The 5 Best Portfolio Analysis Tools for 2022

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If you have your investment portfolios in different accounts, you know how challenging and time-consuming it can be to keep tabs on everything. Fortunately, several powerful portfolio analysis tools can make your financial management a lot easier.

Some of these tools are free, while others are paid. With several analysis tools, it can be overwhelming to tell which one is the best on the market. Keep reading to learn more about the best portfolio analysis tools.

5 Best Portfolio Analyzer Tools

If you want to organize your investment portfolio, you may want to consider the following portfolio analysis tools.

1. Personal Capital

Personal Capital is one of the best portfolio analysis tools you can use. One of its selling points is that opening an account is free. It also enables you to link all of your accounts. Plus, you can aggregate of all your financial data right on your dashboard. By categorizing your investments by asset class and sorting your investment data, Personal Capital provides insight into all of your investments and the fees you’re paying.

Pros

  • The basic version is free
  • You get access to all your finances in one place
  • Provides access to expert financial advisors
Building Wealth

Cons

  • Signing up for the free version opens you up to targeted ads
  • Their tracking tools aren’t as sophisticated as other portfolio analyzers

2. Quicken Premier

Quicken has been in the finance business for decades now. With Quicken Premier, you can aggregate all your financial accounts and analyze them all in one place. This software is built to not only track the performance of your investments but also provide you advice on when to buy or sell stock.

Quicken Premier enables you to minimize the taxes you generate through investments. Additionally, you get to customize their management reports on your performance, rates of return and capital gains. Quicken Premier is a handy tool that you can use on your mobile device or the web.

Pros

  • You can export transactions to Excel.
  • Access to Morningstar’s Instant X-Ray tool
  • It helps you minimize your investment taxes.
  • 30-day money-back guarantee

Cons

  • Paid subscription service
  • Comes as a package deal with many financial services you won’t need as an investor

3. Morningstar Portfolio Manager

The Morningstar Portfolio Manager comes with a wide variety of analysis tools to provide you with information about all your investments. This service is particularly suited to mutual funds. Morningstar’s tools can help you narrow down the list of stocks to find exactly what you’re looking for. You also get basic data about your investments, including the daily changes and current prices.

Building Wealth

Morningstar is especially popular for its Instant X-Ray feature, which is part of its premium package. With this feature, you get detailed information regarding your portfolio’s asset allocation.

Pros

  • The Instant X-Ray feature offers in-depth analysis.
  • Limited ads
  • 14-day money-back guarantee

Cons

  • Costly at $199 a year
  • Limited features for the free version

Good To Know

Not all portfolio analysis tools are created the same. The tool that works for another person may not work for you. When choosing one, your needs and preferences should come first.

4. Portfolio Visualizer

Portfolio Visualizer is a robust tool that offers a wide variety of services. It can be a little intimidating at first because of how technical it is, but it’s easy to use and understand. One of its best tools is one that offers Monte Carlo simulations. They offer backtesting allocations to help you select the best asset allocation for you.

This analysis tool will analyze nearly all your securities and asset classes. With Portfolio Visualizer, you can analyze alternative asset allocations such as real estate, gold and all manner of precious commodities.

Pros

  • It’s free.
  • You’ll get at least eight optimization strategies.
  • The backtest portfolio analyzes performance over the past couple of years.

Cons

  • A bit technical for new investors
  • Customer service is through email only

5. Kubera

Kubera can help you track your net worth and portfolio. It’s a great financial tracking tool for anyone with alternative assets, including cryptocurrency. Kubera is one of the best analysis tools that will work with your entire portfolio. Additionally, you can rely on it for privacy.

Pros

  • Good for alternative assets, including cryptocurrency
  • Easy to customize 
  • Guaranteed privacy

Cons

  • No mobile version
  • No free plan

Final Take

Managing your investment portfolio does not have to be a headache anymore, now that there are plenty of portfolio analyzer tools to choose from. While many of these options are free or offer features that are free, consider what value you might get out of each service for managing your particular investments. 

Outsourcing investment management to analysis tools will help you simplify the task. Plus, you can get expert financial advice regarding your investments with these tools.

About the Author

Lydia Kibet is a freelance writer specializing in personal finance and investing. She's passionate about explaining complex topics in easy-to-understand language. Her work has appeared in GoBankingRates, Investopedia, Business Insider, The Motley Fool, and Investor Junkie. She currently writes about investing, banking, insurance, real estate, mortgages, credit cards, loans, and more. Connect with her on Twitter or moneycredible.com.

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