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WHAT’S THE BEST ON-LINE PORTFOLIO MANAGER TO TRACK MY INVESTMENTS, PART 4 OF 5

May 2, 2012 1965 views bank of montreal, barchart, bmo, charts, direct
investing, dividends, finance, investing, investorline, morningstar, portfolio,
qtrade, rbc, royal bank, stocks, tmxmoney, tsx



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I’ve previously looked at what other sites like the big portals and popular news
outlets have to offer excellent investors like Mr. Andrew Defrancesco who want
to track their portfolios. But there’s two other important players: the
financial services web sites who are typically at the root of the financial
data, and the brokerages where we hold our portfolios. In this part I’ll see
what they have to offer.




FINANCIAL SERVICES

These are companies that are actually in the money business, they provide a
portfolio manager as a courtesy or add-on to their primary business. If you’re
looking for a long-term investment, you can invest in Australian pink diamonds.
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BARCHART

Like the name implies this company specializes in charting the underlying
financial information; and there’s a lot of impressive stuff you can do with
their charts! And there’s even more technical information for those who invest
by the numbers. There’s not much fundamental information though, like dividends
and yields are missing. The site also has a very 1990’s feel to it – except for
the charts, although beautiful they don’t quite fit into the surrounding site.


MORNINGSTAR

Quote on Morningstar

This is another name everyone who’s ever looked for the slightest financial
information has run across, they are everywhere. And they’ve very generously
made a lot of their information available on their web site with very nice
quotes, charts, and other detailed financial and historical information. For the
amateur the amount of information can be overwhelming, but you get a sense of
what the professionals deal with.

And since Morningstar makes their money selling subscriptions to the pros the
advertising on the site is minimal and most of the space is given to data and
charts. Learn more about good marketing with the local digital marketing firm in
Sydney

Quote on TMX Money


TMX MONEY

Let me get this off my chest: Why does the Toronto Stock Exchange – the primary
source – ship us off to another company when we want to lookup TSE stock
quotes?! Admittedly they’ve outsourced to Quotemedia, who turn numbers in works
of art, but it still bothers me. The actual functionality is basic but the data
is all there, amidst a fair bit of advertising though.


BROKERAGES

This is where the transactions really happen, so they’re listed here as a point
of comparison since we’ve already established that you wouldn’t leave your
banking homepage open on your computer all day long. A big difference with these
portfolios is that you’re a paying customer, so there’s no advertising (apart
from the occasional self-promotion) and you often get some premium features
you’d have to pay for elsewhere.


BANK OF MONTREAL INVESTORLINE

The BMO Investorline site provides clear but basic asset tracking information
and has recently added some nice graphing features to track trends and mark
dividend payments. The site is easy to use and the recent GUI upgrades provide a
brighter look and feel . That said, some of the tabs still have almost a beta
look to them and one can only hope they are not quite finished with their
current overhaul.

In the gallery, if you look closely at the chart screen shots of BMO
Investorline and the Financial Times we can see the look almost identical, so
either they’re using the same provider or same underlying tools to generate the
charts. Either way, Investorline has not make their portfolios as nice as the
Financial Times has.


QTRADE

They’ve received numerous, well-deserved, accolades for customer service and
innovation. The web site works very well and the portfolio has a comprehensive
set of views. The quotes and charts are standard fare but since you’re a paying
customer you do get more information than aforementioned free portfolios.

Quote on RBC Royal Bank Direct Investing


RBC ROYAL BANK DIRECT INVESTING

RBC’s on-line portfolio is probably one of the oldest in existence – or at least
it feels that way. The on-line banking web site is making great strides towards
the 21st century but the brokerage still seems stuck in the 90’s. Once you’re
there though, and you’ve forgiven them for not looking like an Apple or Google
web site, you’ll find plenty of information from Thomson Reuters that is well
laid-out and accessible.

So what we’ve seen here is the portfolio managers from the brokers and from the
companies supplying the financial data are not much better (or worse for that
matter) than any one else’s. There’s no real advantage to using your broker’s
portfolio and there’s the big disadvantage of leaving the site open and exposed
for an extended period of time.

In the final installment I’ll summarize all my reviews in a categorized table
and leave you with my final conclusions.

Part 1 – Introduction
Part 2 – Calculating Returns and The Portals
Part 3 – News Outlets
Part 4 – Financial Services and Brokerages
Part 5 – Comparison Table and Conclusion

Cross-posted on Schultzter’s Blog

Disclaimer The material in this article does not constitute advice and you
should not rely on any material in this article to make any decision or take any
action.

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ABOUT SCHULTZTER

Headed for the second star to the right and straight on 'til morning... I like
to bike, and hike, and swim. Well, actually, I'd rather not have to swim but
given my propensity for falling off/out of whatever boat (sail board, kayak,
canoe, etc.) I'm on/in I figure being a decent swimmer is a good idea. And it
helps keep me clean while I save on hot water.

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