events happening around the world there has been a shift in the way people
think about what to do with their finances. Technology and the internet have
become a major part of people’s day to day life. Financial technology also
known as Fintech has become one the fastest growing industries in the world
ranging from banking, investments, retail transactions, internet and mobile
banking to financial solutions etc. Investors looking to
grow their wealth have a range of investments in multiple banks, lifestyle assets, trading platforms
focus of investors is to always make money at the maximum profit achievable to
meet immediate short-term and long-term goals.
various forms of investments to secure your money and future is the best way to
meet your financial goals, keeping track of your investments and savings is a
The key to
making the best of your monetary gains is to know when and how to invest your
money. There are various options available to the scrupulous investor who can
|● Cash accounts
||● Fixed Income Products
||● Mutual Fund
||● Bank Deposits
|● Structured products
The Hurdle We Face with Multiple Statements!
increasing dependence on technology and lifestyle changes, there has been a
shift from paper to platform applications.Gone are the days of setting up appointments with
your wealth managers for the basic requirement of information or statements to
be shared with you. With the advancements made in Fintech, now you can rely
completely on your mobile applications to get all the information you require
on the go.
investors do not have the time to go through different statements of their
multiple investments made locally or internationally. It does become
challenging to keep track of your investments and doesn’t give you a clear
picture of how your profile is performing. This results in investors not
understanding where and how their investments have unrealized gains or losses.
In short, although banks provide
statements at regular intervals, managing investments from various locations
could be a hassle, and you could end up losing the opportunity to book your
profits or minimize your losses based on the market movements. With help of a
consolidation platform, you can make informed decisions and never miss an
opportunity during market tides.
Track Statements from All Banks with Ease
there are several ways to track your finances and provide updates so that you
can manage all of your investments in the comfort of your home or office.
There are a few ways in which you can keep track of
all your investments by keeping them in one place.
have been a time-tested way to keep track of multiple portfolios. Keeping track
of your investments using a spreadsheet is particularly easy if you have just
begun your journey into the world of investments. You can have a separate sheet
for each bank account, and manually enter the details you require.
drawback of using a spreadsheet is that you will have to keep updating the
numbers, and you could lose your data unless it’s stored in a cloud. Also,
deletions and inclusions could prove confusing and there is room for error.
spreadsheets not only help you to collaborate your data, but they also provide
access from other devices such as your smartphones or any other device provided
you have your login details. You will get the advantage of cloud storage;
however, the deletions and inclusions of data are always a possibility. This is
a buy product with any manual software.
another application that helps you build spreadsheets on your computer, tablet
or smartphone, and provides you unlimited access across these devices. As with
other spreadsheets, you will have to enter your data manually and create graphs
also provide a login so that you can use your laptop or desktop to keep a
better eye on your investments and get a comprehensive idea.
Online tracking apps
tech-savvy investor, whether a large or small amount of your funds have been
invested in various assets, keeping track of all the investment portfolios in
one place is highly important.
There are various applications, such as Wealthbrain, that helps you consolidate,
track and analyze your portfolio in a single platform.
tracking applications are gaining popularity because of the following reasons:
- Consolidation of all yourinvestment portfolios
- Access to all your portfolio statements
- Update on your investments’ value
- Insight about asset allocation
Tracking Apps- The Future of Finance
track of your investments has never been easier. It happens with a single touch
on your smartphone or your computer.With a secure login and multiple access, you can link all
your bank accounts or upload your bank statements to the application.
from the apps will keep you updated about the portfolio valuations, the latest
trends in the stock market, renewal dates, and other important news that could
help you not only invest better but also make informed decisions.
platforms allows you to manage and track your funds by giving you accurate data
of your investments, transactions and reports. You can track the performance of
your assets, you can compare banks and see which one is performing against the
other, check your lifestyle asset performance, etc.
these applications help you track your accounts in different countries, making
it easier to access offshore investments as well.
charts and graphs or pictorial representations of your investment portfolios
make it easier to monitor the state of affairs even when you are hard-pressed
for time. You could also keep track of your investment behavior with these
charts, learning where you invest the most. This could help you rebalance your
investment portfolios by investing more in areas that give you better dividends
With so many
features, it is no wonder that smart investors are moving in the right
direction- towards using an online investment tracking app such as Wealthbrainto keep track of all their
investment portfolios owing to the ease of access and how all the information
is consolidated in one secure place.