8 Best Portfolio Analysis Tools

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One trait of a successful investor is making sure their portfolio has proper diversification. But how can investors analyze their portfolios to ensure they are on track to meet their goals?

The best portfolio analysis tools can track your investment performance. They can also recommend ways to improve your investment strategy.

Whether you have multiple investment accounts or a single portfolio, these portfolio analysis platforms can help you stay on track. 

Top Portfolio Analyzer Tools

You could choose to only use free investing apps to achieve your financial goals. However, portfolio analysis tools can make it easier to manage your investments. 

Here are the top portfolio analyzer platforms to help with your investment strategy.

1. Personal Capital

Personal Capital homepage

Personal Capital is a free portfolio analyzer that links to your taxable and retirement accounts. 

The analysis tool can examine:

  • Current portfolio risk level
  • Fund advisory fees
  • Your investment performance vs. the S&P 500
  • Retirement planning

This investment analysis tool breaks down your total portfolio by asset class. Some examples of popular investment opportunities include U.S. stocks and international bonds. 

The tool even can list your holdings by industry. This feature can help you see if you might want to adjust your portfolio to reduce risk.

Personal Capital can recommend a model asset allocation using your investment goals. You can use this suggestion and the other analyzer tools to rebalance your portfolio. 

This platform is also an excellent net worth tracker. This is because it can follow your linked financial accounts and manually-entered asset values.

Investors with at least $100,000 in investments qualify for managed investment portfolios. Another benefit is access to a financial advisor. This perk can help you build a portfolio and plan for major life events.

You can use the free tools without signing up for their robo-advisor. However, you may receive periodic calls from a financial advisor for free financial consultations.

Trustpilot Score: 3.8 out of 5

Pros

  • Free investment checkup
  • Analyzes fund fees
  • Can recommend a model asset allocation
  • Net worth tracker

Cons

  • Managed portfolios require a $100,000 account minimum
  • May receive calls from a financial advisor

Learn More: Personal Capital Review

2. Stock Rover

StockRover homepage

A full-time stock screener like Stock Rover can work harder than your online broker. It offers key features like:

  • Stock screener
  • ETF and stock
  • Charting tools
  • Expert-themed model portfolios
  • Research reports
  • Portfolio tracker

The platform offers one free plan and three paid plans. Plus a free 14 day trial for the Premium Plan.

What we like about the tool is it provides current data as well as historical data to help you make educated decisions. Additionally the charts and graphs are robust with color tagging, integrated notes and more.

Stock Rover doesn’t offer a mobile app or tablet app. However, the site is mobile-friendly. You can access the service from your phone and tablet mobile browser with full functionality. 

Trustpilot score: N/A

Pros

  • Robust research tools
  • Portfolio tracking
  • Powerful Stock screener

Cons

  • Limited free plan
  • Complex layout

Learn More: Stock Rover Review

3. SigFig

SigFig homepage

SigFig offers a free portfolio analyzer that connects to most brokers. 

After you complete a 10-question risk tolerance survey, the platform will suggest an investment portfolio. Then, you can connect your taxable and retirement accounts.

The analyzer rates your current portfolio for these factors: 

  • Volatility
  • Stock and bond split
  • Average fund expense ratio
  • Geographic diversification
  • Uninvested cash
  • Single stock exposure

SigFig will show you side-by-side comparisons between your current portfolio and their recommendations.

The last analysis step is seeing the model portfolio allocation. This will show you stocks and bonds for your risk tolerance. It’s important to note that the platform doesn’t recommend specific stocks or index funds to invest in.

If you want SigFig to manage your investment portfolio, that’s also an option. The minimum investment is $2,000. You can invest $10,000 fee-free and pay a 0.25% annual management fee. 

It’s possible to schedule a consultation with an advisor to discuss the investment plan before enrolling.

SigFig can manage your current portfolio so you don’t have to switch online brokers. The managed portfolios also give you access to a financial advisor.

Additionally, you can compare your portfolio performance to stock indexes like the S&P 500 and Nasdaq.

One downside of SigFig is that micro-investing apps may not automatically sync. Three examples include M1 Finance, Robinhood and Webull. 

You can manually enter positions from a non-syncing investing app. But, trying other analyzers might save you time.

Trustpilot Score: 3.7 out of 5

Pros

  • Free asset allocation analysis
  • Can manage up to $10,000 for free
  • Compare historical portfolio performance to stock indexes

Cons

  • Doesn’t sync with every broker
  • $2,000 account minimum for managed portfolios

4. Mint

Mint homepage

Mint by Intuit offers basic analysis tools that can make tracking multiple portfolios easy. However, other platforms could be better if you want hands-on support. 

Tracking tools include:

  • Portfolio allocation by stock symbol or asset type
  • Performance by best or worst performer
  • Compare performance of two assets

This platform has fewer features than other analyzers. For example, you won’t get a model portfolio or investment recommendations. But, it is good for tracking your portfolio performance.

You can even view the combined performance and asset allocation of multiple portfolios in one chart.

Mint can be worth using if you also use Mint as a budgeting app. This is the platform’s strongest feature. 

Trustpilot Score: 3.6 out of 5

Pros

  • Links to most portfolios
  • Colorful charts
  • Has free budgeting tools

Cons

  • No advanced analysis tools
  • Doesn’t recommend model portfolios
  • Cannot manually input holdings

5. Quicken Premier

Quicken Premier homepage

Quicken Premier offers budgeting and portfolio management tools that can be more robust than free software. An annual subscription costs $70.19 for Windows and Apple users.

Some of the platform’s investing features include:

  • Real-time investment tracking
  • Buy and sell decisions
  • Can minimize investment taxes
  • Year-end Schedule D tax reports

This service can display interactive charts comparing your actual portfolio allocation to your target allocation. 

The reports can calculate your internal rate of return (IRR) and return on investment (ROI) using your realized and unrealized cost basis.

You might want to consider this tool if you can also use the budgeting tools to help offset the annual fee. 

Quicken Premier budgeting features include:

  • Monthly budget planner
  • Bill pay
  • Loan payment tracker
  • Debt payment calculators

This company is one of the oldest budget software companies. That said, other Quicken alternatives might be a better fit for your needs.

Trustpilot Score: 3.6 out of 5

Pros

  • Has investment and budgeting tools
  • Can compare asset allocation to a target portfolio
  • Produces Schedule D tax documents

Cons

  • Requires annual subscription
  • No managed account option
  • Can be better for budgeting than managing investments

Related: 10 Best Dividend Trackers to Monitor Your Dividend Income

6. Morningstar Portfolio Manager

Morningstar investor homepage

Many investors are familiar with Morningstar due to its stock and fund ratings. Some online brokers also include the service’s analyst research reports for in-depth analysis.

Members can use the Morningstar Portfolio Manager to track and grade their investment portfolios. 

The available features depend on whether you have a free or paid membership.

Morningstar Basic

The free Morningstar subscription tracks up to 25 holdings and 25 tickers on the watchlist. You can upload a .CVS file to save time.

You may have to manually input:

  • The stock symbol
  • Number of shares you own
  • Purchase price
  • Purchase date
  • Trade commission

You can receive daily performance updates and see basic fundamental details like a stock screener provides.

Nevertheless, other free platforms make it easier to link brokerages and offer more features. You will need to upgrade to a paid membership to access more powerful analysis tools. 

Morningstar Premium

A Premium membership costs $199 per year or $29.95 per month after a 14-day free trial. While this annual fee is higher than most premium investment analyzers, it includes several features.

Some of the best Morningstar Premium tools include:

  • Automatic portfolio syncing
  • Portfolio X-Ray
  • Morningstar ratings for stocks and funds
  • Analyst reports

The Portfolio X-Ray feature and the analyst reports can be worth the yearly membership. Members can use the X-Ray tool to review their asset allocation and sector weightings. 

Morningstar may provide suggestions to rebalance your portfolio to reduce market risk.

Investors can also see the current Morningstar ratings for the individual stocks, ETFs and mutual funds in their portfolio. Having access to analyst ratings makes it easier to invest in quality stocks and maintain a diversified portfolio.

Additionally, subscribers can read market commentary and investing articles other platforms may not publish.

Trustpilot Score: 1.8 out of 5

Pros

  • Reviews asset allocation and investment ratings
  • Reputable stock and fund performance ratings
  • Access to analyst reports 

Cons

  • High annual fee
  • Free analysis tools are relatively weak

Learn More: Morningstar Review

7. Portfolio Visualizer

Portfolio Visualizer homepage

Portfolio Visualizer is one of the most impressive options since it offers several investment simulators. There is a free plan and two paid membership tiers.

All members have portfolio backtesting access to test the historical performance of different asset allocations. Users can also run Monte Carlo simulations to predict future investment performance.

Other research features include:

  • Regression analysis: Compare returns against a specific stock or indicator
  • Portfolio optimization: Rebalance portfolio by balancing risks and rewards
  • Stock screener: Find stocks and funds by fundamental or technical indicators
  • Timing models: Test short-term trading strategies by technical indicators

Most analyzers review the investor’s current asset allocation and may recommend a model portfolio or highlight risky positions. Portfolio Visualizer is different.

With Portfolio Visualizer, you get more tools to predict future performance. This can make it easier to envision the impact of a portfolio rebalance. 

Portfolio Visualizer has three monthly plans.

Free Plan

The free plan monitors up to 25 stocks and funds. You will need to manually input each position detail because auto-import is exclusive to the paid plans.

This plan includes the various simulators:

  • Backtesting
  • Monte Carlo simulation
  • Regression analysis
  • Portfolio optimization
  • Timing models
  • Stock screener

This can be a good option for new investors or established investors with only a few holdings. One downside is that you cannot save simulations to reference in the future.

Basic Plan

The mid-tier basic plan costs $19 per month and tracks up to 150 positions. This plan lets you import portfolios from brokerages and save simulations.

Pro Plan

The pro plan costs $39 monthly and can be better for advanced investors with up to 150 positions. 

Additional features include customizable PDF reports and adding more assumptions to predict investment performance.

Trustpilot score: N/A

Pros

  • Interactive simulators
  • Free plan has many features
  • Can backtest portfolio allocations

Cons

  • Free plan only tracks 25 positions
  • Can only auto-import portfolios with paid plans
  • Simulators may confuse inexperienced investors

8. Investment Account Manager

Investment Account Manager homepage

Investors who prefer a desktop platform should consider Investment Account Manager. You need a Windows operating system to install the software.

Program features include:

  • Real-time performance tracking
  • Asset allocation and portfolio rebalancing analysis
  • Model portfolios by asset allocation
  • Customizable investment reports
  • Fundamental ratio analysis
  • Estimated income from unrealized gains and losses
  • Investment fee analyzer
  • Tax filing for investment gains and losses
  • Wash sales checklist

This program can recommend a target asset allocation that fits your risk tolerance. Regardless of the online broker you use, this can be useful.

An annual membership costs $99. A license works on three computers. Furthermore, each purchase comes with a 90-day free trial and technical support.

Trustpilot Score: N/A

Pros

  • Can recommend a model portfolio
  • Interactive reports
  • Syncs with brokerage accounts

Cons

  • Only for Windows systems
  • $99 annual fee
  • Requires desktop download

FAQs

These answers to commonly asked questions can help you choose a portfolio analysis tool.

What is the best portfolio analysis app?

It depends on your individual needs. If cost is a concern, tools like Personal Capital or SigFig might be the best options for you.

For investors interested in simulators or model portfolios, Portfolio Visualizer or Investment Account Manager could be good choices.

If you want investment and budgeting tools, Quicken or Mint are worth evaluating. Or, if you want your portfolio graded, Morningstar may be your best bet.

How much do portfolio analysis tools cost?

Pricing will vary between tools. Some are completely free or offer free versions. Others may cost up to $199 annually.

Are portfolio analysis tools secure?

Yes. Most portfolio analysis tools offer security features.

For example, Personal Capital uses AES-256 encryption. SigFig uses 256-bit SSL encryption to protect your data.

Why is it important to analyze your investment portfolio?

The primary goals of analyzing an investment portfolio are to have a well-diversified asset allocation and manage investment risk.

Periodically looking at your current holdings can make sure you don’t have overexposure or underexposure to certain asset classes.

Portfolio analysis can also help you find high-quality investments with minimal fees to optimize potential investment returns.

How often should you analyze and rebalance your portfolio?

It can be a good idea to monitor your portfolio performance at least once a month. Periodic checkups can make sure your asset allocation is on track with your goals.

You may also decide to rebalance your portfolio regularly to stay on target with your investing strategy. 

Summary

Investing is an important component of achieving your financial goals.

Many investing apps offer good portfolio tracking tools, but they may not provide model portfolios or research tools.

Using an additional service can improve your investment strategy and minimize risk.

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