• Account Setup: ★★★★☆ 4/5
  • Goal Setting: ★★★★★ 5/5
  • Account Services: ★★★★★ 5/5
  • Portfolio Construction: ★★★★★ 5/5
  • Portfolio Management: ★★★★★ 5/5
  • User Experience: ★★★★★ 5/5
  • Customer Service: ★★★★★ 5/5
  • Education & Security: ★★★★☆ 4/5
  • Commissions & Fees: ★★★★☆ 4/5

Personal Capital Review [Features & Price]

Fact-checked
  • Account Setup: ★★★★☆ 4/5
  • Goal Setting: ★★★★★ 5/5
  • Account Services: ★★★★★ 5/5
  • Portfolio Construction: ★★★★★ 5/5
  • Portfolio Management: ★★★★★ 5/5
  • User Experience: ★★★★★ 5/5
  • Customer Service: ★★★★★ 5/5
  • Education & Security: ★★★★☆ 4/5
  • Commissions & Fees: ★★★★☆ 4/5

Best For

Investors who want to manage their finances and investments

STRENGTHS

  • Provides personal financial planners
  • Offers many financial services
  • Offers free tools like net worth calculator

WEAKNESSES

  • Requires minimum $100,000 as deposit
  • Suitable only for high-net-worth clients

Do you want to get help from a financial advisor, but don’t know where to begin? Personal Capital has become a popular choice amongst investors to manage their finances and investments. In this article, I’ll focus this Personal Capital review around all the features, prices, and plans available, as well as its ease of use. By the time you’re done reading, you will be able to figure out if Personal Capital is the right financial advising company for you.

Let’s get started!

What Is Personal Capital and How Does It Work?

Personal Capital is an online financial advisor, offering a combination of robo-advisory and human financial advisors. In the past, financial advisors were either completely based on AI or were fully operated by humans. Personal Capital provides the best of both worlds while also offering free robust tools.

When I first visited Personal Capital’s website, I was impressed by the variety of financial services offered by the company. These services include portfolio management, cash management, a savings planner, and more! You can choose any of these additions, link financial accounts, open tax-deferred accounts, seek professional help from financial planners, and finally, start investing!

Main Features

This Personal Capital review would be incomplete without mentioning all its important features.

Wealth Management

The first important attribute provided by Personal Capital is wealth management. You can choose to be a private client under this system, but you will have to keep an account balance of at least $200,000 to access personal financial planners. Other services under wealth management include socially responsible investing, holistic 401k management, and personal strategy.

After thorough research and looking at other reviews, it is my opinion that this feature is more suitable for those who already have a background in investing and know about its benefits.

Cash Management

To review Personal Capital effectively, let’s take a look at another important feature. The cash management plan allows you to manage your funds effectively and works similarly to a bank. It offers a joint family account to manage all your family’s finances in one place; you can also withdraw large amounts of cash without an additional fee.

In addition, it also offers FDIC insurance and does not require a minimum balance to be maintained in the account. You can link your monthly bills and have the amount automatically debited. Similarly, you can also set direct deposits for your paychecks.

Financial Tools

Personal Capital’s financial tools include a net worth calculator, savings planner, retirement planner, investment checkup, a fee analyzer, and more.

Retirement Planner

Let’s look at the Personal Capital retirement planner portion of the review. This feature, as the name suggests, helps you plan for retirement. Sounds basic, right? Personal Capital takes a step ahead and helps you run different scenarios like recession or major spendings like college. You can also include any additional income or annual savings to get a customized plan. Nicely, the company provides a free demo to guide you through the retirement planner.

Net Worth Calculator

The next financial tool provided by Personal Capital is a net worth calculator. I was very impressed by the free net worth calculator provided by the company. You can easily list your assets and liability and get your exact amount. Personal Capital reviews from people who used this also appreciated this free tool.

Investment Checkup

The investment checkup financial tool analyses your current investments and investing account, as well as helps with the diversification of your portfolio and opening tax-free investment accounts. The investment checkup also analyzes the risk of your investments and past performance.

Savings Planner

The savings planner analyzes your financial accounts and spending habits to build a financial roadmap to your savings goals. It helps maintain an emergency fund, pay down debt, and also assist with budgeting.

Budgeting

Personal Capital offers a great budgeting tool! It is an excellent resource to help manage your monthly finances while saving and investing at the same time.

Education Planner

A review of Personal Capital would be incomplete without discussing its education planner. It is not a new fact that most Americans take out federal or private student loans to fund their college tuition. Personal Capital guides you through paying your loans while also focusing on gains and assets.

Fee Analyzer

Did you know that the small fees you pay now and then can add up down the line? A lot of people don’t take these little payments into account, which often leads to miscalculation of income and savings. That being said, Personal Capital calculates every small fee to give you accurate analyses. This is one tool that is unique and provides a major advantage against Personal Capital competitors.

Feature Rating
Net Worth ★★★★★ 5/5
Savings Planner ★★★★★ 5/5
Budgeting ★★★★★ 5/5
Cash Flow ★★★★★ 5/5
Retirement Planner ★★★★★ 5/5
Education Planner ★★★★☆ 4/5
Investment Checkup ★★★★★ 5/5
Fee Analyzer ★★★★★ 5/5
Financial Roadmap ★★★★☆ 4/5
Personal Strategy ★★★★★ 5/5

Ease of Use

Personal Capital is more suitable for high-net-worth clients since it only offers personal financial advisors only when a customer has $200,000 in their account. However, free tools like net worth and retirement calculators are very easy to use. You only have to sign up or create your account with Personal Capital to access their services.

The company also offers a mobile app; based on Personal Capital app review, it is also easy to work.

To use the personalized tools, you must first sign in or create an account and choose to talk to an advisor. Depending on your finances and account balance, you will either talk to a Robo advisor or be assigned advisors to build a personal strategy for your goals.

Rest assured, even if you don’t have a personal financial advisor, the tools will help you manage your money and take you a step closer to your goals.

Plans, Pricing, and Contracts

Although the Personal Capital cost is not provided by the company, here is an estimated cost based on information from various clients.

Account Balance Tiered Fee Investments 
$100,000 to $1 million 0.89% Uses tax optimization strategies to invest in a portfolio of exchange-traded funds. 
Up to $3 million 0.79% Ability to customize portfolios to include individual stocks and EFTs 
Up to $5 million 0.69% All of the above and the ability to invest in bonds
Up to $10 million 0.59% All of the above and the ability to invest in bonds
Over $10 million 0.49% All of the above and the ability to invest in bonds

Customer Support

For a detailed Personal Capital investment review, it is important to consider customer care as well. To contact customer support, you can call their dedicated phone number or email a question. The company also has a FAQ page where you can get answers to common queries.

Personal Capital also replies to complaints on review websites like Trustpilot. This shows that they offer good customer care and are ready to help their customers.

Alternatives

Next, you can see a comparison of Personal Capital to its competitors:

Personal Capital vs Acorns

Here is an overview of Acorns vs Personal Capital.

Win Personal Capital provides human advisors along with robo-advisory services.
Lose Acorns have a competitive advantage as it does not require minimum deposits
Best for  Acorns are suitable for those who do not want to maintain a minimum balance account and do not have a high income. 

Ellevest vs Personal Capital

Here is a quick comparison of Ellevest vs Personal Capital.

Win  Personal Capital provides personal financial advisors to its customers.
Lose Ellevest caters to women’s finances and considers things like the pay gap, pause in careers, and longer life span. 
Best for  Ellevest is suitable for women who wish to invest and plan for their future. 

Is Personal Capital Worth It?

Personal Capital helps you manage your finances, invest in the long term, and provides many free tools like a net worth calculator. The company can also help you reach your spending goals, manage tax consequences, and maintain your cash flow.

Personal Capital can be extremely beneficial for people who wish to invest and plan for future goals.

FAQ

What is the Personal Capital app?

Personal Capital company has its own application called Personal Capital app. It provides several free financial tools like budgeting and savings.

How safe is Personal Capital?

It secures all data with AES-256 encryption which makes it completely safe and secure.

How can I reach Personal Capital customer service?

You can contact them on their customer service number or send them an email. Based on this Personal Capital review, the company responds to queries quickly.

ABOUT AUTHOR

I learned a lot about finance after working for a digital marketing company specializing in investing and trading stocks, forex, etc. After that, I got exposed to other verticals such as wealth management and personal finance, which further improved my understanding of the financial world.