| Website |
https://www.acorns.com |
https://www.personalcapital.com/ |
| Pros |
- Easy to use - Acorns app focuses on the simple user interface.
- Free trades
- Round Up and Invest - With an Acorns debit card, you choose to have transactions rounded up and the difference invested.
- Invests in low-fee, diversified index funds.
- Automated investing approach makes it easy to contribute.
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- Best in class portfolio analysis tool.
- Smart Weighting Asset Allocation weights your investments based on the market cap of different sectors (technology, finance, etc).
- Lower variance by weighting assets based on their sector, portfolios may fluctuate less than with a traditional S&P 500 portfolio.
- A Personal Advisor to talk to. Or 2 if you have at least $200k invested.
- No ETF expense fees since stocks are invested in directly.
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| Cons |
- Monthly fees range from $1 to $5 a month.
- Retirement accounts require a $3/month fee.
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- High advisor fees add up over time,
- Due to the complexity of a portfolio holding many stocks, it may be difficult to leave Personal Capital and manage your own portfolio.
- Will underperform the market during times when one sector outperforms for years at a time (ex: technology).
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| Promotions |
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| Fees |
- $1/month - Lite Plan (Investment account)
- $3/month - Personal Plan (Investment account, retirement account & checking account)
- $5/month - Family Plan (All of the above + kids and advice)
- Additional expenses are in the form of the expense ratio for your chosen investments.
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- Personal Capital charges a progressive advisor fee based on the amount of assets under management.
- For $1 Million and under: 0.89%.
- $1m - $3m: 0.79%.
- $3m-5m: 0.69%.
- $5m-$10m: 0.59%.
- $10m+: 0.49%.
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