4 reasons to use consolidated views in Sharesight

by Prashant Mohan, Chief Marketing Officer, Sharesight | Jun 28th 2023

As a sophisticated investor, you likely have multiple portfolios. This can make it difficult to track your performance and make informed investment decisions. By using Sharesight’s consolidated views feature, you can consolidate all of your portfolios into one single view, making it easy to see your overall performance and identify areas for improvement. Keep reading for more information on the consolidated views feature and how you could benefit from using it in your Sharesight portfolio.

Consolidated view Sharesight2

1. Get a comprehensive overview of your investments

The consolidated view provides a comprehensive overview of your investment portfolio, including all your holdings, transactions and performance metrics. This allows you to see your overall investment performance and make more informed decisions.

For example, if you have a setup whereby your spouse and kids all have Sharesight portfolios and have shared their portfolios with you, or if you have set up their portfolios as different entities, you can consolidate all the holdings across these portfolios into a single view – which is the consolidated view for your family.

Consolidated view Sharesight6

A snapshot of a consolidated view of three portfolios in Sharesight. To create a consolidated view, simply click into your portfolio’s dropdown menu on the top right-hand side of the page and select ‘Create consolidated view’.

Consolidated views portfolios

If the same asset is held across multiple portfolios, you may also want to toggle on ‘Combining Holdings by Code’ (located above the graph on your Overview page) to condense them into one line item on the Overview page of your consolidated view.

2. Better insights

By consolidating your portfolios, you can gain better insights into your overall investment strategy. This is because it allows you to clearly see which investments are performing well and which are underperforming, and make adjustments accordingly.

Once you have created a consolidated view, you can use the following reports to drill into the performance of the consolidated portfolio:

  • Performance report: This report shows the total return, annualised return and relative performance of each portfolio.

Performance report Consolidated view

  • Diversity report: This report shows how diversified the consolidated portfolio is.

Diversity report Consolidated view

  • Future income report: This report shows all the upcoming (declared) dividends across your portfolio. Or alternatively, if you want to calculate your dividend income across your consolidated portfolio, you can use it to look back over any date range to see a summary of your dividend income.

Future income report Consolidated view

An example of the future income report being used to see upcoming announced dividends for a consolidated portfolio.

Future income report monthly dividend income consolidated view

Sharesight’s tax reports are not available on a consolidated view, however it is possible to use the future income report on a consolidated view and track your dividend income during any past period of your choice.

3. Benchmark one portfolio against one another

As an investor, you might have an idea of an ideal or a model portfolio in mind. By adding this portfolio to your consolidated view, you can use this portfolio as a "benchmark", comparing and contrasting the performance between different portfolios.

Performance report benchmarking portfolios 3

A redacted image comparing three portfolios with the performance report. To "benchmark" portfolios against each other, simply run the performance report and select “Grouping by Portfolio” in the dropdown menu at the top of the report.

4. Save time

Consolidated views can save you time by eliminating the need to toggle through to multiple portfolios to view your portfolio performance. This is especially helpful if you have a large number of portfolios.

Things to note about consolidated views

  1. You can only consolidate portfolios that are in the same tax residency.

  2. When you use the "Combining Holdings by Code", the link to the holdings is greyed out and you can access the individual holding via the dropdown next to it.

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