Personal Capital Review 2019 - Make Lemonade

Personal Capital Review

Company Overview: Personal Capital

The founders of Personal Capital have one goal in mind: to build a better money management experience for consumers. That’s why they’re blending cutting-edge technology with objective financial advice. Based in California, Personal Capital has 1.5 million registered users, $400 billion in tracked accounts and $6 billion of assets under management.

Personal Capital Overview

Personal Capital offers attractive rates and terms compared with other top online robo-advisors:

Account Minimum: $100,000

Commission: 0.69% – 0.89% annually

  • < $1 million: 0.89%
  • First $3 million: 0.79%
  • Next $2 million: 0.69%
  • Next $5 million: 0.59%
  • > $10 million: 0.49%

Portfolio Mix: Portfolio of low-cost, diversified ETFs

Account Types: Supports personal brokerage accounts, joint brokerage accounts, traditional IRAs, rollover IRAs, Roth IRAs, SEP IRAs and trusts

Portfolio Rebalancing: Yes

Tax Loss Harvesting: Yes

Account Fees: $0 maintenance fees; $0 transfer fees

How Personal Capital Compares: Key Benefits Of Personal Capital

Here are some of the reasons that investors love Personal Capital:

  • Automated:Personal Capital is a robo-advisor and therefore does all the investment work for you. You don’t have to manage your investments. Personal Capital does all the heavy lifting using technology.
  • Portfolio:Personal Capital a portfolio of ETFs that are low cost and diversified.
  • No Commissions:Personal Capital only charges one annual fee based on the size of your investment portfolio based on the size of your investment portfolio. Therefore, there are no commissions.
  • Access To Financial Advisors:Personal Capital offers unlimited access to two licensed financial advisors if you have a balance greater than $200,000. If your balance is $100,000 – $200,000, you have access to a team of financial advisors.
  • Customer Support:Personal Capital offers live phone support Monday-Friday.

Bottom Line: Is Personal Capital right for you?

Personal Capital has a top reputation as a robo-advisor and is the largest independent robo-advisor.The best feature of Personal Capital’s platform is its no fees for automatic rebalancing or tax loss harvesting. The hardest part to swallow is the high account minimum of $100,000. Personal Capital is targeted toward investors with high account balances.

Personal Capital’s fee structure is higher than other robo-advisors, although it does decline for higher account balances.

You will also gain access to Personal Capital’s team of human financial advisors. Personal Capital believes that the best financial advice comes from both technology and human advisors. As such, you have access to Personal Capital’s team of licensed financial advisors starting at an account portfolio of at least $100,000. With a $100,000 account balance, you will have access to a team of financial advisors via video chat, phone or email. If your account balance is $200,000 or higher, you have two dedicated, licensed financial advisors.

Next Steps: How To Apply To Personal Capital

You can open a Personal Capital account online within a few minutes, and the process is simple.


The Best Robo-Advisors 2019

Robo-Advisor
Annual Fee

Overview

Account Minimum:$0

Details

  • Supports personal brokerage accounts, joint brokerage accounts, traditional IRAs, Roth IRAs, SEP IRAs and trusts
  • Portfolio of low-cost, diversified ETFs from 16 asset classes
  • Free automatic portfolio rebalancing
  • Free tax loss harvesting
  • Customer support: M-F 8 a.m. – 8 p.m. EST; email 24/7

Overview

Account Minimum:$0

Details

  • Supports personal brokerage accounts, joint brokerage accounts, traditional IRAs, rollover IRAs, Roth IRAs, SEP IRAs and trusts
  • Portfolio of low-cost, diversified ETFs from 12 asset classes
  • Free automatic portfolio rebalancing
  • Free tax loss harvesting
  • Customer support: 7 days a week
  • Unlimited access to licensed financial advisors

Overview

Account Minimum:$500

Details

  • Supports personal brokerage accounts, joint brokerage accounts, traditional IRAs, rollover IRAs, Roth IRAs, SEP IRAs and trusts
  • Portfolio of low-cost, diversified ETFs from 11 asset classes
  • Free automatic portfolio rebalancing
  • Free tax loss harvesting
  • Unlimited access to licensed financial advisors

Overview

Account Minimum:$0

Details

  • Supports personal brokerage accounts, traditional IRAs, rollover IRAs, Roth IRAs, SEP IRAs and trusts
  • Portfolio of low-cost, diversified ETFs from 9 asset classes
  • Free automatic portfolio rebalancing
  • Customer service: M-F 11 a.m. – 7 p.m. eastern

Overview

Account Minimum:$5,000

Details

  • Supports personal brokerage accounts, joint brokerage accounts, traditional IRAs, rollover IRAs, Roth IRAs, SEP IRAs and trusts
  • Portfolio of low-cost, diversified ETFs from 20 asset classes
  • Free automatic portfolio rebalancing
  • Free tax loss harvesting for accounts with a minimum $50,000 balance
  • Free access to licensed financial advisors
  • 24/7 customer support

Overview

Account Minimum:$50,000

Details

  • Supports personal brokerage accounts, joint brokerage accounts, traditional IRAs, rollover IRAs, Roth IRAs, SEP IRAs and trusts
  • Portfolios are individualized and incorporate Vanguard index funds and ETFs, if needed
  • Free automatic portfolio rebalancing
  • Free tax loss harvesting on client-by-client basis
  • Access to licensed financial advisors
  • 24/7 customer support

Overview

Account Minimum:$100,000

Details

  • Supports personal brokerage accounts, joint brokerage accounts, traditional IRAs, Roth IRAs, SEP IRAs and trusts
  • Portfolio of low-cost, diversified ETFs
  • Free automatic portfolio rebalancing
  • Free tax loss harvesting
  • Access to financial advisors

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