Portfolio Management Software

by **Bean Counter** » Fri Aug 22, 2008 9:43 am

I'm an independent RIA that manages just a few client accounts, net worth of accounts < 1 million. My custodian is Scottrade. I'm looking for a reliable, simple Portfolio Mgmt Software, that is not terribly expensive.

I don't want to pay over $1000 per year. I was hoping there would be a subscription based service out there priced by account or AUM vs flat subcription fee.

Can anyone recommend anything?

by **ManINaSuit** » Fri Aug 22, 2008 4:24 pm

Check out Advisors Assistant.

by CG » Sat Aug 23, 2008 7:08 am

Check out Portfolio Director www.portfoliodirector.com. It works with Scottrade and is low cost. Good luck.

by **BlankenshipFP** » Mon Aug 25, 2008 7:32 am

You might check out Fund Manager - www.fundmanagersoftware.com - relatively easy to use and low cost.

by **Ed G.** » Mon Aug 25, 2008 2:35 pm

I've yet to try them, but there's a firm called Trade-PMR that only deals w/ RIA's. They have a system that looks pretty good in terms of tracking & reporting (as well as billing) & they only charge $100 a month. You also get level 2 streaming quotes. I plan on opening my next few accounts w/ them to try them out & will let you know what I think...

by **Langtree** » Mon Aug 25, 2008 7:06 pm

I have personally developed an Excel spreadsheet that may be perfect for your needs. It gives an overview of the entire portfolio (or multiple portfolios) and summarizes by portfolio owner (husband,wife, etc) asset class, cash flows, percentages, etc.

If you are interested contact me thru this forum.

by **Bean Counter** » Tue Aug 26, 2008 12:32 am

Langtree-I'd be interested to see what you've developed, it does sound like something I could use.

Please send me an email. Equinecpa at yahoo.com

And thanks everyone else for the useful links -I'm investigating them all.

by **rockchalk** » Tue Aug 26, 2008 4:56 pm

Langtree,

I'm also interested in getting information about your Excel program. Please email me at lblackburn@coburnfinancial.com . Thanks!

by **Dave17** » Thu Aug 28, 2008 11:51 am

Hi I would be interested in the spreadsheet. My e-mail is: dave@wisdirect.com Thanks

by **williamjay** » Sun Aug 31, 2008 9:06 am

I too would be interested in learning more about your software. My email address is william_goldsmith@comcast.net.

Thanks,

Bill

by **broberts** » Thu Sep 04, 2008 7:33 am

Langtree, please send me an email as well - broberts@regalcapital.net.

Thanks,

Bruce

by **skar1313** » Fri Sep 05, 2008 9:23 am

Langtree I would also liek a copy. Please email me at andy@strategicwealthsolutionsinc.com

Thanks

by **Rocket, CFP(R)** » Sun Sep 07, 2008 9:15 pm

Please send me a copy alan at discover-fp dot com

Thanks in advance

by **Titan** » Sat Oct 11, 2008 11:36 pm

Langtree

I'm interested in the info as well. Please send me an email to aztlan76@gmail.com Thanks

by **JGP** » Mon Nov 17, 2008 4:27 pm

Hi,

I am very interested in learning more about what you have developed - Could you please send me more information at jgpapez1@gmail.com

by **Vig Oren** » Sat Nov 22, 2008 10:13 am

Bean counter, I have not checked any of above posts but see if this is helpful to you:

(recently I have received an email from a participant in this forum)

Vig,

Going thru the forum archives, I came across a posting from you about how you use morningstar.com to manage your portfolios. You also mentioned that you could forward a copy of a post that shows how you do that. I know I'm coming to the party about a year late, but do you still have that info available?

I've had it w/the price of Principia.

My answer:

Hi, I assume that you're referring to the way that I monitor a few

portfolios. But, I doubt it if it is suitable for a planner with many

clients. This is b/c I need to update the number of shares manually (I do it quarterly)

since I use the WatchList Portfolio method instead of the Transaction Portfolio. See it

here at the Portfolio Manager:

http://www.morningstar.com/Cover/Tools.html

(They have a new beta version going on now.)

As a premium paying member (app $120 annually, but I am "grandfathered" and pay nothing) I set the columns in the Portfolio Manager widow, as follows:

(You must have Ticker Symbols for the funds or use proxies that have.)

My View 1: Name, Weight, Total Return: 2003, 2004, 2005, 2006, 2007,

YTD, Standard Deviation (3yrs), Beta (3yrs)

(They took out the data for 2002 which was important! Why?)

My View 2: Name, Ticker, Current Price, Market Value, Shares Held,

Weight, Total Return: YTD, 12mo, 3yrs, 5yrs, 10yrs.

(In addition you have a view of the Snapshot showing M* STARS)

I also check the portfolio with the X-Ray (and Stock Intersections in it), and the Asset Allocator.

As I understand it, M* Advisor WorkStation is the one that might

interest you but it is more costly.

Regards

Q:

Thanks. This is exactly what I was looking for. I just want a way to monitor the 6 portfolios (90/10, 80/20, etc) I use for my clients.

I signed up for a trial yesterday and thought it looked pretty comprehensive. Principia is total overkill for me and getting horrendously expensive, too.

I do have a question for you, is there a way to print 'My View'?

My A.

Hi, for customers I would use the Print option in the window

(Morningstar Portfolio Snapshot Report). For myself, I highlight the

window (only the numbered data in it from the Name on top to the last

number under the Total Return last column for My View 2) ) and do a

Print Selection. I just did it and I see for my portfolio a YTD loss

of -27.02%. I am getting sicker and sicker from day to day. G-d,

please help!

p.s. when I update a portfolio (Modify it) I give it a new name which

is the same as before but I add the current date to it (and delete the

old one). I have yet to explore the Transaction Portfolio method

(which should simplify the updating).

Best

by **RIT** » Thu Jan 01, 2009 12:02 pm

Happy New Year Langtree,

I would like to request a copy of your Excel spreadsheets for Portfolio Management. Thanks and enjoy the new year. offthecommon@verizon.net

Regards,

Bonz

by **Bea** » Tue Jan 27, 2009 11:33 pm

I would be interested in your excel spreadsheet you've created. If you don't mind sharing it with me you can reply and send it to my email above.

Thank you

Bea

by **nrwayne** » Mon May 04, 2009 9:13 am

Langtree,
I realized it's been a few months since you posted the offer, but I would appreciate the Excel template you mentioned.

Thanks,

Russell

[url=mailto:nrwayne@soundasset.com]nrwayne@soundasset.com[/url]

by **Vig Oren** » Wed May 06, 2009 10:44 am

Bean Counter, are you the one whom I know from the M* Diehards?

by **indy2006** » Wed May 20, 2009 10:56 am

Langtree-

I am late to the party - can I get a copy also?

[url=mailto:jrothe@therothefinancialgroup.com]jrothe@therothefinancialgroup.com[/url]

Thanks

by **DCA** » Tue Jun 02, 2009 7:03 am

Could I get some more information about the excel-based portfolio accounting system? My email is [url=mailto:toincoss@hushmail.com]toincoss@hushmail.com[/url]

Thanks

by **jason1975** » Fri Jun 05, 2009 7:24 am

Hi, I hope I'm not too late but I would like some more information on the portfolio management excel spreadsheet template. My email is [url=mailto:jason@dcaglobal.com]jason@dcaglobal.com[/url]

Thanks

by **Peterb6086** » Thu Jun 11, 2009 5:14 am

Hi - could I also see a copy of the software - peterb6086@aol.com
thx.