# 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](https://www.counselpro.ai/docs/review-your-clients-transactions) and go through [balance reconciliation](https://www.counselpro.ai/docs/category/reconciliation).
- **Brokerage statements** become the [Portfolio tab](https://www.counselpro.ai/docs/why-no-portfolio-tab): holdings, activity, and realized gains, checked section by section against the statement's [printed totals](https://www.counselpro.ai/docs/validated-or-needs-review-brokerage).

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](https://www.counselpro.ai/docs/find-missing-statements) 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](https://www.counselpro.ai/docs/validated-or-needs-review-brokerage).

Source: https://www.counselpro.ai/docs/brokerage-vs-bank-statements