Wikinvest, a startup trying to take on sites like Yahoo Finance, is releasing a new iPhone app today. Back in June, it launched a feature on its website for importing and tracking your stock portfolio in real-time. Now it's allowing users to do the same on their phone.
At the time, cofounder Michael Sha compared Wikinvest's new feature to Mint.com, the popular site for aggregating all your bank accounts, credit cards, and more. Wikinvest provides a similar feature for investors, so they can see their stocks across different brokerages. Users can create customized dashboards, group stocks by market capitalization, and see updates and news from more than 500 sources.
The program has been a hit, Sha said, and is now tracking more than $3 billion in assets. And users are taking advantage of the multi-account support -- the average user connects three different accounts to Wikinvest.
The San Francisco company's new app brings those features to the iPhone. (Download it here.) Like the Wikinvest site itself, it's free. Sha noted that many brokerages supported by the app -- including Charles Schwab, Merrill Lynch, and Scottrade -- have been slow to develop a mobile strategy, and currently don't have an iPhone app. So if you want to see those portfolios on your phone, you need a third-party app like Wikinvest. In fact, Sha said 80 percent of the brokerages supported by Wikinvest don't have apps.
Wikinvest has raised $2.5 million in funding from DCM.
[image from the 20th Century Fox film Wall Street]