Rebuilding the Simply Wall St Portfolio

The Portfolio was one of the first parts of Simply Wall St that was built, and over the years we have learned a lot about what works and what doesn’t, and also what you - our users - like and want in a portfolio management tool. That’s why one of our big projects at the moment is to build an entirely new portfolio feature.

This is a big task, so we are doing it in steps. Our goal is to make the best portfolio management tool for long term individual investors.

Where are we at?

One of the biggest frustrations with using any portfolio management tool is keeping it up to date. We know how tedious it can be to manually add every holding or transaction. To solve this, we’re building a way to allow a seamless connection to your broker, so your portfolio will be imported in a matter of minutes and automatically stay up to date, always.

To do this, we have rebuilt the portfolio from the ground up. This means starting from a blank sheet of paper, and building the best portfolio management tool out there.

It is important to us that you can rest assured that your data is completely anonymised and safe. We have built the integration as a read-only service, meaning that Simply Wall St and our integration partners are unable to make any change to your portfolio. You can learn more about Passiv and Yodlee by clicking on the links.

At this stage, the portfolio is still in Beta. Meaning it's not available to all users, it has very basic features and a limited amount of brokers supported.

However, don’t despair! In the coming weeks we expect to integrate most of the brokers in every country, make it available to all users and add some basic analysis to start getting unique insights abut your portfolio.

If you’re already able to link your portfolio, it can already help you staying up to date with your companies. For any important update, we’ll send you an email directly to your inbox so that you can stay up to date with key developments effortlessly and ignore the noise.

At the moment, the portfolio beta is currently open to US and Australian customers, with a select group of brokers including Robinhood, TDAmeritrade, Commsec, Stake, Webull and Interactive Brokers. US and Australian customers can view the full list by going to this link.

What to expect next?

In the future, we’re going to work towards supporting any major broker in the world. Our mission is to help every retail investor to build a successful portfolio, so no matter where you live, we’ll do our best to support your broker (not an easy task!).

At the same time, we’re going to keep improving the user experience of the portfolio itself, to make sure it’s easy to use and can help you monitor your companies better than your broker or any other product out there.

In the following weeks, our focus will be on building completely new analysis. This is going to help you stay focused and let value drive your decisions, not your emotions. We’ll help you identify risks and understand how to mitigate them, understand diversification and how to optimise returns, on top of staying on track with your objective.
If you’re a dividend investor we plan to build the tools for you to track past dividend payments and forecast future ones so that you can have greater visibility on your cashflow. If you’re a new investor, don’t worry. We’ll make sure any insights will be easily understandable.

The new portfolio (beta) is currently available to most US and Australian customers and will be rolling out to all users soon. You can check if you already have access and try it out by heading to simplywallst.com/portfolio/new

If you’re interested in joining a research session, where you will be given the opportunity to provide feedback to the team and help us test upcoming features, head over to the form here to register your interest.

That’s it for now! Stay tuned for new updates along the way.