Personal Capital Reviews - What Is It?

WARNING: DO NOT BUY Personal Capital Until You Read This Review!
Is it a Scam? Does It Really Work?

Personal Capital

Personal Capital is a company that focuses on the customers with high balance by offering them a service that combines human advisors and robo-advisor algorithms. For example, account balances of more than $200,000 come with two dedicated financial advisors. Each client has access to a team of advisors. High account management fee is 0.89% per year, though large account balances (more than $1 million) come with discounted rates. The company also offers a variety of investment and financial planning tools that can be used for free. Customers can link their current accounts, portfolio performance, net worth, track spending, retirement progress and fees.

Personal Capital's retirement planning tool allows you to learn where you are relative to your retirement goals. This will help you to create and deal with your retirement savings in any location. The tool adds current financial data from your accounts linked to Personal Capital and allows you to add expected events in your life and personal information. The tool helps to assess the following information. First, your Retirement Readiness, which means how prepared you are for retirement depending on your target retirement date. Second, Upcoming Goals. These may include planning to get married, entering college, buying a new home or even adopting a child. The tool evaluates whether you can afford these expenses. Third, Expected Income. The tool automatically calculates your income each month and possible Social Security benefits. You may also have inheritances, pensions, rental income, or other windfalls.

Customer Reviews - Does Personal Capital Really Work?

There are numerous users' reviews about Personal Capital on the Internet and, fortunately, most of them seem to be positive. The customers are satisfied with all the services and tools offered by the company. Personal Capital's retirement planning tool is the favourite tool among users as it offers a lot of benefits. It is necessary to mention the "Investment Checkup" tool too. To get it, you will need to fill in a risk profiling questionnaire, as well as to answer several other basic questions. These focus on your investment goals mainly. Upon completion, the company presents a graph showing the portfolio and asset allocation they recommended.

There is another tool meant for Personal Capital Investment Checkup. In fact, it explains the return and risk characteristics concerning your portfolio. It allows you to compare the recommended portfolio to your present investments. Thus, you will see the differences in performance, asset allocation, and overall risk. Besides, Personal Capital offers a fee analyzer that contains the fees you need to pay on your investments. It will also help you to calculate hidden fees, management fees and expenses. What customers like about the company is the possibility to make investments. The advisory service of the company invests clients with balances of more than $200,000 in a customized portfolio, including individual securities through a process named Smart Indexing. The latter invests in all sectors. According to the company, Smart Indexing decreases risk and increases returns for investors. It also helps the company to benefit from individual tax-loss harvesting opportunities.

Another advantage of Personal Capital is that all tools are free and comprehensive, including fee analyzer, an investment checkup, and a spending tracker. However, you will need to create Personal Capital login credentials to use these tools. Nevertheless, you don't need to be enrolled in the company's advisory service. After signing up, you can link your bank, credit card and brokerage accounts. The company will analyze the asset allocation in your accounts depending on the information they contain. It will tell you how much you need to decrease or increase your holdings of this or that asset class. Personal Capital tool makes spending analysis, dividing your expenses into categories such as health care, clothing groceries, and restaurants. It also tracks your bills and income sources via your linked accounts. Let us take a look at the testimonials left by real clients of Personal Capital.

"I have been a long-time user of Personal Capital and finally I decided to write this review. I have used the company's services for a few years with the goal of tracking my expenses, income, and net worth. After connecting my credit cards, bank account, investment accounts, mortgage or auto loans, and other financial accounts, I was able to use the service for summarizing my financial situation for free. It also provided me with great personal financial planning guidance."

"After opening a free account at PersonalCapital, I linked my financial accounts to the online interface. I authorized each account and found it to be very fast and easy. I enjoyed using the desktop version of the program. All I had to do is to click a small plus arrow. I also specified the type of account and filled in the online credentials. My accounts remained linked. Each day, my account information is automatically updated. I like this function."

"I like the free services Personal Capital provides. There is nothing similar available on the market, especially taking into account the fact that it costs completely nothing. I don't even pay for their investment advice. The management fees are reasonable as compared to other financial advisors. Many of my friends who use the service are happy with it."

My Final Summary

Personal Capital is associated with a great number of advantages. It offers comprehensive service that will be easy to use. You can calculate your manage investment accounts, set a budget, net worth, and plan for retirement using one secure interface. Another benefit is the friendly reminders made by the company. Their automated email feature summarizes weekly changes in your net worth. The user can receive other bill payments reminders and alerts as well. Most customers appreciate the service for its valuable tools at no additional cost. There are numerous tools that help to make wiser financial decisions. The tools are able to improve your asset allocation, reduce your taxable income, lower your investment fees, and monitor your investment performance.

Another advantage of Personal Capital is the technology it uses online. The interface is intuitive and the app can be used on a tablet, computer, or smartphone. At the same time, the app is extremely easy to use, including getting started and syncing accounts. You will receive valuable financial information via the graphs and charts which are easy to read and understand. As a specialist, I can say that all investors should sign up for this free tool. It is a wonderful option for investors with more assets. Taking into account all pros and cons of the company, I can certainly recommend Personal Capital.

Personal Capital Pricing and Rates

The services of the company are completely free, but there is also an optional asset management service. It is suitable for affluent site users, especially those with investable assets of $100,000. If a user has more than $100,000, Personal Capital provides the possibility to work with a financial advisor as well as professional financial advice. The company makes money by earning a percentage of the assets under management, or AUM. The annual fee is 0.89% of account balance for $0 - $1,000,000. The more you invest the lower the fees will be.