Personal Capital Review - Taking Investment To The Next Level

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Personal Capital is an excellent company that is supported by successful, well established entrepreneur and big time investors. Personal Capital also has great tools investors can use to maximize their investing strategies and portfolio.

Let’s take a look on the tools and features Personal Capital has to offer.

• Personal Capital offers tax benefit tools. The tax benefit tools assist in gauging the benefit, the advantages and profits your investments can give you. The group of investor that will most benefit from this tool are experienced and big investors that usually earn big, as well.
• Universal Checkbook. Universal Checkbook is an easy to use application which enables you to withdraw and transfer money in any amount to anyone located in every part of the world for free. In addition, there are a lot more features that you can use such as the mobile deposit wherein you can deposit your checks into your bank account by taking a picture of the check on your smart phone, managing your account balance thru balance management feature among other cool features of the application.
• Net Worth Updates.Then, there are the net worth updates wherein each week, you will be receiving an email reminding you of your net worth sent by Personal Capital. This is practical and helpful if you don’t have time to check your account once in a while. This makes sure that you won’t have any problems with your account, making things run as smoothly as possible, all you have to do is to check your Inbox!
• Fee analyzer. This evaluates your account and reviews the account to verify the actual amount of money you are paying to invest. This feature helps you not to overlook fees incorporated with investing.

Now, let’s take a look at the asset allocation tools that Personal Capital provides. It clearly explains how your asset is being allocated so that you will be able to understand your investment.

If you want to know how you are performing as compared to other investors, you can check the performance checker out. This enables an investor to check his or her performance by the closest related stock index.

On top of these, you may also want to check out other available tools. These tools are mobile apps created just for your iPhone, iPad, BlackBerry and Android phones. There are also online apps that you can check which will help you better manage your investments. These applications, of course, are user friendly.

Of course, we don’t want you to miss out the most important part of investing: fees. Personal Capital has devised a five tier pricing structure for the annual fee for your investments based on your balance that is easy to follow. For an investment of $0-$249,999.99, the annual fee is 0.95%. For an investment of $250,000.00-$499,999.00, the annual fee is 0.90%. For investment ranging from $500,000.00-$999,999.99, the annual fee is 0.85%. For investing $1,000,000.00-$4,999,999.00, the annual fee is 0.80%. Lastly, for investments greater than $5,000,000.00, the annual fee of 0.75% will be assessed.

Verdict

What we admire about Personal Capital is that they are straightforward when it comes to fees. In general, I would say that Personal Capital is intended for big time investors. If you are a newbie investing a smaller amount, I would still recommend Betterment. On the other hand, if you are an experienced investor and have large funds to invest, I would definitely suggest Personal Capital.