Best Investment Portfolio Management Tools
Investment portfolio management software, also known as wealth management software, tracks and manages investor portfolios. Investment professionals use these solutions to build, track, and manage their clients’ investment portfolios. This software includes tools that facilitate client-investor communication and can be used by investors, financial advisors, and their clients.
Wealth management firms, asset management companies, hedge funds, insurance companies, and pension funds use portfolio management platforms to manage client portfolios, monitor fund performance, manage liabilities, and diversify asset management.
Best portfolio management platforms come with features like investment tracking, investment accounting, reporting, client communication tools, investment analytics tools, and more. It allows advisors and investment professionals to maintain a holistic view of their activities on behalf of their clients, aggregating all relevant data and offering tools to aid in investment analysis. Moreover, the best investment portfolio management software allows users to watch asset values, stay on top of market conditions, spot threats and exposure to risks, and provide custom financial insights.
If investment portfolio management tools do not have built-in accounting features, they often integrate with other accounting solutions for support, such as brokerage trading platforms. Solutions in this category also connect to third-party sources to import market data.
To qualify for inclusion in the Investment Portfolio Management category, a product must:
Best Investment Portfolio Management Software At A Glance
G2 takes pride in showing unbiased reviews on user satisfaction in our ratings and reports. We do not allow paid placements in any of our ratings, rankings, or reports. Learn about our scoring methodologies.
- Overview
- Pros and Cons
- User Satisfaction
- Seller Details
Morningstar Direct can help you research markets, position products, analyze the competition, and share their insights quickly, clearly, and concisely. Direct meets your workflow needs in one place
- Investment Analyst
- Analyst
- Financial Services
- Investment Management
- 38% Enterprise
- 37% Small-Business
229,833 Twitter followers
- Overview
- Pros and Cons
- User Satisfaction
- Seller Details
Morningstar Direct Advisory Suite is a comprehensive software solution designed to assist financial advisors in delivering effective investment advice and managing client relationships. This connected
- Financial Advisor
- Financial Planner
- Financial Services
- Investment Management
- 62% Small-Business
- 26% Enterprise
229,833 Twitter followers
- Overview
- Pros and Cons
- User Satisfaction
- Seller Details
Koyfin is a modern and cost-effective financial analytics platform used by over 30,000 financial advisors and wealth managers. It provides tools to create model portfolios, analyze client portfolios,
- Financial Services
- Investment Management
- 88% Small-Business
- 8% Mid-Market
66,542 Twitter followers
- Overview
- Pros and Cons
- User Satisfaction
- Seller Details
Your business is built to grow—and so is our 401(k) plan. It’s easy to manage, supports your long-term strategy, and provides proactive guidance at every step, keeping your plan running smoothly and s
- CEO
- Owner
- Computer Software
- Financial Services
- 75% Small-Business
- 24% Mid-Market
36,620 Twitter followers
- Overview
- Pros and Cons
- User Satisfaction
- Seller Details
Betterment Advisor Solutions is the all-in-one custodial platform purpose-built for independent RIAs, helping you serve more clients, more efficiently, across investing, retirement, and cash. Powe
- Financial Services
- Investment Management
- 97% Small-Business
- 3% Enterprise
36,620 Twitter followers
- Overview
- Pros and Cons
- User Satisfaction
- Seller Details
eMoney is a comprehensive financial planning platform designed to empower financial professionals to build stronger client relationships, streamline business operations, and drive practice growth. Wit
- Financial Services
- 75% Small-Business
- 14% Mid-Market
13,916 Twitter followers
- Overview
- Pros and Cons
- User Satisfaction
- Seller Details
Morningstar Office is the only turn-key portfolio accounting and practice management platform for RIAs (Registered Investment Advisors) that fully integrates Morningstar’s robust data, analytics, and
- Financial Services
- 83% Small-Business
- 17% Enterprise
229,833 Twitter followers
- Overview
- User Satisfaction
- Seller Details
Firms that want to stay current and competitive in this dynamic market need a portfolio management solution that supports multiple asset classes, multi-currency portfolios, complex global fund structu
- Financial Services
- 50% Enterprise
- 50% Mid-Market
2,549 Twitter followers
- Overview
- Pros and Cons
- User Satisfaction
- Seller Details
Altruist is on a mission to make great independent financial advice more efficient, affordable, and accessible. The company’s all-in-one financial advising platform provides fiduciary advisors with cu
- Financial Services
- 100% Small-Business
4,559 Twitter followers
- Overview
- User Satisfaction
- Seller Details
SimCorps portfolio management software gives you real-time investment management analytics and data to help improve decision making. From front to back, our product portfolio delivers the resources yo
- Financial Services
- 48% Mid-Market
- 38% Enterprise
2,101 Twitter followers
- Overview
- User Satisfaction
- Seller Details
Backstop, a service of ION Analytics, has a mission to help clients break down the barriers to data access and deliver better decisions. As part of ION Analytics, our industry-leading services redef
- Financial Services
- Investment Management
- 76% Small-Business
- 20% Mid-Market
- Overview
- User Satisfaction
- Seller Details
NetX360 provides the technology to efficiently manage your business from CRM and client onboarding to operations and reporting.
- Financial Services
- Information Technology and Services
- 41% Enterprise
- 29% Mid-Market
7,126 Twitter followers
- Overview
- Pros and Cons
- User Satisfaction
- Seller Details
Provide a completely new way to invest in the stock market, we make it easy, understandable and enjoyable. Simply wall st sought to address this by presenting stock data in a new, visual format, one t
- 67% Small-Business
- 17% Enterprise
15,213 Twitter followers
- Overview
- User Satisfaction
- Seller Details
Seeking Alpha is an industry leader in mining the wisdom of the crowds for insights on every topic of interest to investors. It provides analysis, news, and data to stock market investors, via our web
- Financial Services
- 68% Small-Business
- 23% Mid-Market
297,952 Twitter followers
- Overview
- User Satisfaction
- Seller Details
Named the top choice of financial planning software for eight straight years, according to Financial Planning Magazine's annual survey. Why? We make financial planning engaging for the client.
- Financial Services
- 83% Small-Business
- 13% Mid-Market
- Overview
- Pros and Cons
- User Satisfaction
- Seller Details
Ziggma is a next-generation portfolio management and investment research platform, designed for independent investors. Clients, who link their portfolios to Ziggma, benefit from unique insights into
- Financial Services
- 100% Small-Business
- 6% Mid-Market
- Overview
- Pros and Cons
- User Satisfaction
- Seller Details
The fi360 Toolkit simplifies your processes to meet industry best practices and fiduciary principles. It delivers reports that clients will use and understand. Back office features allow for firm-wide
- Financial Services
- 73% Small-Business
- 18% Enterprise
5,976 Twitter followers
- Overview
- User Satisfaction
- Seller Details
Altair is a portfolio management, investment accounting and reporting software for investment managers, pension funds, insurance companies, private client brokers, banks and trust agencies in the Bene
- Automotive
- 48% Mid-Market
- 29% Small-Business
4,825 Twitter followers
- Overview
- Pros and Cons
- User Satisfaction
- Seller Details
Nitrogen revolutionized how financial advisors and wealth management firms grow with the launch of Riskalyze in 2011. Today, Nitrogen is the growth platform for wealth management firms, helping adviso
- Financial Services
- Investment Management
- 90% Small-Business
- 7% Mid-Market
8,714 Twitter followers
- Overview
- Pros and Cons
- User Satisfaction
- Seller Details
Orion Risk Intelligence is a suite of risk-focused tools and intelligence to help quantify the potential impacts of future risks and make more informed decisions in the face of global uncertainty. The
- Financial Services
- Investment Management
- 75% Small-Business
- 22% Mid-Market
7,837 Twitter followers
- Overview
- Pros and Cons
- User Satisfaction
- Seller Details
Investors thrive with Visible by streamlining portfolio monitoring, tracking fund performance, reporting to stakeholders, and uncovering portfolio insights.
- Venture Capital & Private Equity
- 90% Small-Business
- 10% Mid-Market
4,033 Twitter followers
- Overview
- Pros and Cons
- User Satisfaction
- Seller Details
The FactSet Workstation is a dynamic platform designed to empower financial professionals with seamless data access, advanced analytics, and intuitive technology. Integrating over 800 data sources acr
- Financial Services
- Investment Management
- 47% Small-Business
- 38% Enterprise
119,076 Twitter followers
- Overview
- Pros and Cons
- User Satisfaction
- Seller Details
StratiFi is a risk management platform that uses institutional principles to quantify risk on a simple 1-10 scale. We empower advisors to educate clients, design robust portfolios, standardize risk an
- 86% Small-Business
- 14% Mid-Market
1,645 Twitter followers
- Overview
- Pros and Cons
- User Satisfaction
- Seller Details
Altvia empowers GPs to deliver a best-in-class LP experience. Altvia has become a trusted partner for firms looking to optimize processes and stand out in the competitive market. Founded in 2006 a
- Financial Services
- Venture Capital & Private Equity
- 79% Small-Business
- 14% Mid-Market
314 Twitter followers
- Overview
- Pros and Cons
- User Satisfaction
- Seller Details
Addepar empowers investors and advisors to navigate the increasingly complex world of investment management. No matter your financial profile or specific investment needs, Addepar fits the goals of yo
- 60% Mid-Market
- 40% Enterprise
5,278 Twitter followers
- Overview
- Pros and Cons
- User Satisfaction
- Seller Details
Atrad is a trading platform supporting equity and debt trading. Atrad offers ESG investments in emerging markets and offers powerful ways to trade in emerging capital markets with flexibility. Atr
- 70% Small-Business
- 30% Mid-Market
- Overview
- Pros and Cons
- User Satisfaction
- Seller Details
Carta Fund Management is a comprehensive fund management platform designed to streamline and elevate the way venture capital firms manage their investments, from capital calls to investor reporting. T
- Computer Software
- 84% Small-Business
- 16% Mid-Market
28,137 Twitter followers
- Overview
- Pros and Cons
- User Satisfaction
- Seller Details
- 60% Mid-Market
- 40% Small-Business
- Overview
- Pros and Cons
- User Satisfaction
- Seller Details
Robust platform with CRM, workflow management, and tools to help grow your wealth management and advising business.
- Financial Services
- 50% Small-Business
- 40% Enterprise
1,819 Twitter followers
- Overview
- User Satisfaction
- Seller Details
StockMarketEye is an easy to use portfolio management software for asset managers and individual investors. StockMarketEye makes it easy to keep track of multiple investment portfolios and monitor th
- 100% Small-Business
- Overview
- User Satisfaction
- Seller Details
In today’s complex and competitive investment landscape, you need to be on top of your game. And the right technology can stack the odds in your favor. APX provides one central, scalable platform for
- 67% Small-Business
- 33% Mid-Market
2,549 Twitter followers
- Overview
- User Satisfaction
- Seller Details
Allvue Systems is a leading provider of investment management solutions for fund managers, investors, and administrators in the alternative investments industry. We offer innovative, configurable inve
- 67% Small-Business
177 Twitter followers
- Overview
- User Satisfaction
- Seller Details
Croesus actively listens, learns and engages with them to develop technology solutions that are innovative, flexible and secure.
- 67% Mid-Market
- 33% Enterprise
508 Twitter followers
- Overview
- User Satisfaction
- Seller Details
FundsIndia is one of India's largest investment/mutual fund platforms with nearly Rs. 5000 crores ($725M+) invested with us by 10 lakh+ loyal investors. We've cemented our position as the fastest-grow
- 67% Small-Business
- 33% Enterprise
26,354 Twitter followers
- Overview
- Pros and Cons
- User Satisfaction
- Seller Details
Investment Account Manager is a desktop Windows based portfolio management software.
- 33% Enterprise
- 33% Mid-Market
- Overview
- User Satisfaction
- Seller Details
Orion’s fully integrated trading suite–including a tax-intelligent rebalancer, custom SMA optimizer, and robust model marketplace–empowers firms to personalize client portfolios while scaling back-off
- 67% Small-Business
- 33% Enterprise
7,837 Twitter followers
- Overview
- Pros and Cons
- User Satisfaction
- Seller Details
- 67% Small-Business
- 33% Enterprise
- Overview
- User Satisfaction
- Seller Details
The Black Diamond® Wealth Platform is an offering of SS&C Advent, a business unit of SS&C Technologies. Financial management firms of all sizes leverage Black Diamond to streamline operations,
- 100% Small-Business
2,549 Twitter followers
- Overview
- User Satisfaction
- Seller Details
Dynamo Software is a complete investment management platform that is highly configurable, cloud-based, automated, and versatile. It is designed to meet the front-to-back office needs of GPs, LPs, and
- 55% Small-Business
- 27% Enterprise
344 Twitter followers
- Overview
- Pros and Cons
- User Satisfaction
- Seller Details
eFront is a leading software provider of end-to-end solutions dedicated to the financial industry with a recognized expertise in alternative investments and enterprise risk management
- 50% Enterprise
- 50% Mid-Market
1,106 Twitter followers
- Overview
- User Satisfaction
- Seller Details
EquatePlus is the secure, easy to use web-based platform for your equity and non-equity based compensation plans
- 50% Small-Business
- 50% Enterprise
238 Twitter followers
- Overview
- Pros and Cons
- User Satisfaction
- Seller Details
FolioSure enables General Partners (GP) and Limited Partners (LP) accurate tracking and comparison of the performance of portfolio companies. FolioSure gives Private Equity (PE) and Venture Capital (
- 50% Mid-Market
- 50% Small-Business
- Overview
- User Satisfaction
- Seller Details
iLEVEL is a portfolio monitoring to streamline data collection and reporting solution.
- 100% Mid-Market
- Overview
- User Satisfaction
- Seller Details
- 150% Small-Business
- Overview
- Pros and Cons
- User Satisfaction
- Seller Details
FIS™ Investran, our private equity accounting and reporting solution, unifies fragmented data, automates complex processes, and supports smarter accounting while reducing costs, errors and pressure on
- 100% Enterprise
26,623 Twitter followers
- Overview
- User Satisfaction
- Seller Details
TRX is a rebalancing software solution for RIAs who adhere to Modern Portfolio Theory (asset allocation).
- 100% Small-Business
229,833 Twitter followers
- Overview
- User Satisfaction
- Seller Details
Mprofit is a portfolio management and accounting management software designed for investors, traders, advisiors, corporates, family offices and CAs to manage your stocks, MFs and other assets.
- 33% Enterprise
- 33% Mid-Market
5,506 Twitter followers
- Overview
- User Satisfaction
- Seller Details
Pepper is a cloud-native investment data platform that powers investment managers' decision-making infrastructure. It has a full suite of functionality that enables investment managers to create a sin
- 40% Mid-Market
- 40% Small-Business
- Overview
- Pros and Cons
- User Satisfaction
- Seller Details
Seamless is a cloud based fund accounting software providing all the tools you need for fund accounting .
- 100% Mid-Market
- Overview
- Pros and Cons
- User Satisfaction
- Seller Details
Investing and saving internationally, made smart, simple and secure.
- 50% Enterprise
- 50% Small-Business
- Overview
- User Satisfaction
- Seller Details
Vyzer is the only digital wealth management platform that combines public and private investment performance tracking, financial planning tools, projections and benchmarking in one powerful solution,
- 100% Small-Business
683 Twitter followers
- Overview
- User Satisfaction
- Seller Details
Whether your firm manages institutional assets, individual wealth, or a combination of the two, leverage a powerful, cloud-based solution that optimizes your portfolio management, order creation, and
- 100% Enterprise
2,549 Twitter followers
- Overview
- User Satisfaction
- Seller Details
Altss is a next-generation LP database built for fundraising in private markets. Designed by fund managers with over $7B in capital raised, Altss helps venture capital firms, private equity managers,
- 100% Small-Business
- Overview
- User Satisfaction
- Seller Details
Assetmax is an investment management software for independent asset managers. It includes compliance, portfolio management, invoicing, reporting, back-office.
- 100% Mid-Market
- Overview
- User Satisfaction
- Seller Details
Atom is the embedded investment intelligence software that’s redefining the consumer investment experience. We have everything digital-first brokers, fintechs, and publishers need to keep investors en
- 100% Small-Business
- Overview
- User Satisfaction
- Seller Details
Axisoft is a Top-Notch Financial Technology Provider with offices in Hong Kong, Singapore, Shanghai, Zhuhai and ShenZhen. Since 1998, we have been helping global top-tier Private Banks to improve thei
- 100% Small-Business
- Overview
- Pros and Cons
- User Satisfaction
- Seller Details
Beanvest allows investors to track their investment portfolio performance. The software provides allocation charts, portfolio benchmarks (vs S&P 500 for example), and many other features to keep t
- 100% Small-Business
- Overview
- Pros and Cons
- User Satisfaction
- Seller Details
Clearwater Analytics is a global industry-leading SaaS solution for automated investment data aggregation, reconciliation, accounting, compliance, risk, performance and reporting. Each day, the Clearw
- 100% Small-Business
1,417 Twitter followers
- Overview
- User Satisfaction
- Seller Details
Diligent Equity (formerly EquityEffect) is a cap table management software designed to track and manage shares, convertible notes, warrants, options and secondary transactions.
- 100% Small-Business
4,536 Twitter followers
- Overview
- Pros and Cons
- User Satisfaction
- Seller Details
Our Stock Portfolio Tracker makes it easy to track the performance and analyze all of your investments in one place.
- 100% Mid-Market
347 Twitter followers
- Overview
- Pros and Cons
- User Satisfaction
- Seller Details
Designed to optimize operational and investment alpha throughout the entire investment process.
- 100% Mid-Market
4,825 Twitter followers
- Overview
- Pros and Cons
- User Satisfaction
- Seller Details
Combine award-winning technology and investment-grade data in a custom digital experience for your clients and advisors. For wealth managers, success means differentiating yourself from competitors b
- 100% Mid-Market
119,076 Twitter followers
- Overview
- User Satisfaction
- Seller Details
Fidessa's Investment Management Solution enables mid- to large-tier asset managers to meet sophisticated requirements across regions and asset classes with a comprehensive, functionally rich, high-per
- 100% Mid-Market
5,000 Twitter followers
- Overview
- Pros and Cons
- User Satisfaction
- Seller Details
GlobalBackOffice is a web-based offering for prime brokers, hedge funds, asset managers, day trading groups, family offices and other investment professionals.
- 100% Mid-Market
- Overview
- User Satisfaction
- Seller Details
Our Crypto Portfolio Management System has been designed for Crypto Funds or Crypto Asset Managers to help them achieve optimal portfolio management and operational efficiency. Our product offering i
- 100% Enterprise
565 Twitter followers
- Overview
- User Satisfaction
- Seller Details
Customer relationship management software designed for the financial industry for professionals.
- 100% Small-Business
- Overview
- User Satisfaction
- Seller Details
How can you invest in ETFs if you have never traded before? Which ETF is the most suitable for you? And what are the nuances to consider when it comes to taxes? Answers to these and other questions
- 100% Small-Business
9,956 Twitter followers
- Overview
- User Satisfaction
- Seller Details
Katipult DealFlow is an award-winning, proprietary cloud-based software infrastructure to digitize and automate new issues, while providing best-of-breed standards for eliminating transaction redundan
- 100% Enterprise
- Overview
- User Satisfaction
- Seller Details
KoreConX is an all-in-one platform for companies looking to raise capital. The platform supports a wide variety of activities, from issuing securities to managing shareholder relations and cap table.
- 100% Mid-Market
- Overview
- Pros and Cons
- User Satisfaction
- Seller Details
Kubera is the world's most modern portfolio tracker software. It lets you track all your assets in one place: stocks, savings, crypto, real estate, collectibles, digital and more. Kubera supports most
- 100% Small-Business
- Overview
- User Satisfaction
- Seller Details
- Overview
- User Satisfaction
- Seller Details
Our extensive, seamlessly integrated and modular front-to-back office solutions are designed to support a diverse array of asset managers and are available a-la-carte.
- 100% Small-Business
- Overview
- Pros and Cons
- User Satisfaction
- Seller Details
Palance is on a mission to revolutionise investment portfolio analytics, offering a groundbreaking platform that addresses the widespread challenges faced by both individual and business investors. Ou
- 100% Small-Business
12 Twitter followers
- Overview
- Pros and Cons
- User Satisfaction
- Seller Details
Pro Stock Tracker is an investment portfolio tracking platform used by individual investors, investment professionals, and educational institutions such as schools and universities. It supports a w
- 100% Small-Business
- Overview
- Pros and Cons
- User Satisfaction
- Seller Details
quirion has revolutionized asset management and already offers professional asset management from as little as 10,000 (action until 31.07.2019: when participating in the raffle, the minimum investmen
- 100% Mid-Market
550 Twitter followers
- Overview
- User Satisfaction
- Seller Details
Founded in 2015, RightCapital is the fastest-growing financial planning software with the highest user satisfaction among advisors. Our modern, intuitive features make the financial planning process a
- Financial Services
- 85% Small-Business
- 15% Mid-Market
2,903 Twitter followers
- Overview
- User Satisfaction
- Seller Details
Since its establishment in 2015, SerVC has successfully built financial departments for over 70 VC firms. Our organic growth inspired us to develop a VC Software that unifies fund lifecycle under one
- 100% Small-Business
- Overview
- User Satisfaction
- Seller Details
- Overview
- Pros and Cons
- User Satisfaction
- Seller Details
- Overview
- User Satisfaction
- Seller Details
Shootih is a way to help small and medium-cap companies (like Systango) manage their cash flow, forecasts, investments, goals and become more tax efficient effortlessly on a single platform with the h
- 100% Small-Business
- Overview
- User Satisfaction
- Seller Details
SIACharts is an investment research platform that has been providing market intelligent solutions to financial advisors for over 15 years. SIA's proprietary Equity Action Call based on global capital
- 100% Mid-Market
- Overview
- Pros and Cons
- User Satisfaction
- Seller Details
Skye is the premier AI diligence and investment analysis platform developed by Skylark AI. With Skye, users can sort and categorize multi-modal disparate data to develop custom enterprise agents that
- 100% Small-Business
- Overview
- User Satisfaction
- Seller Details
Standard Metrics is an automated data platform that enables financial transparency between startups and investors, empowering founders to make better decisions in scaling their companies.
- 100% Small-Business
- Overview
- Pros and Cons
- User Satisfaction
- Seller Details
True Link is a diversified financial services firm dedicated to protecting and increasing customers' independence and quality of life.
- 100% Small-Business
1,532 Twitter followers
- Overview
- User Satisfaction
- Seller Details
Vantage Insight is a graphical dashboard and reporting tool for rich, intuitive, reporting.
- 100% Mid-Market
12 Twitter followers
- Overview
- User Satisfaction
- Seller Details
The Windham Portfolio Advisor (WPA) is a complete asset allocation, risk management, and simulation platform designed to assist the most sophisticated investment professionals in the construction of e
- 100% Small-Business
- Overview
- User Satisfaction
- Seller Details
1Token is the all-in-one financial software for crypto institutions, supporting 20+ Blockchains, 100+ Defi protocols, and 80+ CeFi & traditional trading venues. Currently, 1Token software support
- Overview
- User Satisfaction
- Seller Details
360F enables data-driven and scalable advisory in life insurance and wealth management with intelligent automation and scientific engagement.
- Overview
- User Satisfaction
- Seller Details
Abundance makes it easy for you to invest directly into projects and businesses you believe in, and get a fair return from what they achieve.
5,547 Twitter followers
- Overview
- User Satisfaction
- Seller Details
Advisory Alpha delivers comprehensive asset management services to our independent advisor partners as well as individual investors and retirement plans.
411 Twitter followers
- Overview
- User Satisfaction
- Seller Details
AgilLink provides scale, control and security to family offices, business managers and sport management firms that offer bill pay and accounting services. Our specialized multi-entity accounting and s
- Overview
- User Satisfaction
- Seller Details
AIRR is single SaaS solution for professional investment activities, where all data is integrated from any external system you use and consolidated on a single platform, updated continuously and avail
- 100% Small-Business
- Overview
- User Satisfaction
- Seller Details
AI-Signal Fund Xpert is an advanced AI-driven platform designed to assist family offices and investors in monitoring and predicting the behavior of private funds and fund managers globally. Leveraging
- Overview
- User Satisfaction
- Seller Details
Alinea is an investment platform designed to simplify and democratize investing for beginners, particularly targeting Gen Z and women. The app offers a user-friendly interface that allows users to inv
- Overview
- User Satisfaction
- Seller Details
Allo is an all-in-one enterprise portfolio management solution for crypto funds. Allo streamlines operations and automates tedious data analysis and reporting, allowing portfolio managers to focus on
- Overview
- User Satisfaction
- Seller Details
Alphastream is an AI-driven platform designed to revolutionize data extraction and analysis in the capital markets sector. By leveraging advanced artificial intelligence, machine learning, and natural
- Overview
- User Satisfaction
- Seller Details
- Overview
- User Satisfaction
- Seller Details
Alto delivers an easy-to-use, automated process for investing in alternatives with your IRA savings.
20 Twitter followers
- Overview
- User Satisfaction
- Seller Details
Aquicore enables your teams with the most powerful monitoring, communications and analytics tools in the industry.
1,336 Twitter followers
- Overview
- User Satisfaction
- Seller Details
Elevate Your Fund Management with Ark At Ark, we're committed to streamlining operations and enhancing investor reporting for private fund managers and asset service providers. Our cloud-based platfo
Learn More About Investment Portfolio Management Software
What is investment portfolio management software?
Portfolio management is the process of allocating assets and downsizing the risks while maximizing the returns for the investor. Investment portfolio management software handles investment portfolio research, selection, and analysis. Portfolio management software is a single place for investment professionals to manage all investment management activities.
Investment professionals use these solutions to streamline portfolio management activities, including tracking investments, building reports, and interacting with portfolio owners. These solutions have a wide range of functionality, but the primary goal is to use them for trading and tracking stock portfolios, bonds, options, futures, and other asset classes.
Portfolio management can be broadly divided into four types based on the strategies, forms, and characteristics:
- Active portfolio management: In this type of portfolio management, portfolio managers tend to act contrary to the market norm to maximize profit. They participate actively in the market by buying a low-valued asset, predicting its potential against its current cost via trend and company performance, and selling the asset when it rises to maximize the investment. The active manager rejects the efficient market hypothesis and relies on ratios to support their assertion.
- Passive portfolio management: This is where the funds are passive, i.e., long-term guaranteed returns are bet on compared to active asset trading. In this type, the advisors or managers maintain a fixed portfolio, believing in the efficient market hypothesis. Therefore, they tend to invest in index funds and ETFs for low ratios but guaranteed returns.
- Discretionary portfolio management: In this type of portfolio management, the manager is given the discretion to make decisions while the investor reaps the benefits. The manager acts on behalf of the investor based on the investor's financial goals and interests while considering the specified time of return on investment (ROI).
- Non-discretionary portfolio management: This management type requires fund managers to act on the investor's confirmation. The fund manager serves only as an advisor to the investor while conducting investment reports and analyses. However, the fund manager oversees the execution of the investment and divestment from the portfolio after a green signal from the investor.
What are the different types of portfolio management software?
Investment portfolio management software can be broadly divided based on its design, usage, and entities it is catering to while also considering the needs and preferences of investors and financial professionals. Based on the intended use (more generally for personal), where the design is based on investor intention, it can be divided into:
Traditional brokerage involves an agent managing an investor's diverse portfolio. These agents or financial professionals may use investment portfolio management software to track and manage diverse investment portfolios on behalf of clients. Wealth management companies use this approach to offer personalized investment strategies to their clients.
Robo-advisor investment management platforms use algorithms to understand investors’ goals and risk tolerance and share suggestions accordingly. These investment portfolio management tools work best for individual investors looking for low-cost solutions with minimal human intervention.
Advisory platforms make it easy for financial advisors and wealth managers to manage client relations, plan finances, and create investment strategies. These solutions help clients analyze and manage financial data and cash flows based on their retirement goals and other personal financial objectives.
Comprehensive portfolio management software offers end-to-end solutions, including performance tracking, asset allocation, risk analysis, and reporting. These platforms are ideal for investment firms, family offices, and institutional investors.
Real estate investment management software allows financial advisors and fund managers to track and manage different real estate portfolios. It also enables advisors and real estate investment trusts (REITs) to manage properties, track tenants, and conduct financial analyses of properties.
Mutual fund and ETF management software offer specialized tools for managing mutual funds and ETFs with functionalities for performance analysis, compliance, and reporting.
What are the common features of investment portfolio management tools?
The following are some core features within investment portfolio management software that can benefit users while providing the best returns and maximizing profits according to the investor's needs and intentions:
- Investment advisory solution: Offers personalized guidance, leveraging algorithms and financial analysis tools. They aid users in informed decision-making, optimizing asset allocation, and aligning portfolios with financial goals, risk tolerance, and market dynamics, thereby enhancing investment strategies.
- Accessible direct indexing: Designs bespoke portfolios, allowing investors to directly customize portfolios that can be mirrored to specific indexes without buying an ETF or mutual funds that track and follow that specific index. This follows a strategy that includes passive investing with active customization.
- Automated rebalancing: With a predetermined financial setting (i.e., the required financial output), the feature adjusts and allocates assets to ensure the financial target. This ensures the portfolio aligns with the investor's risk tolerance and investment objectives. When the actual allocation deviates from the target due to market fluctuations or asset performance, the software automatically buys or sells assets to return the portfolio to its desired balance.
- Risk assessment: This feature is necessary to analyze the risk of the portfolio, considering standard deviation, beta, and other investment metrics. It provides reporting and insights into asset performance and solutions for averting potential risks.
- Financial planning and asset allocation: Financial goal planning is an important aspect of investment portfolio management software as it helps set financial targets according to an investor's budget, intention, investment horizon, and risk tolerance level. This, in turn, will facilitate asset allocation by providing a suitable asset class and portfolio management costs.
- Portfolio tracking and analysis: This helps track the portfolio and its assets along with investment performance, monitor investor holdings, and track investment costs. It also completes portfolio analysis by tracking and reporting historical returns, benchmarks, and visual representations of portfolio performance over time.
- Transaction management: Records all portfolio transactions, including buys, sells, dividends, and fees, to ensure accurate performance tracking and reconciliation of accounts.
- Tax management and optimization: Offers tools for tracking capital gains and implementing tax-efficient strategies such as tax-loss harvesting to optimize after-tax returns.
- Real-time alerts: Sends real-time alerts for significant market changes, reaching risk thresholds, or portfolio rebalancing opportunities to ensure timely decision-making.
In addition to this, the software must also provide integrated solutions such as transaction management, investment simulator, tax optimization, document management, compliance due diligence, financial reporting, and visualization while also effectively managing and communicating with clients.
What are the benefits of portfolio management platforms?
Financial advisors, financial institutions, independent investors, and small and large businesses use investment portfolio management software to allocate their investments, advise clients, manage their diverse portfolios, and execute financial decisions as part of their investment plans.
There are various benefits such as alternative investing, efficient investment tracking, technology integration, and several others, which include:
- Advanced investment analysis: The development of thinking computer systems, i.e., AI, has led to the provision of detailed performance reports, financial predictive analytics, automated portfolio management, and decision executions. This has improved decision making via educated and crucial accurate data analysis.
- Compliance management: Better categorization of documents and workflow management, along with automated distribution and tax generation, has led to improved compliance management, which has eased investors, portfolio managers, and investment advisors to increase operational efficiency.
- Asset tracking: The age-old book and pen method has led to difficulty tracking investments. The software helps in efficient portfolio tracking and managing various investments such as stocks, funds, ETFs, real estate, cryptocurrencies, and other assets, cleanly grouping each asset class to the minute details and accurately reporting their costs and returns.
- Risk management and performance monitoring: Identify potential risks across diverse portfolios, analyze market data, benchmark comparisons, provide competitive analysis, and other crucial insights to help check asset performance and avoid losses.
- Manage and build client relationships: Streamlines client interactions, offering insights into financial performance and facilitating personalized advice. Regular updates and tailored reports enhance client trust and engagement, ensuring a strong, lasting relationship.
This tool has various other general benefits, such as financial goal planning, tax efficiency, transaction management, automated trade execution, security against financial sensitive data, global investing, and technology integration.
Please note that these benefits also depend on the tool add ons and vendor offerings, which increase the software value, complexity, and efficiency, where the actual usage always varies from user to user.
Who uses investment portfolio management solutions?
Depending on the type of usage, user intention, and software design, the investment portfolio management software is used by the following:
Individual investors: Since most investors act independently to invest, track, monitor, and execute strategies regarding their investment accounts, many investment portfolio management firms provide platforms to these individual investors via software subscriptions and licenses to manage their portfolios.
Hence, individual investors use this software to effectively manage their portfolios and personal investments, which include stocks, crypto, bonds, mutual funds, ETFs, and other assets.
Financial advisors: Most investors do not have in-depth ideas regarding markets and company performance. Therefore, they tend to take external advice. Human advisory and robo-advisory managers use investment portfolio management software to advise investors and clients on various investment strategies and market trends to maximize the gain.
Portfolio managers: Various managers such as hedge fund managers, asset managers, securities managers, and other alternative investment managers use this software to allocate investments and manage the portfolio in a single platform. The software also benefits them by providing reporting capabilities and data insights, which helps portfolio managers answer their investors.
Asset management firms: Use sophisticated portfolio management software to run mutual funds, ETFs, and other investment vehicles, ensuring optimal asset allocation and performance.
Hedge funds: Rely on advanced portfolio management solutions to execute complex investment strategies, manage risks, and optimize returns.
Family offices: Responsible for managing personal wealth and investments for one or multiple families, they use these solutions for diversified asset management and estate planning.
Corporations: From family offices to small businesses, large corporations, and institutional investors, the software is used to invest their own institution's funds and wealth in various markets. It is also used to manage the business’s wealth to gain continuous profits besides carrying out its core business as usual.
Government entities, compliance agencies, treasury departments, and academic and research institutions are some other personas that use this software.
Challenges with investment portfolio management software
Every software solution comes with its own challenges, such as business, technological, and compliance requirements. Some of them for investment portfolio management software are:
Portfolio overload: Many portfolios are overloaded with assets. Therefore, increasing diversity amongst these assets leads to a lack of monitoring and overtrading. This complicates software usage, negatively impacting most portfolio managers' learning curve.
Security: Data privacy is currently a major bane to the technology sector. Without a complex security system that is compliant with regulatory rules and laws, it is tough to protect financially sensitive information. For many investors, their strategies, investment amounts, asset class types, and investment decisions are highly valued.
Scalability and integration: Some portfolio management software cannot be scaled or unsuitable for managing large and complex portfolios. In addition, integrating the software into an already existing platform is very hard, resulting in technological challenges such as glitches, downtime, and financial data aggregation across platforms.
There are various other software challenges that have to be addressed, such as vendor dependency, regulatory compliance, ethical considerations, performance tracking gaps, and lack of human touch in automated and AI-based software. A few investor challenges exist, such as cognitive biases, customer support, reliability issues, etc.
What is the difference between portfolio management and investment management?
Portfolio management and investment management are two related but distinct concepts in the financial world.
Portfolio management is focused on the specific task of organizing and maintaining the right mix of investments within a portfolio, aiming to achieve an investor's short-term and long-term financial goals. It involves choosing where to put money, deciding on the balance between various types of investments, like stocks and bonds, and making regular adjustments to ensure that the portfolio continues to align with the investor's objectives and risk preferences.
On the other hand, investment management takes a broader view of managing an individual’s or organization’s entire investment assets. It includes developing strategies for buying and selling investments, conducting research, financial planning, and executing trades. The primary aim of investment management is to grow and protect wealth over time based on the entity's specific financial goals.
Portfolio management is a component of investment management, focusing on the tactical handling of investments, while investment management encompasses all actions and decisions related to handling an entire set of financial assets.
How to choose the best investment portfolio management software?
Requirements Gathering (RFI/RFP) for Investment Portfolio Management Software
In business decision-making, buyers must thoroughly evaluate their organizational requirements. This entails identifying specific needs, assets allowed to be managed in the portfolio, desired tools and functionalities, adherence to regulatory compliance standards, the impact on customer experience (CX), and other pertinent features tailored to the target market.
The aim is to identify essential features such as portfolio tracking, risk management, analytics, and integration capabilities with existing systems. It also involves considering scalability, ease of use, regulatory compliance, and security needs.
Compare Investment Portfolio Management Software Products
Create a long list
To ensure product alignment with customer desires and requirements, the buyer should identify the leading choices in the market. This entails conducting investigations from diverse sources, accumulating data, and validating the information they find.
Create a short list
Once the extensive compilation of a long list is complete, the buyer now has an understanding of numerous options in the market. It is recommended to craft a condensed list encompassing no more than 8 to 10 suppliers, which are shortlisted due to their offerings, customer evaluations, and pricing (displayed on the website before any negotiation). Technology review platforms such as g2.com provide unbiased reviews and different comparative perspectives on the software platform.
Conduct demos
Demos help check how the portfolio is managed using the software, whether there is any improvement from their initial operations, whether the workflow is managed effectively, whether there is customer support, and whether there are any loopholes in the software. They also give an idea of the software product's implementation plan, milestones, and schedule during the development, testing, and live phases.
Selection of Investment Portfolio Management Software
Choose a selection team
In the case of independent usage, the user (investor or advisor) needs to be present. In the case of corporations and investment portfolio management firms, the selection team will consist of:
- Project managers, handling one or more investment portfolio management projects
- Chief technology officer, if an integration to the already existing platform is required
- Chief financial officer to ascertain the company’s budget, cost of software, and the ROI
- Legal and compliance officer to check whether the software complies with the regulatory requirements, check the documentation, and form legal contracts or agreements with the vendor
- Procurement head, as dedicated personnel to engage with selected vendors requesting demonstrations, gathering detailed information, and negotiating contract terms
Negotiating plays a vital role in procuring software solutions for business needs. When acquiring an investment portfolio management software, negotiations should encompass these key phases:
- Preparation: Outline specific requirements and software specifications for the top three vendors.
- Bargaining: During this phase, buyers can seek additional concessions from the vendor. These negotiations may encompass extra services like enhanced software testing, software training, full responsibility for transitioning from testing to production, post-sale support, etc.
- Closing: Following discussions on various aspects, including software features, workflows, and best practices, the vendor presents the final proposal. At this juncture, the buyer evaluates the top three vendors based on pricing and benefits.
Final decision
The ultimate decision-making body will consist of the aforementioned selection team, other stakeholders, if any, and the company's acting head to finalize the software and vendor as the best investment portfolio management software will be used as the key tool and fundamental in the buyer's day-to-day business operations.
How much does a portfolio management system cost?
The cost of a subscription model or a perpetual license for managing an investment portfolio ranges from free for small portfolios to 0.1%- 0.5% of the assets under management. Some software based on advanced features and products charges users between $50 and $1500.
If the portfolio investment is above $100,000, few software providers have representatives call the investors to provide useful investment advice and portfolio analysis to deliver bespoke services. Their prices vary from portfolio to portfolio, and solutions offered in the service.
For corporations, the pricing structure for white-labeling investment portfolio management software can exhibit significant variability, influenced by various factors, including the chosen software provider, the degree of customization, scale, and scope of the white-labeling initiative.
Return on Investment (ROI)
The ROI of investment portfolio management software is a critical metric for businesses and investors. Evaluating the ROI of investment portfolio management software entails considering cost savings, revenue growth, and the ability to capitalize on market opportunities. Additionally, enhanced client service and compliance capabilities can contribute to client retention and new business opportunities, further augmenting the overall ROI.
Investment portfolio management trends
Sustainable investing
This is a type of investing practice and strategy in which investors seek financial returns by promoting long-term environmental value. These are also part of a business’ ESG goals, which the potential impact of investments and contribution to society can judge. Therefore, now it's a trend to invest some fixed part in their portfolio through exclusionary or best-in-class screening strategies in sustainable investing.
Customer experience (CX)
Hyperpersonalization is a trend where customers seek the best experience while using a platform or software. Especially in industries and services such as portfolio management, customers tend to be inclined towards platforms that provide customized service to their needs and wants, personalized dashboards, tailored advisory service, and portfolio management, including high customer relationship management as part of the offerings.
Focus on security and regulatory compliance
Every software platform is prone to cyberattacks and threats, specifically in fields like the financial services sector, with hyper-sensitive data that might have dire consequences if leaked. Therefore, most businesses seek robust cybersecurity solutions for their platforms and software.
There is also a consumer perception to move towards software with all the regulatory compliances in place and certifications for the same. Therefore, businesses do their utmost to gain ISO and other software regulatory licenses to improve customer traction and satisfaction.
Researched and written by Neya Kumaresan
