How to Track Your Portfolio Across Multiple Brokers
If you invest in both UAE and international markets, you likely have accounts with multiple brokers. Perhaps you use a local broker for DFM and ADX stocks, and an international broker for US equities. This creates a challenge: how do you get a complete picture of your portfolio?
The Multi-Broker Challenge
Each broker provides its own app or portal showing your holdings with them. But none of them show your complete portfolio across all accounts. This fragmented view makes it difficult to:
- Understand your true asset allocation
- Track overall portfolio performance
- Monitor concentration risk
- Calculate total dividend income
Spreadsheet Approach
Many investors resort to manual spreadsheets. While this works, it requires constant updating and is prone to errors. You need to log in to each broker, note down current values, and update your spreadsheet regularly.
Portfolio Tracking Tools
Modern portfolio tracking tools can aggregate holdings from multiple sources, providing a unified dashboard. These tools typically support:
- Multiple broker connections
- Automatic price updates
- Performance tracking over time
- Allocation analysis
- Dividend tracking
What to Look For
When choosing a portfolio tracker, UAE investors should look for:
- Support for DFM and ADX stocks
- US and international market coverage
- Currency conversion for cross-border holdings
- Manual entry for private or illiquid holdings
- Dividend tracking capabilities
VestCompass is being built specifically to address these needs for UAE investors, with AI-powered insights to help you make sense of your complete portfolio.
Disclaimer: This article is for educational purposes only and does not constitute financial advice.