Over the years, financial advisors have been encouraging people to invest. In fact, some individuals have heeded this call and now have several large investment portfolios spread across multiple accounts. However, keeping track of a single investment account can be a challenge because you need information about your asset allocation, portfolio performance, fees, and projected growth.
Some individuals have portfolios with a combination of financial assets such as stocks, ETFs, bonds, HSA, 401(k), IRAs, and other taxable investment accounts. Managing them can never be a breeze. The good news is that technology has made it easy to routinely check your investments. There are investment apps – personal and retirement manager apps – that offer real-time insight into your entire portfolio in a one-stop place. However, factors like cost, ease of use, and features differentiate these apps.
The Best Personal Portfolio and Retirement Tracking Apps
1. Personal Capital
This is popular for modern investment needs for good reasons. Personal Capital offers you a complete breakdown of your investment in terms of the asset class. This display gives you a quick overview of your portfolio regardless of where these assets are held.
Further, the investor gets weekly email updates about their portfolio. The app offers a free analyzer helping you track how your retirement date changes based on the retirement account fees. In fact, this is an excellent strategy for discovering those hidden fees in your account.
Personal Capital is a perfect tool for different types of investors. DIY investors are happy to use the free portfolio management tool, others download it because they can access professional guidance on where to invest. All in all the platform offers free financial tracking tools to enable you to track your finances by following and monitoring your spending and all your accounts from the same space. Its Retirement Planner ensures that your retirement savings are consistent while its wealth management services enable you to invest the extra money in your account.
The downside of this app you must have a minimum account balance of $100,000 to use its wealth management tools. Also, wealth management services come with hefty fees.
The company began in 2006 as a simple online portfolio manager under the name Wikinvest. With time, the leaders decided to expand its services thus rebranding it in 2012 to SigFig. Since then the company has been offering investment advisory services and works with third-party brokerage accounts where it tracks and analyzes their performances.
SigFig wants everyone to access its high-quality investment advice as well as empower investors to make the right financial decisions. Actually, SigFig is just like a middleman between investors and financial brokerage firms. Its role is to analyze clients’ portfolios to help them diversify their assets and manage their fees.
To do that SigFig uses its free portfolio tracker linked to your accounts to show how your portfolio is performing. It also provides free asset management for portfolios below $10,000 and charges 0.25% per annum for values below that.
It also offers features such as automatic dividend reinvestment, tax-loss harvesting, portfolio tracking, and investment advice. However, your account must have a minimum balance of $2000 to access SigFig investment services.
This investment tracking app is the best for international investors in Europe and Australia because it links them to brokerages outside the US. But American investors can sync their accounts with Sharesight if they’re only held with Ally Invest, Firsttrade, Merrill, M1 Finance, and TD Ameritrade. The reason is that the app doesn’t connect with all American brokerages.
Sharesight has a monthly plan that charges between $0 and $31 based on the features. The top premium plans track unlimited positions and offer a lot of reports and future income projects. On the other hand, the free version tracks at most 10 holdings and offers features such as historical performance, tracks dividends, stock splits, and taxable income as well as you can share your portfolio with your peers.
4. Yahoo! Finance
The free research and portfolio tracking tool allows investors to link their brokerage accounts as well as manually insert tickers to track the daily and overall performance of their stocks. Yahoo! Finance has a free edition that offers a stock screener, watchlist, financial fundamental data, and interactive price chart.
On the other hand, the paid version starts at either $25 or $35 per month and offers risk analysis and analyst ratings. Its features include trending stocks and investment ideas, fair value analysis, and analyst reports. Although the premium plan is pretty expensive, you can access third-party research reports.
The investment research firm is dedicated to providing analyst ratings for products such as stocks, bonds, ETFs, and mutual funds. The company was launched in 1984 and at present, it manages more than $220 billion in assets.
The subscription-based service provides detailed information about different investment options so that investors can use the insights to enhance their investment performance. Morningstar charges $199 per annum but you can save some money when you sign up for many years.
Some of the app’s outstanding features include analyst reports, investment analysis, portfolio manager, fund screener, and X-ray tool. Therefore, Morningstar is an app for investors looking for premium advice at a reasonable cost.
Investors considering retirement have a great app to help them embark on this journey. eMoney Advisor leads because of its portfolio analysis feature which investors can use to create detailed cash flow projections to demonstrate how a given portfolio is likely to perform after retirement.
The app integrates information about your personal finances, details about Social Security, inflation, required minimum distributions, and much more. Then eMoney Advisor generates a detailed breakdown of breakdown what is likely to happen during retirement in terms of expenses, income, distributions, and overall portfolio performance. Retail investors can also use eMoney Advisor with the help of a licensed financial professional.
7. Quicken Premier
This is one of the longest surviving personal finance and budgeting software in the market. The app allows investors to track their investments including their realized and unrealized gains and other performances.
Quicken Premier has advanced tools to help you prepare your taxes easily and quickly, as well as track cost basis. The app can also pull information from Morningstar. However, you have to pay around $75 per annual to use this software. Additionally, there are few updates on this platform and investors may prefer its alternatives.
8. Google Sheets
Some investors don’t want to link their financial accounts to any app for security purposes or other reasons. In such a situation, Google Sheet is the perfect tool you can use to track your investment portfolio. The Google Finance function enables you to pull in data such as the fund, or company name, expense ratio, performance, price, etc. You can use this tool to track stocks, mutual funds, and ETFs.
The advantages of using Google Sheets are; that it’s free, you don’t need to link your financial accounts to any third-party app, and the Google Finance function can automatically pull or download data from your stocks and mutual fund.
Its downside is that it has no fee analyzer, and retirement planning tools, there is limited asset allocation and share totals are not updated automatically.
The retirement management app is known for its simplicity. When signing up, the platform asks you a couple of questions to determine your optimal asset allocation. Next, the app allows you to sync your retirement accounts but not taxable accounts.
You can preview the estimated monthly retirement income in relation to your present level of savings and then use the recommendations that Bloom provides to improve your current portfolio. Some of them include ways to better diversify, lower your fees, and decrease your risk without lowering your returns.
Investors with large retirement balances can benefit a lot from the app’s free analysis tool because it gives them good feedback about the asset allocation in their portfolio and the income to expect when they retire based on their current savings rate.
The free web-based personal finance management software allows you to monitor your investment, and track bank accounts, loan accounts, and credit cards. Unlike Quicken, you’re not required to install any software or receive mandatory software updates when using Mint.
In fact, this software lets you create a budget, monitor your spending as well set financial goals. As a result, Mint has more than 15 million users making it one of the most downloaded apps on the market. You just need to sign up for free and link to various financial institutions.
You will receive automatic updates when you log in and its interface is easy to use when tracking your spending. Other features include investment monitoring, bill tracking, goal tracking, financial trend tracking, budgeting software, and credit score monitoring. Therefore Mint gives you a bird’s eye view of your asset allocation and balances.
11. Atom Finance
The app gives investors more advanced insights into their investment portfolio. However, they have to pay $6.99 per month for the information. The app allows you to sync your brokerage accounts in order to get portfolio modeling, real-time updates and insights, analyst reports, and access to backtesting.
Its robust research capabilities is perfect for active traders as opposed to buy and hold investors. Atom Finance has comparable features with Yahoo Finance premium which charges $25 per month. Thus this tool is less costly compared to apps with similar features.
12. Stock Rover
Investors looking for an in-depth research tool and a portfolio tracker will enjoy using either the app’s free or premium plans. Its stock screener enables you to discover stocks, mutual funds, and ETFs that meet your fundamental and technical requirements.
The platform gives you analyst buy and sell ratings as well as a 14-day free premium trial. After that, you can switch to its premium plans at $7.99 per month to access advanced features like portfolio tracker, guru portfolios, and stock screener.
This feature-rich investment tracking app makes it easier for you to research stocks as well as track the performance of your portfolio. Actually, some of its premium plans simulate rebalancing and upcoming trades. Therefore, you can select Stock Rover if you’re interested in discovering new ideas and monitoring ratings for your existing holdings.
This is a popular budgeting app that investors can use to track their investments once they link their investment accounts. The platform first downloads the transactions and account balances to determine your path to retirement. Aside from this retirement add-on, the app is working on introducing more add-ones in order to give you more information about your asset allocation.
The advantage of using Tiller is that it integrates both budgeting and investing tracking tools, it’s easy to use, and also tracks your investment using Google Sheets. However, Tiller has limited investment analysis tools and you have to switch to its premium plan at the end of the 30-day free trial which starts at $79 per year.
14. Fidelity Full View
This finance app is powered by eMoneyAdvisor. It’s exclusively designed for financial planners and they’re able to access advanced features of the eMoneyAdvisor without login into it. This enables its users to track the performance of their portfolio, asset allocation, net worth, and spending as well. They can also access the same reporting found in eMoneyAdvisor.
The advantage of using Fidelity Full View is that it’s free to use the app, but you may not access detailed reports and graphs to help you understand your portfolio’s performance.
The all-in-one portfolio app targets modern retail investors. The app has a robust custom architecture with multiple aggregators. As a result, different types of financial accounts and various locations connect to its dashboard. The app has the support of major currencies and because of that, the app integrates with renowned asset experts like Zillow. These feed your account with the real-time market value of each asset in your portfolio. In fact, the majority of modern investors keenly follow the vehicles, estate, and web domains.
Additionally, Kubera has an in-built one-of-a-kind ticker that investors with holdings in the crypto market and/or traditional stock can add to their dashboard. This enables them to track the performance of their crypto coins and individual stocks.
Lastly, Kubera has a screen that lets investors see the financial life of their assets at a glance. The beautiful charts as well as other visual analysis features enable you to view and understand the entire worth and performance of your asset.
The automated Robo-advising app targets younger investors, new investors, and those looking for a hands-off retirement planning and tracking service. The platform allocates deposited funds to different assets based on their risk. Wealthfront considers your age and risk tolerance and becomes more conservative as your retirement date draws closer.
The platform has a host of free tools to help plan and save for your retirement. You can access them with or without an account. Actually, you can register an account with Wealthfront for as low as $500 and start accessing plenty of investment options. The easy-to-us app charges 0.25% as a management fee.
529 college savings plan projector is one of Wealthfront’s unique tools that allow investors to create an account for their child, and estimate the amount of money they must have in that account when their children graduate from high school. The main goal of this feature is to help you save for your child’s education.
This is a simple retirement planning app that is new in the market and offers reasonable account minimums, low fees, and focuses on technical simplicity. Like its name, the app offers a clean design that enables investors to visualize the progress of their retirement by looking at charts and graphs.
You can easily create a Wealthsimple Basic portfolio account because it doesn’t require an account minimum balance. You will get one free phone call from the company’s financial planner who will assess whether you’re on the right track. Younger and nontraditional investors can access various unique investment options in Wealthsimple.
You can invest in any of the three weighted socially responsible indexes when you want to build a socially responsible retirement account. Each of these indexes comes from six ETFs that focus on technology firms researching cleaner energy, those committed to fair-trade practices in developing nations, and those that employ diverse hiring practices. The platform offers halal investing options to the investor following the Islamic faith.
Investors getting closer to their retirement date don’t need long-term planning instead they need more assistance to determine whether their current portfolio has adequate funds to cover their needs.
Vanguard has a supplementary free online calculator called the Vanguard Retirement Nest Egg Calculator that analyzes an investor’s current retirement savings to establish whether it will adequately cover their retirement expenses. You can find this simple and straightforward calculator on its website. It gives the investor the Monte Carlo analysis which lets them see whether the funds will last throughout their golden years. The aim is to help you make your last few years prior to retirement as proactive as necessary based on the analysis.
The cryptocurrency market has been experiencing tremendous growth in recent years. As a result, investors are keen to find a one-stop portfolio manager app to track their performance in this market. Investors can now get deep insights into their portfolio in terms of cost basis calculations, profit/loss trends, price candlestick charts, etc.
The portfolio tracking app has a trading component for Ethereum, Bitcoin, and others. It also has a crypto news section, market overview, and plenty more special features that help investors monitor pricing changes closely and in real-time.
20. Status Money
The social comparison feature of this app adds a new twist to the portfolio manager space. Investors can view anonymized data to help them compare their finances with others. The goal is to help investors save more, and monitor their spending to assess whether they are being overcharged for services and items, etc.
Status Money has fewer portfolio management features. But it has budgeting capabilities that give you some insights or an overview of your net worth. Do you need some more portfolio guidance? Status Money will connect you with financial professionals
Are you interested in investing in the traditional stock market? Ticker is an app that can help you monitor and manage your different portfolios. The app displays profit and loss details, real-time account values, time-weighted and money-weighted rates of return, and much more details about your stock market holdings.
One downside of Ticker is that its entire initial process of inputting the stock information is manual. But the app makes things easier by providing analytics, charts as well as personalized notifications to help you monitor changes in your stock holdings.
Investors interested in the US and foreign stocks can use Delta to track them. The mobile-only service can be accessed on Android and iOS devices as well as smartwatches. Some of its outstanding features included customizable graphs, monitors stocks in your local currency, and tracks daily and long-term investment performance.
Users can sync their brokerages in order to receive communications from the app. They can use the app’s crypto tracking tool to monitor their different cryptocurrencies, and connect with wallets and exchanges in order to monitor portfolio performance.
The free version has limited access to only two brokerages and is easy to use. But you can upgrade to the Pro membership at $70 per year to monitor unlimited brokerage and cryptocurrency accounts.
Are Investment Tracking Apps Safe?
You don’t need to worry about the security of these investment tracking apps because they give you read-only access to your investment accounts. So your account is not vulnerable because hackers can’t change your portfolio or anything on your financial accounts.
How Can I Choose the Best Portfolio Manager App?
The list of personal portfolio and retirement tracking apps is long. These tools enable investors to monitor their portfolios regardless of their stage in life and preferred investment style. However, the trick lies with picking the right one.
You can find the right wealth management app for your needs by taking the following steps.
Your Personal Finance Goal: It’s important to select a tool that works best for you. However, you can only do that by determining the goals that your wealth assets will achieve. Some of the goals are maximizing return on traditional or nontraditional assets or doubling your rate of saving without getting a new job, pay rise, or side hustle. Now that you have your goals, choose the most effective tool to help you achieve them.
Familiarize Yourself with Features the Apps Have: There are many wealth management apps in the market but not all of them are perfect for your hard-earned assets. A good app should provide you with features like financial planning, budgeting, saving, net worth view, a useful view of the overall wealth, alternative investment management, etc.
Evaluate the App: Try to dig deeper to see whether your preferred app aligns with your needs. First, ensure that the cost of using the app fits into your budget. While there are tons of free apps, at times premium apps have more advanced features that can help you easily monitor your portfolios and gather relevant information. Therefore confirm there are no hidden fees, costs, or ongoing payments that increase as your assets’ worth grows. Second, confirm that they don’t use your personal data without your permission. In fact, some free apps sell user data to generate revenue. Third, the app should be easy to use and you can confirm that by using their free trial period, reading reviews, or tutorial videos. Fourth, check the level of involvement the app provides. This includes offering personalized assistance and automation of reports and updates. Fifth, confirm that the app is secure enough and your data is safe. Also, as the investor, you should take some basic safety measures such as downloading apps from reputable sources, setting up a unique strong password, and avoiding operating the app on unsecured networks or public Wi-Fi.
Track down Apps’ Independent Reviews: Create a list of the apps that you would like to try their services based on their features and your goals and preferences. Next, check out a few independent reviews about these apps. These are reviews from users and not from the provider or those affiliated with it. Look for what its users don’t like about it because these downsides can help you avoid picking the wrong app to track your personal portfolios and retirement investments. Test run your options using the free trial before coming. This will help you end up with the best portfolio app for your investment needs.
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