June 20, 2019
Powering healthier financial futures with Investments
Jesse Dhillon & Derlen Chiu
Updated on December 11, 2020
We’re excited to announce the launch of Investments, a product that enables developers, fintech apps, and financial institutions to create a holistic view of their customers’ investments, including account balances, holdings, and transactions. The result of a highly collaborative effort across our newly integrated Plaid and Quovo teams in SF and NYC, Investments empowers customers with financial data to inform a consumer’s understanding and decisions about their financial well being. With Investments, Plaid’s platform can support the growth and scale necessary for today’s increasingly digital financial services offerings.
Investments is comprised of two endpoints—/investments/holdings/get and /investments/transactions/get—that can be used individually or in tandem, depending on the use case:
/investments/holdings/get returns a detailed profile of the holdings in an account, including, quantity, price, institution value (quantity * price), cost basis, and currency code.
/investments/transactions/get provides insight into transactions, such as buys, sells, and dividends. Response fields include transaction date, transaction type, quantity, amount, and fees.
A collection of identifiers for each security present in a response is included in each call to the Investments endpoints. Available fields include name, ticker, CUSIP/SEDOL and ISIN, security type, and close price.
All Plaid users can access account-level data and balance details as of the most recent market close via the /accounts/get endpoint.
Why did we build Investments?
Investment accounts are a crucial component of a person’s financial identity. From saving for a first home or a dream vacation, to preparing for retirement or a child’s college education, investment accounts such as individual brokerage accounts, 401(k)s, IRAs, or 529s are arguably the most important accounts for people to achieve their financial goals.
With connectivity to investment accounts, Plaid can serve a whole new set of use cases to enable developers, technology platforms, and financial institutions to deliver more insightful and compelling products. For example, PFM tools can allow users to link their investment accounts for a more comprehensive net worth view. Similarly, by enabling users to link their held-away accounts, financial advisors (robo or human) can provide more holistic advice, more accurate projections, and better communicate with users about important activities such as potential rollovers.
We would like to extend a big shout out to all of our beta users who provided invaluable feedback during the build.
"Plaid enables our users to easily link their held-away investment accounts to our platform, and the /investments/holdings/get endpoint returns a detailed view of positions to support our in-depth analysis across a broad set of investment account types. Additionally, the Plaid team has been a joy to work with as we beta tested the product.”- Andrew Moreland, founder and CTO of Haven.
Getting started with Investments
If you’re an existing Plaid customer and you’re interested in Investments, reach out to your account manager to get started. Developers new to Plaid can reach out via our Contact Sales form.