Wealthfolio vs Greenline: desktop app vs web tracker

Wealthfolio is an open-source, fully offline desktop application for tracking your investments. All your data stays on your computer. It supports CSV imports, tracks performance, and has started adding AI-powered features. If you want a portfolio tracker that never touches the internet, Wealthfolio is an interesting option.

What does Wealthfolio offer?

Wealthfolio runs locally on your desktop (Mac, Windows, or Linux). You import transactions via CSV files, and everything is stored on your machine. There’s no account to create, no cloud sync, and no subscription fee. It’s free and open-source.

The app tracks your holdings, performance, and allocation. Recent updates have added AI features for analysis and insights, leveraging local or API-based models.

What are the key differences between Greenline and Wealthfolio?

The most significant difference is platform access. Wealthfolio is a desktop application. You can only use it on the computer where it’s installed. There’s no web version, no mobile app, and no way to check your portfolio from your phone or a different machine.

Greenline works on any device. Check your portfolio on the web from your laptop, download the iOS app for iPhone, or install Greenline on your Android home screen. Your data is always available, wherever you are.

Because Wealthfolio stores everything locally, there’s also no backup by default. If your hard drive fails or you switch computers, you need to manage your own data export and import. With Greenline, your data is stored securely and accessible from anywhere.

On the Canadian side, Wealthfolio accepts generic CSV imports but doesn’t have parsers built specifically for Canadian brokerages. You may need to adjust your export files to match the expected format. Greenline’s parsers are built for the exact formats that Wealthsimple, Questrade, RBC, TD, and other Canadian brokerages provide.

When is Wealthfolio a better fit?

If keeping your data completely offline is your top priority, Wealthfolio delivers on that promise. Nothing is sent to any server, ever. For investors who are deeply privacy-conscious and don’t mind being limited to one device, that’s a meaningful advantage.

Wealthfolio is also free with no limits, which makes it accessible to anyone willing to use a desktop app.

How is Greenline different?

Greenline is designed for everyday investors who want their portfolio accessible whenever they need it. Check your net worth on your phone, review your allocation on your laptop, upload a statement from wherever you are.

The Canadian-specific features also go deeper. Greenline understands registered account types (TFSAs, RRSPs, FHSAs), tracks adjusted cost base following Canadian rules, and provides fee analysis and holdings breakdowns built around how Canadian portfolios are structured.

Which one should you choose?

Wealthfolio is a solid choice for privacy-focused investors who are happy with a desktop-only experience. If you want to access your portfolio from any device and need a tracker that deeply understands Canadian brokerages and tax rules, Greenline is built for that.