Final Verdict
When beginning a weight-loss journey, the first step is to record your starting weight and then develop a plan to reach your goal. The same holds true for financial management. It’s tough to reach your financial goals if you don’t know your net worth, holdings, and their current value. The best portfolio management software gives you a sense of financial control. Although no one knows what the future holds, knowing what you own, where it is located, and what you paid vs. its current value is a good start.
Whether you have a simple financial setup or a million dollars of financial assets, there is a financial software platform for you. Those seeking extensive tracking and monitoring of every conceivable type of asset will lean toward Kubera. Those who want to delve into a wide range of investment analyses will appreciate Quicken or Morningstar Investor. Ultimately, portfolio management software is a tool, like a scale, to use for financial goal setting and planning so that you can reach your preferred lifestyle in the future.
Compare the Best Portfolio Management Software Tools
| Company | Trackable Asset Classes | Trackable Account Types |
| Quicken Premier | Stocks, 401(k) plans, IRA’s, mutual funds, options, bonds, ETFs, physical/tangible assets, real estate | Brokerages, bank accounts, IRS |
| Sharesight | Stocks, mutual funds, ETFs, term bonds, deposits, cryptocurrency, forex, options, private equity, real estate, precious metal | Brokerage |
| Empower Personal Dashboard | Stocks, bonds, funds, cash alternatives and real estate | Investments, 401(k) plans, bank accounts, liability |
| SigFig | U.S.-based stocks, U.S.-based bonds, developed (non-U.S.) and emerging market stocks, real estate, and short-term U.S. Treasury securities | Brokerage |
| Kubera | Stocks, ETFs, mutual funds, cryptocurrency/DeFi, NFTs, real estate, cars, metals, web domains, cash, private investments | Brokerage, banks, fintech, cryptocurrency wallets & exchanges |
| Morningstar Investor | Stocks, mutual funds, ETFs, CEFs synced. Manual entry of bonds, cash | Brokerage, bank accounts, insurance, credit union, credit card |
| Fidelity Full View | Stocks, bonds, credit card/bank, loans, mortgage, insurance | Investment, bank, credit cards, loan, mortgage, insurance accounts |
Frequently Asked Questions
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Portfolio management software refers to computer programs that organize, update, and report on financial investment portfolios. Many investors have accounts populated with stocks, bonds, exchange-traded funds, and mutual funds. The portfolio management software is akin to a digital filing cabinet. The programs let users view their accounts and assets. Within the programs you can also create a variety of reports to help you understand your investment growth, cash flow, and more.
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Like any software choice, the process begins with assessing your needs. Consider the types of assets that you need to track. Sophisticated investors might need software that tracks options, futures, or other advanced asset classes, while most investors will be satisfied with a portfolio management platform that can manage basic stocks, bonds, funds, real estate, and debt.
Ensure that the portfolio management software that you select can be linked to your online accounts and easily updated. Investigate the available reports and make sure that the retirement planning tools are consistent with your preferences. Once you’ve clarified your needs, review the available platforms and select the one that is the best fit for your finances and investments.
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The best portfolio management software is the program that fits your pre-determined preferences. The software should be able to track and analyze your assets and provide the most useful reports for your financial situation. If you have many investments across multiple accounts, search for a sophisticated and comprehensive platform. If you’re focused on retirement planning, consider software with robust retirement planning tools. There’s no one best portfolio management software program, only the right platform for your budget and financial reporting needs.
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No, stock trading and portfolio management are two distinct types of services. Portfolio management software isn’t designed for stock trading. Stock trading is best done through an investment brokerage firm such as Fidelity, E*TRADE, or Schwab. Or you might consider stock trading through an app such as Robinhood or Webull.
While most investment brokers offer basic insights into your existing portfolio such as cost basis, capital gains, dividends and asset allocation, they typically do not integrate all of your outside accounts into their information. Portfolio management software is designed to accompany your investment brokerage accounts and consolidate financial tracking, reports, and insights.
Methodology
Portfolio management software makes it easy to check your net worth, gains, and losses, and view the overall diversification of the assets you own. To find the best portfolio software management software tools available, we examined several leading platforms based on usability, trackable assets, manageable account types, fees, and investment insights, as well as the quality of goal planning and tax tools.
