Features

Personal Capital is a financial service that combines a full wealth management suite with Mint-like money management features, and allows you to sync up all your financial accounts into one simple and intuitive platform. The portfolio aggregator and money management service is free. The idea is that it will act as a hook for Personal Capital’s paid advisory service.

Personal Capital was launched in 2011 in Redwood, California, by Bill Harris: the former CEO of PayPal and Intuit. As of September 2015, it has 850,000 registered users, tracks $175 billion and has $1.5 billion as assets under management.

Who Is Personal Capital Designed For?

Personal Capital is designed for people who want to track their day-to-day expenses but are even more interested on their mid and long-term investment planning. While Mint is designed for people who are just beginning to take control of their finances, Personal Capital gives already savvy operators the tools they need to improve their financial game plan.

How Does Personal Capital Work?

Personal Capital allows you to link all your account so you can manage your whole financial life: from paying you electric bill to your 401(k), in one place. This allows you to get a complete picture of your net worth and also spot hidden fees that are draining your savings.

Personal Capital’s access to all your accounts allows it to get a close look at your finances, help you evaluate your spending habits, and provide a personalized portfolio management plan. All under the same roof.

The financial advisory side of the company draws a middle line between active management brokers and robo-advisors. While Personal Capital uses many of the methods robo-advisors use to cut down profit-eating fees and commissions, it also assigns two licensed financial advisors to manage each account. The only catch is you must have at least $100,000 in assets to get the full “personal” touch.

How Much Does Personal Capital Cost?

Personal Capital’s money tracker and portfolio aggregator service is free. Its financial advisory service is priced as an all-inclusive fee that is a percentage of the assets under management. The percentage is lower the more assets you have under Personal Capital.

Clients with:

  • under $1 million in assets pay a flat 0.89% fee.
  •  $1 million to $3 million pay 0.79%
  •  $3 million to $5 million: 0.69%
  •  $5 million to $10 million: 0.59%
  •  over $10 million: 0.49%

How is Personal Capital Better Than Other Wealth Management Companies?

Personal Capital gives you the chance to look at your finances under the microscope and still get a big picture of your financial health. This allows you to streamline your day-to-day spending and manage your investment accounts under one roof. Personal Capital’s platform is simple and intuitive and makes it possible for financial advisors to take a holistic look at their clients’ assets so they can provide truly personalized portfolio management advice.

If you have a net worth of $100,000 or more and you’re not completely sold by robo-advisors trend, Personal Capital gives you the low-cost, fee-busting features you love, while still having human advisors manage your account.

  • Independent/Registered Investment Adviser
  • Software Managed
  • Asset Mgmt Fee
    0.89%
  • Commission Based
  • Fee Based
  • CPAs On Staff
  • Total AUM (in millions)
    $1500
  • Min Account
    25000
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