http://wealthtrack.io

Why did we decide to create WealthTrack?

Two factors pushed us towards creating our own application to be able to track stocks. The first one, the most important one, current stock tracking applications are completely outdated. Their design did not change since the first iPhone came out and frankly they look like scaled down version of ?trading? terminals, complicated, confusing, something that was designed without taking into considering experience of mobile users. Newer applications who have fresh design and modern approach over complicate their apps by having a complex set tools and features inside the confuse users. We decided to combine simple and clean design with the most important features that traders and investors use on daily basis to build an app that helps people get financial information timely and efficiently.

The second factor is the ‘aggregation’ factor. Most of our friends use Robinhood to play (underline play) with stocks, but in the meantime same people have a 401(K) or an IRA account with Vanguard. Switching between accounts isn’t the most convenient way of building your portfolio. In addition most of brokers try to put everything inside their apps making them overloaded with information and data. We want to give you a simple tool where you can connect all of your investment account to see if what is happening across all of your portfolios.

What are the main features and value preposition of WealthTrack.io?

Beta Version’s core features will allow you to:

Organize stocks by creating custom watch lists

Set up custom notifications by applying your own price targets

Dig into company’s information by checking stock price in real-time, key metrics, financials, analysts’ recommendations

Our app is and will be always free. We wouldn’t distract users’ attention with ads or blocking popups forcing you to click. We’ll talk about our monetization later. Moreover, our next versions will be even more functional and useful allowing users to:

Trade stocks with any broker — we will integrate multiple broker dealers to allow you to execute trades right from the app

Aggregate multiple portfolios — also due to integration of broker dealers

Optimize your cost basis — portfolio maintenance costs money, we’ll show exactly how much you pay for it

How is the app different from Robinhood and other broker dealers?

Our main differentiators are highlighted above — some of those powerful features combined with fresh design will help you to stay on top of your investments. We implemented the most useful and helpful features that traders & investors get used to and presented everything in a nice format. Now you can enjoy monitoring stocks.

What’s your revenue model?

We will NOT sell any data about our users to broker dealers or publishers. Our core monetization would be through referral program — we will allow our users to open brokerage accounts right from the app with any broker they want. Then, as we said above, we will give our users an option to trade stocks from our app through their broker dealer. This is our revenue stream, and also this is the main reason why our app is free.

Where do we get the data from?

Our core partner at the moment is Barchart, they provide real-time data about the stock prices. Then we use a couple of other aggregators and APIs from quandl.com, Zacks and others.

When do you plan to launch the app?

The app is already pending in the App Store, we want to start asap. Now you can join our list of beta users and subscribe on our website: http://wealthtrack.io

You can also follow us on Facebook and Twitter:

https://twitter.com/wealthtrackIO