Introduction
In an ever evolving financial landscape, managing a portfolio of assets can be a particularly difficult task. There are constantly new products and services being introduced and keeping abreast of them all, let alone updating the values manually can be an arduous and time-consuming task.
Today we’re looking at Strabo, an innovative portfolio tracking platform that allows you to manage all of your investments around the world in one place. Using Open Banking technology, it connects to bank accounts, investment accounts, crypto wallets, property and more.
Main Dashboard
On login, you’re immediately greeted with a slick, Notion style dashboard that shows both the performance history of your portfolio, and a forecast based on a few configurable fields. You can also see a diversification score, a net worth ranking for your country, which is pretty neat, and the option to switch between currencies at the click of a button.
Key Features:
The investment analysis is cleanly presented, and you can filter between accounts, add tags to group them together, and pretty easily add accounts through an intuitive set of menus. We’d perhaps like to see quicker connections to some of these accounts, but it’s often difficult to collect so much data from different places in one go, so we can forgive a few minutes’ wait.
The investment table shows return on investment, allows you to manually add single line stocks by pulling the data from their ticker symbol, and also shows sub-accounts so you can split your holdings by stock, currency and more.
This is an early version so the analysis is pretty light, but there is scope to improve the net worth forecast, particularly for those that are looking to save or invest towards milestones like buying a house, going on holiday, retiring or saving for their kids.
Customisability:
One of Strabo’s core propositions, beyond the sheer number of connections available, is the customisability. Although this is light on the ground at the moment, there is scope to add your own configurable pages which will allow users to essentially build their own unique dashboards. This means that a landlord, stock market investor or crypto trader would all be able to use the same platform to build dashboards that show their own particular metrics of interest respectively.
Conclusion & Future Features:
Overall, Strabo is clean, well designed and easy to understand. We particularly liked the feedback system and found the team to be responsive when the small bug we encountered did arise. We’re staying signed up for the medium term at least, and are excited to see what features emerge when the forecasting and portfolio analysis tools are built out a bit more, and when those customisable pages become available for the basic tier users. Pricing seems fair, although we stuck to the basic tier, and will be interested in seeing which premium features become available over the coming months.
