Best Portfolio Analysis Tools
Most investors have multiple brokerage accounts and investment portfolios, which can make it kind of difficult to analyze the overall performance of all your financial accounts. So looking at all investment portfolios in one place to analyze the overall performance as the perfect starting point for making the right decisions would be ideal.
Transparency: We may get compensated when you click on links in this article.
Best Portfolio Analysis Tools
Portfolio analysis tools help to evaluate the total net worth and best performing asset classes across all investment accounts by gathering all financial data in one place. In addition, analysis tools help determine investment performance and portfolio performance and identify the best target asset allocation to archive individual financial goals. Below we’ve listed the best portfolio analysis tools based on the extent of functionalities and features. We’ve also added a price comparison table.
1. Seeking Alpha
Seeking Alpha leads the list of the best portfolio analysis tools. The scope of functionalities is unique, and while the portfolio analysis features are exceptionally powerful, the other features Seeking Alpha provides are even more remarkable.
Seeking Alpha started its operations in 2004, and the offering has improved continuously. The stock research capabilities and high-quality market analysis make it a go-to place for investors. Besides various free functionalities, Seeking Alpha provides some best-in-class paid features, including extensive financial data about stock financials, earnings, dividends, peer comparisons, SEC filings, stock news, etc. In addition, Seeking Alpha has an integrated Quant rating algorithm and a stock screener.
In 2020, Seeking Alpha added the capabilities to seamlessly link brokerage accounts to Seeking Alpha portfolios to keep them automatically updated to gain valuable insights into your holdings in one place. All major US brokerages and many institutions worldwide are supported. Besides brokers and stock trading apps like Fidelity, Charles Schwab, TD Ameritrade E-Trade, Robinhood, Vanguard etc., even financial apps like Venmo, Coinbase, Acorns, Chime, Betterment and other types of accounts are supported. Seeking Alpha partnered with Plaid, a company by Visa, to ensure that the information of connected accounts is fully end-to-end encrypted and secure.
Instead of manually adding each transaction, all changes will be updated automatically in real time, including monitoring of cost basis, total account value for each portfolio, the total change, and more. In addition, subscribers see stock ratings, factor grades and even more performance insights. Furthermore, the account aggregation allows crating individual categories like retirement accounts, kids accounts, IRA accounts, 401k accounts etc., to get a holistic view of all investments.
2. Stock Rover
Stock Rover allows user to link their accounts via an API with the tool. The portfolio details are automatically delivered to the Stock Rover platform overnight, and users can alternatively update the status per request at any time. Users can connect multiple accounts and assign each account to a Stock Rover portfolio. This way, the user has full control of the account mapping.
The Essentials plan allows to connect up to 10 portfolios, the premium account 25, and the limit by using the premium plus plan is 60. Therefore, the Essentials plan should do the job for most people. However, Stock Rover can do much more than just connect multiple accounts to one central place for analysis and stock tracking purposes.
Stock Rover provides detailed information on over 10,000 NYSE, NASDAQ and Toronto Exchange listed stocks, 3,000 ETFs, and 40,000 mutual funds. Up to 10+ years of historical data and 650+ financial metrics allow users to analyze the price performance, dividends, stock scorings and more, along with extensive stock screening, rankings systems and more.
The easiest way to get started with Stock Rover is by trying the free account. New users get personalized support for the first 30 days to ensure having a great start using the tool. Alternatively, the Stock Rover plans can be tested for 14 days for free. The paid plans are the Essential Plan for $79.99 per year, Premium Plan for $179.99 per year and the Premium Plus plan for $279.99 per year.
3. Portfolio Visualizer
Portfolio Visualizer is a technical-focused portfolio analysis tool. It focuses on what the name suggests, the visualization of portfolios connected. The data from the connected accounts build the baseline for the six main features:
- Backtest Portfolio
- Factor Analysis
- Asset Analytics
- Monte Carlo Simulation
- Portfolio Optimization
- Timing Models
The analysis is math-heavy, and it requires an in-depth understanding of analysis to interpret the data created. Factor regression, principal component analysis, asset class correlations, asset liability modeling, forecasted efficient frontier, Black-Litterman model, Momentum rotation and much more type of analysis can be done using the Portfolio Visualizer.
The great news is that Portfolio Visualizer offers a free plan with basic functionalities like portfolio backtesting, portfolio optimization, factor regression and asset analytics. The more advanced Basic plan requires an annual payment of $228, and the Pro plan for $468 per year. Both paid plans can be tested for 14 days with access to all features.
Kubera currently tracks $12.1 billion for private investors and 3.4 billion for institutions. They do not sell users’ data, show no ads, or upsell other financial products. Kubera can be connected with checking, saving, CD, credit card, money market, IRA, 401k, student loan, brokerage and mortgage accounts. Even homes, autos, metals and web domains can be added.
Kubera users can, for example, connect brokerage accounts like Robinhood or Fidelity for automated synchronization or add stock ticker symbols manually. In addition, all major stock exchanges in the US, UK, Canada, Europe, Australia, Asia and New Zeeland are supported.
A new feature allows you to connect crypto wallets or add crypto coins manually. All major crypto exchanges and wallets are supported. But it does not end here. Zillow estimated market prices for real estate, cars, internet domains and other assets could be added to evaluate the total net worth.
The total value of all added assets can be tracked and visualized by day, week, month or year. Those who like can share a read-only link for portfolios with others, for example, as an investment advisor or estate planner would do when applying for loans.
Kubera Personal costs $150 per year, while Kubera Institutional has no official price tag. Users can test the tool for 14 days for $1.
5. Quicken Premier
With Quicken Premier, investors track the whole portfolio from one place after connecting all personal investments and finances to one powerful dashboard. In addition, it is possible to see all bills and pay by using Quicken, and users can optimize and prepare for taxes with the auto-generated tax reports.
It is possible to connect all types of accounts like investments, banking, assets, loans, 401(k) and more to get a comprehensive view of the entire financial situation. In addition, the tool can be used to optimize the whole investment portfolio across multiple accounts.
Something unique is that real-estate market values from Zillow are included, and Quicken automatically assigns each transaction to a suitable category. Still, users have full control of the categories and can add, modify or delete them based on their preferences.
Besides spent categories, users can create savings goals for things like rental property taxes, vacations or emergency funds being ready to get tracked for ultimate control over the individual financial plan.
For investors, the included analysis tools like benchmarks, a buy/hold analyzer, investing activity reports, a performance view, a watchlist and access to the Morningstar Portfolio X-Ray make Quicken Premier an excellent portfolio analysis tool.
The first year of Quicken Premier costs $46.79, then $77.99 per year.
Best Portfolio Analysis Tool: Conclusion
Using the best portfolio analysis tools makes investors’ lives easier and more comfortable. Managing finance from one central place makes investment management, asset allocation, rebalancing activities and investment tracking so much easier.
Yes, there are some free portfolio trackers or portfolio analyzers out there. Most of the time, the provider where an investor has an account has great implemented portfolio analyzer tools for their investment management service. However, the efficiency comes from managing all your financial accounts in one place, having insights into the total net worth, assets value per category and individually defined goals.
The top portfolio analysis tools on the list cost money, and it raises the question if it is worth it to pay $50 to $200 per year for such a tool. However, in most cases, the insights gathered by using features like portfolio backtests, factor- and asset analytics, central investment management reports, Monte Carlo simulations for estimated capital gains, and important financial data for analysis are worth the costs as long as the ratio of the total net worth to the annual fees is in a good ratio.
Professional financial advice from an investment account manager, a bank, or a financial institution is typically, or wealth management service is typically more expensive and maybe less effective. The minimum initial investment for most portfolio analysis tools mentioned in the list is $0 when starting with a free trial. That means that in-depth analysis can be done for free within the trial period to evaluate its worth.
The table compares the costs of using a paid plan of the portfolio analysis tools mentioned in this review.
|Portfolio Analysis Tool||Cost First Year|
|Seeking Alpha Premium||$179|
|Stock Rover Premium||$179|
|Portfolio Visualizer Basic Plan||$228|
See also: Best Stock Analysis Software
What is portfolio analysis?
Assessing an entire portfolio with all added assets is called portfolio analysis. The traditional portfolio analysis originated in the investment sector with the analysis of a stock portfolio. However, a portfolio can contain more assets like bank accounts, cryptocurrency, savings, cars, loans, real estate and more to evaluate a high-level portfolio view of the total net worth.
How to analyze a portfolio?
First, collect all assets in one place, for example, with one of the tools mentioned in this article to evaluate the total net worth. Then, compare the categories within your portfolio to evaluate the performance of each position. Finally, drill down all segments within a category to identify the leaders and laggards. Then, adjust the portfolio if necessary.
Should I use free portfolio analysis tools or pay for them?
Free portfolio analysis tools typically refinance their business expenses by selling client data to third parties. If data privacy is important for you, considering a paid tool for a low fee can be worth it. Analysis of the current portfolio, retirement planning, investment portfolio management, analysis of multiple personal finance aspects, stock market analysis, and more can be done in one place by using one of the powerful portfolio analysis tools mentioned in the article.