Are There Tools and Resources for Employees to Set Up and Manage Investment Portfolios?

Nov 29 / Peter Waitzman

Investing can be a great way to build wealth and achieve financial goals. However, setting up and managing an investment portfolio can take time for many employees. Fortunately, several tools and resources are available to help employees navigate the world of investing and build a diversified portfolio.

6 Tools and Resources for Employees to Set Up and Manage Investment Portfolios

  1. Online Brokerage Platforms

One option for employees looking to invest is to use an online brokerage platform. E-TRADE and Charles Schwab are popular platforms allowing users to trade stocks, options, and other securities. They provide research tools, educational resources, and a user-friendly interface. Employees can create and manage a customized investment portfolio with these platforms independently.

  1. Robo-Advisors

Another option is to use a robo-advisor, which uses algorithms to create and manage a diversified investment portfolio for users based on their risk tolerance and financial goals. Wealthfront and Betterment are two well-known robo-advisors that automate the investment process, creating and managing a portfolio of low-cost ETFs based on individual preferences. Robo-advisors are an excellent option for employees who want a hands-off approach to investing.

  1. Personal Finance Apps

Personal finance apps like Empower Personal Wealth (formerly Personal Capital) and Mint allow users to track their investment portfolios and provide insights into their financial picture. Empower Personal Wealth offers both investment management and financial planning tools. Users can link their investment accounts and track their portfolio performance. Mint is primarily a budgeting tool and allows users to track their investment portfolios.

  1. Educational Resources

Investing can be complex, with many investment strategies and principles to learn. Fortunately, several educational resources are available to help employees understand the world of investing. Investopedia and Morningstar are comprehensive online resources that provide educational content on various investment topics. They can help employees understand investment principles and strategies.

  1. Company Retirement Plan Platforms

If your employer offers a retirement plan, such as a 401(k) or 403(b), the associated platform often provides tools for managing investments within the retirement account. Employees can usually select from various investment options and manage their assets through an online portal.

  1. Financial Advisors

For personalized advice, employees can consult with financial advisors. These professionals can guide clients in setting up and managing investment portfolios based on individual financial situations and goals. They can also help employees navigate complex investment strategies and provide recommendations on investment options.


In conclusion, several tools and resources are available for employees to set up and manage their investment portfolios. Employees have many options, whether it's an online brokerage platform, a robo-advisor, a personal finance app, an educational resource, a company retirement plan platform, or a financial advisor. Employees must assess their financial goals, risk tolerance, and investment knowledge before selecting an investment tool or resource. Additionally, employees should be aware of fees associated with investment platforms and consider seeking advice from financial professionals when needed. Employees can build a diversified investment portfolio and achieve financial goals with the right tools and resources.