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Personal Capital Investment Advisor

in Investment Advisors from Personal Capital

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Personal Capital Investment Advisor

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in Investment Advisors from Personal Capital

SuperMoney Net Recommendation Score 0

SUPERMONEY NET RECOMMENDATION SCORE

This product is mostly not recommended by SuperMoney users with a score of 0, equating to 3 on a 5 point rating scale.

0

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.

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3 users recommend
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3 users don't recommend
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Highlights
Community Rating Mostly recommended
Minimum Initial Investment $0
Management Fee 0.49% - 0.89%
Number of Reviews 9

Personal Capital Investment Advisor Review

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

Personal Capital Investment Advisor Pros & Cons
The Good The Bad
  • Broad selection of account types.
  • Competitive investment expense ratios.
  • No minimum amount to open an account.
  • Does not offer low-cost ETFs.
  • Does not give access to human finance advisors.
  • Tax-loss harvesting not available.
  • Limited investment options.
Personal Capital Investment Advisor FAQ

What fees does Personal Capital Investment Advisor charge?

Personal Capital Investment Advisor uses a fee-only model.

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

What management fees does Personal Capital Investment Advisor charge?

Personal Capital Investment Advisor 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 Investment Advisor?

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 Investment Advisor charges an investment expense ratio that starts at 0.08%

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

Personal Capital Investment Advisor does not have a minimum amount to open an account.
Personal Capital Investment Advisor 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...
Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author’s alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.

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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.

Message From Our Editor

What We Love About Personal Capital

Personal Capital will allow you to track your monthly living expenses and your investment portfolio from one place. You can check your credit card statement and calculate your mutual funds’ fees over time, as well as compare their performance against the main market indices. They also allow you to use all the data collected from their free personal finance app to improve their management of your investments. That combination makes Personal Capital one of the best personal finance and wealth management apps around.

As a financial planning website and app, it is as good, if not better, than the best personal finance apps available. Think Mint and BillGuard but with a special focus on tracking your investments.

What Could Personal Capital Do Better?

Personal Capital charges a modest fee for some of its more advanced services like money management and financial planning. You can get some of the same services elsewhere at a lower cost. The fee also covers their one on one advice with a financial adviser.

Personal Capital is also not well-suited for those with smaller investment portfolios. They tend to target those with much greater assets rather than the casual investor, which cuts down their user base somewhat. 

Personal Capital’s Background

Personal Capital was launched in 2011 in Redwood, California, and is run by Bill Harris, the former CEO of Intuit and PayPal. The four main features of their service are: 

  • A net worth calculator that analyzes your assets and liabilities
  • A fee analyzer that tracks fees across all of your accounts
  • An investment checkup tool that compares your investments to market indices 
  • A retirement planner to help you grow your money over time

The Verdict

The personal touch of dealing with a human financial advisor is the big difference between Personal Capital and wholesale investment managers, such as SigFig and Betterment. 

Providing the option of talking face to face with an expert is a huge deal for wealthy individuals who don’t want to pay the exorbitant fees of big-time investment companies but also don’t want to trust their life savings entirely on a roboadvisor.

Personal Capital can be a great choice, but before signing up with them, be sure to check out their website for information on fees and account minimums. 

Feature Breakdown

Accounts Supported
  • Individual Non-Retirement Accounts
  • Joint Non-Retirement Accounts
  • Rollover IRA
  • Roth IRA
  • SEP IRA
  • Traditional IRA
  • Trusts

Personal Capital Investment Advisor Community Reviews

 

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SUPERMONEY NET RECOMMENDATION SCORE

This product is mostly not recommended by SuperMoney users with a score of 0, equating to 3 on a 5 point rating scale.

0

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.

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