7 Best Portfolio Analysis Tools of 2022

If you’re looking to take your personal finance to the next level, portfolio analysis tools can help you do just that.

It’s a fantastic tool that allows you to monitor and examine your investments – and can be useful in making your investment portfolio management more efficient.

7 Best Portfolio Analysis Tools

Here are the seven best portfolio analyzers available on the market today:

  1. 🏆  Personal Capital
  2. Morningstar
  3. Portfolio Visualizer
  4. SigFig
  5. Quicken
  6. Mint
  7. Investment Account Manager

1. Personal Capital

Personal Capital comes with both PC and smartphone access, and set up takes a few minutes. You can easily connect bank accounts, credit cards, and investment accounts. Once the setup is completed, you will get access to your personalized dashboards.

Dashboards are useful as they provide you with a complete view of how your investments are performing, Adding to this, Personal Capital will also provide you with useful information to help you better understand your financial situation.

The software comes with a number of tools to help you balance risk and return. It does this by comparing your current situation to targets and then recommending improvements to bridge the gap. There’s also a retirement planner and analysis tool to help you manage projects and spendings. All tools are easy and fast to use, making the whole process as effortless as it is insightful.

There’s also a retirement planner calculator that shows you best (and worst) case scenarios, as well as how much you’ll be able to spend monthly based on your current portfolio.

Personal Capital is free to use, and you may get a call from a Personal Capital representative. The company does offer a number of advisory services against a fee should you wish to improve your financial situation.

  • Analyze your cash flow including incoming and outgoing funds
  • Net worth calculation
  • Investments checks and analysis
  • Retirement planning
  • Account fees analysis
  • Asset allocation analysis and review

2. Morningstar

Morningstar comes in both basic and premium plans. You can automatically import or manually enter all of your financial investments to start getting insights into your financial situation. While it is stronger on funds, its reputation as a solid portfolio analyzer spans over a range of different holdings.

Morningstar comes packed with many different tools to analyze your portfolio, including screeners for stocks and mutual funds. Having said that, you can track different investments, including stocks, cash, as well as bonds. The screeners have a filtering system that allows you to narrow down your searches. The tool also offers visual representations of your performance, making it that much easier to assess your position through comparison of designated indices.

The premium version of Morningstar adds a lot of useful functionality, such as analysis of expenses and financial ratios, among others.

  • Comes in free and premium versions
  • Stock and mutual fund screeners
  • In-depth portfolio analysis
  • Reports with visual representations make it easier to understand data
  • Portfolio tracking including price, changes in percentage, and fund rating among others

3. Portfolio Visualizer

Portfolio Visualizer is a very technical portfolio analysis tool. It offers a lot of functionality; however, you can pick and choose the tools you use based on your experience and what you want to achieve with it. Due to its technical nature, Portfolio Visualizer might be a more productive tool in the hands of experienced investors.

You can use Portfolio Visualizer to backtest portfolios going back a few years. To help you find the best allocations, you can run as many as 3 simultaneous asset allocations separately. There are various timing models and simulations, including Monte Carlo simulations.

You can analyze various securities and asset classes, including US and foreign stock asset classes. This makes Portfolio Visualizer ideal if you have foreign investments and alternative assets, including gold, real estate, and commodities.

  • Ideal for seasoned investors with foreign investments
  • Offers simulations, timing models, and factor analysis
  • 8 different strategies for optimization
  • Quantitative analysis makes it technical in the advice it offers
  • A number of different asset classes available within the software

4. SigFig

SigFig is a portfolio optimization platform that offers managed accounts as well as a free portfolio tracker. The Free Portfolio Tracker is, as the name suggests, completely free of charge. While technically it is not a portfolio analyzer, it still offers many of the features that portfolio analyzers offer, including synchronization of accounts, dashboards, and reports, among other features.

In fact, SigFig can link to a number of different accounts, including 401(K), IRA, brokerage accounts, and advisor accounts. It is compatible with over 80 different brokerages which it can connect to and download data to a single view.

Once everything is connected, you will receive weekly emails with tips and news that affect you. The analyzer will also uncover hidden fees and any risk management issues that may skew exposure. These tools, together with the rest of what SigFig has to offer, can help you better manage your portfolio and overall performance.

SigFig can be downloaded to both smartphones and tablets, regardless of whether they’re running iOS or Android. Apps can be downloaded straight from the App Store or Play Store, depending on the Operating System of your device.

  • Determine the right balance of stocks and bonds
  • Find out which funds are putting your portfolio out of balance
  • Analyze diversification within your investments
  • Match volatility with your risk tolerance profile
  • Mobile apps available

5. Quicken

Quicken is a Windows-based portfolio analyzer. It comes in 4 different versions that include Starter, Deluxe, Premier, and Home & Business. Each version builds on the previous one adding different functionality and features. There are also 3 different versions available for Mac that include Starter, Deluxe, and Premier.

The Starter version, as the name suggests, is the most basic version. It offers money management functionality, allowing you to connect your bank and credit card accounts. You can also create budgets and track your spending. The Deluxe version adds basic tracking for loans, investments, and retirement plans while the real portfolio analysis starts with the Premier version.

Here, you can use Morningstar’s X-ray tool to evaluate your investments. The software also allows you to compare options and analyze portfolios for better management. You can compare the returns you’re seeing against the market average to give you a better view of how your portfolio is performing. Other features include cost basis tracking and tax reports, among others.

  • A number of different versions are available
  • Investment evaluation with Morningstar X-ray
  • Market average comparison
  • Cost basis tracking
  • Reporting functionality

6. Mint

Mint is a free and easy to use investment management and analysis tool that is available online. It is mostly geared towards new users who are starting out in the world of investing and are looking for a simple tool that can help them manage their finances better.

In fact, Mint promotes itself as an all-in-one financial tool offering budgeting tools, credit score access, bills, and account management. It can connect to most financial institutions based in the US to give you a better view of your finances in a more complete way. It is also able to update everything automatically, doing away with manual processes to help you understand your current financial situation at any given moment.

It also offers tips on how to make your money work for you by analyzing your data and then offering recommendations and suggestions. While it works online, Mint also offers Android and iOS apps to help you access data on the go in an easier way. When it comes to security, Mint adopts a number of technologies to make sure you stay as safe and as secure as possible.

  • Accessible through an online portal or phone apps
  • Security mechanisms in place
  • Geared towards new investors
  • Combines different financial tools
  • Makes recommendations based on your data and goals

7. Investment Account Manager

Investment Account Manager has been around since 1985 and has since then managed to garner a sizeable following. It is used by both new investors as well as those who have been investing for quite a while. This is thanks to its sophisticated yet accessible interface.

Do keep in mind that Investment Account Manager is a software product dedicated to investment management and analysis. This means you will not find features such as budgeting and debt management.

There is no limit to the number of portfolios you can set up. You can add different types of financial assets, including ETFs (Exchange Traded Funds), stocks, options, mutual funds, different types of bonds, and a number of others. Each portfolio is managed and tracked separately with the ability to set up different objectives and parameters for each.

Investment Account Manager also has good reporting functionality. You can even combine portfolios to see the bigger picture and review your overall strategy in a simplified manner.

  • Suitable for different kinds of investors
  • Tracks a large number of financial assets
  • Strong reporting features
  • Individual and professional version available
  • Over 30 years of experience

What are Portfolio Analysis Tools?

A portfolio analyzer is a software product that connects to your different brokerage and bank accounts to provide you with a general overview of all your investment products. A portfolio analyzer can track and manage various types of investment products, including:

  • Mutual funds
  • ETFs (Exchange Traded Funds)
  • Stocks
  • Bonds

Of course, the type of investments that can be tracked will depend on the software. Portfolio analyzers come with many different features, including functionality to:

  • Work out ROIs (Return on Investments)
  • Track fees
  • Allocate assets
  • Retirement planning

Why Do You Need One?

If all of your investment products are sitting in one place, it can be easier to see how everything is performing. If, on the other hand, like many people, you use different brokerages and banks, it can be somewhat difficult to see the bigger picture.

Sure, a DIY excel sheet can help – but a portfolio analyzer will do the analysis quicker, without you having to manually create spreadsheets. Creating spreadsheets can be time-consuming, and nowhere near as functional as some of the portfolio analyzers available on the market today.

On top of making your life easier, are there other reasons to use an investment portfolio analyzer? Absolutely. One of the main reasons is because it can track your progress towards your investment objectives.

Not only does a portfolio analyzer make it easy to see all your investment products in one place and know exactly how much you’re investing in the stock market, how much you’re paying in fees, your rate of return, and how your investments are distributed across different portfolios – but you can also use it to really examine how you’re doing, and plan your next steps towards your investment objectives.

Finding The Right Portfolio Analysis Tools For You

If you are serious about managing your portfolios and seeing them grow, a portfolio analyzer goes a long way in helping you see the bigger picture. In this respect, Personal Capital and Morningstar are excellent platforms to try.

Both of these solutions offer a free version, which is perfect if you are just starting out with more premium features available as your portfolios grow. This can help you to not only get more out of the software but continue to improve and grow your financial standing.

Investing is not always easy. There are different variables to take into consideration. To complicate matters, most investors tend to have portfolios spread out, which can make it even more difficult to understand how you are performing.

This is precisely why Portfolio Analyzers are such a big deal. By bringing different types of investments under one roof, you can better understand how you are doing and make better, more informed financial decisions.

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