Your minimum initial investment is $25,000, which applies only to the paid version. Accounts included on the platform – but not actively managed by Personal Capital – such as a 401(k) plan or investments held with other brokerage firms, are not subject to the fee. And the fee applies only to the actual amount that you have under management. One of the more positive aspects of doing business with Personal Capital is that the fee structure is all-inclusive – there are no additional fees like commissions, account administration fees, or other investment fees. 0.59% of the next $5 million (up to $10 million).0.69% of the next $2 million (up to $5 million).Personal Capital Feesįees apply to the premium Wealth Management program, and currently look like this: Your investments will then be actively managed by Personal Capital’s investment advisors. The paid version uses Personal Capital’s Wealth Management program, in which the platform will take direct control of your investment portfolio. You will also have access to the mobile app. The free version also includes full use of the dashboard, the 401(k) analyzer, an investment check-up feature, and the retirement analyzer. They will then make recommendations based on that analysis. Personal Capital will analyze your current investment mix, and perform an assessment of the risks and opportunities that may be available to you. With the free version, you are provided a personalized analysis of your financial situation. Personal Capital offers two versions, a free product and a premium version, which includes direct management of your investments.
It does handle investment management for you, but it goes well beyond that single function. That includes investments, savings, checking, credit cards and other loan accounts. Personal Capital is a financial aggregator, which is to say that you can have all of your financial accounts on one platform. I’ve also done a more detailed review of Personal Capital, if you’d rather read that.
Since we essentially have to cover two services in this article, we’re going to do summary reviews of each platform. Both services are highly ranked in my The 11 Best Personal Finance Software to Get Your Money Swag On post.īut let’s do a summary review of each, to help you see which will fit your needs. The two provide a lot of similar services, but each specializes in a few areas of your finances that the other doesn’t.Īnd both offer a free service, though Personal Capital has an attractive premium service in which they will manage your investments for you.īoth do a few things well, and omit a few others, but which will work best for you will depend on what it is you want to do. Two of the most popular web-based financial service providers available are Personal Capital and Mint.
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