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.”
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.
“It’s time for an economic reset,” wrote the California governor, in a post on X.
Masterworks was launched in 2017 but its RIA, Masterworks Advisers, is just three years old.
One 2017 form, no broker license, and a $42 million gap they say surfaced on a webinar.
Fewer than half of Americans in their peak earning years feel on track for retirement, while many say limited financial knowledge and access to professional guidance are holding them back.
Meanwhile, Wells Fargo hauled advisors overseeing $825 million in the West Coast, while Wedbush has welcomed a seasoned professional from Stifel in California.
Dan Biagini of American Equity says the steady decline of pensions, longer lifespans and a reset in interest rates are rewriting how advisors build retirement income
Direct indexing is on pace to outgrow ETFs and mutual funds. Northern Trust's Ken Lassner explains why the advisors who get it wish they had started sooner.
