PortfolioAnalyst, housed within the Interactive Brokers Advisor Portal, is a powerful tool to consolidate, track, and analyze their clients’ complete financial performance. Accessed via the left side navigation menu, PortfolioAnalyst allows advisors to select accounts or groups for analysis, set time periods and return calculations (Money-Weighted or Time-Weighted), and compare performance against up to three benchmark ETFs or indices. Advisors can customize their dashboard by adding, removing, and rearranging widgets, each displaying different portfolio analyses and metrics (IBKR Traders´Academy, s.f.).
The PortfolioAnalyst reports provide comparisons of client portfolios to over 300 benchmarks. Default reports, using Time-Weighted returns and benchmarks like SPXTR, EFA, and VT, are available in three formats: Snapshot PDF, Detailed PDF, and Detailed CSV (IBKR Traders´Academy, s.f.). While default reports cannot be edited, advisors can create custom reports, selecting specific sections, benchmarks, and return calculations. Both default and custom reports can be set for automatic delivery to advisors or their clients. Advisors can also add commentary to reports through a Synopsis and create custom benchmarks by weighting multiple ETFs or indices.
Clients can link their external investment, checking, savings, annuity, incentive plan, and credit card accounts to PortfolioAnalyst, either through the advisor or via the Client Portal, allowing for a comprehensive view of their financial state. Adding these accounts is straightforward, involving selecting institutions and following on-screen prompts. Offline accounts, such as real estate or other assets and liabilities without online access, can also be added (IBKR Traders´Academy, s.f.).
Additionally, PortfolioAnalyst supports Model Portfolio Reports, enabling advisors to track performance and allocation of model portfolios. Advisors with clients invested in TWS model portfolios can activate this feature, load model data into PortfolioAnalyst, and generate both default and custom reports for these models. Reports can be consolidated across all models into one comprehensive report, available in PDF or CSV formats.