Effortlessly track clients’ trades with Sharesight and Desktop Broker

Disclaimer: The content of this article is provided for informational purposes only. It does not constitute, and should not be interpreted as, a recommendation or endorsement of any particular product or service. Readers are encouraged to conduct their own research and exercise their own judgment when making purchasing decisions. Sharesight shall not be held responsible for any consequences resulting from reliance on the information provided within this article.

Sharesight has integrated with Desktop Broker, allowing advisers to have their clients’ trading data automatically synced to Sharesight’s portfolio tracker. By having Desktop Broker trades automatically populated in Sharesight, advisers can effortlessly track their clients’ investment performance, benefitting from Sharesight’s intraday price and performance data, plus automatic dividend tracking. To learn more about the benefits of connecting your Desktop Broker account to Sharesight, keep reading.

What is Desktop Broker?

Desktop Broker is an easy-to-use trading platform with a premium support service and access to research and investment opportunities from Bell Potter. Key features include:

• Peace of mind – Established in 2007, Desktop broker is part of ASX-listed Bell Financial Group (ASX: BFG)
• Better insights – You get exclusive access to Bell Potter research and daily market commentary
• Better adviser support – Tailored solutions to grow your business from a team who understand adviser businesses
• Flexible brokerage – Low-cost trade execution on desktop or mobile
• A proven platform solution – Over 4,000 advisers already use Desktop Broker for their investment decision support and trade executions.

What makes Desktop Broker unique?

• Adviser set-up training, with access to trading support and account maintenance
• Smooth transition service for clients with broker sponsored holdings off-platform
• Direct share and IPO opportunities for your clients
• Proprietary technology, no reliance on third parties or offshore IT services
• Engineered to minimise risk of outages or cyber security data breaches.

“I like that the business is Australian, independent and committed to being around for the long term.”

Stuart Hudson, Director, Statton Advice

Why has Sharesight connected to Desktop Broker?

“At Sharesight, not only do we help individual investors track their performance and make better investing decisions, but we also make it easier for professional investors to track their clients’ wealth by automatically recording their trading data and providing a consolidated view of their investments,” says Sharesight CEO, Doug Morris.

“With thousands of Australian advisers trading on behalf of their clients using Desktop Broker, it made sense for us to integrate our software to supply advisers with superior performance data while also saving them time on reporting.”

Why you should connect Sharesight and Desktop Broker

Get comprehensive performance reporting

Sharesight shows the true picture of a portfolio’s performance by providing a total annualised return that takes into account the impact of capital gains, dividends, brokerage fees and foreign currency fluctuations. You also gain access to a powerful suite of performance reports designed to help you make better investing decisions, including performance, diversity, exposure, contribution analysis, multi-period, multi-currency valuation, sold securities and future income.

Connect Sharesight and Xero

Sharesight has partnered with Xero to provide a seamless solution between portfolio management and portfolio accounting. When you link Sharesight to Xero, details of share purchases, sales and dividends flow into Xero automatically, allowing them to be easily reconciled against bank statements and included in your overall wealth picture.

Never pay for more than you need

With Sharesight, you can easily oversee all your client and personal portfolios in one place, and only pay for what you need. Whether you track five portfolios or 500, you never pay more than $13.50 per portfolio, per month.

How to connect Sharesight and Desktop Broker

If you’re not already using Sharesight, you can get started by signing up for a free 30-day trial. Once you have a Sharesight account, you can use the following instructions to link Sharesight to your Desktop Broker account:

1. Send an email to support@desktopbroker.com.au and include your Desktop Broker account number and request the details required (username and password) for the Sharesight integration. Once received, log into Sharesight
2. Click on the ‘Account’ menu from any page in Sharesight and select the ‘Connections’ option. Then click ‘Add New Connection’ to add your Desktop Brokers account
3. Select ‘Desktop Broker’ in the connection type list and enter your Desktop Broker account name and the username and password provided to you by Desktop Broker.
4. Click ‘Create’. Your Desktop Broker connection will now show on the manage connections page
5. Return to the Overview page of the portfolio you wish to link to Desktop Broker and click the ‘Settings’ tab
6. Select ‘Integrations’ under Connection and choose the Desktop Broker connection under ‘Available Integrations’.
7. Select the connection you just set up and enter the client ID provided by Desktop Broker. From here you can select your email notification settings and choose whether or not to import historical trades.
8. Click ‘Create integration’.

For more information on establishing the connection between Sharesight and Desktop Broker, see our help page.

Get started with Sharesight and Desktop Broker

To get started using Sharesight’s portfolio tracker for financial professionals, sign up for a free 30-day trial.

Or if you’re already using Sharesight and would like to start trading via Desktop Broker, you can sign up here.