To make the best investment decisions, you need to understand your portfolio clearly. To aid in this task, you might consider using portfolio analysis tools. These valuable investment tracking, analysis and reporting tools can help you track your performance, assess risk, and optimize your investments across a diverse asset allocation. Best Portfolio Analysis Tools & Portfolio Analyzers—Top Picks Best Portfolio Analysis Tools The best portfolio analysis tool for you isn’t necessarily the perfect tool for someone else. Your best choice is likely one of the following: Best free portfolio analyzer and tracker: Empower Best investment portfolio tracker app [including dividends]: Sharesight Best for investment portfolio management & analysis: Stock Rover Best portfolio visualizer for asset allocation and sector weightings: Morningstar Portfolio Manager Best portfolio management software housed locally: StockMarketEye Best for comprehensive net worth tracking: Kubera Best portfolio analyzer software for money management capabilities: Quicken Premier Best for low-cost portfolio analysis and management: SigFig Best for personal finance management: Mint Below, we cover the best portfolio analyzers and analysis tools in detail. Best Portfolio Analyzers and Analysis Tools 1. Empower [Best Free Portfolio Analyzer and Tracker] Available via desktop, Apple iOS and Android App on Google Play. Sign up here Empower (formerly Personal Capital) has 3.3 million users, some of whom use free tools such as the Personal Dashboard, and some of whom use the Wealth Management service. Empower's Free Tools The free Personal Dashboard makes it easy for people to add all their financial accounts in one place, including credit cards, savings, checking, loans, and tax-advantaged investment accounts. Empower also provides a free Investment Checkup tool to assess your portfolio risk, analyze past performance, and get a target allocation for your portfolio. The tool will help you identify overweight and underweight sector investments (perhaps you have too much allocated to utilities, and not enough to healthcare, for example) and assess your diversification. You can even compare your portfolio to both the S&P 500 and Empower's "Smart Weighting" Recommendation, which suggests that investors more equally weight their portfolios across size, style, and sector—unlike the S&P 500, where the biggest stocks have the most effect on the portfolio, and there are huge differences in how much each sector is weighted. The Empower Fee Analyzer helps you examine the fees you pay in your accounts, whether that's advisory fees, sales charges, expenses, and other costs. Other investing and personal finance tools include a Savings Planner, Retirement Planner, Financial Calculators, and more. These services, of course, are also
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
