The world of online portfolio management has seen a lot of turbulence lately. From the Equifax breach to Google Finance’s recent announcement that it will no longer house your portfolio, many investors have been left scrambling to find better ways to protect and manage their financial information.
Both of these companies (and many others) use a cloud-based platform to store your personal information, leaving it vulnerable to attack from hackers around the globe. This is precisely what happened with Equifax, and could be what Google is trying to prevent from happening by shutting down its portfolio service in November.
The Equifax breach was discovered July 29, 2017, but had been going on for months before that. The stolen information includes social security numbers, birthdays, addresses and much more. It is expected to affect more than half of the U.S. population, and not just Equifax customers. Because Equifax is a credit reporting agency that has access to the information to determine a person’s credit score, everyone is at risk.
Google Finance recently announced that “in an ongoing effort to make Google Finance more accessible and user-friendly for a wider-audience… the Portfolios feature will no longer be available as of November 2017.” Users are asked to download your portfolio now to keep a copy for your records.
Both of these developments have left people wondering: “How do I keep my information safe?” Where do I go now?” “Who can I trust with my financial information?” and the answer to all of those questions is YOU. YOU can keep your information safe using a portfolio management software that is stored securely on your computer, and nowhere else. YOU can manage your portfolio on your own with the right tools and the right customer service. And YOU are the only one that needs to know the details of your finances. The perfect tool for YOU is Investment Account Manager.
With Investment Account Manager, you take the power back into your own hands. With a large array of tools, IAM provides a centralized portfolio platform for stocks, exchange traded funds, options, bonds, mutual funds, cash and more. IAM is your trusted partner is securing your financial future. And switching is easy!