Market Watchlist Tools - Stocks and Funds - Financial Advisers
From our research, 11 notable tools for financial advisers were identified: Lightspeed Trading, Briefing.com, Finviz* Elite, Bloomberg Terminal, Quotestream, JStock, MarketWatch, Scottrade Advisor Services, Stock TickerPicker, Worden, and eSignal. Below is the detailed list with brief description for each tool, as well as their website. The list consists of both app-based and web-based products. METHODOLOGY
To compile this list, we looked at articles from trusted sources written for and by financial advisers, not articles written for individual investors. We then vetted each tool to ensure that it does include market watch lists and tracking for stocks and funds, not just cryptocurrency tracking. These 11 tools are all currently operating in the market.
Most market watch list tools for financial advisers are observed to fall into one of two categories:
1. They are robust tools for professionals that include many features beyond just market watch lists.
2. They are tools for everyone to use — not just financial advisers.
Within the second category, we stayed away from listing tools that are clearly for individuals, and instead only listed tools that are either routinely recommended for professionals (like JStock) or tools that have a "professional" version, not just free/individual versions.
MARKET WATCHLIST TOOLS
I. TOOLS FOR EVERYONE
Lightspeed Trading is a trading platform recognized by many industry experts (Deloitte, Inc.5000, StokeBroker.com) as a leader for active trading, including being voted multiple years in a row by Barron's as the Best Broker for Frequent Trading and voted by StockBrokers.com as #1 in Active Trading. They have several tools available for both individuals and professional users, including Light Speed Trader, Sterling, Livevol X, RealTick Pro, Web/Mobile Trader. In LightSpeed's platforms comparison, while all these 5 platforms can be market watchlist tools, the best ones for active and professional traders are Light Speed Trader, Sterling, Livevol X, RealTick Pro.
Briefing.com provides independent, live market analysis of the U.S. and international equity markets for both individual investors and institutional professionals. It is a reliable tool for traders, as it has been recognized by different industry experts (Barron's, Forbes). You can find the full list of the website's awards here. Briefing offers 3 services: Briefing In Play (its basic market coverage service for individual investors), Briefing In Play Plus (its most popular streaming service for financial pros and active investors) and Briefing Trader (its premier streaming service for active traders). Therefore, financial advisers can use either Briefing In Play Plus or Briefing Trader for their research. For complete reference, a full comparison of Briefing's all three services can be found here.
Finviz.com, or Financial Visualization is a free tool providing market maps, advanced stock screeners and analysis tools for both individual investors and financial advisers. The site also includes a paid upgrade — Finviz* Elite, which is suitable for active investors. Finviv* Elite's tool is for financial advisers managing 100 portfolios or fewer. At the bottom of Finviz* Elite's web page you can find different professional traders using Finviz.
JStock isn't limited to just professionals, but it is one of the most-used apps out there for traders, and listed on several "top" lists for pros and individuals alike, so it is worth including on this list. This tool includes stock watchlists, alerts, indicator filters, charting, and more.
Like JStock, this is not an app that is solely for financial advisers, but it is so commonly used by everyone and included on top lists that it is worth including on the list.
Stock TickerPicker is a tool for both individuals and financial advisers, but it has the capability for unlimited nested watch lists, which makes it ideal for tracking multiple stocks for multiple portfolios at once.
This tool has both desktop and mobile options. Worden was voted " the best software under $500" in 2017 by Stocks & Commodities Magazine. Their version 16 includes "manual sorting of personal watchlists" as well as real-time data, alerts, custom charting tools, and an easy-to-use layout. More about the tool's features can be found here.
II. ROBUST TOOLS
Bloomberg Terminal is Bloomberg's professional services offering. They have both PC and mobile tools, which use real-time data. Bloomberg is a trusted site for financial advisers, as it is "sitting on the desks of 325,000 of the world’s most influential decision makers."
Quotestream Professional was designed to meet the specific needs of Financial Industry Professionals, offering fast, reliable, comprehensive market data, analysis and research information, along with unparalleled functionality, in the most advanced and user-friendly application on the market.
Scottrade Advisor Services is built for registered investment advisers, "for institutional use only". This page has more information about Scottrade Advisor Services's stock-related features. It's a very robust tool and market watch features are just a part of the offering.
eSignal is a very robust product, it is more than just a market watch list. However, all of eSignal's products, as outlined on this page, include market tracking features. This page is a great comparison between the products.
CONCLUSION
To sum up, there are 7 market watchlist tools that can be used by both individual and financial investors: Lightspeed Trading, Briefing.com, Finviz *Elite, JStock ,MarketWatch, Stock TickerPicker, and Worden and 4 market watchlist tools that are multi-functional for financial advisers: eSignal, Scottrade Advisor Services, Quotestream, Bloomberg Terminal. Please note that these categories' division is quite relative, as most of the tools included are multi-functional. A single Wonder list comprises at least 10 items, and if you need more entries, you can submit a new request and we'll pick up where we left off.