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Written by Ryan Scribner on August 22, 2021
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Atom Finance Review 2021: Is It Worth It?

Atom Finance is a Brooklyn-based company that set out to build the best investment research platform to date. 

This platform is known for being a news media and financial technology company that offers several layers of data, resources, and analysis to institutional and retail investors.

If you're familiar with Bloomberg, Atom aims to be a free alternative to the platform. Atom offers features to individual investors that, historically, would cost thousands of dollars. While the basic account is free, there is also a premium account which costs $9.99 per month. Some of the features in this article are exclusive to premium memberships.

Atom Finance Review: The Basics

With Atom Finance, you can track all of your investments in one place. It also provides the ability to link your brokerage accounts. After that, you will be able to get exclusive price alerts, all the market briefings, and much more.

All you need to do is link your brokerage account to Atom Finance to see returns, trades, holdings, and more. You can also see real-time P&Ls and your portfolio statistics. In addition, with Atom Finance, you can track the data of your favorite companies. 

These features allow investors to have a one-stop shop for all information regarding their portfolio.

The stated goal of Atom Finance is to introduce a democratic system to provide access to high-quality research and resources to investors. The platform provides you with detailed information about the financial state, valuation metrics, and consensus estimates for a given company.

You can also check the transcripts, events, curated news, and SEC filings. It will help investors like you make informed, educated, and wise investment decisions.

Atom Finance provides in-depth coverage of markets and stocks. With the premium account, you can also gain access to insights on price changes and real-time commentary of stock price movements.

This platform allows you to create financial models without using Microsoft Excel or other spreadsheets. A huge benefit for those with minimal excel skills.

The best part is, it's 100% free for individual investors.



Atom Finance
  • Pricing
  • Data & Research Tools
  • User Friendly
  • Customer Service
  • Sign Up Process
4.3

Summary

Atom finance offers a no-cost solution to help you make stock trading decisions. While at the same time, other companies charge you thousands of dollars per year. This market data includes equity research reports, financial modeling, stock price alerts, and so much more. 

Commission free trading apps like Robinhood have made it free to place trades. Now, Atom finance aims to make it free to have access to institutional investment data. Join the online community of stock researchers who choose Atom Finance for their one-stop shop!

Pros

  • Basic account is 100% free for individual investors
  • In depth investment research platform
  • Data collection of your favorite companies
  • Fast sign-up process
  • Free comparison of different companies
  • Easy financial modeling tools
  • In-depth analysis of stocks
  • Synchronize portfolio options
  • Bank-grade encrypted connection

Cons

  • Limited basic account
  • Weak customer support
  • They do charge for institutional access

How Does Atom Finance Work?

For the most part, this app is geared toward active stock market investors. These investors typically pick and choose their own stocks or ETFs, rather than paying someone else to manage their money.

Since the financial market is fast moving, Atom Finance delivers insights in real-time that allow you to move quickly. You don’t have to worry about getting lost in millions of data points.  

To start, sign up for Atom Finance using this link. Enter your details and complete the form to finish the registration process. 

You can get started by following 3 or more companies. You will find these companies by utilizing the search bar. Click on submit and you are up and running with data on the firms that matter to you. 

After that, a dashboard will appear. It will provide you with up-to-date reports where you can check the complete overview, earnings, valuation, financials, and industry details of the companies you have selected. 

The live trade section of the platform will help you make decisions about investing in a certain company. Atom finance also provides the pre- and post-earning notes and other key excerpts on earnings calls.

It provides noteworthy corporate actions that include strategies, announcements, M&A, rumors, and much more.

If you're concerned about your data being protected while using the app and linking your brokerage accounts, Atom Finance has partnered with Plaid to run their data privacy. Plaid uses bank-grade security protocol to protect your accounts and information. 

 

Atom Finance Features

Atom Finance provides a multitude of unique features for investors. These features are listed below:

Market News And Updates

Atom Finance gives you access to market news and updates in a very efficient way. When you sign into your Atom Finance account, you can see the complete list of dashboard settings which includes the feed button.

It is your news feed that will provide you with all the information, sectors, topics, and stories about the companies you care about. 

The good thing about the Atom Finance news and updates section is that it will only provide relevant information. For instance, if you choose 3 companies to follow, you can see news and updates about those specific companies. You won't be bogged down with other news that is not relevant to you. 

Atom Finance works on research and provides you opening, midday, and market closing reports. This fact alone makes it a great supplement to brokerage accounts that have minimal research tools, such as Robinhood

X-Ray Document Search

On the Atom Finance platform, you can sift through dozens of company documents with the click of a couple buttons. Using the X-Ray search feature, you can ctrl + F through the entire library of company documents at once. With the basic account, users can access this feature three times per month.

This includes SEC filings, call transcripts, presentations, news articles, and other important documents. As a result, if you have questions about a particular company, you can find answers fast. What a huge benefit to those who are actively engaged in finding specific company information.

Once you have made a search, you can also set up email alerts. These will ping you anytime new information surfaces from that company that includes your search phrase. So, if you are waiting for a particular announcement, you will be the first to know when it is released.

Track All Your Accounts in One Place

Using Plaid, you can link all your financial accounts to track them in one place. 

Sync and track all your investment accounts to monitor stats, real-time profit & loss statements, and much more. 

This is a feature that you won't find on many other free platforms. For investors with accounts on Robinhood, Webull, Vanguard, and multiple other brokerage platforms, aggregating all of your accounts in one place can be an effective way to quickly evaluate your entire portfolio.

After adding your various brokerage accounts, Atom will also provide you with detailed analysis on performance, risk exposure, and provide comparisons to a benchmark. With this information, you'll be able to better understand how your various portfolios interact with each other.

While you are enabled to see multiple pieces of information, you will not be able to make any trades or changes to your accounts through Atom Finance. To do this, you must access each account individually.

atom hub

Stock and Portfolio Alerts

This app helps you to keep track of your stocks with multiple watch lists. This includes the ability to create price alerts so you know if the stock is seeing significant movement. 

The Atom Finance app has a simple UI, where you can easily track stocks, bonds, currencies, and commodities. With the clean user interface, it is easy to set alerts for any stock/asset you are keeping an eye on. 

To do this, just have set up your watch list and you will be able to get live quotes and other useful data. With Atom Finance, you can have fast access to breaking information in no time. 

Analyze and Research Companies

You can easily analyze and research companies after logging into your Atom Finance account. Once you search a company in the search box using its name or ticker symbol, Atom Finance will provide you with all the necessary information. 

You can check out the 3 briefs for the day: morning brief, afternoon brief, and evening brief, or analyze complete stock reports of top movers and trending companies.

Regardless of what platform you prefer, Atom Finance offers you 5 research products on Windows, Android, and iOS platforms.

Here is the list of these 5 products:

  • Sandbox: This product gives you instant financial modeling with consensus projections. It will automatically recalculate and update over time.
  • Portfolio: You can track portfolios and your linked investment accounts to monitor real-time profit and loss, diversification, and other stats.
  • X-ray: Atom Finance X-ray is a financial research search engine for SEC filings, analyses, news, updates, and events. 
  • Collaborate: Group chats, conference calls, and discussion boards to share insights with fellow investors. 
  • Compare: You can generate a comparable company table within Atom Finance. This is most useful when comparing companies and various sectors.

Create Financial Models

A financial model is used to forecast business performance in the future. The results of a model depend on the company's historical performance and assumptions about the company's future.

A model uses income statements, cash flow statements, balance sheet info, and other analysis to form its data points.

In the past, these models were created by using spreadsheets such as Microsoft Excel. Now, you can easily create financial models on the platform and without spreadsheets.  

The sandbox feature will allow users to create financial models directly on the platform. This will save the user time and remove the need to manually refresh inputs in their models.

Stock Screener

A stock screener is a valuable tool for investors and traders alike because it allows them to filter thousands of investment options down to the few that meet certain criteria in a matter of seconds.

With Atom's stock screener, you can quickly view investments that meet your return criteria, market cap, industry, and other metrics. You can also set up a hub that will save your screening criteria and constantly monitor them for new investment opportunities.

This will allow you to passively stay on top of up-and-coming investments and jump on them before they are on the radar of other traders. All of this data comes in real-time so you don't have to worry about missing the next trend.

Analyst Estimates and Market Commentary

With an Atom Finance premium account, you can get access to the detailed consensus estimates that are aggregated from professional analysts. 

The analyst estimates include market commentary, real-time quotes, SEC filings, and financial transactions. Atom Finance has changed the game when it comes to getting ahold of key data.

atom

Exclusive Investment Community

In addition to having access to the opinions of professional analysts, you can also chat with other individual investors on the platform about your positions.

Through hundreds of different channels, you can post messages and get opinions from other Atom Finance users on your investment strategies or positions you are considering getting into. These channels are organized around specific stocks, sectors, or newsworthy topics and anyone can participate.

Atom Finance Fees

The best part is, an Atom Finance basic account is completely free. Atom Finance wants investors to make informed decisions on what to buy which is why it is free for most users. 

However, there will be a subscription fee for large financial institutions looking to use this service. In addition, some of the features mentioned come at a subscription fee of $9.99 per month. These features include: price change explanations, analyst commentary, equity research summaries, and price target updates. Plus, the first month is free!

According to Shoykhet (CEO of Atom Finance), they aim for pricing that is a fraction of other institutional platforms that often charge $6,000 to $12,000 per year.

Atom Finance Review: Final Thoughts

If you want to invest in a well-researched manner, Yahoo Finance and your brokerage account are simply not enough.

Atom Finance offers many exclusive features without a fee. In contrast, a Bloomberg Terminal will cost upwards of $24,000 a year. 

Atom Finance offers a no-cost solution to help you make informed stock trading decisions. While other companies charge you thousands of dollars per year for these features, Atom is determined to make access to high-quality investment information available to the everyday investor.

Commission-free trading apps like Robinhood have made it free to place trades. Now, Atom Finance aims to make it free to have access to institutional investment data.

The combination of these two tools has created a much more democratized arena for investors and has continued to pressure the massive firms in the industry to reevaluate their practices and adapt to the new era.

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Article written by Ryan Scribner
Ryan Scribner is a personal finance YouTuber that is approaching 500,000 subscribers on his channel. He has created a thriving business around his passion, which is helping others navigate the complicated world of investing.

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