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Investment Account Manager 2.0 includes many new features to further provide users with a comprehensive portfolio management and investment record keeping solution.
File Menu:
- Add, Edit, Delete Portfolios: includes new options to configure a portfolio for broker download activity, Canadian average cost tax laws, and copy/combine portfolios.
- Import: new choices to import outside Internet price files, data from Investor’s Toolkit and NAIC Stock Analyst, Captools software.
- Export: new choices to export IAM’s security price file or security list for use in other applications.
- Password: new feature to password protect Investment Account Manager.
- Preferences: new choices for using StockCentral.com as a stock data provider, configuring user-defined Internet sites, user mode (beginner or advanced), and optional home page settings.
Edit Menu:
- Choices for Copy, Transfer, or Remove a Security from the current portfolio.
Transactions Menu:
- Add, Edit, Delete Portfolio Transactions: new transaction types supported, including short sales, buy to cover, tax withheld. For options: opening sale, closing buy, assigned, exercised, expired.
- Download from Financial Institutions: automatically download monthly transaction activity from many leading online financial institutions.
- Import Transaction File (OFX, QFX) – for those institutions that do not offer automatic transaction download, import a compatible Open Financial Exchange file.
- Global Transactions, Stock Dividend: use this feature to globally apply a stock dividend to multiple portfolios owning the same asset.
Reports and Graphs Menu: New reports:
- Holdings Summary: lists securities according to percent of portfolio each issue represents in the portfolio.
- Upside – Downside: used to monitor the overall risk and reward expectations for a portfolio using one of BetterInvesting’s classic measurements of risk.
- Portfolio Summary: compiles portfolio transaction activity for a user-defined period, and derives the internal rate of return for the period, summarizing information used for the IRR calculation.
- Assets Under Management: two-page report that summarizes important details for multiple portfolios being monitored in Investment Account Manager.
- Commissions & Expenses: a useful auditing tool, summarizing the commissions and expenses paid for the portfolio transactions.
- Current Asset Library Detail: organizes and lists all the information stored for securities in Investment Account Manager.
- Exchanges, Mergers & Spin-offs: summarizes the information for these transactions, and is a good audit tool to verify accuracy.
- Short-Term to Long-Term Holding Period: a useful tax-planning tool, summarizing those security lots, based on user defined reporting period, within a portfolio that are about to become long-term as defined by IRS tax rules (greater than 1 year holding period).
- Batch Reporting: Batch Reporting allows users to produce a series of reports for a selected list of portfolios.
Asset Library Menu:
- Additional asset types: IAM now tracks these asset types: money market funds, cash equivalents, tax exempt bonds, corporate bonds, U.S. governments, U.S. agencies, mutual funds, common stocks, preferred stocks, options, other investments.
- Update Data, Stock Central: If you subscribe to the StockCentral.com data service, the necessary descriptive information for stocks as they are added to Investment Account Manager can be imported/updated automatically. This includes access to fundamental stock data such as dividends, earnings, stock sector, stock size, etc. for common stocks. Note: if you are using the trial version of Investment Account Manager, a 60 day temporary free subscription is provided to StockCentral.com’s data subscription.
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