The Best Investment Management Software 2023: Makes Your Life Easier

The Best Investment Management Software

When it comes to managing your investments, having the right software is essential. Finding the best investment management software in the market can be a daunting task.

There are a variety of options available, and each one offers different features and benefits.

We want to show you the best investment management software that will help you grow and manage your portfolio,

whether you’re an individual investor, a financial advisor, or a business, finding the right software can be a big challenge. We have explored different kinds of investment management software in the market today and PERSONALCAPITAL.COM happens to be the best in the market.

The pros of having investment management software

Let’s look at some of the advantages of using investment management software:

Automation: Investment management software makes it easier to automate tasks such as portfolio rebalancing and account reconciliations. This helps to save time and resources while still ensuring that investments are properly managed.

Professional-grade analytics: Many software packages offer powerful analytics capabilities. This enables users to analyze data quickly and make informed decisions about their investments.

Security: Investment management software provides a secure platform for storing sensitive information and financial data. This helps to protect against security threats and reduce the risk of fraud.

Cost savings: Using software can also help you to save money. Many packages offer lower subscription fees than hiring an investment advisor and automated tasks can reduce overhead costs. Overall, investment management software can be a great tool for managing your investments. It can provide you with the information you need to make better decisions and help you save time and money

The cons of having investment management software

When it comes to investment management software, there are a few potential downsides that should be taken into consideration. First and foremost, these programs can be quite expensive depending on the features you need.

For example, some of the more advanced software packages come with monthly fees and extra costs for additional features or services. Additionally, the learning curve can be steep, so if you’re not comfortable with technology it might take a bit longer to get up to speed.

Finally, there may also be security risks involved as these programs may require access to your financial information and data, which is always a potential risk. As such, you’ll want to take your time researching any software you’re considering and ensure you understand the security protocols in place.

The Best Investment Management Software:

Personal Capital is a digital wealth management company that provides investment advisory services for a fee. Personal Capital also offers a secure, complimentary, online financial Dashboard. And yes, Personal Capital’s financial tools are completely free.

Personal Capital is a top free investment and portfolio management software for individuals. The platform, with mobile and desktop computer access, has a load of features.

The easy setup takes a few minutes to sync your accounts after which your personalized dashboard is available. The Personal Capital finance dashboard incorporates all of your bank, credit card, and investment accounts and gives you a 360-degree view of how your investments are performing along with other useful money information.

How Personal Capital Manages Your Money

If you have $100,000 in assets to manage, you’ll gain access to Personal Capital’s robo-advisor wealth management features.

Live financial professionals will set up a comprehensive financial plan and evaluate how well you’re meeting your goals. The company employs a team of strategists and big hitters to help craft tax-efficient portfolios.

Personal Capital’s “smart weighting” approach allows you to have access to smaller, and potentially higher-growing, investments.

The company charges higher fees than many of its robo-advisor competitors. Personal Capital also helps your portfolio be tax efficient through tax-loss harvesting.

Some of the personal capital features

  • Analyze your cash flow including both income and expenses
  • Calculate your net worth – including updated home value
  • Check on and analyze your investments
  • Plan for retirement
  • Analyze your account fees
  • Perform an investment check-up
  • Review your asset allocation, Net worth tracker
  • Savings planner
  • Budgeting
  • Cash flow
  • Retirement planner
  • Investment check-up
  • Fee analyzer
  • Education planner
  • More

Personal Capital’s “You Index” allows users to compare their investments to broad indexes like the S&P 500. The company also offers a “retirement planner,” which tells you how much Social Security you can count on and what you can do to increase your odds of meeting goals.

Personal Capital Fees and Costs

Personal Capital offers three service tiers, with varying fees and minimum balances:

  • Investment Services. For balances between $100,000 and $200,000, you pay an 0.89% fee for a portfolio of managed ETFs and help from one financial advisor.
  • Wealth Management. For balances of $200,000 to $1 million, you pay the same 0.89% fee, but you’ll have access to two financial advisors and a portfolio that will include individual stocks, when appropriate.
  • Private Clients. For balances above $1 million, you start to see a decrease in fees, all the way down to 0.49% once you hit $10 million. These net you access to Personal Capital’s Investment Committee, two financial advisors, extra love for your retirement planning, and even private equity investment options.

The typical expense ratio charged for those in the Investment Services tier is about 0.10%, according to a Personal Capital spokesperson, while those in the highest tiers pay about 0.07%. In either case, you’ll be put in ETFs offered by Vanguard, Schwab, and iShares, among others.

There is no minimum or fee involved with the budgeting, spending, and portfolio management tools mentioned above, nor for Personal Capital Cash, which is the company’s checking account.

However you feel about Personal Capital’s offerings, these prices are steep. If you start with $150,000 invested, contribute an additional $10,000 each year, and earn a ho-hum 7% return for 15 years, you’ll end up paying nearly $70,000 in fees with Personal Capital, compared to only $20,000 with Wealth front.

Who Should Choose Personal Capital?

The type of person that personal capital is suitable for is someone who

  • Has already accrued $100,000 in investment savings
  • • Individual securities available.
  • • Free, comprehensive investment management tools.
  • • Dedicated financial advisors.
  • • Advanced tax optimization strategy
  • • Retirement planner
  • • Free portfolio advice
  • • Robo plus human advisors
  • • Track your net worth
  • • See your entire financial life
  • • Track your portfolios and get advice
  • • Plan for retirement
  • • $100,000 account minimum.
  • • High management fee.

Personal capital rating


Personal Capital is best for high-net-worth investors seeking a well-researched investment approach and qualified financial advisors. The large account minimum puts Personal Capital out of reach for many as a robo-advisor. The free portfolio management tools are the best we’ve found and are suitable for any investor.

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