Sharesight vs Invormed: Which Is Better for UK Investors?

Both tools track investment portfolios. Both are capable. The question is which one is built for your situation — and "better" depends entirely on what that situation looks like.

This comparison is written for UK retail investors who are either currently paying for Sharesight and wondering if there is a more appropriate alternative, or researching both tools before committing. We will be direct about where each product wins and where it falls short.

TL;DR

Pick Sharesight if: you rely heavily on tax reporting (CGT reports, dividend tax reports), you hold assets across many international brokers, or you have been using it for years and your records are already there.

Pick Invormed if: you are a UK-only investor with ISA, SIPP, and GIA accounts, you hold a lot of ETFs and want automatic look-through analysis, or you want AI-powered portfolio analysis at a lower monthly cost.

Honest answer for most UK retail investors: If tax report exports are not critical to your workflow and your holdings are primarily UK-listed funds and equities spread across a few tax wrappers, Invormed is likely the better fit — and at £12/mo Pro versus Sharesight's Standard at £18.67/mo (monthly billing), the difference compounds meaningfully over time.

At a Glance

Where Sharesight Wins

Sharesight has been building its product for fifteen years. That longevity shows in areas that genuinely matter.

Tax reporting is the headline. Sharesight's UK CGT report and dividend tax report are the most cited reasons people stay on the platform — and rightly so. The reports calculate gain/loss across disposals, handle bed-and-breakfast rules, and produce a document you can hand to an accountant or paste into a Self Assessment return. This is not a minor feature. For investors who realise gains above the annual exemption or who need to reconcile dividend income across multiple brokers, Sharesight saves hours per year.

Broker coverage is unmatched. Approximately 250 brokers supported via API or CSV means Sharesight can ingest data from almost any custodian — AJ Bell, Hargreaves Lansdown, Interactive Brokers, Freetrade, Trading 212, and many more. Automatic sync means your portfolio updates without manual intervention. For investors with accounts spread across multiple platforms, this is a material time saving.

Dividend reinvestment tracking. Sharesight handles DRIP (dividend reinvestment plans) accurately and tracks the adjusted cost basis that results. This is a detail-oriented feature that passive income investors will notice.

Maturity and reliability. Sharesight has a large user base, a well-documented API, and a track record of staying up. For investors who have used it for several years, the historical trade data already stored there is itself a switching cost.

Where Invormed Wins

Invormed was built for UK retail investors specifically — and that focus creates advantages in areas where Sharesight's global-first design shows its limits.

UK tax wrapper awareness. Sharesight allows you to label accounts, but it does not natively understand that an ISA is a tax-exempt wrapper and that a GIA is not. Invormed treats ISA, SIPP, and GIA as first-class account types, surfaces which holdings are sheltered versus exposed, and helps you think about wrapper allocation — not just portfolio allocation. For investors with the same ETF spread across a Stocks and Shares ISA, a SIPP, and a GIA (a common UK pattern), this distinction matters for understanding your actual tax position.

ETF look-through is built-in. Most UK investors hold a significant proportion of their portfolio in ETFs. Sharesight will track an ETF as a single holding — price performance, dividends, cost basis. Invormed goes further, disaggregating the ETF into its underlying positions so you can see your real economic exposure to Apple, gilts, or emerging markets across all your accounts. See our ETF look-through guide for a full explanation of why this matters for portfolio analysis.

AI analyst. Invormed Pro includes an AI chat layer that can answer questions about your portfolio in plain English. "What is my effective UK equity exposure across all accounts?" or "Which holdings have the most concentration risk?" are the kinds of questions it can address. This is not a gimmick — it removes the need to cross-reference spreadsheets to answer questions you might only ask quarterly.

Trading 212 as the lead broker. Trading 212 is the largest UK retail broker by new-account volume, and Invormed is built around its export format. The T212 importer is the most refined broker integration on the platform. Sharesight supports T212 via its generic CSV flow, which works but requires manual column mapping. If T212 is your main account, Invormed will feel noticeably smoother from day one.

Pricing. Flat £12/mo Pro versus a tiered structure that scales with holdings. More on this below.

UK-based team and support. Invormed is built and run in the UK. Support operates in UK timezone and the product roadmap is driven by UK regulatory and market conditions.

The Pricing Question

This is where the Reddit and MSE discussions about Sharesight tend to get heated — and the frustration is understandable when you look at how the plans work.

Sharesight's pricing has shifted over the years. As of April 2026, the UK plans on monthly billing are:

• Free: 10 holdings, 1 portfolio
• Starter: £8/mo — 30 holdings, 1 portfolio
• Standard: £18.67/mo — unlimited holdings, 4 portfolios
• Premium: £28/mo — unlimited holdings, 10 portfolios

Annual billing reduces these to £6/mo, £14/mo, and £21/mo respectively — but requires paying upfront.

The practical issue for a typical UK investor: 30 holdings runs out quickly. An investor with a simple three-fund ISA, a handful of individual stocks, and a few legacy positions from a previous broker can easily exceed that limit. The jump from Starter (£8/mo annual) to Standard (£14/mo annual) is a 75% price increase, driven primarily by the holdings cap.

Worked example. An investor with 45 holdings across an ISA, SIPP, and GIA pays £14/mo on Sharesight Standard (annual) or £18.67/mo on monthly billing. The same investor on Invormed Pro pays £12/mo flat — no holdings cap, no portfolio cap, no annual commitment required to access the reasonable price.

Over 12 months on monthly billing: Sharesight Standard costs £224, Invormed Pro costs £144. The £80 difference is not catastrophic, but it is real money for a feature set where Invormed covers the scenarios most UK retail investors actually encounter.

For investors who can commit to annual billing, Sharesight Standard at £14/mo is closer. The decision then shifts back to features rather than pure cost.

Who Should Stick with Sharesight

Be honest with yourself about whether you actually need what Sharesight provides.

Stay on Sharesight if:

• You regularly export CGT or dividend tax reports and use them for Self Assessment. This is Sharesight's strongest feature and Invormed does not yet match it.
• You hold assets across many international brokers and rely on automatic API sync. If your portfolio spans Interactive Brokers, a US brokerage, and a UK ISA, Sharesight's breadth of integrations is difficult to replicate.
• You are based in Australia or New Zealand (Sharesight's home market) or hold a significant proportion of non-UK assets.
• You have 100+ holdings and need granular lot-level tracking across multiple years of complex transactions.
• You are an accountant or IFA using the Business plan to manage client portfolios — Sharesight's multi-client architecture is purpose-built for that use case.

Sharesight is a genuinely good product. The pricing frustration does not change that. If your workflow depends on its tax reporting engine, switching carries a real cost.

Who Should Switch to Invormed

Consider Invormed if:

• You are a UK-only retail investor. All your accounts are at UK brokers and you manage them via CSV export. You do not need API sync.
• Your main account is Trading 212. T212 is Invormed's lead broker integration. The CSV importer is built around T212's export schema, making ingestion smoother than any other tracker.
• You have an ISA, SIPP, and GIA and want a tool that actually understands those distinctions — not one that treats them as generic labelled buckets.
• You hold primarily ETFs and want to see your underlying exposures, not just fund-level performance. The best portfolio trackers for UK investors all handle ETF tracking differently — Invormed's look-through is a differentiator.
• You want AI-powered analysis of your portfolio without paying for a separate financial tool.
• You are price-conscious and on monthly billing. The £6.67/mo saving over Sharesight Standard is small individually but represents a concrete reduction in ongoing cost.
• You are a newer investor building habits and processes from scratch — Invormed's UK-native structure will feel more intuitive from the start.

How to Migrate from Sharesight to Invormed

If you decide to switch, the process is straightforward but requires some preparation.

Step 1: Export your data from Sharesight. Go to Portfolio Settings → Export → Download your trade history as CSV. Sharesight's export includes date, security, quantity, price, brokerage, and currency fields.

Step 2: Review the CSV before importing. Sharesight's export format is well-structured but may include fields Invormed does not currently map (such as foreign currency transactions or custom dividend adjustments). Strip any rows relating to non-UK holdings you are not migrating.

Step 3: Import to Invormed. Use the CSV import function in Invormed's dashboard. The importer handles the standard trade fields. Expected gaps include: Sharesight-specific dividend reinvestment records may need manual verification, and split/consolidation events may require manual entry.

Step 4: Verify opening positions. After import, cross-reference your current holdings quantities and cost bases against Sharesight before closing your account. Particularly check positions with multiple purchases at different prices — the FIFO/LIFO cost basis method should match what you expect.

The migration takes most users one to two hours. If you have been using Sharesight for several years with complex transaction histories, budget more time for the verification step.

Frequently Asked Questions

Does Invormed produce tax reports like Sharesight?

Not currently. CGT reporting and dividend tax reports are on the Invormed roadmap but are not available at launch. If you need to produce UK Self Assessment-ready tax reports from your portfolio tracker, Sharesight remains the more complete tool for that specific requirement. Invormed's current focus is portfolio intelligence — allocation, exposure analysis, wrapper awareness, and AI-powered insights — rather than tax reporting output.

Is Sharesight suitable for UK ISA investors?

Sharesight works for ISA investors in the sense that it will track your holdings and performance correctly. The limitation is that it does not natively understand that an ISA shelters gains and dividends from UK tax. You can label the account as an ISA but Sharesight will not, for example, flag when you are holding a high-dividend fund in a GIA that would be more efficiently placed in an ISA. Invormed is designed around that kind of UK wrapper logic.

Can I use both tools simultaneously?

Yes. Some investors use Sharesight for its tax reporting features at year-end while using Invormed for day-to-day portfolio intelligence and AI analysis. Both tools support CSV import, so keeping both in sync is possible with periodic exports from your brokers.

How does Invormed's ETF look-through work?

Invormed disaggregates ETF holdings into their underlying constituent positions based on the fund's published holdings data. This means if you hold a FTSE All-World ETF, Invormed will show your effective position in each underlying company — giving you a true picture of geographic and sector exposure across your whole portfolio, including across multiple ETFs that may overlap significantly. See the full ETF look-through guide for details.

What happens to my Sharesight data if I cancel?

Sharesight allows you to export your full trade history before cancelling. You keep your exported CSV files. After cancellation, your data is retained for a period in case you resubscribe, but you lose access to the reports and dashboard. There is no obligation to delete your export.

Does Invormed work better with Trading 212 than Sharesight does?

Yes. Trading 212 is Invormed's lead broker — the CSV importer is built around T212's export format and handles the full column set cleanly. Sharesight supports T212 via its generic CSV import flow, which functions but requires manual column mapping and some cleanup. If T212 is your main account, Invormed's ingestion will be materially smoother.

Is Invormed's £12/mo Pro price likely to increase?

Invormed launched at £12/mo Pro in 2025–26. As with any software product, pricing can change. Early adopters are typically grandfathered at the rate they signed up at — check the terms at the time of subscription. The comparison in this article reflects current published pricing as of April 2026.

If you are happy with Sharesight's tax reports and the price does not bother you, there is no compelling reason to switch. It is a mature, well-supported tool.

If you have been wincing at the invoice every month for a tool that treats your ISA as "just another account" and does not tell you what is actually inside your ETFs, Invormed is the alternative built with your situation in mind.