Investment portfolio and wealth management software is designed to help investors deal with analyses and operations on their assets, for example stocks and bonds. For many reasons, there is no point in using just a spreadsheet to do it nowadays – mostly because there are better, dedicated options that help save time. And time is money.
Best investment portfolio management software features
If a simple spreadsheet can be enough to keep track of the investment portfolio, why use dedicated solutions instead? Simply because a dedicated and automated solution is always more efficient than manual work.
These are advanced and sophisticated applications. Their most important functionalities are:
Keeping track of all assets and changes in their value live
Client communication tools
Viewing all fees, so investors can understand true market returns
Automatic email reports and notifications
Budget planning features with custom goals and overdraft protection alerts
API that lets you extend the software, customizing and interfacing with external services.
All in all, investment portfolio management software allows advisors and investors to maintain a holistic view of their activities, aggregating all important information in one place and giving means to make good decisions.
What to look for in investment portfolio management software
Investment portfolio management software needs to be chosen carefully and the decision can be made not only basing on what features a certain solution offers on paper, but also on its compatibility with personal needs of a given investor. And each person is different, everybody likes different things in their software and each investor’s assets may require a specific set of functionalities. But personal preferences account for a bit more. Just like with people and their soft skills, applications also can have their character. What matters here and what can you notice when browsing possible options?
Intuitive UI and ease of use
Availability as a native application for different platforms or a web based app
Interface scalability which makes the application work well on different devices
Customizability of the interface and dashboards
Keeping track of specific types of assets – some apps can even analyse the real estates value
And much more… If you don’t really know what you’re looking for, you’ll find many ideas when you’ll be reading what we have to say about each of the selected tools below.
How to choose the best investment portfolio management software
There are dozens of options when it comes to choosing investment portfolio management software and the decision is not simple, because some of them are free, some offer premium options and some are premium, expensive products. Then, particular characteristics need to be taken into account and after the decision is made – the setting up needs to be finalised. Changing your mind is always possible, but migration means repeating the whole process and nobody likes that, so think twice before you act.
To make your life easier, we decided to prepare the ultimate list of investment portfolio management software. Below, you will find not only names and links, but also brief descriptions of each app, so you can quickly pick the most suitable options and avoid making a costly mistake.
However, before you pick up your pen and paper and start analysing pros and cons, it is important to take a deeper look at what hides in the background and find out about the secrets of wealth management software development. It’s also worth checking out what we’ve compiled if you’re interested in the best financial software in 2022.
Mountain View, United States
Addepar is a wealth management platform that specializes in data aggregation, analytics, and reporting for even the most complex investment portfolios.
The company’s platform aggregates portfolio, market, and client data all in one place. It provides asset owners and advisors a clearer financial picture at every level, allowing them to make more informed and timely investment decisions. Addepar works with hundreds of leading financial advisors, family offices and large financial institutions that manage data for over $2.5 trillion of assets on the company’s platform. In 2020, Addepar was named as a Forbes Fintech 50 company and honored as a member of the CB Insights Fintech 250.
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 trading workflows. When integrated with Moxy, Advent Genesis provides a seamless path from trading decisions to execution.
Expand into new markets, new regions, and new lines of business with confidence, reducing operational risk and driving greater efficiency.
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 all your portfolio, relationship, and prospect data.
With APX, your firm will benefit from: easy access to true multi-asset, multi-currency accounting and performance information with the ability to settle in the currency of your choice; customizable dashboards; a vast standard report library; and robust custom reporting capabilities; Moreover, APX, is the cornerstone of a fully-integrated, best of breed suite offering rebalancing order management; execution; pre- and post-trade compliance; revenue management and more
Grow your business on APX: a scalable platform that allows you to take on more clients and assets without needing more staff.
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 investment software that eliminates the barriers between systems, information, and people, optimizing decision making and streamlining processes to meet investor needs across private debt, private equity, and other alternative asset classes.
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 Benelux market. Altair allows you to track complex securities and sophisticated, multi-currency investment strategies around the globe.
Betterment is an independent online financial advisor. Betterment gives personalized, fiduciary advice for retirement planning, building wealth, and other financial goals. Then, invest money, working to lower taxes and increase long-term returns.
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, deliver business insights, and connect with both prospects and clients to build long-lasting relationships.
Bravura Solutions Limited is a leading provider of software solutions for the wealth management, life insurance, and funds administration industries. Our solutions are underpinned by functionally rich technology that enables modernisation, consolidation, and simplification.
Portfolio Master combines order management, portfolio management and risk management in a single application, enabling fund managers to streamline their operations and reduce complexity in their mid-back office.
Calypso’s tiered architecture elegantly decouples complex transaction processing from low-latency risk and reporting. Service-oriented design eliminates processing bottlenecks and enables institutions to meet the diverse market demands. Continuous round-the-clock global processing can support any multi-entity organization.
Comarch is a global provider of IT business solutions that aim to optimize operational and business processes. Since its inception in 1993, we have developed at a rapid pace. Today, Comarch is the leading global IT company and employs over 6500 experienced IT engineers, business consultants, marketing specialists and more. Thousands of complex and successful IT projects and implementation of our software in more than 40,000 companies worldwide is a source of great pride.
eMoney is a comprehensive and scalable technology platform and services that empowers financial advisors to meet a broad range of financial planning needs for their clients.
Built upon our planning-centric platform, our packages are constructed to align to the type of planning that advisors offer and deepen client engagement.
Our planning software helps you plan across the client lifecycle, engage your clients meaningfully, manage your practice efficiently, streamline your technology and grow your business.
Our compelling technology delivers value by streamlining administrative processes and providing access to investment research and custom-branded reports so you can dedicate more time to meeting your clients’ objectives. The online client management portal and app empower you to make critical decisions on the go while giving your investors convenient access to their accounts.
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 by delivering insightful advice to your valued clients as you manage and grow their assets, not only in conversation but online through custom portals. FactSet’s market-leading digital solutions deliver your value around-the-clock by combining client information with market data and analytics for a completely custom digital portal.
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-performance, end-to-end platform.
Misys FusionInvest is an all-in-one investment management system for portfolio management, risk management and investment operations. It delivers a simple solution for today’s complex business challenges through its collaborative investment approach, unrivalled asset class coverage and world-class analytics framework.
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 structures and increasing transaction volumes.
Built to natively provide real-time portfolio and general ledger accounting, Geneva seamlessly supports new lines of business and removes operational barriers.
Using Geneva as your core portfolio management platform eliminates the need for separate systems or spreadsheet workarounds when managing and accounting for different types of instruments.
InvestmentPro is a online platform for investment managers designed to offer a flexible product that integrates with their core business processes on a secured technology platform delivering comprehensive fund and portfolio management functionality that addresses their business needs.
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 your team. We serve 90% of the Top 20 private equity (PE) firms and 80% of the World’s biggest Third Party Administrators (TPA), so if you are either a PE firm or a TPA, you are in safe hands. Our FIS experts provide training and technical expertise to help you maximize the value of your investment. Email me at firstname.lastname@example.org or whatsapp me at +6586111394 for more information.
Modern investors are bombarded with financial information. More than ever, they need financial coaches who’ll help them cull through the noise with great advice on how to meet their monetary goals without compromising their values. To meet that need, Morningstar® Advisor Workstation delivers a web-based platform for financial institutions and their affiliated financial professionals to drive better investor outcomes by delivering independent financial data, research, and analysis from a team of over 350 global experts with FINRA-reviewed reporting. Morningstar® Advisor Workstation offers investment analysis, portfolio management and proposal generation capabilities all in one place to enable broker-dealers to provide personalized goals-based advice – all while helping them stay compliant amidst regulatory shifts.
Built for productivity, Morningstar® Advisor Workstation supports advisors with the latest investment data, tools, and reports to serve existing clients and generate new business. Seamless integration with popular advisor systems automatically brings in current client and account data for the clearest view of your book of business.
Morningstar Direct centralizes our institutional-strength data, proprietary analytics, and in-depth investment research in one platform, helping optimize your investment process whether you need to select, create, or market investments—or if you’re a one-person shop doing a bit of everything from finding the right investments to sitting down with clients.
For investment professionals committed to delivering on investor objectives in an information-saturated and constantly evolving market, Morningstar Direct helps drive informed decisions through broad and emerging data, independent research, portfolio analytics, and customized reporting.
Morningstar Office is Morningstar’s Web-based solution for financial advisors. It brings together the best of our capabilities in investment research, portfolio accounting, and client communications. Our portfolio management software connects our independent data and research to your tools so you can accomplish more. Review analyst research content curated for you, including research and investor-focused reports to support your best-interest recommendations.
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-office processes.
Pacer is a multi-currency portfolio management solution designed for global investment managers with large transaction volumes, serving predominantly global institutional or private clients. It gives you a comprehensive, integrated platform for managing securities, transactions, positions, cash, income, corporate actions, and all record keeping.
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 website and mobile apps. Seeking Alpha is a fun, dynamic, family-like environment, full of intelligent, innovative, and entrepreneurial-minded individuals.
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 you need to manage and optimize your investment performance and increase your operational agility.
SS&C GlobeOp’s Total Return is a portfolio management, investment accounting, partnership accounting and general ledger system designed specifically for alternative investment funds and family offices.
As part of the WealthTech suite, Eximius is a multichannel, multi-entity, multi-device software platform that automates and brings unprecedented efficiency to wealth managers’ day-to-day tasks, such as portfolio analysis, risk and regulatory compliance, client reporting, order management and rebalancing, alerting, monitoring, performance measurement, and attribution. The solution is designed to manage the entire client life cycle, from prospecting through onboarding, to ongoing service delivery like suitability reviews and other periodic and ad-hoc events, including also advisor desk to improve advisory productivity with a 360 client view.
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 secure bill payment solution incorporates approval workflow, integration with City National Bank, document management and investment data integration.
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 their profitability throughout the deployment of our solutions in several countries, such as Hong Kong, Singapore, China, Taiwan, Australia, Japan and Switzerland.
Backstop’s mission is to help the institutional investment industry use time to its fullest potential. We develop technology to simplify and streamline otherwise time- consuming tasks and processes, enabling our clients to quickly and easily access, share, and manage the knowledge that is critical to their day-to-day business success. Backstop provides its industry-leading cloud-based productivity suite to investment consultants, pensions, funds of funds, family offices, endowments, foundations, private equity, hedge funds, and real estate investment firms.
cmdtyView includes global exchange and reference data and is the only platform to access streaming news from cmdtyNewswires, best-in-class fundamental and economic data from cmdtyStats, and Barchart’s broad proprietary cash grain commodity data.
cmdtyView provides comprehensive access to the features, functionality, and content that matters to commodity professionals – all delivered from a native HTML5 application that is responsive, powerful, and designed to be a true end-to-end workflow solution for commodity trading. Futures execution, physical commodities data, data analytics and back-office integration are natively built into the platform, making cmdtyView the only front-end users will ever need.
Featured content includes:
Analytics – Advanced charting including seasonals and forward curves, alerts, and purpose-built analytics such as cost-of-carry and crush calculators to better identify trading opportunities and manage risk.
Exchange Data – Global commodity exchange prices from CME Group, ICE, Euronext, and many more are included in the platform. Real-time data is available by subscription.
Cash Commodity Data – Barchart’s proprietary cash commodity data is elementized, structured, and made available to users for easy analysis against futures positions.
cmdtyStats – A powerful database containing global fundamentals on economic data, commodity statistics, and world trade.
cmdtyNewswires – Barchart’s proprietary streaming newswire service containing access to editorial, market chatter, and need-to-know content from the USDA.
Third-party data integration from accounting, risk and offer management platforms.
Dynamic Planner is a multi-award-winning service with a 17-year track record of success. We help you ensure investment suitability for your clients initially and on an ongoing basis. Dynamic Planner is the most widely used risk profiling and asset allocation process in the UK, used by thousands of advisers and paraplanners from large networks and nationals to high quality regional and local firms and private client management firms up and down the country. A growing number of firms use Dynamic Planner internationally too.