Does My Wealth suit how you manage your wealth?
You want to bring accounts, investments, properties and loans together, but each tool requires a different approach. My Wealth is for individuals wanting an overall wealth picture in a file they keep themselves, who are willing to check and update their data.
A few accounts and investments are enough to start. You do not need substantial wealth or to use every feature from day one.
Check in the demo whether the application suits you · Download My Wealth
1. Identify your main need
| What you are looking for | Does My Wealth meet this need? |
|---|---|
| Bring savings, investments, property and debts together | Yes: wealth is brought together in one document |
| Understand allocations, income and goals | Yes: dedicated views complement the total value |
| Keep a local file without a mandatory account for essential features | Yes: choose its location and backups |
| Automatically retrieve every purchase, sale and bank balance | No: My Wealth does not provide automatic bank synchronisation |
| Have several people edit the same document at once | No: using it successively requires coordinating saves |
| Place stock market orders or manage files for many clients | These uses are outside the current scope |
2. You are starting to organise your savings
A current account, emergency savings, an investment and perhaps a home with a mortgage already form wealth worth understanding.
Start with these items to distinguish what you own from what you owe. Net wealth is a more useful reference than simply adding account balances and the value of your home.
Then add income, budgeting or an initial goal when those questions become useful. The wealth management software overview shows the main views; the getting started guide helps with your first entries.
3. Your investments are spread across several institutions
An equity portfolio, SCPI funds and a rental property can be tracked separately without their overall allocation being obvious.
My Wealth lets you examine the same wealth by asset class, institution, holding account or owner. Currencies remain associated with investments, with consolidation when the required exchange rates have been entered.
The main benefit is answering a cross-cutting question: what does your wealth depend on once every institution is brought together? See multi-asset tracking for this organisation and passive income tracking to examine what those investments generate.
4. You prefer checking updates yourself
The Update Centre helps schedule checks and enter new values. You remain responsible for keeping data current and accurate.
On Windows, smart import can analyse an image, text export or text-based PDF with a compatible local model. It proposes changes to review before validation; it does not replace an automatic connection to your bank.
This approach may suit you if you want control over sources and changes. If your priority is tracking all bank movements without intervention, it is less suited to your needs.
See a smart import example · Read about the Update Centre
5. You are considering leaving your spreadsheet
My Wealth can help when maintaining formulas, charts and histories becomes a burden and you prefer a ready-made wealth structure.
A spreadsheet retains the advantage for fully customised calculations. Changing tools also involves transferring and checking data: complete conversion of workbooks, formulas and histories is not promised.
My Wealth as an alternative to Excel compares both approaches and suggests a gradual transfer, retaining your spreadsheet as a reference during checks.
6. You track a couple's or household's wealth
You can identify owners and ownership shares to examine joint property and individual investments in the same view.
This organises ownership; it is not simultaneous collaborative editing. To use the file successively on several devices, wait for synchronisation to finish and avoid concurrent changes.
You also remain responsible for backups and document access. The backup and synchronisation guide explains storage and synchronisation precautions.
7. You want to choose where to keep your data
The .mywealth file remains in the location you choose. Essential creation, viewing, editing and saving features work without mandatory cloud storage or a user account.
This freedom means planning backups and, if needed, protecting the document with encryption. Local operation choices explain offline use, optional services and associated responsibilities.
Local AI and MCP remain advanced options. You can use My Wealth without installing them; their requirements are explained on the Local AI and MCP page.
If this organisation suits you, install My Wealth and start with a few items you can easily check.