Best Portfolio Management Software Tools

Quicken is one of the oldest portfolio management software platforms on the market today. The software has improved, over time, to handle a wide range of assets, either by linking brokerage, banking, or debt accounts with the platform and importing the data, or by the user manually inputting data. Quicken is designed for beginners just starting to manage an investment portfolio to advanced investors tracking options, stocks, bonds, company stock, and more. With the manual input feature, you can track nearly any asset. 

The scores of reports analyze every component of your financial life: saving, spending, debt, investing, physical real estate, commodities and more. Extensive retirement planning reports and tools are also included. Sample investment analysis and reports include:

• Capital gains
• Investing activity
• Investment asset allocation
• Investment income
• Investment performance
• Portfolio value and cost basis
• Internal rate of return
• Net worth

Quicken provides an all-inclusive budgeting, saving, and spending tracker along with sophisticated investment asset tracking and management. All reports can be customized and downloaded to a spreadsheet for further analysis. There is no limit on the historical data. 

It’s easy to upload all information, from bank account transactions and balances to investment asset values and transactions. There are a variety of Quicken programs from which to choose, with varying subscription prices.

Founded by an Australian father and son, Sharesight was created as a “better way to track investments.” Suitable for domestic and global investors, Sharesight can upload data from 200 brokerage accounts. The manual upload feature enables you to add any investment you own, including personal real estate, with the exception of short sale transactions. The initial setup enables tracking of current and future holdings; any historical transactions must be uploaded manually.

Sharesight automatically updates and records dividend payments, share splits, and other relevant corporate actions. The initial upload entails logging into a brokerage account, creating a transaction report, downloading it and then uploading the report to Sharesight. Keeping your future transactions updated requires you, or your broker, to email transactions to Sharesight or to use “Sharesight Connect,” a broker-Sharesight integration. The upload process is a bit clunky and more complicated than platforms like Quicken and Empower. 

The tracking reports include:

• Multi-currency valuation
• Multi-period portfolio comparisons
• Expected future income from dividends and interest payments
• Portfolio diversity analysis across investment sectors, asset classes, countries, and markets
• Asset allocation

Pricing levels range from free for a small portfolio to $31 per month for 10 portfolios, full reporting, and priority support. There’s also a professional level for investment advisors. 

Empower offers a robust suite of free investment management software and tracking tools. Empower also has a paid investment management and financial planning service. Account sign-up is simple, and you can link investment brokerage, banking, and liability accounts such as credit cards. We like the opportunity to include your residence and receive an updated valuation from an online real estate portal. Once linked, the dashboard provides a 360-degree view of your investments, spending, saving, debt, and net worth. 

The reports, insights, and investment analysis tools are broad and include:

• Net worth and account balances
• Budgeting
• Cash flow analysis
• Income reports
• Spending reports
• Investment returns
• Asset allocation views
• Retirement planner and fee analyzer
• Investment checkup

The Retirement Planner enables various scenario analyses, including the ability to account for income windfalls or big expenses like your child’s college expenses. The Investment Checkup explores your asset allocation and makes recommendations for improvements. 

The platform lacks the customization and downloading of a Quicken platform. Additionally, if your portfolio is greater than $100,000, be prepared to field a call from an Empower representative. They will offer a useful portfolio analysis as well as information about the Empower investment management service. 

Similar to Empower, SigFig offers fee-free investment portfolio management. This is a component of its robo-advisory investment management services. Anyone can sign up for an account, link their financial accounts, manually add assets, and use the SigFig investment analysis tools. By answering several questions about your financial goals and risk tolerence, you provide the platform with the inputs for an ideal portfolio for you. This information will be used when analyzing your existing investments.

The portfolio analysis report recommends a specific portfolio, based on your responses to the initial quiz, from conservative through aggressive. The report covers the following portfolio analysis items:

• Volatility
• Stock/bond split or asset allocation
• Expense ratio 
• Geographic diversification
• Cash drag
• Single stock concentration
• Recommended portfolio

Users receive a projected long-term value of a SigFig-proposed portfolio. The Holdings screen includes performance, fundamentals, gains, losses, and other important investment metrics. 

There’s little room for customization in the reports. SigFig users forgo spending, saving, debt, and budgeting tools. For the price—free—SigFig is a handy tool to quickly see an overview of your portfolio, in contrast with a recommended asset mix. 

Unlike some of our other selections, Kubera is a comprehensive tracker for all types of available assets. The platform is not for goal planning or budgeting, but asset aggregation first and  analysis second. In addition to the typical stocks, bonds, and funds, Kubera enables tracking of cryptocurrency wallets, cars, and even website domain names. 

The dashboard is clean and lays out your net worth, types of assets and their values, including cash allocation. The Asset Allocation chart breaks out types of assets and a sector analysis of financial assets. The Deep Insights chart shows asset growth, while the net worth tool provides projection analyses based upon your proposed events, like college costs.

Kubera charts include:

• Internal rate of return (IRR)
• Asset prices and cost basis
• Best performing assets
• Asset allocation
• Net worth tracker

Kubera is more of a holistic wealth management and tracking system than a tool for deep investment analysis. If you want to delve into a granular view of your portfolio's tax information, asset allocation, or performance versus market benchmarks, you’ll need to use another portfolio management software tool. However, there are still some appealing features, like the beneficiary manager that ensures the safe transfer of your portfolio of assets, financial information, and important legal documents to a designated beneficiary. 

Morningstar Investor is the offshoot of the original Morningstar Portfolio Manager product. Known for the “Morningstar X-Ray,” the reports, analysis, and asset screeners are expansive. Investor digs deep into your investments with analysis and comparisons not found on most other platforms. After either linking or manually inputting your portfolio, you’re able to analyze your investments. 

The view and reporting customization options are among the broadest of all of the platforms. The holdings screen is customizable with more than 20 options from the typical cost and market value and asset percentage to Morningstar rating. Stock data reporting includes industry, sector, fundamental, financial, and profitability ratios, as well. 

Morningstar X-Ray is the premier portfolio analysis tool. The reports and recommendations are on par with the tools of a financial advisor portfolio analysis. 

Reporting capabilities include:

• Asset allocation
• Stock sector
• Fees and expenses
• Stock ratios and statistics
• Stock style diversification
• Stock type
• Global holdings breakdown
• Stock intersection

The goal-planning, budget, net worth, and cash flow tools are less integrated into the platform than they are at competitors. The final Morningstar tools include screeners for stocks and funds. 

The Fidelity Full View financial management program is a personal finance organization tool by eMoney Advisor, LLC, a Fidelity Company. The program stores your linked financial account data and integrates the data to analyze all of your accounts within one system. The supported accounts include bank, investment, credit card, loan, mortgage, and insurance. After you link your financial accounts, the information automatically updates daily. 

The Fidelity Full View Dashboard shows net worth, investments, retirement analysis, spending, and protection (insurance). The investments easily sync and show asset allocation and transaction views, in addition to the summary. 

The available investment reports include:

• Holdings detail
• Net worth history 

Fidelity Full View works best in conjunction with other Fidelity services such as the retirement planner. This tool links your Fidelity and linked non-Fidelity accounts with retirement planning tools which prepare a plan based on answers to a questionnaire. You’ll receive an investment strategy and plan within this vertical.