Portfolio Analytics works equally well for DIY investors and people who have an adviser. “The results you get from Portfolio Analytics versus what your adviser has done could very well be different, and the adviser might be totally right,” Mr. Modesto said. “But at least it starts a conversation [with the adviser]. It gives people a chance to say, ‘what’s happening here, explain it to me.’”
Wealthscope has been operating for a year as a free service built by a team that includes Pauline Shum-Nolan, a professor of finance at York University’s Schulich School of Business.