Sharesight Review 2024
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In a Nutshell: Sharesight is a powerful portfolio tracking software that allows you to see all your investments in one convenient spot. It provides users with detailed performance and dividend tracking, as well as tax reporting.
Sharesight has quickly grown to a more than 300,000-strong investor community, and it offers more than 200 software, broker, and partner integrations. But is it the right portfolio tracker for you? Keep reading my comprehensive Sharesight review so you can determine how it aligns with your investment goals and preferences.
| Service Type | Fees | Promotion |
|---|---|---|
| Portfolio Tracking Software | Free - $31/month | 33% off |
- Supports over 250,000 stocks, ETFs, and mutual funds.
- Integrates with around 200 software, brokers, and partners.
- Automated dividend and distribution tracking for accurate income reports.
- Provides comprehensive tax reporting features, easing tax obligations.
- Free plan available for basic tracking needs.
- Advanced reporting features in premium plans for detailed analysis.
- Real-time data updates for up-to-the-minute portfolio insights.
- Custom investment options including alternative assets and private equity.
- Detailed performance analytics for individual holdings and overall portfolio.
- Diverse asset class tracking, from stocks to mutual funds and ETFs.
- Free plan offers limited functionality, restricting full software potential.
- Suitable mainly for accredited investors and not for everyday investors.
Table of Contents
What is Sharesight?
Sharesight is a robust portfolio tracking software developed to provide investors with a consolidated view of their entire portfolio of investments across various brokerage accounts and asset classes. Born out of the need to bridge the analytical gap often left by brokers, Sharesight offers an expansive suite of features including detailed performance analytics, dividend tracking, tax reporting, and integrations with over 200 software, brokers, and partners.
Users gain insight into over 240,000 global stocks, cryptocurrencies, and funds, making it a comprehensive tool for those seeking an intuitive platform to monitor their investment performance.
With a range of plans tailored to cater to both novice investors and seasoned professionals, Sharesight has carved a niche for itself in the world of financial technology.
Sharesight Overview | Is Sharesight Right for Me?
Sharesight offers powerful portfolio tracking, which is a great way to better understand your investment performance across multiple accounts, brokers, and assets. It also has convenient tools such as dividend tracking and tax reporting.
Whether Sharesight is the right portfolio tracking software for you will depend on a few factors, including your budget and what you’re looking for in a portfolio tracker tool. Since it has a free plan, there isn’t much to lose. Investors can see how they like the platform first before paying anything.
That said, I don’t find the free plan particularly robust. To unlock everything Sharesight is capable of, you’ll need to subscribe to one of the paid premium plans. Keep reading, as I explain more about Sharesight, including how it works and its top features.
External Sharesight Reviews & Ratings
| Site | Rating | |
| Product Hunt | 5 | |
| Software Suggest | 4.7 | |
| Benzinga | 4.5 | |
| Trustpilot |  | |
| SaaSWorthy | 4.4 from 99 votes | |
| Product Review | 4.3 from 134 reviews |
Firsthand User Experience with Sharesight
After reading every review out there, here are some of the most informative reviews I found, from traders who have experienced the platform firsthand:
Good job guys. Just one request, can you increase the limit of number of Custom Groups and number of portfolios for the lower subscription level – just by a couple of more allowed.”
Sharesight Customer Review Analysis
There are a couple of general themes I found in the positive Sharesight reviews. Users seem to be very pleased with how the service analyzes their portfolio and delivers easy-to-understand insights. They also routinely mentioned how Sharesight was a huge asset in helping them prepare their taxes.
Like online reviews for all companies, Sharesight does have some negative reviews. Many negative Sharesight reviewers mention very slow customer service response times. Sharesight does respond to one of the replies saying they made changes in how they prioritize customer support tickets, which should reduce wait times.
If you would like to dive deeper into what customers are saying, you could check out the Sharesight Reddit reviews, although I must note that these reviews aren’t from verified users, so they shouldn’t be given too much emphasis in your final judgment.
How Does Sharesight Work?
Sharesight was developed in order to give investors a better understanding of their investment performance. In this way, it was created to help fill in the gap left by brokers, which often don’t offer robust data and portfolio performance analysis.
Fortunately, Sharesight is intuitive and works in a pretty straightforward manner. Users simply sign up for an account, whether a free plan or one of the three paid options, and then start integrating their brokers.
This allows for automatic tracking of price, performance, and dividends from over 240,000 global stocks, cryptocurrencies, and funds (including ETFs). You can also add assets such as cash and property to see the full value of your portfolio all in one convenient place.
To get a better idea of how Sharesight works, let’s take a look at some of its top features.
Reviewing Sharesight Features
Here are a handful of Sharesight’s many useful features, that I found most beneficial:
Tons of Integrations
Sharesight not only allows you to connect to 200+ global brokers, it also enables integrations with 40+ markets as well as software partners. This includes big names such as Charles Schwab, Robinhood, and Interactive Brokers, as well as newer players such as cryptocurrency exchanges.
Deep Portfolio Analysis
Sharesight makes it easy to track your portfolio and its performance all in one place. You can calculate returns with customizable options, including dividend-inclusive performance (for “total returns”), currency fluctuations, and more. You can also easily benchmark your portfolio against any given stock, ETF, or fund in the Sharesight database.
Tax Reporting
Thanks to its dividend tracking (see below) and the ability to easily generate and share tax reports, Sharesight can greatly simplify tax season and help you better understand the tax implications of your investments.
Simplified Dividend Tracking
Dividends are a key component of many portfolios as they can provide compounding returns over time. With Sharesight, it’s easy to track dividends and distributions from the 240,000+ global stocks and funds in Sharesight’s database, going back up to twenty years.
Diversity Report
Sharesight’s proprietary Diversity Report gives you deeper insights into your portfolio’s diversification, a key attribute of a portfolio set up for stable long-term returns. The Diversity Report shows a pie chart for fast and easy-to-grasp visualization of your diversification.
I believe this tool is a great value for any long-term investor who wants to make the most informed decisions possible.
Sharesight Pricing & Plans
Sharesight has a free plan plus three tiers of paid subscriptions: Starter, Investor, and Expert. Here’s a simple breakdown for monthly billing:
- Starter | $15/month
- Investor | $24/month
- Expert | $31/month
And here are the reduced prices per month when billed annually:
- Starter | $11.25/month
- Investor | $18/month
- Expert | $23.25/month
The free plan comes with 1 portfolio, 10 holdings, and 1 custom group, plus limited reporting and basic support.
The Starter plan comes with 1 portfolio, 30 holdings, and 3 custom groups, plus limited reporting and standard support.
The Investor plan comes with 4 portfolios, unlimited holdings, and 5 custom groups, plus advanced reporting and standard support.
The Expert plan comes with 10 portfolios, unlimited holdings, and 10 custom groups, plus full reporting and priority support.
Assets Tracked with Sharesight
Sharesight boasts a comprehensive tracking system that covers an extensive array of investment vehicles. The platform’s automated features encompass equities and exchange-traded funds from upwards of 40 international exchanges, a suite of mutual and managed funds from countries including Australia, New Zealand, the U.S., Canada, and the U.K., and forex holdings across a spectrum of over 100 currencies. Bonds traded on the ASX and NZX are also integrated into the tracking mechanism.
The platform offers cryptocurrency tracking, providing automatic, frequent updates for over 100 cryptocurrencies including Bitcoin, Ethereum, Ripple, Litecoin, Stellar, Dash, Monero, and Bitshare.
Beyond its automated tracking, Sharesight allows for the addition of various custom investments. These include not only cryptocurrencies and bonds outside its automated scope but also other assets such as precious metals, real estate, and private loans.
This flexibility ensures that, while some manual input may be required, Sharesight remains a versatile and user-friendly tool for investors managing a broad and diverse investment portfolio.
Sharesight Security
Sharesight commits to robust security measures for safeguarding personal and financial information. Personal data remains confidential, with two-factor authentication enhancing account safety. All data is transmitted securely, encrypted with TLS standards, the kind I consider essential for online safety.
Their servers are encrypted, benefit from round-the-clock surveillance, and are housed within high-security data centers, which is reassuring. The regular independent security checks and ASIC registration reinforce the platform’s dedication to security.
Plus, integrating your account with Google’s identity service for two-factor authentication adds an extra layer of security.
Sharesight’s Unique Selling Propositions
- Comprehensive Investment Tracking: Sharesight stands out by offering an exhaustive tracking system that covers a wide range of investment vehicles, from individual stocks and ETFs to mutual funds and private equity.
- Advanced Reporting for Informed Decisions: Sharesight’s advanced reporting capabilities, available in premium plans, provide deep insights into investment returns, capital gains, and dividend income, aiding in informed investment decisions.
- Multi-Asset Class Management: The platform’s ability to manage diversified portfolios across various asset classes, including alternative investments, sets it apart as a comprehensive investment tracking solution.
Sharesight for International Investors
- Global Reach: Sharesight’s capability to track assets from over 40 international stock exchanges makes it a suitable choice for international investors.
- Multi-Currency Support: The platform supports various currencies, essential for investors with global portfolios, facilitating accurate performance analysis across different markets.
- Tax Reporting for Multiple Jurisdictions: Sharesight’s tax reporting feature caters to the needs of international investors, considering different tax obligations across countries.
Sharesight’s Impact on Portfolio Management
- Enhanced Portfolio Review: Sharesight’s detailed insights and analytics enable investors to conduct thorough portfolio reviews, assessing performance, and identifying areas for improvement.
- Asset Allocation Insights: The platform’s diversity report aids in effective asset allocation, ensuring balanced and stable long-term returns.
- Future Income Projection: Sharesight’s tools can project future income streams from investments, aiding in financial planning and passive income strategies.
Sharesight vs. Personal Capital
- Personal Capital Comparison: When compared to Personal Capital, another popular investment tracking tool, Sharesight offers more detailed tax reporting and dividend tracking, particularly beneficial for investors focusing on stock markets and ETFs.
- Investor Plan Advantages: Sharesight’s Investor Plan is particularly useful for seasoned investors with a diverse portfolio, offering more advanced features than Personal Capital’s basic tracking tools.
- Target Audience: While Personal Capital targets a broader audience with financial planning tools, Sharesight caters more to investors who require detailed analytics and reporting for their investment portfolios.
Reviewing Sharesight Alternatives
If you have read this far in my Sharesight review and aren’t sold on its benefits, don’t worry, there are other quality options out there. One portfolio-tracking app that has gained popularity is TradeStation.
TradeStation has been around since 1982, so you know they aren’t some fly-by-night company trying to steal your money. TradeStation offers more than just portfolio tracking, it is a robust tool for traders of all experience levels. If you want to learn more, start with my TradeStation review.
Another company I want to mention is Seeking Alpha. Although better known for publishing over 20,000 crowdsourced articles every month, they also offer powerful portfolio tracking features. To learn more about Seeking Alpha’s portfolio tracking features, click the link.
Is Sharesight Worth It?
Is Sharesight worth it? Ultimately, it depends on your budget and your investment needs.
If you only have one account with one broker and a couple hundred dollars invested, then you likely don’t need one of Sharesight’s paid plans. If you are a more seasoned investor with multiple accounts and assets, however, Sharesight can greatly simplify your portfolio and dividend tracking.
To check out Sharesight for yourself, click here to see how it aligns with what you’re looking for in a quant analysis platform and save up to 33%.
Frequently Asked Questions
Yes, Sharesight includes brokerage fees in its calculations, ensuring a true performance analysis of your investments. It considers these fees as part of the cost base, which is crucial for accurate capital gains calculations and overall investment return analysis.
Sharesight supports integrations with over 200 global brokers, including major players such as Charles Schwab, Robinhood, and Interactive Brokers. It also accommodates a range of international brokers, catering to a diverse investor base.
Sharesight’s dividend tracking is highly accurate, automatically updating dividends for over 240,000 global stocks and funds. It calculates dividend returns, including reinvestments, and adjusts for corporate actions, ensuring precision. Users can rely on it for detailed dividend income reports, vital for investment analysis and tax purposes.
Sharesight allows for the manual entry of real estate investments as custom investments in your portfolio. While it doesn’t provide automated tracking for real estate like stocks or ETFs, users can manually update property values and related income. This feature enables a comprehensive view of your investment portfolio, including real estate assets.
Sharesight is more geared towards long-term investors rather than day traders. It focuses on providing detailed performance analytics, dividend tracking, and tax reporting, which are more relevant for long-term investment strategies. Day traders, who require real-time data and rapid trade execution tools, might find Sharesight less suitable for their needs.
Sharesight efficiently handles stock splits by automatically adjusting the quantity of shares in your portfolio without altering the total value. This ensures that your investment records remain accurate and reflect the true performance and value of your holdings post-split.
Sharesight’s handling of corporate actions like stock splits adds to its accuracy and reliability as a portfolio tracker.
Yes, Sharesight allows users to import historical data, which is a crucial feature for comprehensive portfolio tracking. Users can upload historical trade data using CSV files, making it easier to consolidate and track long-term investment performance.
This feature is particularly useful for investors who want to migrate their investment history from other platforms or brokerage accounts.
Sharesight primarily focuses on tracking and reporting past and present investment performance, rather than forecasting future growth. While it provides detailed analytical tools and reports, it doesn’t offer specific forecasting or predictive tools for future investment growth.
Investors looking for forecasting tools might need to complement Sharesight with other investment analysis software.
Sharesight is relatively user-friendly, even for beginner investors, with an intuitive interface and straightforward functionality. It offers educational resources and support to help new users understand its features.
However, the depth of data and analysis provided might be overwhelming for beginners initially, but it becomes invaluable as they gain more investment experience.
Yes, Sharesight can be integrated with several accounting software platforms, enhancing its utility for personal finance management and tax preparation. This integration simplifies the process of transferring investment data for accounting and tax purposes. Popular accounting software like Xero is known to integrate seamlessly with Sharesight.
Sharesight does not provide real-time alerts for share price movements, as its primary focus is on portfolio tracking and performance analysis over time. It’s designed for long-term investment tracking rather than for real-time market monitoring. Investors requiring immediate alerts on price movements might need to use additional trading or market-watching software.
Sharesight offers reliable customer support, with various resources including email support, an extensive knowledge base, and user forums. The response time may vary depending on the query and the plan the user is subscribed to, with priority support available in higher-tier plans. Overall, users report positive experiences with Sharesight’s customer support team.
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