Should You Trust Personal Capital? A Comprehensive Review

Introduction

Personal Capital is a financial advisory and planning company that offers a variety of services, including investment management, retirement planning, and wealth management. With so many options available today, it can be difficult to choose the right financial advisor for yourself. In this article, we will take an in-depth look at Personal Capital and review its services, fees, and overall effectiveness, to help you make an informed decision about whether or not you should trust Personal Capital for your financial planning needs.

Personal Capital Services

Personal Capital offers a wide range of services that includes investment management, retirement planning, college savings planning, wealth management, and financial planning. Their investment management services offer a unique blend of digital and human advice, providing clients with customized investment portfolios that are tailored to their specific financial goals. The retirement planning services also help clients plan for their future retirements by considering their risk tolerance, income sources and retirement goals.

Personal Capital Fees

Personal Capital is committed to transparency when it comes to their fees. They charge a fee of 0.89% per year for their investment management services on portfolios up to $1 million. Many other financial advisors charge an average fee of 1% per year. Personal Capital also offers a free financial dashboard that allows customers to track their investments, net worth, and spending.

Effectiveness of Personal Capital

Personal Capital has received positive reviews from many clients and financial experts. They are known for their commitment to providing personalized financial advice and exceptional customer service. In addition, the use of their digital tools has made it much easier for clients to manage their finances.

Conclusion

In conclusion, Personal Capital is a reputable financial advisory company that offers a variety of services with relatively low fees compared to the competition. Their use of digital tools and human advice has made it easier for clients to manage their investments and plan for retirement. If you are looking for a trustworthy financial advisor that provides customized advice and excellent customer service, Personal Capital may be worth considering.