A newly launched portfolio management program has been designed for home use by investors.
Manage Invest has been developed by Melbourne software house MySF over a period of 18 months.
MySF general manger Kristian Kish said the program was launched to help investors who manage their own portfolios to keep their records in one program.
“The program helps to make sure that investments perform well, ensures that investors become more aware of the risk profile of their portfolio and keeps investors’ information organised,” he said.
While the program can handle some managed funds, it is designed mainly to handle information on share portfolios, although some other asset classes such as property can be added.
For stocks, dividends, bonus unit issues, consolidations and scrip-for-scrip rollovers can be processed and capital gains calculated automatically.
“Potential capital gains for each parcel of stocks within a holding are shown while the sale is being entered,” Kish said.
“This enables users to allocate the number of units sold in a way that optimises the results in terms of capital gains and losses.”
The program has tax modules for Australia and New Zealand as well as US, UK, Canada and Hong Kong.
Kish said the program delivers reporting information in a variety of charts, reports and screens to enable the investor to drill down into data about their portfolio.
“Manage Invest also helps investors succeed by enabling them to identify how the various components of their portfolio have contributed to their overall performance,” he said.
“This allows investors to identify good and bad advisers based on the performance of their recommendations [and] the costs incurred in receiving those recommendations.”
The program is suitable for self-managed super fund trustees, although Kish said the company’s first product — MySF Manager — had features that were more suitable to running a fund.
