Building a Financial Aggregator: How to See All of Your Accounts in One Place

“Diversify!” they said.

“It’ll be fun!” they said.

Yet here you are trying to remember the password for that third brokerage account you just opened, spending 30 mins a day checking on all your scattered crypto investments, and obsessively Googling “WTF is an NFT?”

While diversification truly is a great way to grow and protect your wealth, it works best when done with the help of some key management tools.

To make sure your widely diversified portfolio is working for you and not the other way around, it’s time to build out a financial aggregator that will give you a digestible snapshot of your important financial accounts and assets so you can always make informed decisions.

And with a little help from the team here at Kubera, it actually will be fun this time.

But first, a little background on the ins and outs of financial aggregator systems.

What is a Financial Aggregator?

The term “financial aggregator” is a broad one that applies generally to tools that pull a bunch of financial data into a single place.

In this case, we’re talking more specifically about consumer-facing platforms that help people compile as much of their financial information as possible in a singular dashboard.

This information often includes a summary of accounts ranging from banking to credit cards to investments.

Depending on the aggregator, it might also include ways to keep your finger on the pulse of more alternative investments, such as crypto, collectible artwork, real estate, and so on.

What’s the Point of a Financial Aggregator?

At their core, the whole point of financial aggregators is to give you insight into what’s going on with your assets and accounts.

Why is it so important to know this information?

There are plenty of benefits of keeping a close eye on your finances:

Knowing the ins and outs of your finances gives you a clear view of your total net worth, which is a singular number that can help you determine and track the overall health of your wealth
You’re better able to diversify when it’s easy to see at a glance which industries and asset types you’re already invested in
When you know where your money is and what it’s doing, you can make smart decisions that move it toward your goals
Having a clear view of your money situation can put you in control and ease a lot of anxiety around your finances

What Can Happen If I Don’t Have a Good Financial Aggregator?

We’ve said it time and time again — diversification is overall a good practice.

However, the downfall of diversification is that it can lead to an overwhelming amount of financial information that’s so scattered that you aren’t able to manage it well.

And that can cause some real problems.

Assets Are Out of Sight, Out of Mind

You know that mixture of regret and joy you feel when you re-discover that expensive piece of clothing hiding in the back of your closet?

It’s the same way when it comes to your finances.

When you have a ton of assets and accounts that you aren’t effectively tracking and managing in a single place, chances are you’re not optimizing them to their fullest potential — and that means you could be leaving money on the table!

Fees Pile Up — And Add Up

Ah, fees — the bane of every investor’s existence.

While it’s probably impossible to eliminate fees from your financial life completely, it’s very possible there are a few that you can get rid of that you don’t even know you’re paying!

Old retirement plans you never rolled over, abandoned investment accounts, bank account maintenance fees you forgot to negotiate down, and other fees can really cost you.

It’s especially important to monitor your fees when it comes to the percentage-based ones, which financial institutions use specifically because they’re deceptively “affordable.”

For example, a 2% management fee — which is pretty common among investment firms — can easily eat up tens of thousands of dollars over the years.

You May Not Be as Diversified as You Think You Are

Lots of accounts and assets do not a diversified portfolio make.

Diversification doesn’t just mean a lot of things — it means the right number of different things.

Without seeing all of your financial elements laid out in front of you, how can you be sure your money is effectively invested in places that will help grow it and protect it from market fluctuations?

In addition, how can you make sure your next investment is a smart, diverse one and that you’re not making the mistake of putting too many eggs in one basket?

A productive diversification strategy can be pretty hard to pull off without the snapshot view of your finances that a financial aggregator provides.

Wasting Your Precious Time

The final nail in the coffin is the pure waste of time that results from monitoring your finances across dozens of different websites and platforms.

And it never gets better. In fact, the more complex and diverse your portfolio gets, the more time you’ll be wasting manually tracking and managing it.

You really don’t need to spend your precious time remembering passwords and logging into various accounts every single day when there is a solution that literally caters to streamlining this part of your life.

So let’s talk about that solution — building a financial aggregator.

How to Build an Effective Financial Aggregator with Kubera

Wait, building your own aggregator?!

We promise it’s not as hard as it may sound, as long as you have the right processes and tools to make it a reality.

Keep reading for our recommendations on both.

Part 1: Round Up Your Financial Accounts and Assets

First things first, it’s time to account for everything you want to track using your financial aggregator.

This is as simple as creating a spreadsheet that lists out all your financial accounts and assets as well as the pertinent information you need to get them added to your aggregator — such as the passwords for accounts, the current estimated value of assets, and so on.

We’re not gonna lie, this part is gonna take you some time and effort. But the good news is, the next part won’t be as hard!

Part 2: Add Them to Kubera’s All-in-One Financial Aggregator

Alright, here’s the fun part we promised earlier — using Kubera to simplify aggregating and tracking all your financial information.

Kubera is an all-in-one financial aggregator that automates the process of adding accounts and assets, enables users to create a custom dashboard, and even provides a complete financial overview — complete with insights.

Here’s how to use it to see and manage all of your accounts from one easy-to-use platform.

Create Your Account

To get started just visit kubera.com, use the Sign Up button in the upper right corner, input some simple profile information, and then it’s time to start adding assets!

(You can even create multiple portfolios within a single Kubera profile, but we’ll just focus on building out your first one here — you can always replicate these steps on your next portfolio!)

Connect Your Accounts

Bank, brokerage, crypto, and beyond — no matter the account type or the location, Kubera’s robust infrastructure can handle it. (Seriously, check out all the institutions we work with here.)

It just takes a few clicks to connect your accounts so they can start automatically updating and you can see your balances, real-time, any time.

Track Your Individual Stocks and Coins

Any individual stocks and coins that couldn’t be connected in the last step can still be tracked using Kubera’s unique tickers.

All you have to do is look up and select the right tickers to start tracking stock and coin values right alongside your financial accounts.

Add the Rest of Your Assets

In addition to our integrations with tons of financial institutions, Kubera also partners with leading asset experts (EstiBot, Zillow, etc.). That means you can add your real estate, vehicle, and even domain investments to always see their real-time value at a glance.

And don’t worry, we didn’t forget about all those other not-so-easy-to-keep-track-of assets. You know, things like gold and jewelry, antique furniture that’s been passed down through the family, and so on.

For those, Kubera’s flexible, spreadsheet-like fields enable you to enter an asset’s information and value so you can track them the same way you do your bank account.

Set Your Preferred Currency

Finally, it’s time to choose your currency. Kubera will automatically convert any assets you add from their “native currency” to your preferred one.

Remember that note earlier about creating multiple portfolios within a single Kubera profile? You can set a different preferred currency for each of these portfolios.

Enjoy the Insight That Comes with an Effective Financial Aggregator

Now, you can sit back and enjoy the fruit of your labor using Kubera to set up your very own financial aggregator.

Our recap screen gives a helpful visual so you can check on your allocation, portfolio performance, and of course keep an eye on your net worth.

‍For an animated walkthrough of Kubera in action, check out the How Kubera Works page on our website.

There’s no shame in wanting a little help managing your wealth assets — in fact, it’s the smart thing to do!

Kubera makes aggregating your financial information easy so you can use your wealth instead of it using you.