Description
Personal Capital is a financial planning platform that provides tools for monitoring and managing your wealth. While it does not offer direct investing services like a traditional brokerage, it interfaces with a variety of accounts (bank, investment, and retirement) to provide a comprehensive view of your financial situation. Personal Capital's dashboard includes investment tracking, retirement planning, and cash flow analysis features.
- Fees: Free tools for budgeting and financial tracking. Personal Capital also offers wealth management services with fees ranging from 0.49% to 0.89% annually, depending on account size.
- Tools & Education: Provides budgeting and financial planning tools, as well as investment tracking for managing portfolios across multiple accounts. Education materials cover topics like retirement planning, budgeting, and taxes.
- Platform: Web-based and mobile apps available.
Pros:
- Comprehensive, free financial tracking and budgeting tools.
- Focuses on retirement planning and offers goal tracking features.
- Investment performance tracking for both retirement and brokerage accounts.
Cons:
- Wealth management services come with a high fee compared to robo-advisors.
- Limited direct investment options compared to traditional brokerages.
Best for:
Intermediate investors or individuals focused on holistic financial planning, retirement planning, and budgeting. Personal Capital is ideal for those who want to manage their wealth across multiple accounts and seek detailed insights into their financial health.
Link To Website: Empower.com
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