SaaS Portfolio Management Software Solution For Individuals: Work From Anywhere

It can be challenging to manage your investing portfolio, particularly in the current unpredictable markets and if you work a full-time job. Nevertheless, you may track, evaluate, and optimize your portfolio with the aid of numerous portfolio management software programs. We hope that this post will clarify the distinctions between Software-as-a-Service (SaaS) and Software On-Premise for you to consider when selecting a solution for managing your investment portfolio.

SaaS essentially refers to a cloud-based portfolio management application that users may use from any location in the world via an internet connection. This implies that installing and maintaining software locally is not necessary.

On the other hand, On-Premise software is a portfolio management tool installed and managed on a company's or individual's local servers and computers (very challenging for individuals), instead of being hosted in the cloud. In this case, it requires the user to manage installation, updates, maintenance, and security locally.

3 SaaS Portfolio Management Software Solutions

Now that you're familiar with the SaaS concept, let's explore three solutions you may want to consider.

1. Personal Capital (Empower)

Personal Capital is a comprehensive tool for individuals looking to manage all aspects of their finances. Besides being able to track portfolios, it’s a full-featured financial planning platform that provides retirement planning, budgeting, and even fee analysis. It’s great for those who want to see the big picture of their finances.

Important aspects:

• 360-degree of investor's finances: It tracks your investments and provides insights and analysis of performance, asset allocation, and fees.

• Retirement Planner: It includes tools to help you with retirement, calculating different scenarios, anticipating big expenses and even simulating a recession.

• Net Worth Evolution: Consolidates the information of your investments and bank accounts, to have a global view of your net worth.

• Best For: Individuals looking for a one-stop solution through which will be able to manage their entire financial life as seen before.

2. Sharesight

Sharesight focuses on investors with multiple portfolios. It’s particularly useful for individuals with international investments, as it supports multiple currencies and asset classes. This tool offers excellent performance reporting and tax management.

Important aspects:

• Performance Reporting: It includes detailed reports on security valuation, capital gains and dividends, calculation a global performance of your investments.

• Tax Reporting: It generates tax reports, helping investors with tax obligations in multiple jurisdictions.

• Integration: It already works with multiple brokers and accounting software, making portfolio management and tax preparation easier.

• Best For: Individuals with complex, multi-currency portfolios, needing detailed performance analysis and tax report.

3. Kubera

Kubera is a modern portfolio tracker solution that helps individuals manage a wide range of asset classes and products, from traditional investments like stocks, funds, and bonds to cryptocurrencies, real estate, and other assets. It's a great solution thanks to its user-friendly interface and detailed analysis for investors who need a global view of their net worth.

Important aspects:

• Global Asset Tracking: It supports a wide range of assets, including cryptocurrencies, real estate, collectibles, and others.

• Automatic Portfolio Updates: It is connected to your financial accounts and automatically updates your asset valuation.

• Customize Your Dashboards: Investors can customize their portfolio tracking view, enabling what's most important for them.

• Best For: Individuals with multiple assets and products looking for a simple and powerful tool for tracking their entire net worth.

SaaS Portfolio Management Solution: Conclusion

The best SaaS portfolio management tool for you depends on your specific needs and the products included in your investment portfolio. When selecting this tool, keep in mind the current integrations with your banks, the products in which you are invested, the features you need the software to have, and the cost of the solution.