Product portfolio management tools provide a quick overview of all products, facilitating organization and analysis. This management software monitors a product’s growth prospects and operational risk, allowing you to determine which products to keep and which to eliminate. In this article, we will highlight the top eight portfolio management tools that you can easily use and adopt to manage your products/services.
Best Portfolio Management Tools
1. Personal Capital
It is free and simple to access at any time portfolio management software for individuals. Personal Capital is a programme that allows investors to synchronize their investment accounts. Once a user logs in and connects their accounts, a dashboard of their entire portfolio is automatically generated by this tool, and it can easily manage accounts held at multiple financial services providers. In addition, it computes users’ net worth and analyses their asset allocation, allowing you to analyze and compare your current investment portfolio allocation to the optimal target in order to minimize risk and maximize returns. It also includes a Retirement and savings planner, an Education planner, and a 30-day cash flow tracker.
2. Simplifi by Quicken
Simplifi, a portfolio management tool, costs approximately $4 per month. This programme manages all of your accounts, loans, and assets, allowing you to monitor your spending in a centralized location, adhere to your budget, and evaluate your investments. This Quicken app provides access to more than 14,000 Financial Institutions (FIs), making account import a simple process. A mobile, desktop, and web-based internet application for financial management is one of the most attractive features.
3. Quicken Premier
This all-inclusive portfolio management solution keeps track of the user’s portfolio by managing their bills and taxes with automatically generated reports and analytics. By utilizing potent analysis tools, clients can analyze their assets and expand their portfolios. A what-if analysis for loans and investments is one of the available tools for simplifying financial planning and eliminating debt. This instrument costs approximately $6 per month.
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4. Mint by Intuit
It is an excellent choice for novice investors. Mint is an actual application for managing personal finances. Similar to YouTube, Mint is almost entirely free. Clients can easily link their bank accounts, loan and investment accounts, and other accounts. It monitors your expenditures, portfolio performance, and credit score, allowing you to track your progress. It includes features such as a bill tracker, overdraft protection alerts, and a budget planner with individualized goals.
5. Morningstar Instant X-Ray
It is among the most esteemed names in investment research. Its Instant X-Ray service offers a comprehensive portfolio analysis. Using this instrument, you can delve deeper into your mutual funds (MF) to identify personal investments and view cross-fund asset allocation, sector weightings, geographic distribution, and expense ratios. It aids in the monitoring of all stock and bond investments by displaying price, percentage change, and share information. Advanced analytics may cost approximately $35 per month with this software.
6. Ziggma
Ziggma, an all-inclusive platform for managing a solution portfolio, is offered in both a free and a paid version. The free edition includes a stock and ETF screener, portfolio analytics and tracking tools, the option to connect your investment accounts, and a dividend schedule for your portfolio. The subscription edition’s enhanced features, which include a top-50 stock list, portfolio simulations, smart alerts, and model portfolios, are available for approximately $10 per month.
7. Kubera
In addition to conventional investments such as stocks, bonds, mutual funds, and ETFs, it tracks the value of cryptocurrencies and non-fungible tokens. In addition, DeFi assets on other chains, such as Polygon, BSC, and Ethereum, are supported.
8. StockRover
StockRover provides portfolio management and investment research for all price points. Paid versions range in price from $8 to $28 per month. Investors can choose between one free plan and three paid ones, depending on the features they wish to use and unlock. The free edition includes a portfolio dashboard with extensive performance data, portfolio management, and brokerage account integration.
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