Does anyone have experience with brokers that make it easy to match an actual trading account with multiple portfolios?
Is there a broker that offers groupings of stocks that can be set up to parallel Portfolio123 ports? I use Scottrade and their Elite software. I have one account holding the stocks for multiple 123 portfolios. I am always going through a balancing exercise trying to look at the performance of a 123 port and seperate it out of the total in my brokerage account.
I want to look at a sub account or account that has the stocks for a given 123 port. I would know I started the sub account and the 123 port with 100K, for example, and the balance in the account tells me immediately how the 123 port is doing. I also know if the brokerage account is close to the port123 port in total dollars. If I run 5 ports I need 5 sub accounts or accounts. It sounds simple to me and I am sure the feature is available. I do know that Scottrade cannot handle it. They won’t allow more than 3 accounts. They can “link” the 3 accounts but can’t go over 3.
In the threads there has been discussion about grouping 123 ports so you can look at the total return of multiple ports. This is kind of the same concept but at the brokerage level. Anyone have a suggestion?
