Blaze Portfolio - Top Competitors (Apr 2023)

Shlomi Lavi / updated: Apr 07, 2023

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Blaze Portfolio vs. Alternatives in 2024

Blaze Portfolio is a comprehensive investment management platform designed for wealth managers, financial advisors, and institutional investors. While there are several alternatives to Blaze Portfolio, each platform has its own unique features, pricing, vendor size, customer type, and cost of implementation. Here are 5 alternatives to Blaze Portfolio and a comparison of their key features and characteristics:

1. Black Diamond: Black Diamond is an investment management platform designed for wealth management firms and financial advisors. The platform offers portfolio management, trading, rebalancing, and reporting tools, as well as a range of third-party integrations. Black Diamond offers flexible pricing based on the number of accounts and portfolios managed. The platform is owned by SS&C Technologies, a large software vendor with a broad range of financial technology offerings.

2. Envestnet | Tamarac: Envestnet | Tamarac is an investment management platform designed for registered investment advisors (RIAs). The platform offers portfolio management, trading, and reporting tools, as well as a range of integrations with third-party software providers. Envestnet | Tamarac offers flexible pricing based on the number of accounts and portfolios managed. The platform is owned by Envestnet, a large financial technology company that offers a range of investment management and advisory services.

3. Orion Advisor: Orion Advisor is an investment management platform designed for financial advisors and wealth management firms. The platform offers portfolio management, trading, rebalancing, and reporting tools, as well as a range of integrations with third-party software providers. Orion Advisor offers flexible pricing based on the number of accounts and portfolios managed. The platform is owned by Orion Advisor Services, a large technology provider for financial advisors.

4. Morningstar: Morningstar is an investment research and management platform designed for individual investors and financial advisors. The platform offers a range of tools for researching and analyzing investments, as well as portfolio management and reporting tools. Morningstar offers a range of pricing plans, including a free plan for individual investors and paid plans for financial advisors. Morningstar is a large financial technology company with a broad range of offerings.

5. eVestment: eVestment is an investment management platform designed for institutional investors, such as pension funds and endowments. The platform offers portfolio management, reporting, and analytics tools, as well as a range of third-party integrations. eVestment offers custom pricing based on the size and complexity of the client's portfolio. The platform is owned by Nasdaq, a large financial technology company.

In terms of similarities, all of these platforms offer portfolio management, reporting, and analytics tools. They also offer integrations with third-party software providers and offer flexible pricing based on the number of accounts and portfolios managed.

In terms of differences, Blaze Portfolio is designed for a range of investment professionals, including wealth managers, financial advisors, and institutional investors. It offers advanced risk management tools and collaboration features. Black Diamond is owned by SS&C Technologies, while Envestnet | Tamarac is owned by Envestnet, and Orion Advisor is owned by Orion Advisor Services. Morningstar is primarily designed for individual investors and financial advisors, while eVestment is designed for institutional investors.

In terms of cost of implementation, each platform may have different fees associated with onboarding, training, and support. The cost of implementation will vary depending on the size and complexity of the client's portfolio.

Blaze Portfolio's Free Alternative

Yahoo Finance offers a range of portfolio tracking tools, including the ability to track stocks, funds, and ETFs. It also provides basic portfolio analytics such as performance metrics and risk analysis. However, it may not offer the same level of customization or risk management tools as Blaze Portfolio.

Blaze Portfolio Best Alternative for Small Business

SigFig is an investment management platform that offers personalized investment advice and portfolio tracking. It also provides access to a team of financial advisors for a fee. While it may be more expensive than Robinhood, it offers more advanced features such as tax optimization and goal-based investing. This makes it a good fit for small businesses that are looking for a more comprehensive investment management platform.