Will this investment tracking tool make private wealth management douchebags extinct?

We all know the name of the game for private wealth managers- schmooze the client, just perform average, send the client flowers on their birthday, get paid, and in general being a big tool.

This new tool by Wikinvest can finally put wipe them out (at least some of the worst ones). Similar to Mint, it aggregates all investments across multiple brokerages, shows real time streaming quotes, calculates true performance net of fees, dividends, interest, etc. and has many portfolio metrics such as P/E, P/B, etc.

Here's what Barron's has to say: "Barely out of beta testing, the new portfolio-management tool from Wikinvest.com is already the most advanced of its kind online."

Oh yea, its free, so stop paying the douche, and take control! Check it out here:


Comments (9)

Jul 8, 2010 - 3:36am
naucharlie, what's your opinion? Comment below:

I have, and its worked great so far. The best part (for me) is that I don't need to manually input anything- it all syncs directly from my brokerages. So when I make a trade, I don't need to go in and make changes to a table, it syncs daily so that new positions are automatically accounted for.

Jul 8, 2010 - 7:15pm
naucharlie, what's your opinion? Comment below:

after using it some more, I have to say their treatment of options isn't optimal, but supposedly they are working to improve it (really hope so)

Jul 8, 2010 - 7:25pm
LIBOR, what's your opinion? Comment below:

yah but real wealth managers do a little more than just trade for you (im not in the business but i've met some guys who are). just saying... wealth managers help with family trust services, college savings, etc. they still have some value add

looking for that pick-me-up to power through an all-nighter?
Best Response
Jul 9, 2010 - 10:54am
Blank999, what's your opinion? Comment below:

PWM guys just shmooze Bankers just play with excel Traders just click a mouse Firemen slide down a pole

And other super simplified summations of what people do in the mind of a 5 year old.

Jesus dude, PWM does a lot more than just kiss ass. Did someone get passed over for an internship and is now cranky?

  • 3
Jul 9, 2010 - 11:44am
perpetual struggler, what's your opinion? Comment below:

When you got a 100 million, you don't look at wikiinvest. Portfolio monitoring and knowing company comps are really the least of client concerns. That's not what private bankers get paid for.

Look at it this way, the rich guys know everyone's after them and will keep them sweet. Will they give their money to a sweet talker birthday-card sender ?

The private bankers with the biggest client books and celebrity clients are, surprise surprise, serious like hell, sometimes even downright boring!

Mar 10, 2017 - 9:49am
heister, what's your opinion? Comment below:

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