who wanted to create an easy-to-use application to help people manage their investments. It’s cloud-based, so you can access it from any device with an internet connection. GainsKeeper is free to use and has versions available for Mac, Windows and Linux systems.

StockMarketEye

StockMarketEye is a portfolio management software that allows you to track your investment performance. You can manage your investments and view real-time market data, create an account, and start investing in minutes. The app is available for both iOS and Android devices so you can use it on the go.

HelloTrade Global Trade Network

HelloTrade Global Trade Network is a cloud-based portfolio management software that monitors and manages the performance of your portfolio. The software provides real time data for all your trades, so you can easily track your positions, risk levels and performance history. It also provides a complete view of your portfolio including market history and trading performance.

HelloTrade Global Trade Network helps traders by giving them access to leading exchange platforms with single log-in functionality on any device including mobile devices such as tablets and smartphones. The platform offers 24/7 support from their customer service team, who are based in London or New York City (depending on where you live)

private equity portfolio management software

Fund Metrics Dashboarding

Tracking fund performance can be complicated and time consuming for Venture Capital Firms. Diligent Equity makes it easy by centralizing key fund and company data too automatically calculate performance.

Centralized Portfolio Company Reporting

Venture Capital firms struggle to easily report on the performance of their portfolio companies. Diligent Equity centralizes your company’s cap tables and performance to make customized analysis of the portfolio easy.

Run Complex Scenario Analysis In Minutes

Easily understand potential outcomes for your fund and companies and how they impact your funds’ returns. Do all this in minutes vs. hours of spreadsheet work.

Integrate Data Into Other Key Systems

High-functioning Venture Capital firms rely on many key systems, and need data to flow back and forth freely. Our API makes this possible.

Diligent Equity’s powerful what if scenario planning feature completely suits our VC needs, allowing us to easily create multiple investment scenarios and compare them side-by-side, eliminating the need for cumbersome spreadsheet calculations.

– Viola Ventures

Our cap table is complex, and Diligent’s platform handles it all – our financing rounds, certificates and employees’ options. Their automatic document generation workflow and electronic signatures saves us time and money and eliminates errors.

– Clicktale

As all of our options, terminations and transactions are managed in Diligent Equity, we know that the ASC 718 reports we create with Diligent are correct and have taken all factors into consideration and can send them directly to our auditors. Diligent is a one-stop-shop for stock administration and accounting purposes – highly recommended.

investment account manager

An investment vehicle where a professional manager oversees a pool of assets at the plan level

What is a Managed Account?

A managed account is a portfolio of stocks or bonds – or a combination of the two – that is owned by a single manager. The investor hires a professional investment manager to oversee the account’s operations to achieve specific objectives, such as long-term growth or current income. It is a way for an institutional investor or individual investor to benefit from a private investment manager’s professional expertise.

The investment manager exercises discretionary authority over the account, allowing him to make investment decisions relating directly to the owner’s goals and needs, asset size, and risk tolerance. Professional money managers tend to actively oversee such accounts because the markets in which they are invested are continually changing.

Summary

How It Works

Management of a personal account involves three key players – the client, the financial advisor, and the investment manager. Each of the players enters a partnership with different goals but works together to please the principal owner of the account. What sets the financial advisor and the investment managers apart is their individual perspectives.

While the manager concentrates on monitoring and adjusting the managed account’s investment options, the financial advisor focuses on all aspects of the investor’s financial situation. Clients invest in managed accounts to meet specific financial goals. The account may contain cash, titles to property, or financial assets.

Provided that the professional investment manager conducts the transactions according to the client’s objectives, he does not need the principal client’s prior consent to sell and purchase assets. It is mainly driven by the idea that the money manager owes the principal client a fiduciary duty and must act with utmost loyalty and good faith, or potentially face criminal or civil penalties for breach of contract and lose the right to compensation. The investment manager will typically disclose all material facts concerning the account’s holdings and performance.

Managed accounts typically come with substantial minimum investment requirements and transactional fee structures. Many investors usually kick-start their investments with a minimum of $250,000, though some money managers may also accept managed accounts with minimums such as $100,000 and $50,000.

The proportion of the assets under management (AUM) determines the manager’s annual fee. The amount of pay varies considerably by a manager, but 1% and 2% of AUM are the most common. In addition, the account’s asset size determines the amount of the discount that managers offer, meaning that the smaller the portfolio, the larger the percentage fee. Since the fees are investment expenses, they are tax-deductible.

Managed Accounts vs. Mutual Funds

The similarity of managed accounts and mutual funds is in their active management of portfolios or pools of money that are invested over various classes of assets. A mutual fund is technically a type of managed account in which a professional money manager is hired by the fund company to oversee investments in the fund’s portfolio.

Similar to managed accounts, the manager possesses full discretionary powers over day-to-day investment decisions, which are tailored to the fund’s overall objectives. Investment of mutual funds hit a record high in the 1950s, and during the period, mutual funds were touted as investment vehicles for small retail investors to garner experience and professional expertise in money management. Previously, the service was a preserve for high-net-worth investors.

Pros and Cons of Managed Accounts (Compared to Mutual Funds)

Managed accounts and mutual funds are becoming increasingly popular among high-net-worth investors. Investors often turn to private money management because of the vast array of options available today. In such arrangements, clients are freed from cumbersome involvement in individual transactions. Some of the advantages and disadvantages of managed accounts over mutual funds are as follows:

Management and Transactional Considerations

In terms of management, professional fund managers are hired to oversee managed accounts and mutual funds. Managed accounts are customized to match certain risks, objectives, and client’s needs. Mutual funds are managed on behalf of other mutual fund holders and are adjusted to suit investment and return objectives.

In terms of transactions, managed accounts may be slower. For example, a full investment may get delayed because the client has not provided the full amount of money needed.

In contrast, mutual funds transactions are way faster since assets may be bought and redeemed daily, as desired. However, some penalties abound when mutual funds are redeemed before holding for a certain period of time.

portfolio management software for advisors

Whether you’re an individual investor or a portfolio manager, the right portfolio management software can make a huge difference. The best software provides valuable tools to help you better analyze your overall portfolio and each investment individually. It can screen potential investments, track what’s in your portfolio and simplify reporting. We’ve compiled a list of eight of the best portfolio management software tools available today. If you’re looking for more help in managing your portfolio, consider working with a financial advisor who can manage the whole process and help you reach your financial goals. 

What Is Portfolio Management Software?

Portfolio management software tracks your investments, analyzes investments and performs other financial functions. They track your investment performance, values and cost basis, to name a few. It can be difficult to figure out how to allocate your assets and know that you’ve made the right decision. Instead, you can use these software tools to help you see how each investment is performing and to determine where changes might be needed.

There are many different types of options available that manage the whole process but you’ll also see some tools that offer a single function, such as showing the performance of your whole portfolio. Prices for the most popular applications range from free to hundreds of dollars per year. The cost depends on which company offers the software and which features you want.

Best Portfolio Management Software

The best portfolio management software performs all of the necessary functions you might be looking for in a portfolio management tool and each does it at a reasonable price. Many investors prefer to use free software to save money. However, you may be better off paying a fee to unlock additional superior features or eliminate ads. While these are some of the most popular tools, the right one for you will depend on what your financial goals are and how much investment savvy you currently have.

1. Personal Capital

Personal Capital is a free investment and portfolio management software for individuals. Investors sync their banking and investment accounts with Personal Capital. This creates a dashboard of their entire portfolio, even if the accounts are at multiple financial services companies. The software analyzes your cash flow and tracks your investment performance. Furthermore, it also calculates your net worth and reviews your asset allocation.

2. Simplifi by Quicken

Simplifi is a money management tool that requires a $3.59 monthly fee (when billed annually). It keeps track of your bank accounts, loans and investments so you can monitor your spending, follow your budget and analyze your investments. This app connects to over 14,000 financial institutions, which makes importing your accounts quick and easy.

3. Quicken Premier

This all-in-one portfolio management software tracks your entire portfolio in one place. It also manages your bills and prepares your taxes with auto-generated reports. Customers can leverage robust analysis tools to review their investments and grow their portfolios. Tools include what-if analysis for loans and investments to pay off debt and plan for your financial future. This tool is available for $5.99 per month.

4. Mint by Intuit

Mint is the original personal financial management app and it is a good choice for beginner investors. There are no monthly fees, but it does have ads, which can be a nuisance. If you want to remove the ads and access advanced features, you’ll need to pay a $4.99 monthly fee. Customers can link their bank, loan and investment accounts to the app to receive an overview of their finances. Mint tracks your spending, portfolio performance and credit score so you can monitor progress towards your goals.

5. Morningstar Instant X-Ray

Morningstar is one of the most respected names in investment research. Its Instant X-Ray service provides an in-depth analysis of your portfolio. With this tool, you can drill down into your mutual funds to uncover the individual investments inside each fund and see a cross-fund asset allocation, sector weightings, geographic distribution and expense ratios.

This analysis uncovers potential overlaps within your portfolio that are hidden from view. Morningstar charges $34.95 per month or $249 per year for this advanced analysis tool. However, you can start a free 7-day trial if you want a glance at your portfolio or to determine if the tool is worth the money.

6. Ziggma

Ziggma is an all-in-one portfolio management solution that offers both a free and a paid version. The free version is suitable for most investors and includes features like portfolio analytics and tracking, a stock and ETF screener, the ability to sync your investment accounts and a portfolio dividend schedule. The paid version is available for $9.90 per month ($90 per year) and includes advanced features, like a top-50 stock list, portfolio simulations, smart alerts and model portfolios.

7. Kubera

This modern portfolio tracker caters to advanced investors who want more in-depth detail on their investments. In addition to tracking all of your traditional investments – stocks, bonds, mutual funds, ETFs, etc. – it also tracks the value of cryptocurrencies and NFTs.

You can also include the value of your home, vehicles, precious metals and websites. It supports over 20,000 global banks, brokerages, stocks and international currencies. Kubera provides an internal rate of return (IRR) on every investment and a recap of your performance to monitor how it has changed over time. Sign up for $150 annually, or start a 14-day trial for just $1.

8. StockRover

StockRover provides investment research and portfolio management for every budget. Investors have one free and three paid plans to choose from, based on what features they want to unlock. The free version offers portfolio management, integration with your brokerage accounts and a portfolio dashboard with detailed performance information. Paid versions range from $7.99 to $27.99 per month ($79.99 to $279.99 per year) and include increasing levels of sophistication.

The Bottom Line

As an investor, it is important to use tools to track your progress towards your goals. The best portfolio management software options monitor your portfolio’s performance while incorporating your other assets to provide a complete picture of your finances. They also enable you to review your current assets and screen potential investments to make informed financial decisions. While many of these applications are free, you should consider paying for a service if it offers the advanced functionality and tracking that’s important to you.

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