What is Sharesight?


Jeremy BiberdorfBy: Jeremy Biberdorf

November 2, 2023November 2, 2023

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Managing a diverse investment portfolio can be challenging, especially when you’re juggling multiple brokerage accounts, tracking dividends, and keeping an eye on currency fluctuations. Sharesight has emerged as a solution, providing a comprehensive platform to monitor your investments.

But is it the right choice for you? In this guide, we take an in-depth look at Sharesight, its features, and its potential benefits for investors.
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What Exactly is Sharesight?

Sharesight is a portfolio tracking software that enables investors to have a consolidated view of their investments across multiple brokerage accounts, asset classes, and even currencies.

It was created to address the analytical gap often left by brokers, thus providing a more detailed perspective on your portfolio’s performance, dividends, and tax implications.

With Sharesight, users can access information on over 240,000 global stocks, mutual funds, and cryptocurrencies, providing a comprehensive tool for monitoring investment returns.

How Does Sharesight Work?

Sharesight’s intuitive platform works by allowing users to integrate their various brokerage accounts. Once integrated, the platform automatically tracks the price, performance, and dividends of more than 240,000 global stocks, cryptocurrencies, and funds.

You can even add other assets like cash, precious metals, and property to obtain an entire portfolio overview.

Key Features of Sharesight

Integration Abilities: Sharesight can be integrated with over 200 global brokers, covering major players like Charles Schwab and newer entrants in the cryptocurrency market.

  • In-Depth Portfolio Analysis: Track your investment returns by taking into account factors such as dividend payments, currency effects, and even share splits.
  • Tax Reporting: Generate shareable tax reports and better understand your tax obligations, making tax time a lot simpler.
  • Dividend Tracking: Monitor dividends from a vast database, ensuring you’re always up-to-date on your investment income.
  • Diversity Report: This unique feature provides insights into your portfolio’s diversification, a critical component for stable long-term returns.

To see how Sharesight stacks up with other portfolio trackers, check out our list of the best stock portfolio tracker apps.

Sharesight Plans and Pricing

Sharesight offers a tiered pricing strategy, including a free plan. Here’s a quick overview:

  • Free Plan: Access to 1 portfolio, 10 holdings, limited reporting, and basic customer support.
  • Starter Plan ($15/month): One portfolio, 30 holdings, limited reporting, and standard customer support.
  • Investor Plan ($24/month): Four portfolios, unlimited holdings, advanced reporting features, and standard customer support. A good choice for the advanced investor.
  • Expert Plan ($31/month): Includes 10 portfolios, unlimited holdings, full reporting, and priority support.

Discounted rates are available for annual billing. Interested investors can save up to 33% on the subscription cost.

Pros and Cons of Using Sharesight

Pros

  • Integration with a vast number of global stocks, ETFs, and funds.
  • Partnerships with roughly 200 software, broker, and partner integrations.
  • Automated dividend tracking makes managing investment income straightforward.
  • Tax reporting tools help simplify financial reporting at tax time.
  • Availability of a free plan for beginner investors.
  • Comprehensive diversity report provides insights into portfolio diversification.
  • Compatibility with major cryptocurrencies and cryptocurrency exchanges.
  • User-friendly interface designed for both novice and expert investors.

Sharesight brings a comprehensive portfolio tracking tool to the table that meets the needs of diverse investors. With its expansive integration capabilities, it covers an impressive range of stocks, ETFs, and funds globally, ensuring users can see all their investments in one place.

The emphasis on automation, particularly with dividend tracking, eradicates the manual hassles many investors face. The added advantage of tax tools streamlines financial management, especially during tax seasons. With an inclusive approach, the platform offers a free plan targeting those new to investing, ensuring they aren’t left out.

Also, the platform’s focus on portfolio diversification and cryptocurrency integration displays its dedication to keeping up with current investment trends. Its intuitive design rounds off its benefits, catering to both beginners and seasoned investors seamlessly.

Cons

  • The free plan offers limited reporting features.
  • A learning curve is possible for those not familiar with investment tools.
  • Some user reviews indicate a desire for more custom group options in basic plans.

While Sharesight offers a range of benefits, potential users should be aware of its limitations, especially when considering the free plan. The restricted reporting capabilities in the free version might not meet the needs of those looking for in-depth analysis, pushing them towards the premium plans.

New users should also be prepared for a slight learning curve as they familiarize themselves with the extensive features of the platform. Lastly, while Sharesight offers customization, some users have expressed the desire for even more granularity in terms of grouping options, especially in the more basic subscription models.

Is Sharesight Right for You?

Whether Sharesight is suitable for you hinges on your investment needs and budget. For investors with a diversified portfolio across various platforms, Sharesight can be a game-changer. Its in-depth analytics and ease of use make it a compelling tool for both individual investors and finance professionals.

However, the final decision lies in your hands. For a deeper dive into the platform’s offerings, you can check out our detailed review.

The Bottom Line

Sharesight offers a comprehensive portfolio tracker tool that can be a valuable addition to an investor’s toolkit. From day traders to long-term investors, Sharesight provides tools to understand true performance over time.

As always, it’s essential to do your research and determine if it aligns with your financial goals. If you believe Sharesight seems like the right platform for you, click here to get started.
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Sharesight FAQs

Does Sharesight support cryptocurrency tracking?

Yes, major cryptocurrencies and exchanges can be tracked using Sharesight.

How does Sharesight compare to other portfolio trackers?

Sharesight stands out due to its comprehensive integration options, advanced reporting features, and tax tools.

Is my data safe with Sharesight?

Yes, Sharesight emphasizes the security and privacy of its users’ data.

Can I integrate my Charles Schwab account with Sharesight?

Yes, Sharesight supports integration with Charles Schwab among other brokers.

Does Sharesight offer customer support?

Yes, the level of customer support varies with the plan chosen, ranging from basic to priority support.

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Jeremy Biberdorf
Jeremy Biberdorf

About the Author:

Jeremy Biberdorf is the founder of Modest Money. He's a father of 2 beautiful girls, a dog owner, a long-time online entrepreneur and an investing enthusiast.

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