The Top Portfolio Management Tools For Investors In 2024

WRITTEN BY Dan Kent | UPDATED ON: March 19, 2024

Top Portfolio Management Tools

Disclaimer: The writer of this article or employees of Stocktrades Ltd may have positions in securities listed in this article. Stocktrades Ltd may also be compensated via affiliate links in this post. Stocktrades Ltd will run advertisements on our posts. These advertisements do not represent an endorsement by us.

In today's investment world, having the right tools to monitor and manage one's portfolio performance is essential for individual and professional investors.

With numerous mutual funds, exchange-traded funds, stocks, and bonds to keep track of, investors can greatly benefit from utilizing high-quality portfolio management solutions.

The right software can provide valuable insights into investment returns, fees, asset allocation, and more, ultimately simplifying the investment process and paving the way for informed decision-making.

A wide range of portfolio management software is available, catering to different needs and budgets. With options varying from free tools to those involving one-time or ongoing fees, investors can find a solution that best suits their requirements.

As we explore the top portfolio management software, price and features are crucial in determining the most suitable choice for each investor.

You could be looking for a tool that specializes more in budgeting, while someone else may be looking just to track performance or for investment research. It truly depends. But, there is something for everyone on this list.

Searching for a quick summary? Straight to the main points

Empower offers top-notch, complimentary portfolio management tools that are a valuable asset for investors, savers, and budgeters alike. Their high-quality tools not only come at no cost but also provide a solid foundation for managing portfolios efficiently.

In just approximately ten minutes after signing up, users have access to an extensive collection of tools such as investment tracking, net worth calculations, fee analyzers, budgeters, and cash flow managers.

For those in a hurry and keen to utilize the best in the market, click below to begin with Empower.

What are the Top Portfolio Management Software Tools Currently?

  • Empower (formerly Personal Capital)
  • Ziggma
  • Quicken
  • Mint
  • Investment Account Manager
  • Morningstar Investor
  • SigFig Portfolio Tracker

Empower (Previously Known as Personal Capital)

Empower is an exceptional free investment and portfolio management software for individuals. In fact, I'd say it is one of the best portfolio management software options out there.

It is accessible from both mobile devices and desktop computers, providing various features to users. Setting up and syncing accounts is quick, followed by access to a customized dashboard.

The financial dashboard provided by Empower includes all bank, credit card, and investment account information, giving users a complete view of their financial performance, asset classes, savings, and budgeting.

It is the perfect tool for beginners, and it's free! 

The following are some benefits of using Empower's portfolio tracking software and management tools:

  • Analyzing cash flow, including income and expenses
  • Calculating net worth, updated with live real estate data
  • Monitoring and evaluating investment accounts
  • Retirement planning assistance
  • Analyzing account fees
  • Conducting investment check-ups
  • Examining asset allocations

Empower's investment check-up tool provides insights that rival or even surpass those offered by many full-service brokerages.

The check-up tool mainly addresses the question: "Could your portfolio yield equal or higher returns with lower risk?" By comparing the user's current asset allocation to the recommended target, the program provides improvement suggestions.

The retirement planner calculator displays best and worst-case retirement scenarios, indicating how much monthly spending the user's current portfolio can accommodate during retirement. Empower is easy to use and offers automatic updates, setting it apart from other platforms like Quicken, where updates must be manually requested.

Empower's net worth calculator maintains an up-to-date value of the user's home, while the portfolio management app allows for quick investment return checks on the go.

The platform is known for its fast and seamless account-linking process, which takes less than ten minutes to complete.

Users have noted their amazement at Empower's quick handling of complex investment portfolios, as well as the speed at which they can analyze multiple accounts containing various investments. The user-friendly dashboard is one of Empower's main selling points, as shown in the following snapshot.

Empower's retirement analysis tool enables users to adjust their spending projections easily. The tool provides insights into financial security under new spending levels, helping users understand their disposable income.

This free tool has few drawbacks, apart from occasional contact from an Empower representative.

Overall, Empower is a top-ranking platform for the best investment software. Its automatic account population saves users the trouble of manually inputting data. An ideal choice for those interested in Empower's investment tools, the platform can be accessed by clicking the button below to begin.

Ziggma

Climbing to the second position in our list of top portfolio management software is Ziggma. It is important to note that, similar to Quicken, Ziggma is a subscription service with a premium plan priced at $9.99 per month. For those who prefer not to pay for such services, Empower might be a more suitable option.

Despite being a paid service, Ziggma offers many features that make it worth the investment. Catering to investors who seek portfolio tracking, stock research, portfolio simulations and custom stock scores, Ziggma aims to provide a comprehensive suite of tools for portfolio enhancement.

Unlike Empower and Quicken, Ziggma offers stock research and stock scoring capabilities. If you are interested in these features, you can give the platform a try with their 7-day free trial.

With Ziggma, investors can analyze their existing portfolio using advanced analytics, screen for new assets, and perform stock research all within one platform.

What makes Ziggma stand out are its innovative features, designed to provide a detailed understanding of one's portfolio beyond simply displaying sector and geography breakdowns.

Users can either link their accounts or start with a virtual portfolio, a feature common to the best financial planning tools. Additionally, Ziggma provides sophisticated metrics including the "Ziggma Score", Beta, ESG Score, Yield, Return on Assets, and Revenue Growth.

In summary, Ziggma caters to investors who are not only seeking portfolio management tools but also a robust set of features for researching and choosing the right investments for their portfolios.

Quicken Premier 2023

Quicken Premier, a long-standing portfolio management software, has remained a top choice for investors over the years. It works seamlessly with Empower, allowing users to maximize their investment portfolios, budgeting, and saving efforts.

Though Quicken recently adopted a subscription fee model, which requires annual renewal, its features have become even more comprehensive in turn.

While some investors may find free alternatives like Empower sufficiently comprehensive, Quicken Premier remains the ultimate choice for those willing to invest in a paid software.

Quicken Premier's online portfolio tracker app allows for convenient and efficient financial management on the go. After syncing your financial accounts (including checking, saving, debt, and investment accounts), the software provides an all-in-one financial management platform.

Alongside basic money management, budgeting, debt tracking, and cash management tools, Quicken Premier also offers an extensive investment portfolio management program.

Users benefit from real-time stock quotes and in-depth portfolio analysis through the Morningstar® X-Ray tool.

Key investment management features of Quicken Premier include:

  • A wide range of detailed money and investment management reports with numerous customization options
  • Easy downloading and tracking of investment accounts, including income, dividends, fees, and more
  • Comprehensive financial reports, such as capital gains, rate of return, market performance, investment transactions, cost basis, and tax reports
  • Risk/return analysis capabilities
  • Retirement planning tools
  • The Morningstar® Portfolio X-Ray feature, which offers detailed insights into portfolio diversification and characteristics
  • Option trade tracking

On top of its investment capabilities, Quicken Premier also offers extensive tools in the areas of income, expenses, budgeting, and overall money management. 

Mint

Mint is a widely known free web-based software that provides an extensive range of features for managing personal finances. It allows users to quickly link their accounts, offering a comprehensive view of their financial situation.

A note, however. The platform is currently in the process of shutting down, and as of January 2024, you'll have to go to Credit Karma to get the same functionality as Mint.

The platform tracks and organizes various financial accounts such as credit, banking, investment, and retirement, highlighting any associated fees. Mint's investment tracker enables users to compare their portfolio to market benchmarks and effortlessly view their asset allocation across all investment accounts, including 401(k), mutual funds, brokerage accounts, and IRAs.

Mint offers a range of financial tools, including:

  • Income and expense categorization and tracking
  • Budgeting
  • Investment tracking
  • Free credit score
  • Alerts
  • Bill pay

While the software caters to investors' diverse needs, Mint also provides helpful tips and advice for both active and passive investors. The platform is suitable for beginner investors looking for a free, basic tool to manage their finances, including saving, spending, budgeting, and tracking.

However, intermediate or sophisticated investors seeking advanced stock portfolio management options might find other apps like Empower or Quicken more to their liking.

Ultimately, Mint serves as a reliable option for those wanting a simple and efficient means of tracking their financial well-being.

Investment Account Manager

Investment Account Manager (IAM) is a comprehensive investment accounting software developed by professional money managers since 1985.

It aids investors worldwide in understanding and managing their investment portfolios. IAM is well-suited for both novice and experienced investors, focusing specifically on stock portfolio tracking and investment management.

With IAM, users can track an unlimited number of portfolios, each managed individually with transactions organized by account. This functionality allows investors to create and track portfolios according to various objectives and parameters.

The software's reporting feature enables customization and even the ability to generate reports that combine portfolios. IAM can consolidate all portfolios to provide an overview of your overall asset allocation, including stocks, bonds, cash, and other investments, as well as in-depth insights into stock sector and size.

IAM's platform offers various reports that include detailed cost basis data, customizable income reports, and more, assisting investors in understanding whether they're achieving their investment goals.

The software caters specifically to investment tracking, offering detailed data for numerous asset types such as cash, money market funds, bonds, preferred stocks, mutual funds, ETFs, common stocks, options, and other investments.

The asset library contains extensive security data, including:

  • Security Type
  • Security Symbol and description
  • Price
  • High price alert
  • Low price alert
  • Dividends
  • Earnings
  • Projected dividends and earnings
  • Book value
  • Cash flow
  • Beta
  • Bond-specific data
  • and More

Data can be downloaded from your broker or entered manually. IAM's rebalancing feature aids in identifying and adjusting any portfolio imbalances, offering a sector weight allocation option. Benchmark comparisons and fundamental ratio analysis tools are other notable features for individual stock owners. The software even boasts a professional version for financial advisors.

IAM may not be suitable for casual investors who might feel overwhelmed by its extensive features and opt for simpler, yet still robust, platforms like Empower or Ziggma.

Compatible with the Windows operating system, IAM can also run on a Mac using Windows emulation software. Users benefit from a generous 60-day free trial.

After the trial, a reduced fee of $99 per year includes the QuoteMedia data feed. Alternatively, those who prefer not to renew annually can continue using the software without access to program updates, tech support, or the QuoteMedia data feed.

Morningstar Investor

Morningstar Investor, previously known as Morningstar Portfolio Manager , is a multifaceted portfolio management software that permits investors to input their holdings either manually or by importing them.

This comprehensive tool offers valuable insights and analysis, including the widely respected Morningstar portfolio x-ray. The x-ray feature provides investors with an overview of their stock style diversification, sector and style breakdowns, geographical distribution, and summaries of fees and expenses.

Additionally, Morningstar Investor can be accessed with a Quicken membership, allowing for seamless securities importing.

Opting for the free version of Morningstar Investor includes:

  • Investment tracking for stocks, bonds, and cash. Users can either manually input or import securities, share quantities, purchase dates, and commissions.
  • Portfolio tracking through the "Tracking" tab, which displays details such as price, percentage change, market value, asset allocation percentages, and Morningstar fund ratings. Access to the portfolio analysis report requires a premium subscription.
  • A "My Performance" tab showcasing your portfolio's progress graphically while comparing it to a specified index.
  • Morningstar X-Ray, a feature which analyzes your overall investment positions, incorporating elements like asset allocation, stock sector, and stock type. More in-depth analysis is available with a premium subscription.

The premium version of Morningstar Investor encompasses a multitude of features, such as fund and stock screening, fundamental analysis ratios, and comprehensive portfolio x-ray interpretation, comprising style, financial ratio, and expense analysis.

While Morningstar Investor's premium subscription is pricier than some alternatives, it offers an extensive range of tools that may be worth considering, especially for more advanced investors.

One suggestion would be to try a free tool or a more affordable option first to see if it meets your needs. If you require additional capabilities, consider trialing the Morningstar Investor premium subscription for 14 days.

Following the trial period, users can choose between an annual fee of $249 or a monthly fee of $34.99.

SigFig Portfolio Tracker Software

SigFig is a robo-advisor offering a free online portfolio tracker that deserves a mention in this list, even though it might be less comprehensive than Empower. The free portfolio tracker provides a variety of features, including:

  • Investment account synchronization
  • Portfolio monitoring
  • Reporting dashboards
  • External portfolio analysis through SigFig Guidance
  • Live chat and phone support

The free SigFig investment manager tool is accessible to everyone and includes mutual fund trackers and stock tracking software.

For those interested in their robo-advisory investment manager service, SigFig charges a competitive 0.25% of assets under management (AUM) fee. Unlike many low-fee robo-advisors,

SigFig allows their users to maintain their existing Fidelity, Schwab, or TD Ameritrade accounts, which is a convenient option for larger portfolios to avoid tax implications and complications due to transferring investments.

SigFig focuses on optimizing your investment portfolio by analyzing, monitoring, and improving it automatically.

This is made possible through their algorithmic investment strategies developed in partnership with Fidelity and Schwab. The system works toward balancing and diversifying investments while minimizing fees and reducing risks.

With SigFig's Asset Management technology, your current investments are instantly analyzed, taking into account your goals and risk tolerance to create a tailored individualized portfolio strategy.

 The automated system constantly oversees and optimizes your investments while reducing management fees.

The minimum investment required for SigFig's investment portfolio management services is $2,000, offering free services to accounts valued under $10,000. For accounts worth more than $10,000, an annual 0.25% AUM fee covers the services provided.

Investment portfolio tracking software – Notable contenders

An ideal portfolio tracker suits your needs and can handle a growing portfolio. Here are some noteworthy investment and stock portfolio management software tools to consider.

  • Yahoo Finance Portfolio Tracker: A free tracker allowing for import from spreadsheets or manual input. It offers investment details such as fundamentals, performance, news, and risk analysis.
  • Ticker app: Compatible with iOS and Android, it allows for monitoring multiple portfolios with detailed charts and graphs. The free app displays positions, profits, losses, and news. Holdings have to be manually added.
  • PortfolioVisualizer.com: While not specifically a portfolio tracker, it's a sophisticated, free investment analysis tool. It provides online portfolio analysis tools like backtesting, Monte Carlo simulation, tactical asset allocation, and optimization.
  • Sharesight.com: Ideal for new investors with a few positions, this free stock portfolio tracker has automatic holding updates, tax, and performance reporting. Comes with up to ten holdings free-of-charge, and also tracks dividends and stock splits for accurate performance data.

For a complete portfolio analysis tool, consider Ziggma or Investment Account Manager. However, a simple portfolio tracker app like Empower (free) or Quicken (paid) may suffice for some investors.

Remember to make an informed decision after thoroughly reviewing the software's features and compatibility with your investment needs.

FAQ

What is portfolio management software?

Portfolio management software is a computer application that helps you monitor and analyze your investments. This type of software typically includes features for tracking purchases, sales, dividends, capital gains, and price data, assisting you in evaluating the performance of your assets.

Which app is the best for tracking portfolios?

Finding the best app for tracking portfolios depends on individual preferences. Many investment brokerages offer their proprietary tracker apps. To keep an eye on investments across multiple accounts, Empower (formerly Personal Capital) is a popular choice due to its extensive features.

What are some top investment tools?

Investment tools span across various applications, including budgeting, saving, and investing software. Mint stands out as a beginner-friendly investment tool for monitoring personal finances. YNAB is highly regarded for budgeting purposes, and if you're looking to start investing and learn along the way, you may want to consider exploring the best robo-advisors.

Should I choose Empower or Mint?

As both Empower and Mint offer free investment management and tracking capabilities, it is recommended to try both and see which suits your needs better. For those looking for sophisticated investment portfolio analysis tools, Empower is the preferred option, while Mint is better suited for basic budgeting and money management.

Which free portfolio management software is the best?

Empower (previously known as Personal Capital) is highly recommended for its free investment management software offerings. By linking your accounts, you gain access to a comprehensive retirement calculator, investment check-up, fee analyzer, and many other financial insights. Although the company hopes users will sign up for their paid investment management services, the free tools remain accessible to all. Ziggma is another worthy alternative to consider.

The top portfolio analysis software summary

Investment portfolio analysis applications are valuable for monitoring returns, managing asset allocations, and evaluating individual investment outcomes. Various choices, such as DIY spreadsheets and robo-advisors, are available to suit different needs.

Selecting the right investment management software largely depends on the desired features. However, the free Personal Capital dashboard offers outstanding investment insights and is easy to set up. Signing up for Personal Capital delivers an added advantage due to its comprehensive investment tracking, making it worth considering even alongside other chosen options.

Investors, whether they’re in Canada or the United States, need the best portfolio trackers to monitor their mutual and exchange traded funds, individual stocks, and bonds for many reasons.

You want to examine your investment returns, fees, asset allocation, as well as plan for retirement and more. And you need the best personal investment software to do it right!

Of course you can create your own portfolio construction tools with an investment tracking spreadsheet, but with the excellent investment portfolio management software available, why bother?

From free investment software, to a one-time payment or on-going fees, there has never been a better selection of investment software or stock portfolio tracking on the market. Both price and features matter and we’ll explore both.

Looking for the TL;DR of the article? Lets get right to the point

Empower's free tools are in a league of their own when it comes to portfolio management software. The combination of the tools being free along with the sheer quality of the tools themselves make them a rock-solid option for any investor, saver, or budgeter.

I had access to one of the most comprehensive suite of tools available, within ten minutes of signing up. Investment tracking, net worth calculations, fee analyzers, budgeters, cash flow tools, the whole deal.

If you're short on time and simply want the best, click below to get started with Empower.

If you've got some time, lets dive into the 7 best portfolio management software's available for investors today

We’ll start out with the free portfolio trackers and investment management software for individuals, next the investment and stock portfolio trackers that charge an ongoing fee.

Embedded in many of the platforms is asset allocation software, to keep your investments in line with your goals and risk tolerance. Some portfolio management solutions also provide comprehensive financial planning software.

The best portfolio analyzer is one that meets your investing portfolio management, tracking and budget needs. We’ll cover investment tracking software, able to handle stock tracking, ETF and mutual funds.

What are the best portfolio management software tools right now?

  1. Empower (formerly named Personal Capital)
  2. Ziggma
  3. Quicken
  4. Mint
  5. Investment Account Manager
  6. Morningstar Investor
  7. SigFig Portfolio Tracker

Empower (Formerly Personal Capital)

Empower is our top free investment and portfolio management software for individuals.

The platform, with mobile and desktop computer access has a load of features. It takes just a few minutes to sync your accounts after which your personalized dashboard is available.

The Empower finance dashboard incorporates all of your bank, credit card and investment accounts and gives you a 360 degree view of how your investments are performing along with other useful money information like saving and budgeting.

The Empower portfolio tracking software and tools for portfolio management will help you:

  • Analyze your cash flow including both income and expenses
  • Calculate your net worth – including updated home values via live real estate data
  • Check on and analyze your investments
  • Plan for retirement
  • Analyze your account fees
  • Perform an investment check up
  • Review your asset allocation

Of note, we have a in-depth review on every one of Empower's free tools, located here.

The investment check-up offers priceless tools – on par or even better than what many full-service brokerages offer. 

The overriding question that the investment check-up answers is “Could your portfolio give you greater or equal returns for less risk?

The program answers this question by comparing your current asset allocation to the recommended target, and recommending improvements.

The retirement planner calculator tells you best and worst case retirement scenarios. It shows how much monthly spending your current portfolio will allow throughout retirement.

This is my “go to” resource to check on and analyze my investment performance, and income versus spending. It’s easy to use and automatically updates, unlike Quicken, (which I also use) where you must request an update to my portfolio.

The net worth calculator even maintains an updated value of your home. And, while on the go – the portfolio management app is ideal for a quick check of your investment returns.

One of the best aspects of Empower is how fast and seamlessly your accounts are linked! You can be up and running in under ten minutes.

I was amazed at how fast my complicated investment portfolio was uploaded and analyzed. Even when I had 10+ accounts with multiple investments in each, it had my account fully analyzed in a very short amount of time. Here is a snapshot of the dashboard.

Cash Flow Management

I recently completed a retirement analysis and increased my annual spending projections. The new retirement analysis showed that I’m still fine at the new spending level. It was fast and easy, and I know now I have more disposable income and can spend a few more bucks, thanks to this completely free tool.

The only downfall with this tool is that you may need to field a call from an Empower representative.

Other than that, the tools are free to use. I consider Empower a top contender for the best investment software. I appreciate how all of the accounts auto-populate so that I don’t need to input data. If you're interested in Empower's tools, just click the button below to get started.

2. Ziggma

Moving all the way up to number 2 on our list of best portfolio management softwares is Ziggma. Keep in mind, much like the next platform on this list in Quicken, Ziggma is a subscription service. You'll pay $9.99 per month for the premium plan. So if you're a stickler for paying, Empower will definitely be your best bet.

However, don't give up on this platform just because it's a paid service. It packs a huge punch.

I would argue that Ziggma is more suited for investors looking to not only have their portfolios tracked, but utilize tools like stock research, portfolio simulations, and custom stock scores to build their portfolio. 

Platforms like Empower and Quicken don't offer things like stock research or stock scoring. So, if this is what you're looking for, I'd say give the platform a test, they do have a 7 day free trial you can get here.

Investors can analyze their existing portfolio with advanced analytics, screen for new assets, and perform stock research, all within one platform. What sets Ziggma apart are its innovative features tailored to offer an in-depth understanding of one’s portfolio, going beyond just the basic sector and geography breakdowns.

Like all of the best financial planning tools, you link your accounts or you can start with a virtual portfolio.

Unlike competitors, Ziggma gives you sophisticated metrics about your portfolio including the “Ziggma Score,” Beta, ESG Score, Yield, Return on Assets and Revenue Growth.

Overall, Ziggma is going to be suited to those who are not only looking for portfolio management tools, but a strong suite of tools for researching particular investments that may be right for their portfolios.



3. Quicken Premier 2023

Quicken has been the go to resource for investors as a portfolio management software for decades. And the best part, it can be used in combination with Empower to get the maximum results out of your investment portfolios, budgeting, and saving. 

The reason why I'd choose Empower over Quicken right now? The company switched to a subscription fee model, and you'll need to renew the subscription annually. Keep in mind, the features are more robust. However, I've found that most investors would find Empower comprehensive enough and doesn't cost anything.

But, if you're willing to pay, this is the top-tier platform, no doubt. If you don’t renew, you’ll forfeit software updates. The program also has an online portfolio tracker app for on-the-go money management.

Similar to Empower, after syncing your checking, saving, debt and investment accounts, you have a comprehensive financial management portal.

The Quicken Premier financial planning software tools are both basic money management, budgeting, debt tracking and cash management software as well as a comprehensive investment portfolio management program.

The stock portfolio management software synchs with real time stock quotes and the Morningstar ® X Ray analysis tool. 

Quicken premier investment management features include:

  • Multiple money and investment management reports with deep level customization options
  • Investment account downloading and tracking including income, dividends, fees and more
  • Reports include; capital gains, rate of return, performance versus the market, investment transactions,  cost basis, tax reports and more
  • Risk/return analysis
  • Retirement planner tool
  • Portfolio X-Ray tool from Morningstar® with a detailed drill down into your overall diversification and portfolio characteristics
  • Option trade tracking

In addition to the investment capabilities there are robust income, expense, budgeting and money management tools. If you're looking for alternatives, some of them free, check out these Quicken substitutes.



4. Mint

“Compare your portfolio to market benchmarks, and instantly see your asset allocation across all your investment accounts like 401(k), mutual funds, brokerage accounts, and even IRAs.” ~Mint free investment tracker

The popular and free Mint.com investment and money management web-based software has a lot going for it.

With quick linking to your accounts, similar to Empower (read our comparison here), you get a quick overview of your financial picture.

Mint tracks all of your financial accounts including credit, banking, investment and retirement. Mint also highlights your fees, so that you know how much of your money is being eaten up by pesky fees.

Mint offers these financial tools:

  • Income and expense categorization and tracking
  • Budgeting
  • Investment tracking
  • Free Credit Score
  • Alerts
  • Bill pay

Mint claims to help “Get the right tools for your investment style.” 

The online portal offers tips and advice for both active and passive investors.

The Mint investment and portfolio tracking software is satisfactory for beginning investors seeking a free basic money management, saving, spending, budgeting, and tracking tool.

Intermediate or sophisticated investors might prefer advanced stock portfolio tracking and management apps like Empower or Quicken. We don’t consider Mint investment portfolio accounting software.


5. Investment Account Manager

Investment Account Manager software is highly sophisticated investment accounting software. The product was designed by professional money managers and used by investors globally since 1985.

The goal of the software is to help you understand and manage your investment portfolios. The investment accounting software for individuals is suitable for both newbies and seasoned investors.

Investment Account Manager is designed for stock portfolio tracking and investment management, not budgeting, debt or other financial management tasks. If your sole purpose is to track your portfolio and you're willing to pay, it's certainly one to look at.

You can track an unlimited number of portfolios. Each investment portfolio is handled individually and transactions are segregated by account. This helps the investor to create portfolios by objective and track according to distinct parameters. 

The reports section allows you to customize reports and even create reports that combine portfolios. For example, Investment Account Manager allows you to combine all portfolios and review your overall asset allocation (stocks, bonds, cash and other) and on a granular level by stock sector and size.

The data helps you determine if you’re meeting your investment goals. The reports given by the platform include detailed cost basis data to customizable income reports and more.

As this software is for investment tracking only, you’ll find specific data for many types of assets including; cash, money market funds, US Government, agencies, and tax-exempt bonds, corporate bonds, preferred stocks, mutual funds, exchange traded funds, common stocks, options, and other investments.

Within the asset library, there’s detailed security data including:

  • Security Type
  • Security Symbol and description
  • Price
  • High price alert
  • Low price alert
  • Dividends
  • Earnings
  • Projected dividends and earnings
  • Book value
  • Cash flow 
  • Beta
  • Bond specific data
  • and More

You can download the data from your broker or input manually.

The rebalancing feature makes it easy to see if your portfolio is out of balance and what securities need to bought or sold to return to your preferred allocation. There’s even a sector weight allocation option.

Two more of my favorite features are benchmark comparisons and for individual stock owners,  fundamental ratio analysis tools. Additionally, Investment Account Manager also offers a professional version of the software for financial advisors.

There is so much meat in this software, that the casual investor will likely feel overwhelmed, and better off suited with a more basic, yet still robust, platform like Empower or Ziggma

The investment management software is compatible with the Windows operating system, and users can run the software on a Mac with windows emulating software.

You also get a 60 day free trial, which is quite generous! After the trial, the reduced fee is $99 per year and includes QuoteMedia data feed. Or, if you’d prefer not to renew annually, you can continue to use the software indefinitely, without access to program updates, tech support or the QuoteMedia data feed. 

6. Morningstar Investor (Formerly) Portfolio Manager

This freemium portfolio analyzer allows investors to import or manually enter their holdings and gain valuable insights. The free Morningstar portfolio x-ray is one of the best investment tools and shows stock style diversification, sector and style breakdowns, geographical distributing and a summary of fees and expenses.

This feature is also available through a Quicken membership, and the securities are already imported.

The Morningstar Portfolio Investor offers a free trial and then you’ll need to sign up for Morningstar premium, for continuing access. Overall, it's one of the more expensive trackers on this list, and is why it finds itself near the bottom.

The free Morningstar Portfolio Manager includes:

  • Investment tracking of all stocks, bonds and cash. You can either manually input or import the securities, number of shares, purchase date and commission.
  • To track your portfolio, click the “Tracking” tab. This tab shows price, percentage change, share information, market value, asset allocation percent and Morningstar fund rating. For the portfolio analysis report, you must sign up for the premium service. 
  • The “my performance” tab graphically shows how your portfolio performed and compares it with a designated index.  
  • The Morningstar X Ray uncovers how your investments in aggregate are positioned, including asset allocation, stock sector, stock type. More in depth analysis is available with the Premium subscription. 

The premium investing portfolio management includes scores of features including: fund and stock screening, fundamental analysis ratios, portfolio x ray interpretation with style, financial ratio, and expense analysis. 

It certainly does pack a punch, and for more advanced investors, the premium subscription could be worth it. What I would do personally is sign up for a free tool or a cheaper alternative and if you find yourself wanting more, take it for a 14 day trial run.

After that, the annual fee is $249 or $34.99 per month. 


7. SigFig Portfolio Tracker Software

SigFig is a robo-advisor with a free online portfolio tracker. Although less comprehensive than Empower, I still find it worthy of inclusion on this list. The free portfolio tracker offers:

  • Investment account sync
  • Portfolio Tracker
  • Reporting Dashboards
  • External Portfolio Analysis-SigFig Guidance
  • Live Chat/Phone Support

Anyone can use the free SigFig investment manager. The tool offers mutual fund trackers and stock tracking software. 

If you want to try their robo-advisory investment manager, SigFig is a competitive service and charges 0.25% AUM. Many low-fee robo-advisors require you to move all of your assets into the company account.

SigFig offers portfolio management for investors with existing Fidelity, Schwab, or TD Ameritrade accounts. This is a convenient feature, especially if you have a larger portfolios and want to avoid the tax implications and complications of transferring your existing investments.

Our SigFig Review drills into this independent portfolio optimization platform that helps everyday investors track over $350 billion in assets. Through its partnerships with Fidelity and Schwab, the company’s algorithmic investment strategies work to analyze, monitor and improve any portfolio, automatically balancing and diversifying investments, while reducing risk and minimizing fees.

SigFig’s Asset Management technology instantly analyzes your current investments, learns about your goals and risk tolerance, and tailors an individualized portfolio strategy. The automated systems constantly monitor and optimize your investments while reducing management fees.

SigFig’s investment portfolio management services require investors to invest a minimum of $2,000 and offers free service to all accounts valued less than $10,000. For investors with accounts valued at more than $10,000, the annual 0.25% fee of assets under management (AUM) covers these services:

Investment Portfolio Tracking Software – Honorable Mentions 

The best portfolio tracker is the one that works for you. Personal investment tracking apps and investment management platforms should handle a growing portfolio, but setting up investment tracker software takes time. So, I hope you can make your decision after a thorough review. 

You might need a complete portfolio analysis tool. In that case, look to Ziggma or Investment Account Manager.

While for many a simple portfolio tracker app like Empower (free) or Quicken (paid) is just fine.

The following is a list of more investing and stock portfolio management software:

YahooFinance Portfolio Tracker – This free investment portfolio tracker allows you to import from a spreadsheet or manually input your portfolio. The portfolio analyzer offers a list of investments with details including fundamentals, performance, news, and risk analysis. 

Ticker app – Available for iOS and android devices, offers the opportunity to monitor multiple portfolio with colorful charts and graphs. The free stock tracking app shows positions, profits, losses, and news. Holdings must be manually input. 

PortfolioVisualizer.com – Although, this free investment software is not a stock portfolio tracker but a sophsiticated investment analysis tool. We use it regularly to analyze our investment portfolios. The online portfolio analysis tools include; backtesting, Monte Carlo simulation, tactical asset allocation and optimization and more. 

Sharesight.com – This free stock portfolio tracker is pervect for new investors with a few positions. Sharesight is a portfolio tracker with automatic holding updates, tax, and performance reporting. The first ten holdings are free. Sharesight, this investing portfolio management software also checks your dividends and stock splits, providing accurate performance data. 

FAQ

What is investment management software or portfolio management software?

Investment management software is a computer program or tracker that allows you to view details about your investments.

Features include purchases, sales, dividends, capital gains, and price data. The software enables you to analyze your investments and find out which are preforming best and those that are lagging.

What is the best portfolio tracker app?

The best portfolio tracker app depends upon your own personal needs. In fact, many investment brokers offer their own tracker apps. Although to look at your investments that are owned in several accounts, we like the free portfolio tracker app from Empower, due to the vast number of features. I did an in-depth review on these features here.

What is the best investment tool?

The broad category of investment tools includes many money management apps that span the budgeting, saving, and investing software sphere.

Mint is a great starter investment tool. For budgeting, YNAB is quite popular. To begin investing and learn, consider investigating the best robo advisors.

Which is better – Empower (Personal Capital) or Mint?

They’re both free investment management and tracking software, so why not try both? When it comes to sophisticated investment portfolio analysis tools – Empoer is best. For basic budgeting and money management, Mint is best.

I wrote an in-depth review on the two platforms here

What is the best free portfolio management software?

Empower (formerly Personal Capital) is our best free investment management software recommendation. 

After linking your accounts, you’ll get access to one of the best retirement calculators, investment check up, fee analyzer, and many more financial insights. Although the firm would like you to sign up for their paid investment management services, the free tools are available to anyone. Although, Ziggma is a close second

The Best Portfolio Analysis Software Takeaway

Investment portfolio analysis software is useful to track returns, asset allocations and individual investment performance. From DIY spreadsheets to robo-advisors, there are many available options.

Choosing an investment management system ultimately depends upon the features you’re seeking. Regardless of which option you choose, the free Personal capital dashboard provides excellent investment insights and is quick to set up. It’s worth signing up for Personal Capital, whether you choose another option or not, because of the detailed investment tracking and it’s free.