Best Portfolio Management Software of 2024

Analyzing a portfolio can be challenging, especially when managing various asset types like stocks, bonds, mutual funds, and ETFs. Financial advisors and portfolio managers often struggle to get a clear, comprehensive view of their holdings and understand associated risks and opportunities. Traditional tools are clunky, expensive, and often offer fragmented insights, leaving users in need of more integrated solutions.

The best portfolio management software offers a solution:

• Simplified Analysis: Robust, user-friendly tools streamline the process.
• Detailed Reporting: Provides comprehensive insights into portfolio performance.
• Visually Appealing Charts: Makes data easy to understand with visually appealing charts.
• Seamless Integration: Ensures all data is up-to-date and accurate by integrating with other financial planning tools.

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6 Best Portfolio Management Software

Koyfin

With Koyfin’s Model Portfolios, you can create and manage investment portfolios tailored to your needs. Customize asset allocations, set rebalancing schedules, and adjust weightings with ease. Generate detailed, customizable reports to showcase portfolio performance, holdings, and risk exposure. Share your model portfolios with colleagues and clients to enhance communication and teamwork.

Explore Model Portfolios: Sign Up

Portfolio Performance Comparisons

Customize the columns displayed in the model portfolio table to compare multiple portfolios side-by-side with performance metrics like total returns, annualized returns, and relative returns. This feature helps you see how different portfolios stack up against each other.

Performance Chart enables advisors to easily compare portfolio performance against benchmarks over customizable time frames, with options to view cumulative returns, portfolio growth, or rolling returns.

Streamlined Portfolio Management

Sleeves functionality in model portfolios allows financial advisors to combine smaller portfolios, or “sleeves,” into a larger one. This helps customize client portfolios, simplifies rebalancing, and provides a clear view of performance and risk.

Portfolio Diversification

The Exposure Analysis tool clearly breaks down asset allocation across categories such as asset classes, sectors, countries, and bond credit quality. This allows advisors to evaluate portfolio diversification and identify areas of over-concentration. The Holdings Contribution table shows the impact of individual holdings, enabling adjustments to optimize performance.

Comprehensive Risk Analysis

Get a detailed view of portfolio performance and risk. Key metrics like annualized returns, beta, alpha, Sharpe ratio, and maximum drawdown help understand volatility and risk-adjusted returns. There are also Top Drawdowns, Stress Test analyses, and a Drawdown Chart to assess portfolio resilience and recovery from past losses.

Equity Concentration Risk

Holdings Matrix makes it easy to see how much of each stock is held within a portfolio, both directly and through other funds. This feature helps advisors spot when too much concentration.

Custom Reports

Koyfin’s reporting functionality offers customizable client reports with branding options. Advisors can choose templates or create their own, covering portfolio comparisons, equity and fixed income exposure, performance metrics, and risk assessments. Reports can easily compare current and proposed portfolios against benchmarks. This user-friendly design simplifies sharing, improving client communication and trust.

Custodian Integration

Koyfin’s integration with Schwab automatically imports client portfolio data, ensuring advisors have accurate and updated account information without the burden of manual data entry.

Bespoke Integration

A custom integration is available to connect your positions data with Koyfin’s portfolio analytics. Contact Koyfin for more information.

Explore Model Portfolios: Sign Up

Pricing & Plans:

Pro Plan

• Price: $79/month per user
• Features:
  • Model Portfolios
  • Custom Watchlists
  • Custom Dashboards 
  • Screener
  • Mobile App
  • Price Alerts
  • Advanced Graphing
  • Team Sharing
  • Reports
  • Stocks, ETFs, and Mutual Funds
  • Live US Equity Data
  • Company Financials, Estimates, and Price Targets
  • ETF & Mutual Fund Holdings
  • ETF Valuation
  • Macro Data (Treasury Yields, Global Economic Data, Commodities, Currencies)
  • Unlimited Custom Formulas
  • Unlimited Custom FA Templates
  • Priority Support

Try Koyfin Pro free for 7 days (no credit card required)!

Enterprise Plan

For larger teams and custom needs, the Enterprise Plan includes everything in Pro, plus:

• Custom onboarding 
• Administrative purchasing options
• Single sign-on (SSO)
• Flexible, scalable pricing

Contact Koyfin sales team to learn more.

Beyond the Model Portfolios: Additional Benefits of Koyfin

Koyfin is a trusted financial data and analytics platform, used by over 30,000 financial advisors and 500,000 investors. Known for its comprehensive institutional-quality data, customization options, and modern interface, Koyfin goes beyond model portfolios. It covers equities, ETFs, mutual fund holdings, analyst estimates, transcripts, filings, watchlists, screeners, financials, charting, macro data, and custom dashboards. New users receive a 7-day free trial of Koyfin Pro without needing to input a credit card.

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Summary:

Koyfin empowers advisors to create and manage customized model portfolios with specific weightings, rebalancing schedules, and asset allocations. The tool offers robust client reporting features for generating detailed performance, holdings, and exposure analyses. Seamless integrations with custodians and financial platforms ensure accurate and up-to-date information. Its user-friendly interface and customizable templates make it easy to tailor reports to meet specific client needs and branding requirements.

Explore Model Portfolios: Sign Up

FactSet

FactSet provides a model portfolio solution within its comprehensive financial workstation, primarily targeting institutional investors and large wealth management firms. It allows access to third-party model portfolios from various asset managers and strategists, enabling advisors to analyze, customize, and implement these models for their clients.

Functionality:

• Third-party model portfolio access
• Portfolio analysis & comparison
• Performance attribution
• Backtesting & simulation
• Optimization & rebalancing

Pricing & Plans:

Factset costs $12,000 per year. Factset’s website suggests a free trial can be given after connecting with their team.

Summary:

FactSet’s model portfolio solution offers a comprehensive suite of tools for analyzing and implementing third-party models, particularly beneficial for institutional investors already utilizing the FactSet workstation. However, its focus on high-end institutional clients, premium pricing, and limited model customization may not be ideal for smaller firms or advisors seeking more flexibility and control.

YCharts

YCharts provides a model portfolio tool that helps financial advisors manage and analyze their portfolios. The platform allows users to create and track portfolios, compare them against benchmarks, and generate detailed performance reports. YCharts offers a variety of features tailored to meet the needs of financial advisors, such as asset allocation analysis, risk metrics, and performance backtesting.

Functionality:

• Asset allocation modeling
• Stress testing
• Custom benchmarks
• Quantitative risk analysis
• Fundamental chart

Pricing & Plans:

Model Portfolios are available in the Professional and Enterprise plans on YCharts. The Professional plan costs $6,000 per year, or $500 per month with an annual contract.

For more details on the rest of the data in YCharts’ pricing plans, visit their website.

Summary:

YCharts offers a robust portfolio management tool with comprehensive data and user-friendly reporting, well-suited for US-focused advisors. However, its limited customization and higher price point may not meet the needs of all users, particularly those seeking extensive branding options or more affordable solutions.

Kwanti

Kwanti is a portfolio analysis platform geared towards financial advisors who value quantitative analysis. It offers tools for building, backtesting, and optimizing portfolios, focusing on in-depth risk analysis and detailed client proposal generation.

Functionality:

• Asset allocation analysis
• Risk and return modeling
• Stress testing
• Integration with custodians
• Custom benchmarks

Pricing & Plans:

Kwanti offers 3 pricing plans: 

• Single Licens: This plan is priced at $195 per month per user, targeting solo advisors or breakaway advisors. It provides access to all core portfolio analysis features, including asset allocation, equity sector and style analysis, and backtesting tools. The plan allows for up to 50 PDF reports per month.
• Multi License: Priced at $175 per month per user, with a minimum requirement of two users. It includes all the features of the Single License and allows for data sharing among users. The group has a combined limit of 50 PDF reports per month, multiplied by the number of licenses.
• Publisher License: Starting at $575 per month per user, this plan is tailored for large firms with centralized investment operations. This license includes all features available in the Multi License plan and permits up to 200 PDF reports per month.

For more details on the rest of the data in Kwanti pricing plans, visit their website.

Summary:

Kwanti provides a suite of tools for portfolio analysis, focusing on asset allocation, risk assessment, and performance optimization. However, advisors seeking extensive customization options for client reports and interfaces might find Kwanti less flexible compared to other platforms. Cost-wise, Kwanti’s premium pricing might pose a challenge for smaller firms or individual advisors. Overall, Kwanti is a good contender for advisors prioritizing in-depth financial analytics over an intuitive interface.

Nitrogen

Nitrogen is a risk-centric portfolio management platform designed for financial advisors. It focuses on assessing client risk tolerance and aligning portfolios accordingly, offering risk scoring tools, proposal generation, and automated rebalancing.

Functionality:

• Risk assessment & scoring
• Risk number calculation
• Automated portfolio construction
• Proposal generation
• Automatic rebalancing

Pricing & Plans:

Nitrogen doesn’t publicly disclose its pricing on its website.

Summary:

Nitrogen’s core strength is its risk assessment methodology, making it ideal for advisors who prioritize aligning portfolios with client risk tolerance. However, it may offer fewer tools for in-depth quantitative analysis or portfolio optimization compared to other platforms.

Portfolio Visualizer

Portfolio Visualizer allows users to backtest and analyze different portfolio allocation strategies. It provides a range of features for simulating historical performance, evaluating risk metrics, and optimizing asset allocations.

Functionality:

• Backtesting
• Historical portfolio analysis
• Monte Carlo simulations
• Factor analysis
• Asset allocation analysis

Pricing & Plans:

Portfolio Visualizer offers 3 pricing plans: 

• Free: This plan includes basic tools such as portfolio backtesting, Monte Carlo simulation, and portfolio optimization. Users can also access factor regression, asset analytics, and tactical allocation models. However, this plan limits the number of saveable models and lacks features like advanced report customization and team collaboration tools.
• Basic: Priced at $30 per month, the Basic plan offers enhancements like the ability to save simulation, optimization, and tactical allocation models. It includes the same core features as the Free plan but adds capabilities like Excel export, configurable asset backfills, and supports up to 50 portfolio models.
• Pro: At $55 per month, the Pro plan includes all features of the Basic Plan and adds more advanced capabilities. Users can generate customized PDF reports, utilize custom data series, manage fees, synchronize team member accounts, and allows for up to 150 portfolio models.

For more details on the rest of the data in Portfolio Visualizer’s pricing plans, visit their website.

Summary:

While Portfolio Visualizer provides a strong suite of tools for portfolio analysis and optimization, it falls short in some areas compared to other platforms. The lack of real-time data integration and advanced reporting features might be a drawback for some users. However, its extensive backtesting and simulation capabilities make it a valuable tool for financial advisors aiming to optimize their investment strategies.

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Our insights are derived solely from historical information and analyst predictions, employing an impartial approach. Please note that our articles do not serve as financial guidance.