By Joshua Schroeder
If you are like me then over time you probably have accumulated various investment accounts with different brokers. For example, I have an IRA that rolled over from a 401k with Fidelity, a couple of IRA Roth accounts, a 529 college account and a normal brokerage account with TD Ameritrade as well as a self-directed brokerage account with Merrill Lynch. Needless to say it is difficult to get a real time picture of how my overall combined portfolio is performing. This is where Wikinvest´s new portfolio aggregator comes in.
After signing up for the free service with a just an email address and a password, you select the brokerages where you have accounts and Wikinvest consolidates your portfolios into a simple easy to follow dashboard. You can even track your performance over time against major benchmarks such as the S&P 500 and the DJIA. In the portfolio breakdown section of the analytics section you can see a high level breakdown of cash flows including realized gains, deposits, dividends, interest and fees.
Admittedly, I have not had a lot of time to dig into the nuts and bolts of everything the software has to offer, but I did find the portfolio consolidation, real time analytics and performance features worth the minimal amount of time required to sign up. Lastly, I see that they have an Ipad app available so I will be downloading that shortly for when I am on the move.
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Any opinions expressed herein are solely those of the author, and do not in any way represent the views or opinions of his employer or any other person or entity.
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