What Is Portfolio Management Software?

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.

How Should You Choose Portfolio Management Software?

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.

What Is the Best Portfolio Management Software?

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.

Can You Trade Stocks With Portfolio Management Software?

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.

Best Portfolio Management Software Tools 2024

Portfolio management software is like a custom organizer for all of your investment information. This software makes it easy to check your net worth, gains, and losses, and view the overall diversification of the assets you own. With the ability to provide an aggregate view of multiple accounts, personal investment or financial management software can streamline your financial life. There are distinctions among the platforms. Some are focused exclusively on investment management and tracking, while others account for budgeting, saving, debt, and spending along with investment management and analysis. The price points range from free to more than $100 per year. Whether you employ a financial advisor or not, you’re likely to find portfolio management software for your specific needs.

Quicken Premier

Quicken

Year Founded: 1982
Website: //www.quicken.com/
Trackable Asset Classes: Stocks, mutual funds, options, bonds, ETFs, physical/tangible assets, real estate
Trackable Account Types: Brokerages, bank accounts, 401(k) plans, IRA's

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Overview

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
Maturity dates for bonds and CDs
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.

Pros & Cons

Pros

Highly customizable reports
Easy importing of historical and current financial data for investment, cash, and liability accounts
Excellent phone customer service and troubleshooting
Reports span banking, spending, investing, tax, and net worth categories
All transactions can be categorized for granular analysis

Cons

Occasional difficulty updating accounts
Requires a subscription; doesn’t allow for a one-time payment
Not suited for the most sophisticated active traders with many alternatives or derivative investments

Sharesight

Year Founded: 2008
Website: //www.sharesight.com/
Trackable Asset Classes: Stocks, mutual funds, ETFs, term bonds, deposits, cryptocurrency, forex, options, private equity, real estate, precious metals
Trackable Account Types: Brokerage

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Overview

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.

Pros & Cons

Pros

Tracks stocks and mutual funds from exchanges across the globe
Well-suited for investors with international domiciles and/or holdings
Offers benchmarking to compare your portfolio with specific market norms
Four pricing levels good for beginners to investors with complex investment portfolios

Cons

No tracking of short sales
No automatic broker account upload
Does not automatically upload historical transactions
Updating transactions requires additional steps, either by you or your broker

Empower Personal Dashboard

Empower logo

Year Founded: 2009 (Personal Capital was founded in 2009 and acquired by Empower in 2020)
Website: //www.empower.com/personal-investors/
Trackable Asset Classes: Stocks, bonds, funds, cash alternatives and real estate
Trackable Account Types: Investments, 401(k) plans, bank accounts, liability

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Overview

Empower (formerly Personal Capital) 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 Recession Simulator lets you view the impact of a poor economy on your financial plans. 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.

Pros & Cons

Pros

Extensive free investment analysis and planning tools
Accounts greater than $100,000 receive a free portfolio review by a financial advisor
Scenario-based retirement planning is useful for both young and older investors
Investment Checkup and asset allocation modeling are based upon the Markowitz Efficient Frontier
Fee analyzer informs you how much of your money is going towards investment management and administration

Cons

Reports aren’t highly customizable
Budgeting tools are not comprehensive
Some might not appreciate the call from an Empower representative

Mint

Year Founded: 2006, acquired by Intuit in 2009
Website: //mint.intuit.com/
Trackable Asset Classes: Stocks, mutual funds, real estate, cryptocurrency
Trackable Account Types: Investment broker, bank, IRAs, credit card, credit cards, personal loans, insurance loan

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Overview

Mint is a money management and budgeting app first. Mint is owned by Intuit, also the owner of Quicken. In contrast with other platforms, Mint’s investment management software is rather basic, and is most appropriate for those with simpler investment portfolios. You can sign up for free and link most of your spending, saving, banking, investing, and lending accounts. This will give you a good overview of all of your finances. If your financial institution isn’t listed, you can add the information manually. Mint is heavy on banking and debt tracking. Basic features include creating a goal, budgeting, tracking bills, and checking spending. Specifically, users get assistance with budgeting, expense and credit score monitoring,and bill tracking.

The investment features include:

Net worth tracker
Comparison of your portfolio to market benchmarks
Views of your aggregate asset allocation

Mint is somewhat promotional and integrates opportunities to sign up for other digital or self-directed investment management platforms. If you’re looking for guidance with spending, saving and debt management, then Mint is just fine. But it is too simplistic for anyone who needs more than basic portfolio management software.

Pros & Cons

Pros

Free
Great for saving and budgeting
Good for bill management
Has helpful debt management features

Cons

Very basic investment portfolio management features
Suitable only for the very new or small investor
Upselling of other financial services

SigFig

Year Founded: 2007 (originally founded as WikiInvest and renamed SigFig in 2012)
Website: //www.sigfig.com/
Trackable Asset Classes: 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
Trackable Account Types: Brokerage

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Overview

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.

Pros & Cons

Pros

Free and comprehensive investment portfolio analysis
Provides specific recommendations to align your portfolio with your stated financial goals, time horizon, and risk tolerance level
Cost analysis keeps you aware of fund expense ratios
Easy account syncing

Cons

Lacks extensive customization
No goal planning features
No money management, budgeting, saving, debt, or spending guidance

Kubera

Year Founded: 2019
Website: //www.kubera.com/portfolio-tracker
Trackable Asset Classes: Stocks, ETFs, mutual funds, cryptocurrency/DeFi, NFTs, real estate, cars, metals, web domains, cash, private investments
Trackable Account Types: Brokerage, banks, fintech, cryptocurrency wallets & exchanges

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Overview

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.

Pros & Cons

Pros

Tracks many types of assets, including cryptocurrency wallets and your actual auto valuation
Best for net worth tracking
Dead man switch and beneficiary management good for estate planning
Designed for wealthy individuals to track multiple assets

Cons

Limited investment analysis reports
Among the more expensive platforms

Morningstar Investor

Year Founded: 2022
Website: //www.morningstar.com/portfolio-manager
Trackable Asset Classes: Stocks, mutual funds, ETFs, CEFs synced. Manual entry of bonds, cash
Trackable Account Types: Brokerage, bank accounts, insurance, credit union, credit card

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Overview

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. Basic investors who need robust saving, spending, and budgeting tools would be better off with Mint. The final Morningstar tools include screeners for stocks and funds.

Pros & Cons

Pros

Expansive list of investment analysis reports with extensive customization options
X-Ray delves into the corners of users’ portfolios
Suitable for stock, fund, and bond investors
Morningstar is a premier service for investment research as well as analytical tools
Can create multiple portfolios

Cons

Cost might be high for smaller, cash-strapped investors
Personal finance budgeting, saving, and debt tools are rudimentary

Fidelity Full View

Website: //digital.fidelity.com/ftgw/digital/emoney/home
Trackable Asset Classes: Stocks, bonds
Trackable Account Types: Investment, bank, credit cards, loan, mortgage, insurance accounts

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Overview

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. The Fidelity Full View is most similar to Mint, a basic financial planning tool which is long on budgeting and short on in-depth investment portfolio analyses.

Pros & Cons

Pros

Good portfolio syncing with outside accounts
Clean interface
Access to Fidelity calculators and tools
Tracks many account types

Cons

Minimal investment related analysis and management tools
Offers just three investment-related reports
Available to Fidelity Customers only

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 help with budgeting, spending, and saving will lean toward the basic Mint, while those who want extensive tracking and monitoring of every conceivable type of asset might prefer 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
Mint	Stocks, IRAs, mutual funds, real estate, cryptocurrency, credit cards, personal loans, insurance	Investment broker, bank, credit card, loan
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

What Is Portfolio Management Software?

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.
How Should You Choose Portfolio Management Software?

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.
What Is the Best Portfolio Management Software?

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.
Can You Trade Stocks With Portfolio Management Software?

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.