Personal Capital was first founded by Bill Harris, the former CEO of PayPal and Intuit. Personal Capital provides a managed service that is mainly targeted towards clients with larger balances. Additionally, they offer a range of free financial management tools.
Their managed approach is a blend of professionally certified human advisors combined with robo-advisors.
If you hold an account that has a balance of more than $200,000, then you will have the perks of two dedicated financial advisors. If your balance is somewhere between $100k to $200k, then you will still get access to this support.
$100 For Receiving A Call & Proposal From An Advisor
After signing up with Personal Capital to use their free tools, they will give you a call you to talk about their services. However, from now through October 31, 2022, Personal Capital will give you a $100 Visa gift card for receiving a sales call and receive a financial advisory analysis from them. You will need to sync up your investments accounts showing total investable assets of at least $250,000. There is no cost for the financial advice or commitment to receive the $100 bonus.
How To Earn $100 Bonus:
- Sign up for our free, easy-to-use financial tools—including our Retirement Planner
- Link your bank and investment accounts of at least $250,000.
- Receive your free financial analysis after talking with an expert
- Treat yourself with your FREE $100 Visa® gift card
(Expires October 31, 2022)
What Are Personal Capital’s Credentials?
Their trading experience allows investors to manage their own accounts, access their own portfolios, and make trades seamlessly across multiple devices. Access your account on-the-go with mobile and tablet apps for iPhone and Android. Sign up today and see how you can manage your money with this great financial service and get a little something for trying it out.
With this service, you can add bank accounts, IRA, 403(b), 401(k), taxable investments, mortgage, credit cards, and other investments such as the peer-to-peer lending services offered by LendingClub.
One of the fist points to note about Personal Capital is that they tend to have high account management fees that come with the service. This service comes with a 0.89% annual fee, which is higher than other robo-advisors like Wealthfront and Betterment. It’s only when your account balance is at least $1 million do you get discounted rates.
Who Is Personal Capital Suitable For?
Personal Capital is great for those who prefer to have a hands-off approach to the management of their investments. Additionally, this is great for those who are looking for assistance with tax optimizations strategies. Also, if you consider yourself a DIY investor who is looking for free tools to use to help you with your financial management strategy, this is the service for you.
Personal Capital is suitable for high-net-worth individuals who through a large amount of invested capital, can access dedicated personal Financial Advisors. It also delivers a comprehensive range of tools to help DIY Investors analyze their own portfolios without needing to buy-in, or pay for portfolio management services.
(Visit Personal Capital to learn more)
Summary Of Personal Capital
The free services that are offered with Personal Capital are great even though it is free. Customers will get a comprehensive level of analysis by a computer for a great value. Comparing it to other services of a qualified financial advisor, you are still getting a great deal even though it has a higher than average management cost.
Their tools for retirement planning is great because it is easy to use, and you can play out a number of different scenarios. If you are a DIY Investor, their investment checking tool is also very handy for getting high-level recommendations as well. The retirement planner is second to none; I found it very useful to perform a number of role-playing situations.
With regards to their somewhat expensive Wealth Management Services, it would probably suit those who need regular Financial Advisor Support, in order to make it worthwhile in terms of your return on investment where the fees are concerned. Looking at the robo-advisor scene alone, they are a little less competitive.
W W W says
Once an account is opened it can never be closed. Funding difficulties made me close many years ago, or so I thought, with $0.0 balance and request to de-activate. A decade later after many requests am still getting tax forms from clearing firm and occasional reminders of their “great service.” Cold phone calls as well which are ignored but keep coming. I used to answer and respectfully ask to close account to no avail.
Anurag Ray says
I did create the account in Personal Capital and linked one of my existing brokerage accounts. But till now, I havent received any email from them and also not sure about how and when will I get the $20 Amazon gift card.