Whether you are an individual looking for paid or free personal financial portfolio management, a professional money manager, a trader, a financial advisor, a portfolio manager, a hedge fund manager, or a broker, staying on With the many different investment management software and investment tracking software options available on the market today, how do you decide which investment portfolio management software is best for your individual needs or for your clients’ needs?
Based on a lot of emails and questions that we have received from our readers, AdvisoryHQ’s editorial team decided to conduct extensive research to identify the top portfolio trackers and investment management tools that are best matched for you.
Top 6 Best Investment Portfolio Management Software | Brief Comparison & Ranking
Ideal for everyone from individuals, investors, portfolio management firms, wealth advisors, financial advisors, hedge funds, brokers, investment managers, and private equity firms, the best portfolio management software and investment tracking software is right here for your perusal. When you initially started out, managing a relatively small stock, bonds, or fixed asset investment portfolio was a fairly easy task. In place of an advanced investing portfolio management software, a simple Excel spreadsheet might have sufficed for conducting investment portfolio management and securities tracking.
portfolio management software and simple portfolio tracker spreadsheets will no longer meet your investment analysis and portfolio management needs. That’s why highly sophisticated investment management software tools have become such a huge boon to the wealth management and investing industry. The best portfolio and investment management software will allow you to keep track of multiple portfolios, as well as a wide range of IRAs, 401(k) accounts, investment portfolio accounts, brokerage trading accounts, stocks, bonds, fixed assets, derivatives, high yielding savings accounts, international assets, structured instruments, and many more. Below, please find a detailed review of each software on our list of best portfolio management software.
We have highlighted some key factors that allowed these investment management software tools to score so high in our selection ranking.
Personal Capital Wealth Management | Review
If you understand nothing else about Personal Capital’s investment management and portfolio tracking software, understand this: this software is revolutionizing wealth management. Founded in 2009 by Bill Harris (previous CEO of PayPal and also Intuit), Personal Capital is an all-in-one personal finance, money management, portfolio management, and robo-advisory platform. 360-View of Your Financial Analysis and Portfolio Tracking One of the highly acclaimed features of Personal Capital’s wealth management software is that it allows you to get a 360 view of your investments, as well as your day to day financial transactions in real time. You can see money going into your accounts and money going out, expenses that are coming due in the near future, your combined portfolio assets, and many more. It’s like having your own highly advanced portfolio algorithm machine.
Key Factors That Enabled This Software to Rank as One of the Best Portfolio Management Software
For more details on how Personal Capital came to be on AdvisoryHQ’s list of the top investment and portfolio management software, see our detailed breakdown of this investment management software below.
Having multiple investments and income streams is a good thing, but keeping track is a major pain point for most investors and high-net-worth individuals. The Personal Capital dashboard offers you easy and quick access to a consolidated view of all your accounts in one place, including checking, savings, CDs, mutual funds, credit cards, 401(k)s, mutual funds, and other securities. Right now, do you know exactly how much you are worth? Most people don’t. With Personal Capital’s wealth management system, you get a real-time view of your net worth any time you log into your account and click on your dashboard.
Top Rated Free Investment Management Software for all Investors
Although Personal Capital is rated this year’s top free investment management software for individual investors, portfolio and asset managers also use Personal Capital to manage their own personal investments and portfolios, as well as for tracking their daily financial budgeting and transactions. This is possible based on the software application’s holistic “portfolio management and personal finance” capabilities, which involves budgeting, financial planning, portfolio analysis, expenses tracking, and many features that are used to manage both your daily personal financial situation, as well as your investment portfolios.
As mentioned above, Personal Capital’s portfolio management platform gives you everything that you need to gauge, monitor, and optimize your investment portfolio holdings as well as all of your other finances (accounts, credit, home equity, etc.). This is possible because this top investment tracking software allows you to link all of your external financial (banks, credit cards, and other) accounts, and get immediate access to a comprehensive and holistic view of your financial life.
Personal Capital Allows You to See What Hidden Investment Fees Are Costing You.
Although Personal Capital provides a free money management software, they do charge a small fee if you need to use their services to invest or if you want one of the firm’s financial advisors and investment managers to manage your assets. However, their fees are much less than the 1% average financial advisor fee that traditional portfolio managers and brokers are charging today (See below section on pricing). Do you realize that as an investor, you could be losing thousands of dollars in hidden fees in your mutual fund, investing, and retirement accounts? Mutual funds and investment brokers sometimes recommend investments that pay them the highest levels of commissions. They also impose additional fees, including account opening fees, maintenance fees, and investing fees.