Every investor needs a portfolio management tool to track investments and generate accurate performance reports, no matter the size of your portfolios. Portfolio management systems allow investors to organize investments, track performance and assess a portfolio’s asset mix and risk levels. Most will also help at tax time. A good system will track buys, sells, dividends, splits and other transactions within a portfolio for a variety of securities. Performance data is measured over various timeframes and most programs will allow users to graph performance and print reports.
This comparison examines the best portfolio management software systems designed to help you accomplish these tasks. Since our last comparison in 2007, Microsoft has discontinued its Money software programs. Portfolio Systems Inc. was bought by Scottrade, who continues to offer their Portfolio Director tool. This tool was always aimed at professional portfolio managers and is even more so now; therefore, it is not included in this comparison. Portfolio Systems Inc.’s Option Money has been discontinued.
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