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Personal Capital

in Investment Advisors from Personal Capital

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Personal Capital

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in Investment Advisors from Personal Capital

SuperMoney Net Recommendation Score -13% Recommendation score measures the loyalty between a provider and a consumer. It's at +100% if everybody recommends the provider and at -100% when no one recommends.

Mostly not recommended

2 users recommend
3 users are unsure
3 users don't recommend
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Highlights
Highlights
Community Rating Mostly not recommended
Minimum Account $25,000
Management Fee 0.49% - 0.89%
Number of Reviews 8

Personal Capital Review

Personal Capital is founded in 2009 and based in San Carlos, CA.

What fees does Personal Capital charge?

Personal Capital uses a fee-only model.

This means Personal Capital gets paid a flat fee regardless of what financial products or services you use. It also means they have a fiduciary responsibility to their clients. Instead of making money on trades commissions or selling products, they recommend an asset allocation and get paid a flat-fee or a percentage of the assets under administration. That requires that they act in their client’s financial best interest at all times.

Personal Capital Fees
Description
Monthly Fee $0
Annual Fee $0
Management Fee 0.49% - 0.89%
Fee Based? Yes
Account Transfer Fee $0
Account Termination Fee $0
Investment Expense Ratios Starting at 0.08%

What management fees does Personal Capital charge?

Personal Capital charges an annual management fee that starts at 0.49% and ranges up to 0.89%.

Many financial advisors charge based on how much money they oversee by using a fee-structure called “assets under management,” or AUM. For instance, a 0.40% fee translates to $4 per year for every $1,000 an investment advisor manages. Management fees, also known as maintenance fees, cover the operating costs of investment advisors and are typically deducted from your account every month or quarter. The management fee does not cover the underlying expense ratios of the investment vehicles purchased by investment advisors.

What are the investment expense ratios of Personal Capital?

Hiring an investment advisor with competitive investment fees is one of the most important steps to maximizing your portfolio's performance. Investment expense ratios can vary drastically depending on the types of accounts and assets involved. A survey by the ICI puts the average expense ratio for actively managed funds at 0.76% and indexed funds at 0.08%. The investment expense ratios of an investment advisor will vary depending on the type of assets they invest in and whether they attach additional charges to fund fees.

Personal Capital charges an investment expense ratio that starts at 0.08%

What type of investment accounts and asset classes does Personal Capital support?

Personal Capital offers the following types of assets and account types.

Accounts Supported Options
Supported Options Unsupported Options
  • Individual Non-Retirement Accounts
  • Joint Non-Retirement Accounts
  • Roth IRA
  • Traditional IRA
  • Rollover IRA
  • SEP IRA
  • Trusts
  • 529 College Savings Plans
  • Employer Sponsored Plans
  • Custodial Accounts
  • Personal Capital does not offer any of the investment vehicles that we track.

    What is the minimum amount you have to invest to open an account with Personal Capital?

    The minimum amount to open an account with Personal Capital is 25000.

    How does Personal Capital compare to other investment advisors?

    Pros & Cons of Personal Capital
    Pros Cons
  • Broad selection of account types.
  • Competitive investment expense ratios.
  • Does not offer low-cost ETFs.
  • Does not give access to human finance advisors.
  • Tax-loss harvesting not available.
  • Limited investment options.
  • PERSONAL CAPITAL Disclosure: Personal Capital Advisors Corporation is an investment advisor registered with the Securities and Exchange Commission ("SEC"). Any reference to the advisory services refers to Personal Capital Advisors Corporation. Registration does not imply a certain level of skill or training nor does it imply endorsement by the SEC.? Past performance is not a guarantee of future return, nor is it necessarily indicative of future performance. Keep in mind investing involves risk.
    SUPERMONEY Disclosure: SuperMoney.com is an independent, advertising-supported service. The owner of this website may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. Read more...

    Contact

    Message from Personal Capital

    The founders of Personal Capital have one goal in mind: to build a better money management experience for consumers. That’s why we’re blending cutting edge technology with objective financial advice. We believe this is the best way to empower individuals and their money.

    Other Services by Personal Capital

    Feature Breakdown

    Account Termination Fee $0
    Account Transfer Fee $0
    Annual Fee $0
    Investment Expense Ratios Starting at 0.08%
    Monthly Fee $0
    Fee Based  
    Management Fee 0.49% - 0.89%
    Minimum Account $25,000
    Accounts Supported
    • Individual Non-Retirement Accounts
    • Joint Non-Retirement Accounts
    • Rollover IRA
    • Roth IRA
    • SEP IRA
    • Traditional IRA
    • Trusts
    Automatic Rebalancing  
    Independent/Registered Investment Advisor  
    Software Managed  

    Personal Capital Community Reviews

     

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