Personal capital vs quicken how to#
Personal capital vs quicken full#
Personal capital vs quicken plus#

Your financial advisor can be contacted by phone, email, or by online chat. That advisor will give you a personalized analysis of your investments and recommendations as to what you can do with your portfolio.

Personal capital vs quicken full#

With the free version, you get full use of the Personal Capital platform as well as a free consultation from a financial advisor. Whichever version you use, your account is actually held by Pershing Advisor Solutions, who acts as trustee for your account. Personal Capital offers a free version and a premium version that features direct investment management.

Seriously, major points for Personal Capital from me on this one. Whereas normal brokers get paid commissions by getting you to churn your investments over and over (which costs you thousands of dollars in lost percentages here and there), Personal Capital is putting a requirement on themselves to put your interests above theirs. Fiduciary duty means the party has a legal obligation to put your interests above their own. This is absolutely key with any financial advisor you talk to, whether in person or online. We accept a fiduciary obligation to act in your best interest, and our advice must be aimed at making money for you, not for us. In stark contrast, Personal Capital is an investment advisor. They are salespeople paid to push products, earning commissions and kickbacks when they do. Objective Advice: The sorry truth is that bankers and brokers are motivated to help themselves, not you. There were two words I saw on Personal Capital’s website that made my heart skip a beat. “Okay, great, but why should I trust these new guys?” I’ve got to be honest with you.

Personal capital vs quicken how to#

What’s more, these wealth advisors aren’t really there to teach you how to put together a budget, they strictly manage your money. So, while these advisors can certainly be excellent, they’re mostly unreachable unless you have millions of dollars to invest.

Personal capital vs quicken plus#

They charge either a percentage of assets managed or a flat hourly rate that can run as high as several hundred dollars per hour, plus trading commissions and administrative fees. You see, financial advisors that focus primarily on wealth management can be costly to keep around.

Provide investment options that are tailored to your goals.

Get objective investment advice designed to make you – not the advisor – money.

Monitor all of your financial accounts in real-time – whether checking account, certificate of deposit, or retirement account.

Personal Capital is an online tool, available from your desktop or phone, that will help you:

Fiduciary duty to act in your best financial interest.

Premium wealth management option for an annual, all-inclusive fee.

Aggregate all of your accounts and then receive an investment-related analysis of your entire portfolio.

Suite of investment tools and access to a financial advisor, completely free.