In order to make the right investment decisions, a person needs to know exactly what his or her goal is. It is of no less importance to understand at what stage the person is at in achieving it. For this purpose, it is important to be able to see your financial situation as a whole. The best portfolio analysis tools discussed below will help you achieve it. By means of them, you can combine information about your assets in one place and study the full picture.
In compiling this rating, the authors have observed strict editorial integrity. But it should be taken solely as a source of information, not a recommendation to use this or that service.
Table of Contents
Best Portfolio Analysis Tools List
Below are the top portfolio analysis tools along with brief service characteristics.
|Paid tariffs price
|Tracking of real estate and other physical assets
|A variety of tools for budget planning
|Availability of robo-advisor
|Optimal quality ratio of budget planning and portfolio analysis tools
|Morningstar Portfolio Manager
|Proprietary asset valuation system
|A large number of free features
|Best dividend accounting service
|Maximum set of assets available for tracking
|Powerful portfolio analysis tools
|Possibility to use the service for free
|Investment account manager
|Large set of tools for in depth analysis
|$99 one time
|Completely free portfolio analyzer, proprietary company rating system
Kubera is a holistic wealth management system. It provides no opportunity to analyze the portfolio as deeply as some other platforms. The purpose of this service is to track an investor’s current wealth, monitor the dynamics of its growth and make forecasts for the future.
Although the platform has only been operating since 2019, it already co-operates with more than 20 thousand banks and brokers. This allows you to automatically transfer information about almost any account.
Kubera also supports the account shearing function. An investor can quickly provide access to information about their assets to a financial advisor.
Main functions of the service:
- Possibility to add information not only about investments in the form of securities and mutual funds, but also about cryptocurrency, NFT, real estate, cars, etc. It is available to take into account financial data on the most original assets, such as domain names.
- Presence of simulators that allow you to stress-test your portfolio and find weaknesses in it.
- Tools for factor analysis of the portfolio.
- Convenient data visualization that allows you to assess capital allocation by asset classes, analyze sector weightings, etc.
- Tools for quick net income evaluation, tax liabilities to which a given transaction will lead, search for the most profitable assets in the investor’s portfolio, etc.
One of the features worth using Kubera for is the forecast analysis with different scenarios. It allows you to plan capital growth taking into account expenses that you expect to incur, such as tuition fees.
The service will also be useful for people who invest in favour of children. Kubera offers the use of a beneficiary manager to ensure timely portfolio transfers.
The cost of using the service:
- $1 for the first 2 weeks of trial connection;
- $150 per year for a personal account;
- $225 per year for a family account.
The advantages and disadvantages of Kubera are summarized in the table.
|Large number of available assets, which allows you to track multiple portfolios in one service
|There is no completely free tariff
|Possibility to take into account the current price of real estate, cars and other assets not related to the stock market
|No investment portfolio tracker app
|One of the best platforms for net capital valuation
|Lack of tools to analyze securities in depth
|Interface nativeness, ease of information transfer
|No recommendations on asset selection
Bottom line: The Kubera platform is primarily suited for high net worth individuals. The platform is focused on a well-diversified portfolio, it allows you to take into account LPs, venture capital investments, rental properties, etc. Besides, this service is also recommended for crypto investors, especially those who work with NFT. A person whose capital is only concentrated in securities will not be interested in many of Kubera’s features.
The Mint platform has been in operation since 2009. The free portfolio tracker presented here allows you to track a limited list of assets. It includes:
- mutual funds;
- real estate;
The main option of the Mint platform is the money management capabilities. Here the user can track information about all accounts at once. In addition to standard brokerage and retirement accounts, information about any financial accounts can be added to the service:
- current accounts and deposits;
- credit cards, consumer loans;
- insurance products, etc.
The main feature of the service is that it is available completely free of charge. But the main focus here is on debt tracking and personal finance planning. The investment tracker is actually an auxiliary function. But it gives the user the following opportunities:
- Track costs of commissions and fees.
- Compare portfolio performance to that of the broad market.
- Monitor the adequacy of the asset mix to the target allocation of assets.
- Consider the returns generated.
- Compare asset pairs in terms of returns.
As a portfolio management software, the Mint platform is inferior to the other resources on the list. It is not suitable for controlling tax efficiency, finding new assets for your portfolio, accounting for venture capital investments, and so on.
But Mint is indispensable for savings planning and budget allocation. The service allows you to track your credit rating and offers many other features that help you control your financial situation and keep your accounts organized.
Mint is a must for anyone who wants to learn how to manage their cash flow. Joining this service will be a great first step from the habit of living in debt to the ability to consistently and purposefully build your own capital.
The main task of the platform for its owners is to attract clients and advertise other digital resources for investment management.
The advantages and disadvantages of the service are summarized in the table below.
|Limited set of options for analyzing securities
|Excellent account control capabilities
|Lack of recommendations to improve portfolio profitability
|Availability of an personal finances and investment portfolio management app
Bottom line: The Mint service is only suitable for a beginner investor with a small amount of capital spread over a small number of assets. But it is a great option for those who are looking for completely free access to analysis tools or are only interested in budgeting.
SigFig is another free investment checkup tool. An important benefit is the presence of a robo-advisor. The program not only analyzes the current state of the portfolio, but also suggests an “ideal” variant of asset allocation. However, its selection is quite simple – based on the user’s answers to several questions.
With SigFig you can analyze your portfolio by the following parameters:
- degree of diversification based on asset class allocation, geography and base currencies;
- level of commission and fee costs;
- profit/loss ratio;
- the fundamentals of the companies whose stocks the investor owns.
The service allows you to quickly identify if the weight of any asset has become excessively large or to see if the portfolio deviates from the parameters recommended. SigFig allows you to consider not only stocks and bonds, but also cash and cash equivalents.
The main feature of the SigFig platform which made it among the best portfolio analysis tools is the ability to provide automated reinvestment and rebalancing capabilities. Other important features:
- searching for tax optimisation options;
- calculation of the contributions required to fulfill the set objectives;
- the opportunity to receive free financial counseling.
Tools for analyzing assets are provided to the user completely free of charge. When a user wants to connect the automatic portfolio management service, the commission fee will be 0.25% for amounts over $10 thousand.
Advantages and disadvantages of the platform are given in the table.
|Free access to in depth analysis tools
|Limited report customisation tools
|Automation tools can be used at a competitive fee
|Inability to track cash in bank accounts and other assets outside of brokerage accounts
|Specific recommendations on how to improve the investor’s portfolio
|High threshold of account management function connection (from $2 thousand)
|Easy synchronization of user account data
|The service is not proper for modeling different portfolio development options
Bottom line: The SigFig platform is proper for investors focused only on the stock market. It does not allow considering other components of capital – real estate, cryptocurrency, collectibles, etc. Probably, the service’s capabilities will not be enough for people with a portfolio that includes many different asset classes. But it is a great option for those who are looking for free in depth analysis tools and investment recommendations.
Quicken is a platform that allows you to visualize all your financial accounts on one screen. It is one of the oldest services presented in the review and can be considered the best portfolio analyzer software. Its history dates back to 1982.
Nowadays, the platform supports the import of account data from 14 thousand banks and investment companies. Quicken makes it possible to take into account:
- stocks, bonds, and investments in ETFs and mutual funds;
- options on various underlying assets;
- real estate and other property.
Besides the ETF and other asset portfolio analyzer, Quicken Premier has several other features. Like Mint, it allows you to manage your financial flow, control expenses and forecast savings growth. With this service, you can plan future spending and track how it will affect your accounts.
The main feature of this investment analysis tool is its focus on a wide range of users. It will suit both people who are just starting to think about budget planning and experienced investors and business owners. The financial tracker offered by the platform will be a great tool for clients with a wide variety of assets, from bonds to real estate.
Tools for analyzing investment accounts make it possible to track:
- income received and estimated capital gains;
- asset allocation by classes and other characteristics;
- internal rate of return, return on investment, etc.
A handy feature of the programme is the automation of tracking the bond maturity and expiration of savings certificates. It can also help you prepare documents for the IRS and optimize your tax costs.
Quicken offers several pricing plans with different options. A user who wants to track their investment portfolio would go for Quicken Premier. The cost is $50.28 per year for new customers. There is no free trial period. With Quicken Premier, however, when you don’t like the service, you can get your money back within the first 30 days of payment.
The advantages and disadvantages of Quicken are summarized in the table below.
|Easy customisation of reports
|Lack of a mobile app for investment tracking
|Ability to compare the current state of the portfolio with the target asset allocation
|No free trial period
|Personal finance management functions
|Yearly subscription only
Bottom line: Quicken is proper for people who are looking for a wide range of opportunities to control their budget and investment portfolio. Both beginners and experienced investors will find the service convenient, since it supports a wide range of assets.
Morningstar Portfolio Manager
Morningstar Portfolio Manager is a platform with a large number of portfolio management tools aimed at long-term investors. It operates from 2022, but it is already a convenient service that allows you to link accounts opened with more than 15,000 financial companies. Here you can combine information on stocks, funds, bonds and savings deposits.
With the Morningstar X-Ray tool, the user gets:
- information on the portfolio’s asset allocation by sector, country, etc;
- comparison with benchmark portfolios of different risk levels;
- the ability to control fees and expenses, and much more.
The service can rightly be considered the best portfolio analysis tool. It offers the maximum number of reports so that an investor can look at their assets from any point of view. For example, it allows you to assess the distribution of your capital by companies of different capitalisation, as well as by the growth company/value company parameter.
The main features of the service compared to those discussed above are:
- an excellent stock scanner for a variety of parameters;
- a selection of stock news relevant to the user’s assets;
- a community of authors who publish useful content;
- Morningstar’s own rating, based on which investors can select assets for their portfolios.
Another useful feature is the stock overlap checker. When an investor contributes money to different ETFs and mutual funds, they may believe that their portfolio is well diversified. Morningstar Portfolio Manager will make sure these funds have no large positions in the same stocks.
The following terms and conditions apply to becoming a user of the service:
- First 7 days at no charge;
- $34.95 if you pay monthly;
- $249 if you purchase an annual subscription.
For beginners or people who don’t want to dive deep into stock market research, Morningstar’s features may seem unnecessary and the price overpriced. The platform is also not recommended for those who are primarily focused on budget management tools rather than securities.
The advantages and disadvantages of Morningstar Portfolio Manager are summarized in the table below.
|Variety of reports and portfolio analysis tools available
|High price compared to other services
|Powerful security scanner
|No accounting tools for real estate and other alternative assets
|Opportunity to get investment recommendations
|Budgeting tools are inferior to other services
Bottom line: The Morningstar platform is designed for experienced investors with large portfolios who would be able to appreciate the analysis capabilities offered. The high price of the service is fully compensated by the variety of tools available.
Stock Rover is a platform focused exclusively on the US stock market. It is one of the best mutual fund portfolio analyzers (more than 40000 options are available for research). Moreover, here you can find information about 8500 North American companies and 4000 ETFs. The service will not suit people who use country diversification, cryptocurrencies, and trade on Forex.
Stock Rover is included in the list of the best portfolio analysis tools for the opportunities it gives to investors who prefer US companies. With the help of this platform, the user can get maximum information about their assets:
- Forecast future dividend income.
- Use Monte Carlo simulation tools to study the entire portfolio development potential in different situations.
- Monitor asset correlations.
- Track investment performance against different benchmarks.
- Measure metrics such as portfolio volatility, beta coefficient, Sharpe ratio, rate of return, etc.
- See which assets maximize returns and which ones underperform.
An important feature valuable for investment tracking is automatic market alerts. The user can set up notifications for many important triggers. Stock Rover also offers automatic reports on portfolio status. Those who manage family capital will benefit from the ability to use multiple accounts.
The platform simplifies the rebalancing process – the investor can see which parameters of his portfolio deviates from the “ideal” distribution of assets by classes, sectors and individual securities. The programme suggests specific trades that can improve the situation.
In addition to the analysis tools, the Stock Rover user has access to a stock scanner. The platform also offers a proprietary rating system designed to assist in finding the most promising securities.
Much of Stock Rover’s functionality is available for free. Paid plans allow you to expand the service’s capabilities. For example, more than 700 financial metrics are available on the maximum plan.
The cost for a month of use is:
- $7.99 on Essentials;
- $17.99 on Premium;
- $27.99 on Premium Plus.
When the user pays for a year or 2 at a time, they get a discount.
The advantages and disadvantages of this portfolio management software are summarized in the table below.
|A large number of free functions
|Limited number of tracking tools available
|Huge set of tools for portfolio analysis
|Lack of mobile applications
|Asset selection assistance
Bottom line: The Stock Rover platform provides almost limitless opportunities to analyze a portfolio of US securities. Its paid plans are designed primarily for investors who understand the stock market well and need maximum data. Beginners are likely to find all the information they need by taking advantage of the free membership.
Sharesight is considered to be the best of the portfolio analyzer tools for dividend-weighted securities. The service has been operating since 2008 and combines data on trades taking place on 40 stock exchanges. Here you can track:
- mutual funds and ETFs;
- various properties.
The strongest point of this platform is passive income accounting. The investor gets maximum information about their cash flow in terms of each source. Sharesight also demonstrates excellent functionality in the tax report preparation.
The service also provides opportunities to track capital gains and the impact of currency fluctuations. Sharesight helps to control the distribution by asset classes and the degree of portfolio diversification.
The creators of the platform offer several tariff plans. Free access gives the opportunity to track just one portfolio consisting of no more than 10 assets. In addition, the user will be severely limited in the number of reports.
Depending on the chosen plan, the monthly subscription price is:
- $15 on the Starter plan;
- $24 on the Investor plan;
- $31 on the Expert plan.
At the maximum tariff, 10 different portfolios can be accounted for. The number of assets available for tracking is unlimited.
The platform supports comparison of results with a benchmark, as well as with the investor’s past performance. But information about previous transactions will have to be uploaded manually. Many users also find the process of transferring information about new transactions inconvenient. Another common feedback is the inability to account for short trades.
Sharesight is suitable for all investors from beginners to professional ones. Thanks to flexible tariff plans, it will be convenient for users with different portfolio sizes. However, when a person needs maximum analytical information on assets rather than dividend income, this site may seem insufficiently functional.
The advantages and disadvantages of the platform are summarized in the table.
|Data from most of the world’s stock exchanges is available
|Full feature set costs higher than the market average
|User-friendly comparison of portfolio results with the benchmark
|Uncomfortable loading of information on deals
|Assistance in preparation of tax reports
|The set of tools for asset analysis is inferior to the market leaders
|Best dividend accounting service
|No mobile app
Bottom line: The Sharesight service is primarily suitable for people who are focused on tracking their dividend income. It will also be useful for investors trading on local markets.
Vyzer is a comprehensive platform for family capital management. The main task solved by the service is the investment portfolio tracking. But there are also many tools for financial planning and cash flow management.
The Vyzer platform is considered a universal solution that is proper for both beginners and experienced investors with a complex portfolio structure. Here you can track:
- bank accounts;
- any types of assets in brokerage accounts, including retirement accounts;
- valuable metals and collectibles;
- real estate investments of any kind;
- private capital (hedge funds, venture capital investments, etc.).
Through Vyzer, an investor can analyze not only their personal capital, but also the assets they own jointly with other people, as well as organize their investments into different holdings and beneficiaries.
The Vyzer creators consider analytics with artificial intelligence support and a high level of automation of the service to be its strongest aspects. The platform will also be useful for comparing results with expectations, which is especially important for those investing in private equity. In addition, it allows you to model future cash flow.
An interesting option is the ability to compare your portfolio with the asset allocation used by other investors with similar capital sizes and similar risk tolerance.
The service has a free subscription plan that allows you to get acquainted with its features. But the functionality of such an account is severely limited. To fully use Vyzer, you need the minimum initial investment.
The cost of a subscription for 1 month is:
- $36 on Plus plan;
- $99 on Premium;
- $873 on Family Office.
Paying for the platform services at once for a year, you can get a 20% discount.
The advantages and disadvantages of Vyzer are given in the table below.
|High automation of the process of downloading transaction data
|Only people with super capital can get maximum functionality
|Maximum set of assets available for tracking
|Even the minimum plan has a cost above the market average
|The service is as good for planning expenses and setting financial goals as it is for analyzing a portfolio
|Tips for portfolio improvement are available only on the maximum tariff
Bottom line: The Vyzer service is aimed at people with above-average capital. For someone who is just starting to create wealth, the platform’s services will be too expensive. The main advantage is the ability to take into account not only securities, but also alternative assets. This feature is important for people with a complex portfolio structure, not for the average investor.
The Personal Capital service was founded in 2009. After being acquired by Empower in 2020, it operates under this name. The platform allows you to track cash, major securities, including overseas stocks, and property investments. It’s proper to account for credit cards and other liabilities.
Empower is a universal service aimed at solving all financial issues. Using the tools offered, the user can:
- Track your budget.
- Plan to achieve your financial goals.
- Get financial advice on your investment strategy.
The platform provides 2 types of services. All tools designed to track budget and financial assets are available to registered users for free. Assistance in portfolio management is available for a fee.
The free set of tools gives the investor a variety of information about assets and allows:
- to monitor account balances;
- to determine the return on investments;
- to monitor the existing asset allocation and its deviation from the Markowitz efficient frontier;
- to check the degree of diversification of the portfolio and assess risks;
- to monitor the weight of a sector or an individual asset in total capital;
- to calculate the costs of commissions and fees.
Empower enables you to forecast capital growth rates. The Retirement Planner is designed to compare different potential scenarios.
This tool can be used to consider expenses that are planned, such as a child’s education or the purchase of a house. The simulator also supports various negative scenarios that cannot be predicted – recession, etc. Through such a test, an investor can see the weaknesses of their strategy and get recommendations on how to optimize it.
The main task that the platform solves for its creators is to attract clients for wealth management services. People with a portfolio of more than $100 thousand receive individual offers to analyze the portfolio.
The cost of paid services is a commission on the size of the portfolio and ranges from 0.49% to 0.89% per year.
Advantages and disadvantages of the platform are presented in the table.
|One of the most extensive free portfolio analysis toolkits available
|The interface for customizing reports is not the most intuitive among those reviewed in the rating
|Suggestions for improving the investment strategy
|You can find more analysis tools than Empower in paid services
|Ability to plan on the basis of multiple scenarios
|Adverts for asset management services are present
Bottom line: Empower is an excellent portfolio analysis tool combined with a budget planner. It is recommended for people who are looking for a universal service for solving complex tasks and are interested in receiving free services. Investors with large portfolios and complex capital structures may find the functionality of the platform insufficient.
Portfolio Visualizer is a platform designed for portfolio analytics and searching for optimal investment solutions. Users consider several simulator options to be the best feature offered by the service. With their help, you can evaluate the historical performance of different assets groups and predict future results based on Monte Carlo simulations.
Other features of the platform:
- comparing portfolio returns to a chosen benchmark or individual asset;
- selecting the optimal asset allocation for the required return to risk ratio;
- factor analysis;
- testing of trading strategies;
- results forecasting taking into account rebalancing;
- planning of retirement savings under different scenarios.
The key restrictions regarding the free plan are the ability to record only 25 stocks and the need to enter all information manually. Paid subscriptions increase the number of positions an investor can track and provide the ability to import transaction details.
Cost of use per month:
- $30 for Basic;
- $55 on Pro tariff.
The service allows you to work with securities, mutual funds, precious metals and commodities. There is no account for cryptocurrencies, collectibles and other over-the-counter assets.
Additional features – a scanner for selecting funds for investment, taking into account 5 parameters. The platform is not suitable for people who are looking for a multifunctional service that combines investment management reports with family budget planning functions.
In the opinion of many users, Portfolio Visualizer is very poor in terms of analyzing the current portfolio from the point of view of country and currency diversification. Another disadvantage is that accounting of expenses and tax liabilities is available only at the maximum tariff. Many competitors of the service offer similar tools for free.
The advantages and disadvantages of the platform are listed in the table below.
|A large set of different simulations
|High price for a tariff offering access to the full range of features
|Opportunity to get ideas to improve the portfolio
|No mobile app
|Possibility to use the service for free
|The simulators offered may seem challenging to beginners
Bottom line: Portfolio Visualiser is a service for forecasting future returns and selecting the best capital allocation. It is aimed at experienced and active investors who are constantly generating new strategies and want to test their effectiveness. Beginners and those who adhere to passive investment ideas are unlikely to need all the available analysis tools. For many people, a free account will be enough to find the best asset allocation for their needs.
INVESTMENT ACCOUNT MANAGER
Investment account manager has been around since 1985. Today it is a multifunctional software designed for portfolio management. Here you can combine information about your:
- Stocks and bonds;
- ETFs and mutual funds;
It is the best portfolio management software for securities. However many people consider the need to install it on a PC as a disadvantage. Investment account manager users have no online or mobile phone option.
This software offers the following functions:
- tracking of several portfolios at once, taking into account the recorded profits and capital gains not yet realized;
- analyzing asset allocation and the need for rebalancing;
- portfolio modeling to find the optimal strategy;
- analyzing the fundamentals of the companies included in the portfolio;
- analyzing the performance of the portfolio against benchmarks commonly used and set by the investor;
- tax liability control with a division into long-term/medium-term capital gains, filling in the declaration;
- a “wash-sale” checklist (a list of assets, transactions involving which at the current moment will result in loss of the right to offset the loss recorded as part of the tax base calculation);
- convenient report customisation.
A useful feature is the ability to analyze funds of interest to the investor in terms of net asset composition. The programme works only with investment tools. It will never allow you to account for cash and plan your budget. Besides, working with an Investment account manager may seem too complicated for beginners.
Unlike the paid platforms discussed above, this portfolio analysis tool does not require a subscription. The user pays $99 once. This amount gives them the right to install the programme on 3 PCs and use it for an unlimited period of time. But technical support will be available to the user only for a year.
There is no possibility to use an Investment account manager for free, even for a small portfolio. But there is a trial period of 60 days. Also, when the client changes his mind within 30 days after payment, the money for the purchase of the programme can be refunded.
Advantages and disadvantages of Investment account managers are given in the table.
|No free tariff
|Large set of analysis tools
|No mobile app and no ability to work online
|Opportunity to get recommendations on the model portfolio
Bottom line: This is the best portfolio analysis tool in terms of the number of reports offered. Also Investment account manager is proper for people who maintain multiple portfolios, e.g. for family members.
The BeatMarket platform is a learning center, rather than just a free stock portfolio analyzer. Its task is to ensure rapid capital growth and dividend income for the investor through an innovative approach to asset selection.
When a person is only interested in analytical information, they can take advantage of a completely free plan with no limit on time or number of assets tracked.
BeatMarket Free includes the ability to account for any number of strategies and portfolios. The user can access data not only on securities and funds, but also on precious metals, cryptocurrency, etc. (more than 100 thousand instruments). Due to such a variety of assets, the service is proper for experienced investors with a well-diversified portfolio.
With the help of BeatMarket Free’s analytical tools, the platform user can:
- monitor the dynamics of your portfolio against the benchmark selected;
- assess key risk indicators (volatility, etc.);
- monitor asset allocation by classes, sectors, industries, regions, capitalisation of companies selected, etc.;
- receive a quick summary of data on fundamental indicators;
- analyze your dividend flow;
- check the history of operations.
Paid tariffs further expand the investor’s options. BeatMarket Premium allows you to:
- customize notifications;
- use the stock scanner;
- get information on taxes and commissions.
But the main advantage of the paid tariff is access to BeatMarket Scoring and BeatMarket Guru. The first service is a selection of undervalued stocks and the best growth companies. Investments in such assets contribute to the fastest capital growth and allow you to reach a new level of investment performance.
The goal of BeatMarket Scoring is to help the user to achieve high portfolio performance. The statistics for the years of the service’s existence demonstrates the expediency of its use. According to it, companies with a score of 90 and more are ahead of issuers with a score of 60 and below in terms of profitability. This is true for both short-term and long-term investment horizons.
BeatMarket Guru is a programme designed to find the optimal asset allocation based on the user’s budget, risk tolerance and diversification preferences.
The cost of BeatMarket Premium tariff is €20 per month and €17/month for a year. Upon registration on the platform, a new user will be offered to test the capabilities of all services for €1.
For people with extra capital and professional managers we offer the Professional tariff for €250/month. It allows you to receive:
- personalized support from the BeatMarket team;
- differentiation of access to strategy management;
- personalized settings, etc.
In addition to analytical capabilities, the platform offers training in the form of videos, webinars, portfolio breakdowns and in-person online meetings with investment experts.
The advantages and disadvantages of BeatMarket are summarized in the table below.
|The largest selection of free functions, including everything to maintain a portfolio of your stocks and assets
|Lack of budget management and expenditure planning tools
|Convenient ratings and assistants for building a long-term diversified stock portfolio
|Availability of mobile apps
|Investment education portal
Bottom line: The BeatMarket platform will be useful to a wide range of investors from beginners to experts. It rightfully takes the first place in the category of free portfolio tracker. The service provides a large set of analysis tools and allows you to get information about a huge number of assets of the American and international markets. It can also be considered the best for people who are looking for investment portfolio management recommendations.
Which tool is better for portfolio analysis?
Of the many portfolio analysis tools, the ones with the maximum number of advantages have been included in the rating. Which of them it is advisable to choose depends on the needs of the individual. For example:
- Mint or Quicken services are proper for a beginner who is just learning how to manage a budget and find savings opportunities.
- For someone who has already figured out personal finances and has recently moved on to investments, it may be advisable to use a free portfolio analyser. The leaders in this category are BeatMarket Free and Empower.
- Those who are interested in achieving maximum results, wish to learn how to invest or have been burned by investments before, need not only investment portfolio tracking, but also community support, a platform for learning, checking their strategies with ratings or searching for new opportunities with top undervalued stocks. In this case, BeatMarket Premium’s features are worth looking into.
- Experienced investors who need the most in-depth analyses or the ability to track more than just their capital will find BeatMarket Professional, Vyzer and Morningstar Portfolio Manager useful.
All data about the services were taken from the official websites. The platforms presented in the rating can cover all the needs of potential readers. The information is provided for reference purposes and cannot be considered an individual recommendation.
What are the best portfolio analysis tools free?
Among free platforms for portfolio analysis are BeatMarket, SigFig and Empower. Besides, many brokers provide high-quality free investment management services. But the essence of portfolio analysis is to take into account all types of assets. They can be kept in accounts opened with different companies.
How do I analyze my portfolio?
The first thing an investor needs to do is to determine their financial goals and risk tolerance. Then, use portfolio analysis tools to determine whether the current set of assets is proper for the given requirements. Successful analysis requires that information about all accounts be collected in one place. The main things to look at are asset allocation, commission costs and ways to optimize taxes.
What are the tools to measure portfolio performance?
Portfolio analysis tools are online platforms or desktop software. They allow an investor to get complete information about their securities in a few clicks. The simplest services offer to analyze recorded profits/losses, potential capital gains and asset allocation. More advanced ones analyze volatility, Sharpe ratio, alpha coefficient and many other indicators that are important for experienced investors.
How do I backtest my portfolio?
Most portfolio analysis tools that have been discussed above allow you to test investment portfolios against past performance. Some of them allow you to use Monte Carlo simulations to predict future returns.
How do I monitor my stock portfolio and asset allocation?
All of the services discussed above allow you to track the current asset allocation by classes, industries, currencies, etc. It is only required to enter information about available financial instruments into the programme.
What is portfolio analysis?
Portfolio analysis is an assessment of the total amount of assets owned by an investor in terms of volatility and other parameters. Its purpose is to determine the efficiency, risks and potential returns of investments. It helps to make sure that the chosen strategy is proper for achieving a given goal.
Are portfolio analysis tools secure?
The largest platforms provide stringent security procedures. This minimizes the likelihood of users’ personal data being leaked. But in the digital world, one cannot be guaranteed 100% protection.
How often should you analyze and rebalance your portfolio?
Proper asset allocation is essential to achieving your investment goal. It is necessary to analyze whether the current portfolio composition corresponds to the optimal one at least once a year. Yet most people consider this to be a very long period of time. Investors can choose a period that is convenient for them, but it is not recommended to rebalance the portfolio more than once a quarter. It is more likely to increase the cost of commissions and taxes than to increase the efficiency of investments.