January 17, 2021

Best Free Portfolio Management Software

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Need to monitor your stock portfolio's performance? Read this review to find out the best investment tracking tools.

Managing your financial accounts in one place lets you quickly view daily gains and your net worth. But with so many portfolio management programs available, which is the right fit for you?

Take a look at how popular portfolio tracking apps (like Personal Capital, SigFig, Morningstar) compare.

1. Personal Capital: Best Overall

Personal Capital can help with big picture stuff like net worth, spending habits, and retirement. The app syncs your banking, credit card, and investment accounts together to give a snapshot of your financial well-being.

Screenshot of Personal Capital

The app also works like a personal financial planner by giving you a "second opinion" on your investments. Based on your goals and risk profile, the Investment Checkup Tool may suggest changes to your allocation (such as more bonds and fewer stocks) to give you the ideal target allocation for minimizing risk, maximizing returns, and meeting your financial goals.

Personal Capital also offers free, detailed calculators to determine if your finances are on track and what you can do to improve your chances of a comfortable retirement. Here's what you can expect:

  • Retirement Calculator: Factors in your income, investments, and Social Security distributions using your linked accounts.
  • Scenario Simulator: Manually add different life scenarios (like buying a house or paying for a wedding) to see how these events will impact your retirement.

Personal Capital's free financial tools are highly impressive and a great value. If you also want wealth management services, Personal Capital offers robo-investing. The annual fee is 0.89% and requires a $100,000 minimum investment.

Features

  • Calculate your net worth
  • Analyze your spending and cashflow (income and expenses)
  • Plan for retirement
  • Monitor portfolio performance
  • Uncover hidden account fees
  • Investment checkups
  • Review asset allocations
  • 256-bit encryption security
  • Web platform and mobile app

2. Mint: For Basic Budgeting

Mint is one of the most popular money management tools available for tracking your saving, spending, and budgeting. You can connect all your financial accounts to get a complete view of your situation.

Screenshot of Mint

Mint is best known for budgeting and day-to-day money management. You can break down your monthly budget by category and assign an individual budget to each. Mint focuses on your current financial situation and can help you save and build long-term wealth.

Their investment tracking tool is fine for beginners, but there's no retirement planning feature. If you're an intermediate or advanced investor, you should look elsewhere.

Features

  • Track income
  • Expense categorization
  • Investment tracking
  • Goal setting and progress tracking
  • Ability to exclude accounts
  • Ability to add manual transactions
  • Free credit score
  • 256-bit encryption security
  • Web platform and mobile app

3. Stock Rover Portfolio Management: For Research Tools

Take a deep dive on any stock with just one click. Stock Rover is a powerful investment research and analysis tool for finding, comparing, and tracking stocks, ETFs, and funds. The platform links to your brokerage data to analyze your portfolio against key metrics.

You even get in-depth market news to find out what's happening with individual stocks, ETFs, bonds, and commodities.

Features

  • Powerful screens to find and rank stocks
  • Evaluate competing investment options and trends
  • Score companies for quality and growth
  • Comprehensive research reports

4. Morningstar Portfolio Manager: For Hardcore Experts

Morningstar Portfolio Manager is a research firm that compiles and analyzes fund, stock, and general market data. The manager views all of your investments in one place, keeps track of price changes, and offers research tools.

You can track your investment portfolio, evaluate your strategy, and create watch lists for potential investment opportunities. The app even lets you import 25 different portfolios.

Features

  • Create watch lists and transaction portfolios
  • Import or manual enter your holdings
  • See the weighted average expense ratio of your funds
  • Portfolio X-Ray: Checks for hidden fees and over-allocation in a specific sector, country, or stock

The Morningstar Portfolio Manager has a learning curve that is best for serious investors with detailed knowledge of the market. You can access even more features, like screeners and analyst reports, with their Premium subscription.

5. SigFig Portfolio Tracker: For Casual Investors

SigFig is a robo-advisor with a free portfolio tracker. Anyone can use it without signing up for the robo-advisor service.

You can add over 80 different brokerages to your dashboard. It then offers advice based on your current investments and risk tolerance. SigFig is less comprehensive than Personal Capital, but does contain a few key features.

Features

  • Visualize stock performance with charts
  • Real-time market quotes
  • Uncover hidden fees
  • Balance risk in portfolio allocation
  • Analyze if your portfolio is diverse enough
  • Assess your "cash drag": Finds extra cash that could be invested

SigFig's platform is intuitive and simple - good for semi-experienced investors who want to keep tabs on holdings. But it doesn't have research and analytics tools for hardcore investors.

Honorable Mentions

  • Google Sheets
    This program offers complete customization and control. Pull data using the GOOGLEFINANCE function and view historical data in tables and graphs. You can also use free templates to track investments if you want to avoid manual calculation.

  • Yahoo Finance Portfolio Tracker
    Just log into Yahoo Finance to create a new portfolio. You can view your portfolio's performance and risk analysis.

  • Portfolio Visualizer
    This free service includes portfolio back-testing, Monte Carlo simulations, portfolio optimization, factor regression, asset analytics, and timing models.

  • Sharesight
    This portfolio tracker is good for new investors. Sharesight monitors dividends and imports your trading history.

  • Ticker App
    Enter your trades, dividends, and splits to get full performance metrics. Manage multiple portfolios with charts and graphs and view a detailed analysis of profits and losses on Ticker.

Bottom Line

The right portfolio management software depends on the features you want.

  • Total control and customization? Stick with Google Sheets or Excel.
  • Want wealth management with your investment tracking? Choose a robo-advisor like Personal Capital.
  • Savvy with Wall Street lingo? There's a ton of analytics tools at your disposal.

Other factors to consider are input type (sync vs manual), software focus (all-in-one financial app vs only investment tracking), and the amount of information you need. Buy-and-hold investors don't need stock price changes like active traders do.

Investors need a way to keep track of their portfolio's performance. Just take time to figure out what's best for your investing level.

Amber Kong is a content and creative at CreditDonkey, a personal finance comparison and reviews website. Write to Amber Kong at amber.kong@creditdonkey.com. Follow us on Twitter and Facebook for our latest posts.

Note: This website is made possible through financial relationships with some of the products and services mentioned on this site. We may receive compensation if you shop through links in our content. You do not have to use our links, but you help support CreditDonkey if you do.

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