How are brokerage statements different from bank statements?
CounselPro reads brokerage statements on a separate track from bank statements. Their positions and trades land in the Portfolio tab, not the cash ledger.
Note
Coming Q4 2026. Investment and brokerage support is not live yet. This article previews how the Portfolio tab will work once it ships.
You upload a brokerage statement the same way you upload a bank statement, but CounselPro handles it differently once it starts reading. A brokerage statement carries positions and trades, not just a cash ledger, so it goes down its own path.
Where does each kind of statement end up?
Bank and card statements become the cash transaction ledger and go through balance reconciliation.
Brokerage statements become the Portfolio tab: holdings, activity, and realized gains, checked section by section against the statement's printed totals.
The securities side is a separate system from the cash side. That is why a stock trade or a dividend shows up in Portfolio and not in the cash ledger, and why securities do not feed the Insights breakdowns.
What about a statement that has both?
Some statements carry cash and securities together, like a managed account with a sweep balance. CounselPro reads both sides of that statement: the cash lines go to the ledger and the positions go to the Portfolio tab.
Note
The two paths run independently, so a problem reading the securities side never blocks the cash side. Your bank ledger and reconciliation finish even if a brokerage section needs a second look.
For how the securities figures are checked, see what "Validated" and "Needs review" mean.
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