Keeping track of your investment accounts is no small task. Among your employer’s 401(k) plan, one or more individual retirement accounts (IRAs), a health savings account (HSA) and taxable investment accounts, you could end up managing more than a few investment portfolios. My wife and I have more than a dozen.
Juggling multiple accounts is a big job that comes with big challenges. Chief among them is creating an asset allocation plan that covers all of your accounts, each of which may have differing tax treatments, and offer greater or more limited investment options. Tracking performance involves logging into multiple accounts and then aggregating the data. And keeping an eye on investment expenses across accounts can involve serious mental gymnastics.
One effective solution is to use software or an app to manage the process. Over the years I’ve used several, ranging from fintech solutions to spreadsheets. In this article, I’ll cover what I think are the five best investment tracking apps available today.
