Best Personal Finance Software

How do you find the best personal finance software? Start by figuring out what you want to do in the personal finance arena. Personal finance software covers a very broad spectrum from budgeting software to investing software and from loan software to retirement planning software. For the best budgeting software, start with You Need A Budget at YNAB is the premier budgeting software, but it’s not free. If free budgeting software is what you are looking for, head over to

Now let’s talk about the best personal finance software for investment management. There are a number of great websites that have emerged recently to take on the challenge of removing the financial advisor from the personal finance equation. The goal is to offer premier investment knowledge for a fraction of the cost. Invest like the rich, but pay a reasonable fee. This list of the best personal finance software options for financial management will grow and contract over time as more players enter the game and they each vie for a piece of the advisement pie. I’ve ordered this list with my favorite company on top. You’ll find a full review of the best personal finance software options in the links.





Future Advisor

Motif Investing



Online financial management has changed quite a bit over the last few years. Figuring out the right allocation of securities between various asset classes is not something that I particularly enjoy doing and paying a financial adviser isn’t something that I can afford. There are clearly a number of people like me in that regard because these new players have developed excellent products for an ever growing niche.

A few things to remember:

1. Study the fee structures closely so that you know what you will pay. Some charge a flat monthly fee and others charge you based on the size of your portfolio.

2.  These options provide the best personal finance software to help you with financial and investment management. You cannot currently find a one-stop shop for budgeting, college planning, retirement planning, financial planning, life insurance planning, etc.

3. Some of these companies are brokers, but most either have you set up your own account, or set up a brokerage account on your behalf. I prefer to have a separate brokerage account because these companies are new players and if my money is in a large, strong brokerage, I can get it even if one of these start ups is gone.

These companies have developed the best personal finance software for financial management providing the small-time investor big time tools and advice. These companies provide their service for a fraction of the fees charged by traditional advisers and provide some of the same services. In fact, they probably do the asset allocation and rebalancing better because they rely on complex algorithms to help them determine your appetite for risk as well as when to rebalance your portfolio, thereby maximizing your returns. Investment management methods once exclusive to expensive advisers are now available to ordinary investors. Happy investing.







MattBest Personal Finance Software
  • Jkruvi

    Thanks for providing such important information. Are their plans to review other websites like Learnvest and more? Also would be great to have a comparative table.

    • humblebroker

      Hi Jkruvi. I have a number of other articles in draft form that I will post soon on other similar websites along with a way to compare the companies. Stay tuned.

      I’ve researched Learnvest. They are interesting. The provide everyone with access to a Certified Financial Planner for a low annual fee. It is like Personal Capital but provides more extensive services. Where Personal Capital is an investment advisor, LearnVest is a financial planner. It may seem like a subtle difference but in reality is a very different service.

      • joseph

        There was an interesting article in WSJ on 9/5 titled Personalized Advice w/o a Person. They mention additional services such as Financial Engines, Jemstep, Betterment.

        • humblebroker

          I’ve reviewed Jemstep and Betterment on this site. Both are good options and it becomes hard to differentiate between some of the products. Betterment seemed to focus on achieving specific goals. It made a lot of sense for someone starting out on their investment journey with three or four different objectives. Jemstep has a nice format as well and will work nicely for someone looking into retirement planning. I have to look up Financial Engines and see what they have. I found another one recently called Financial Guard that is similar to the other new entrants into this market.

          What I’d really like to see is some consolidation so that a company like Wealthfront buys SigFig and starts pulling all your accounts together, providing a better view for those of us with multiple IRAs and 401ks.

          One other to consider is Vanguard. They are now offering a service to consolidate your accounts. Downside is that they have minimum investment requirements so if you only have $50 to invest, you should go with a different service.

          • Jkruvi

            I tried to find it on their regular Vanguard website without success.

          • Jkruvi

            Matt, Have you heard about Next Capital prev. LikeAsset? would very much appreciate your review. thanks