What are the top 5 investment portfolio management tools?

As an entrepreneur or a business owner, managing an investment portfolio isn’t new to you, especially in today’s market. Portfolio management is essential for making smart investment decisions that align with your business objectives. But with so many options out there, selecting the best investment portfolio management tool can seem challenging. In this article, we’ll examine the top 5 investment portfolio management tools for entrepreneurs and investors alike. We’re confident you’ll find the one that perfectly aligns with your business objectives.

1. Personal Capital

Personal Capital is a popular investment portfolio management solution for entrepreneurs, independent investors, and individual investors. The tool enables users to have a complete picture of their finances, including investments, banking transactions, credit card usage, loans, and expenses, among others.

It incorporates an impressive dashboard that consolidates information from various financial institutions, including investment accounts, traditional retirement accounts, and bank accounts. With personalized advice, actionable insights, and free consultation with accredited advisors, Personal Capital offers significant value for your business and portfolio.

Personal Capital’s robust security measures put your financial information’s safety first. It employs two-factor authentication, facial recognition, and Touch ID fingerprint authentication to ensure that you’re the only one who can access your account.

Some of the key features of Personal Capital include investment tracking, personalized investment strategy, financial planning tools, retirement planning, and tracking of spending with expense tracker.

2. Betterment

Betterment pioneered the concept of ‘robo-advisors,’ automating the investment portfolio management process and delivering substantial value to users. It provides a personalized investment plan tailored to your business objectives and risk preferences, enabling you to invest your money automatically.

Betterment’s platform is incredibly user-friendly, and the interface is intuitive. It’s easy to keep tabs on your portfolio with a click of a button. The tool has various account types, including Individual, Joint, and Trust and does not have any hidden fees or minimum balance requirements.

With Betterment, you can create individual investment accounts, Tax-Deferred Retirement Accounts (IRAs), and Taxable Trust Accounts. It also provides users with tax-loss harvesting services to maximize their tax efficiency.

Betterment’s standout feature is perhaps its automated investment management process. Its algorithm invests your assets in a diverse range of ETFs based on your customized portfolio’s investment blueprint. This approach enables the tool to keep your portfolio seamlessly balanced to your preferred investment goals.

3. Wealthfront

Wealthfront is another popular robo-advisor investment portfolio management tool. It focuses on strengthening your investment portfolio by leveraging modern portfolio theory and creating a diversified Asset Allocation strategy that aligns with your financial objectives.

The platform’s algorithm uses an institutional-grade investment process to optimize your portfolio for tax efficiency. Wealthfront’s unique selling point is its ability to filter your investments to align with your social, environmental, or governance values while still providing the best possible returns for your portfolio.

With Wealthfront, your investments are in good hands. It creates a diversified portfolio using low-fee exchange-traded funds (ETF) from highly reputable providers such as Vanguard.

Wealthfront’s hassle-free portfolio management services include automatic portfolio rebalancing, tax-loss harvesting, and risk-adjusted investments to keep your portfolio on track even in turbulent market conditions.

4. M1 Finance

M1 Finance is a unique investment portfolio management tool that enables you to create a customized portfolio entirely of your choosing. Its platform allows you to choose investments based on your investment objectives, security type, or sector, among other factors. Once you’re done creating your portfolio, M1 Finance takes care of everything else from investment to rebalancing.

The platform is ideal for business owners who want to invest in specific assets not readily available on other platforms. Users are given complete control over selecting specific investments, including stocks and ETFs, and can form portfolios based only on these investments.

M1 Finance’s innovative technology enables you to automate your investment strategy with fewer fees than traditional brokers. Its platform is user-friendly and comes with an impressive variety of financial education resources for investors of all levels of expertise.

The tool enables you to invest in a diverse range of assets and portfolio management services. This includes Individual Retirement Accounts (IRA), Roth IRAs, SEP IRAs, and other typical types of investments.

5. TD Ameritrade

TD Ameritrade is an all-purpose investment portfolio management tool that’s useful for investors of all calibers. The platform provides investors with significant flexibility as it’s capable of creating and managing both passive and active investment portfolios.

Investors receive complete control over their mutual funds, stocks, Exchange-traded funds (ETFs), and bonds portfolios with TD Ameritrade. They also have access to a variety of self-help resources, including tutorials, webinars, and a vast network of academic experts in finance.

TD Ameritrade’s unique selling point is the range of investment tools available on the platform. These include:

• Screeners and watchlists to identify relevant market opportunities
• Alerts that notify you of any market movements or news
• Portfolio management tools that enable easy management of your investment portfolio
• Access to brokerage services

Conclusion

Investment portfolio management tools are an essential tool for entrepreneurs and investors looking to generate better returns on their portfolios. Whether you’re looking to automate your investment strategy, create a custom portfolio, or get personalized expert advice from accredited advisors, these tools offer value to investors of all levels.

Some of the standout features of the tools above include hassle-free portfolio management, tax-loss harvesting, low-fee investing, and personalized investment strategies.

It’s essential to determine which tools align most closely with your business objectives to achieve the desired outcome and get the most out of your investment portfolio.