View All Investment Accounts in One Place

By | July 1, 2022

The ideal investment tracking app makes managing investments a breeze. Investment apps can track not only the portfolio’s performance, but also its fees, asset allocation and projected future growth. What follows are the best investment tracking apps based on numerous factors, including cost, features and ease of use.

Best Investment Tracking Tools
  1. Summary of Best Investment Tracking Apps
    • Personal Capital
    • Stock Rover
    • Google Sheets
    • Tiller
    • Morningstar
    • Quicken Premier
    • Mint.com
    • Fidelity Full View
    • Kubera
  2. How to Choose the Best Investment Tracking App
  3. Methodology
  4. FAQs
    • What is the best investment tracking app?
    • Are investment tracking apps hard to use?
    • How do I set up investment tracking alerts with many of the tools on our list?
  5. Other Portfolio Management Apps I’m Tracking

Summary of Best Investment Tracking Apps

Personal Capital

Personal Capital is our Editor’s Choice, and an investment tracking app that I’ve used for many years. It earns our top ranking for several reasons. First, once you link your investment accounts to Personal Capital it automatically downloads all of your transaction, balance and returns data. It can link both retirement and non-retirement accounts.

Personal Capital Dashboard

Second, in addition to performance data, it gives you data on the fees charged by each of your investments, and how those fees will affect your wealth over time. Third, It integrates all of your data into a robust retirement calculator you can use to plan your future retirement.

You can link bank accounts, credit cards, investment accounts and even the value of your home through Zillow. In this regard, Personal Capital enables you to manage all of your finances, not just your investments.

Pros

  • Free
  • Automatically downloads all of your financial data
  • Tracks your asset allocation
  • Tracks your investment fees
  • Integrates with a robust retirement tool

Cons

  • Personal Capital will contact you about their investment advisory services

Stock Rover

For those with more complicates stock portfolios, Stock Rover is an excellent option. There is a learning curve to this tool, but they provide video guides and plenty of help. Stock Rover provides a wealth of data on stocks, ETFs and mutual funds. And it also offers countless ways to evaluate individual investments or your portfolio as a whole.

The app enables you to connect all your investment accounts for automatic updates. Alternatively, you can enter your portfolio manually. It also offers pre-set portfolios you can use for evaluation purposes.

Pros

  • Robust tools and reporting
  • Connects to your brokerage and retirement accounts
  • Dividend income calendar
  • Countless charts to evaluate any investments

Cons

  • It requires an annual fee, although a reasonable one
  • Because of its rich features, there is a learning curve

Google Sheets

For those who don’t want to connect their financial accounts to an app, Google Sheets is ideal. Using the Google finance function, you can pull in data on mutual funds, ETFs and stocks. This can include a fund or company’s name, its price, performance, and its expense ratio.

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For those that don’t want to create their own, I’ve created a free investment tracking spreadsheet that you can use.

Pros

  • Free
  • Doesn’t require connecting financial accounts to an app
  • Google Finance functions automatically download some fund and stock data

Cons

  • Share totals are not automatically updated
  • Asset allocation is limited
  • No retirement planning tool
  • No fee analyzer tool

Tiller

Tiller is without question my all time favorite budgeting app. What many don’t know, however, is that you can also use it to track your investments. At present, you can connect all of your investment accounts and Tiller will download your transactions and account balances.

Tiller Investment Tracking

It also has a retirement add-on that can determine your path to retirement. I recently spoke with the folks at Tiller and understand that they are also working on another add-one that will give you insight into your asset allocation.

Pros

  • Very easy to use
  • Integrates not just investment tracking but also budgeting
  • Uses Google Sheets so it’s ideal for those who love spreadsheets

Cons

  • Investment analysis tools are currently still limited
  • After a 30 day free trial it costs $79 a year

Morningstar

Morningstar is another tool that I’ve used for many years. In fact, I’ve created a YouTube video course that walks through how to use the robust tools offered by Morningstar. The tools include a portfolio tracker.

The one downside is that you have to enter your portfolio manually. You also have to update it manually. As a result, it takes a lot of work to keep your portfolio updated. On the plus side, Morningstar offers arguably the most robust amount of tools and analysis available today.

Pros

  • Excellent investment tools and analysis
  • Track performance to the penny, including dividend reinvestments
  • Excellent mutual fund and ETF analysis tools
  • Free for basic portfolio tracker

Cons

  • Data must be entered manually
  • Data must be updated manually
  • $199 annual fee to get access to all the morning stars data and tools

Quicken Premier

Quicken is arguably the longest surviving budgeting and personal finance software. I was using it more than 20 years ago. Today with Quicken Premier you can track your investments, including your performance and realized and unrealized gains. And it has tools to make preparing your taxes easier. It also pulls in data from Morningstar. On the downside, however, there’s an annual fee for the software of approximately $75.

Quicken Investment Tracking

Pros

  • Tracks performance of investments
  • Tracks cost basis
  • Makes taxes easier

Cons

  • Quicken is somewhat outdated
  • Costs approximately $75 a year

I’ve used Quicken Premier to track investments, but today I prefer several Quicken alternatives for both investment tracking and budgeting.

Mint.com

Mint allows you to track all of your investments online. Similar to Personal Capital you connect both investment accounts as well as banking accounts and Mint downloads transactions and balances for you.

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Mint
7 Best Investment Tracking Apps in 2021

It comes with portfolio tracking for investments. It will keep track of your portfolio’s performance, and any investment fees you’re being charged. One big downside to Mint.com is it uses an advertising model. As a result, sometimes it can feel like you’re being bombarded with ads. For this reason, there are several Mint alternatives to consider.

Pros

  • It’s free
  • Can manage all of your finances
  • Automatically downloads transactions and balances

Cons

  • Advertising based
  • Limited investment and portfolio analysis tools

Fidelity Full View

The last investment tracking app on our list is Fidelity Full View. Fidelity’s tool is powered by eMoneyAdvisor, a finance app used exclusively by financial planners. I have access and use eMoneyAdvisor through a financial planner I work with (although I manage our own investments). With Fidelity Full View, however, you can get many of eMoneyAdvisor’s tools without going through an advisor.

Fidelity Full View

For example, Full View enables you to track your portfolio’s performance and asset allocation. You can track your net worth and spending as well. It doesn’t, however, offer the same reporting that eMoneyAdvisor offers.

Pros

  • Free
  • Tracks asset allocation
  • Monitors spending
  • Tracks net worth

Cons

  • Limited reporting
  • Reports and graphs could be better

Kubera

Kubera is the newest investment app in the list. I’ve added it for its simplicity and a few features no other app on our list offers. First, understand that Kubera has very few features. You can connect investment accounts, your home’s value (via Zillow) and even the value of internet domains you own.

Its visual presentation is clean and simple. You can organize your investments in buckets. For example, you could separate retirement, taxable, HSA and real estate. It provides a net worth summary with graphs. You can also track insurance policies, store important documents in its virtual “Safe Deposit Box,” and add “beneficiaries” who can receive all the information in your account should you die.

What Kubera doesn’t offer, however, is any analysis of your investment portfolio. There’s no asset allocation or fee analysis, and there is no retirement planner. On top of these limitations, Kubera costs $15 a month.

Pros

  • Clean, simple interface
  • Connect investment accounts
  • Track real estate, domains and insurance policies
  • Tracks net worth

Cons

  • $15/month or $150/year
  • No investment analysis
  • Graphs and charts limited

How to Choose the Best Investment Tracking App

The best way to track your investments depends on the complexity of your portfolio. For those with just a single account, a portfolio tracking app isn’t necessary. If all of your investments are in a 401k at work, you can simply track and manage your investments through the brokerage that holds your 401k. Likewise, if you have a single IRA account, you can track that investment easily wherever it is being held.

If you’re looking to open an IRA here are the best IRA accounts available today.

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If, like me, you have multiple investment accounts, a tracking app is the best way to manage your investments. That’s particularly true if you hold investments at different brokers. This is common when individuals open up IRAs at brokers and have 401k’s elsewhere. It’s also common with spouses who often have retirement accounts at different financial institutions.

For these types of portfolios, an investment tracker that automatically downloads transactions and balances is ideal. Here, you want to look for an investment app that offers tools to help you analyze your portfolio. The most important tools give you insight into your asset allocation, investment fees and retirement readiness.

We rate Personal Capital as the absolute best investment tracking app, because it does all of this for free. The other apps in our list are also good options.

Methodology

The methodology used in selecting the best investment tracking apps was simple–I’ve used each and every one of them, along with dozens of other options not listed. In most cases, I’ve used the software for years.

I based the selection on several factors:

  • Cost
  • Automation
  • Investment analysis tools
  • Retirement planning tools
  • Ease of use
  • Dashboards, charts and reports

FAQs

What is the best investment tracking app?

In my view, the single best investment tracking tool is Personal Capital. It’s free and automated and comes with a wealth of investment analysis tools.

Are investment tracking apps hard to use?

Some are and some are not. With tools like Personal Capital or Quicken, It’s simply a matter of connecting your investment accounts. Once connected, the tools analyze all of the data and present it in a way that’s easy to understand.

Some software that must be downloaded, however, has a much higher learning curve. And for that reason did not make our list of the best options.

How do I set up investment tracking alerts with many of the tools on our list?

You can get notified when any transactions occur in your account. Personal Capital for example, will email you every day, week or month to notify you of any transactions in your linked accounts.

Other Portfolio Management Apps I’m Tracking

The above apps are the best I’ve found, but I am evaluating other stock tools:

Stock Rover: I’ve been using this tool for several weeks and really like it. It can be used for index fund investors, stock traders, and everybody in between. It includes tons of research data, useful historical data, and even asset allocation portfolios you can examine.

EquityStat: Another stock tracker with a clean interface. It’s ideal for tracking the performance of an investment portfolio. Unfortunately, it doesn’t give you any insight into the asset allocation of a portfolio.

View All Investment Accounts in One Place

Source: https://robberger.com/investment-tracking-apps/

Posted by: finance.companiamedica.com

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