Personal Capital
Sign up Here for the Best Free Financial Tools on the Planet
Personal Capital Click Here has the best financial and wealth management tools for savers, investors, and people who are serious about financial independence. Personal Capital is the leading digital wealth managers/advisors today with free financial software and free financial tools for everyone to use. The company manages over $7.5B in assets under management for clients and tracks over $250B in assets for users of their free financial tools. Personal Capital summarizes its users’ investment and bank accounts, credit cards, mortgages, and other financial details together in one place. The platform also highlights its users’ long-term fiscal health over month-to-month spending with tools such as a visual graph of their investment allocation and a 401(k)-fee analyzer. You can easily x-ray your portfolio for excessive fees, get a snapshot of your asset allocation by portfolio, track your net worth and plan for your retirement.
Personal Capital Click Here optional online investment advisory platform provides its clients with electronically facilitated wealth management services, objective advice, and strategies. Personal Capital’s charges for optional investment advisory services are based on a percentage of assets managed by the platform, including wealth management, trade costs, and custody.
Personal Capital Company Overview
Headquarters: Redwood City, California with offices in Denver and San Francisco
Description: Personal Capital is the leading digital wealth management firm.
Founders: Bill Harris, Louie Gasparini, Rob Foregger
Categories: Financial Services, Wealth Management, Finance, FinTech
Sign up link: Personal Capital Click Here
Founded: July 1, 2009
Contact: press@personalcapital.com | (855) 855-8005
Employees: ~300 as of 2H2018
Five Reasons to Use Personal Capital Click Here
1) Simplicity and Effective Time Management. Without Personal Capital Click Here, one has to log into many different financial institutions to track different financial accounts ranging from brokerage accounts, money market accounts, CD accounts, checking accounts, IRA, and my 401K. By logging into Personal Capital, you can see how everything is doing in one place. The tools give you a holistic view of your overall financial health so you know where to better allocate resources.
2) Net Worth Overview. Gone are the days where you have to use an Excel spreadsheet to manually update every single asset and liability line item to calculate your net worth. Personal Capital updates your net worth automatically as soon as you log in because all your accounts are linked. They provide a pie chart of your assets as well as gives you a historical chart of your net worth progression. If you cannot find an account in their database, you can simply add it yourself. Personal Capital will also conveniently e-mail you a weekly snapshot of your latest net worth along with how the markets did, upcoming bills, latest insightful blog posts and accounts that need your attention. Below is a sample headline snapshot.
3) Tracks Your Cash Flow. Budgeting is a basic personal finance. By tracking your income and your spending like a hawk, you will be able to save a lot more money than if you simply tried to guess everything. Think about all the times you withdrew cash from the ATM machine and had no idea where all the money went a couple days later. Aggregating all your accounts allows you to see where all your money is going. In the example above, this entrepreneur brought in over $38,000 in income and spent only $3,096. Now that’s great cash flow!
4) Recommends Specific Dollar Amounts To Invest. Financial advice is useless if there is no actionable advice. Personal Capital will recommend the specific dollar amounts to invest or reinvest in each asset class to get you to an optimal asset allocation. In this example below, the investor is too heavily weighted in cash. In order to get to his recommended target allocation, the investor needs to increase stock holdings by roughly $200,000 and bond holdings by roughly $100,000. The fun part is figuring out which index funds to invest in each category. All investment related charts and analysis can be found in the Investing tab.
5) The Best Retirement Planning Calculator. Personal Capital has the best retirement calculator on the market because it uses real data and Monte Carlo simulations to come up with the most realistic financial scenarios for your future. Other calculators simply ask you to guess input values to then come up with your financial future. The problem with this method is that we often underestimate how much we are saving and spending. You can input different life events such as a wedding or home purchase in your cash flow statement and recalculate your financial future to see how you’ll do. Below is a sample snapshot of the Retirement Planning Calculator.
Personal Capital sample retirement planner calculator. Are you on track? Sign up to find out Click Here.
Leverage This Great Technology to Build Greater Wealth
Get a handle on your finances by signing up with Personal Capital Click Here today for free and aggregating all your accounts. The financial management tools are free, takes less than a minute to sign up, and allows you to even find a personal financial advisor if interested. I spent the many years and a lot of time and effort meticulously tracking my own finances to achieve financial freedom. With Personal Capital, it truly is a joy to use this financial tool to build and maintain financial freedom!
