Best Model Portfolio Tools for Financial Advisors (2025)
July 28, 2025
TL;DR: If you’re a financial advisor looking for software to build and track model portfolios, Koyfin is a leading alternative to legacy tools like FactSet, Morningstar, and YCharts.
Why: Koyfin combines advanced portfolio management features with an interface that’s faster and easier to use, making it a modern alternative to traditional platforms without the cost or complexity.
Key features:
- Build and customize multi-asset model portfolios
- Rebalance allocations (via CSV or manually)
- Manage long/short or multi-sleeve models
- Add public or custom tickers
- Compare performance to custom benchmarks
- Analyze risk (Sharpe ratio, beta, drawdown)
- Drill into exposure by sector, asset class, region, and underlying holdings
- Export branded, client-ready reports
Read the full breakdown of Koyfin’s model portfolio features
Introduction
Managing model portfolios helps financial advisors apply consistent strategies across clients, rebalance efficiently, and monitor performance, risk, and exposure with clarity. The right software streamlines each step of that process.
This article compares the top model portfolio tools of 2025 and explains how they support core advisor tasks like portfolio construction, rebalancing, performance tracking, and client-ready reporting.
Quick Comparison of Model Portfolio Tools for Advisors
Tool | Best For | Strengths | Approx. Price |
Koyfin | Small and mid-sized RIAs | Intuitive interface, rebalancing, custom benchmark comparisons, risk metrics, exposure, client-ready reports | $2,508/year |
Portfolio Visualizer | Quant Analysts | Historical performance analysis, asset allocation charts, Monte Carlo tools | $650/year |
Kwanti | Solo advisors needing basic analytics | Risk scoring, PDF exports, model diagnostics | $2,200/year |
YCharts | Advisors focused on stocks | Stress testing, charting tools, model comparisons | $6,000/year |
FactSet | Enterprise | Advanced attribution, third-party model access, deep analytics | $12,000/year |
Model Portfolio Software Feature Comparison
Koyfin | Portfolio Visualizer | Kwanti | YCharts | FactSet | |
Portfolio Construction | |||||
Long/short & leveraged portfolios |
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Custom rebalancing |
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Custom benchmarks |
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Performance & Risk Analysis | |||||
Return calculations |
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Performance vs. benchmark |
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Risk metrics (Sharpe, Beta, Drawdown) |
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Drawdown chart |
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Volatility metrics |
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Risk vs. reward scatter plot |
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Exposure & Holdings Breakdown | Koyfin | Portfolio Visualizer | Kwanti | YCharts | FactSet |
Sector, region, and asset class exposure |
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Credit & maturity allocation |
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Fund look-through (X-ray) |
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Equity concentration risk |
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Client Reporting | |||||
Side-by-side portfolio comparisons |
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Custom report templates |
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Branded client reports |
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6 Best Software for Model Portfolio Management
Koyfin: Model Portfolios for Financial Advisors
Best for: Small and mid-sized RIAs looking for a modern, flexible way to build, analyze, present, and manage model portfolios.
Why It Stands Out: Koyfin combines institutional-quality data with fast, intuitive workflows without the complexity or high cost of legacy platforms. Advisors can build model portfolios, track allocations, analyze risk, and generate polished, client-ready reports.
Key features:
- Manual or CSV-based rebalancing
- Long/short and multi-sleeve models
- Public and custom tickers
- Custom benchmark comparison
- Performance charting
- Risk analysis (Sharpe, Sortino, beta, drawdown)
- Exposure breakdowns (sector, asset class, region, X-ray)
- Branded, client-ready reporting
- Model portfolio and report template sharing
Limitations:No support for corporate or municipal bonds; options data not yet available.
Pricing: Starts at $2,508/year (Advisor Core plan)
Koyfin Portfolio Performance Comparison
Koyfin allows advisors to customize the columns displayed in the model portfolio table to compare multiple portfolios side-by-side with performance metrics like total returns, annualized returns, and relative returns. This feature helps advisors see how different portfolios stack up against each other.
Performance Chart enables advisors to easily compare portfolio performance against benchmarks over customizable time frames, with options to view cumulative returns, portfolio growth, or rolling returns.
Koyfin’s Support for Long/Short and Leveraged Portfolios
Add negative weights for short positions, allocate over 100% to use leverage, and dynamically adjust the allocations over time.
Koyfin Sleeve Support for Flexible Model Design
Sleeves functionality in model portfolios allows financial advisors to combine smaller portfolios, or “sleeves,” into a larger one. This helps customize client portfolios, simplifies rebalancing, and provides a clear view of performance and risk.
Koyfin’s Tools for Analyzing Portfolio Diversification
The Exposure Analysis tool clearly breaks down asset allocation across categories such as asset classes, sectors, countries, and bond credit quality. This allows advisors to evaluate portfolio diversification and identify areas of over-concentration. The Holdings Contribution table shows the impact of individual holdings, enabling adjustments to optimize performance.
How Koyfin Supports Comprehensive Risk Analysis
Get a detailed view of portfolio performance and risk. Key metrics like annualized returns, beta, alpha, Sharpe ratio, and maximum drawdown help understand volatility and risk-adjusted returns. There are also Top Drawdowns, Stress Test analyses, and a Drawdown Chart to assess portfolio resilience and recovery from past losses.
Equity Concentration Risk
Holdings Matrix makes it easy to see how much of each stock is held within a portfolio, both directly and through other funds. This feature helps advisors spot when too much concentration.
Koyfin Custom Reports for Financial Advisors
Koyfin’s reporting functionality offers customizable client reports with branding options. Advisors can choose templates or create their own, covering portfolio comparisons, equity and fixed income exposure, performance metrics, and risk assessments. Reports can easily compare current and proposed portfolios against benchmarks. This user-friendly design simplifies sharing, improving client communication and trust.
Why is Koyfin the best model portfolio tool for advisors in 2025?
Koyfin combines advanced model portfolio management features with an interface that’s faster and easier to use, making it a modern alternative to traditional platforms without the cost or complexity. Over 2,700 financial advisors are currently using Koyfin’s model portfolios to build, compare, and explain investment strategies.
“Koyfin helps me determine which securities to use for clients and to analyze model portfolios. I was using YCharts, and Koyfin can do everything YCharts can do at a much more competitive price. I’m excited about this tool going into 2025.”
— David Warshaw, President, The WealthPlan LLC
(as posted on G2)
Why More Advisors Are Switching to Koyfin
- Import client data from custodian & PMS integrations, or upload from PDFs
- Track exposure and risk across accounts, portfolios, and households
- Compare current and proposed portfolios side by side
- Share clean, branded reports that clients understand and trust
- Answer questions live with fast-loading charts and clear analytics
- Move quickly from research to proposal in one connected platform
- Work faster with a UI advisors say is easier to use than FactSet, Morningstar, or YCharts
Voted Best Value by Financial Advisors
In the Kitces AdvisorTech Report, financial advisors rated Koyfin highest for value relative to cost, with a score over 9.5 out of 10, ranking above FactSet, YCharts, Morningstar, and Bloomberg Terminal.
FactSet
Best for: Large RIAs, banks, and institutional teams that need deep analytics, access to third-party model portfolios, and robust attribution tools.
Why It Stands Out: FactSet offers advanced portfolio analysis, backtesting, and optimization within a powerful workstation used by institutional asset managers. It’s ideal for firms that need detailed attribution and access to strategy-driven model portfolios.
Key features:
- Access to third-party model portfolios from leading asset managers
- Portfolio comparison and performance attribution tools
- Advanced backtesting and scenario simulation
- Portfolio optimization and rebalancing
- Coverage of corporate and municipal bonds, plus macroeconomic data
Limitations:
- Steep learning curve and complex UI
- No web-based version
- High cost not suited for smaller firms or solo advisors
Pricing: ~$12,000/year (Free trial available via sales contact)
YCharts
Best for: Mid-sized RIAs and advisors focused on equity research and model comparisons within the U.S. market.
Why It Stands Out: YCharts combines strong visual tools with model tracking, backtesting, and performance reporting. It’s built for advisors who want detailed charts and data-driven comparisons, especially around U.S. equities and funds.
Key features:
- Asset allocation modeling and comparison
- Stress testing and risk scenario analysis
- Custom benchmark creation
- Performance backtesting and return attribution
- Fundamental charting and data visuals
Limitations:
- Limited equity coverage outside the US
- No mobile app
- Few branding/customization options in reports
- Higher price and some onboarding friction for new users
Pricing: ~$6,000/year
Kwanti
Best for: Solo advisors and small firms focused on building risk-aligned proposals using quantitative portfolio analytics.
Why It Stands Out: Kwanti offers deep portfolio diagnostics with a focus on asset allocation, backtesting, and proposal generation. It’s designed for advisors who want detailed risk-return analysis and stress testing to support investment recommendations.
Key features:
- Asset allocation and sector/style breakdowns
- Risk modeling and stress testing
- Historical performance and backtesting
- Custom benchmarks and optimization tools
- Proposal generation with PDF reporting
- Custodian integrations for live portfolio data
Limitations:
- Limited branding and customization in reports
- UI can feel clunky or dated
- No equity research or security-level insights
- No mobile app
Pricing: ~$2,200/year
Nitrogen
Best for: Advisors who prioritize aligning portfolios to client risk tolerance and want simple, automated workflows.
Why It Stands Out: Nitrogen is built around its proprietary Risk Number®, helping advisors assess client comfort levels and align portfolios accordingly. It streamlines proposals and automates rebalancing, making it ideal for planning-first advisors who value simplicity and risk alignment over deep analytics.
Key features:
- Risk assessment and client-facing Risk Number® scoring
- Automated portfolio construction based on risk profile
- Proposal generation and side-by-side comparisons
- Built-in rebalancing tools
- Simple, user-friendly interface for client meetings
Limitations:
- Limited portfolio customization and optimization tools
- Less emphasis on quantitative analysis or research features
Pricing: Not publicly disclosed; custom pricing available upon request.
Portfolio Visualizer
Best for: Independent advisors, analysts, and investment researchers focused on backtesting, asset allocation, and portfolio optimization.
Why It Stands Out: Portfolio Visualizer offers robust tools for historical analysis, asset allocation modeling, and Monte Carlo simulations. It’s ideal for advisors who want to test strategies, analyze factor exposure, and optimize risk-adjusted returns with minimal cost.
Key features:
- Historical portfolio backtesting and return analysis
- Monte Carlo simulations for forward-looking risk scenarios
- Asset allocation and tactical model testing
- Factor-based regression and risk attribution
- Optimization based on volatility, Sharpe ratio, or custom constraints
Limitations:
- No real-time or daily pricing data
- Limited reporting and branding options
Pricing: $650/year
FAQ
- What should I look for in a model portfolio tool?
Consider factors like ease of use, customization options, depth of analysis (risk, performance, attribution), reporting capabilities, and cost.
- What is the best model portfolio software for financial advisors?
The best model portfolio software depends on your workflow and firm size. Koyfin stands out for advisors who want a fast, flexible way to build, track, and report on model portfolios without the complexity of platforms like FactSet or YCharts. It offers deeper customization, better visuals, and smoother workflows at a more accessible price point.
- Does Koyfin support rebalancing and benchmark comparisons?
Yes. You can rebalance model portfolios manually or by uploading a CSV. Koyfin also supports performance comparisons to custom or blended benchmarks, so you can track how your models perform over time or against client portfolios.
- Can I share model portfolios or reports with clients?
Yes. You can export branded PDF reports that include performance, allocation, and holdings views. You can also share models directly with clients or teammates to support collaboration and transparency.
- Does Koyfin integrate with custodians or portfolio management systems?
Yes. Koyfin supports integrations with Altruist, Schwab, TradePMR, and Black Diamond.
- Does Koyfin offer household-level portfolio reporting?
Yes. Koyfin lets you group portfolios under households and generate reports at the household level. This helps advisors show a full picture of investment exposure and performance across related accounts or family members.
Editorial note
Our insights are derived solely from historical information and analyst predictions, employing an impartial approach. Please note that our articles do not serve as financial guidance.
