Interactive Brokers introduces new retirement planner feature

Interactive Brokers has announced the addition of a Retirement Planner to its PortfolioAnalyst® platform, a free portfolio management solution designed to aid investors in planning for their financial futures.

PortfolioAnalyst® offers comprehensive portfolio reporting and enables users to consolidate their finances across various accounts, including brokerage, checking, savings, credit cards, annuities, and more. According to a news release, this integration allows users to link accounts from over 15,000 financial institutions, providing a complete overview of their financial situation. This allows investors to assess their portfolios and make informed investment decisions.

Meanwhile, the new Retirement Planner feature is customizable and helps investors determine if their cash flow will be sufficient for retirement by inputting data from multiple accounts and financial holdings.

Steve Sanders, EVP of marketing and product development at Interactive Brokers, stated, “PortfolioAnalyst® is a powerful tool with advanced portfolio analytics that equips investors to make informed investment choices, and we are pleased to add Retirement Planner to its available services. PortfolioAnalyst® presents a clear and comprehensive picture of holdings and assets. Anyone from a skilled trader to a beginning investor can use it to track and evaluate their portfolios, manage their finances, and achieve financial success.”

Key features

• Consolidation: Users can link external accounts from financial institutions, including bank and brokerage accounts, real estate, and other assets, for a unified view.
• Analysis: The platform allows for customization of widgets and reports across various metrics, such as risk measures, projected income, attribution, bond analysis, and concentration.
• Planning: Investors can stay on track with portfolio allocations for seamless rebalancing and input retirement-specific information to better prepare for retirement.

Interactive Brokers Group affiliates provide automated trade execution and custody of securities, commodities, and foreign exchange around the clock in over 150 markets worldwide. The company serves individual investors, hedge funds, proprietary trading groups, financial advisors, and introducing brokers. Interactive Brokers has received accolades from industry sources such as Barron’s, Investopedia, and Stockbrokers.com.