| Website |
https://www.interactivebrokers.com/ |
https://www.personalcapital.com/ |
| Pros |
- Apps for every platform.
- Just about every trading option you can imagine.
- Lots of day trading options.
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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 |
- So much security, you’ll need to confirm your account 10x to just get setup.
- Advanced configuration and options require training to use.
- Extreme overkill if you’re aiming to just invest in ETFs and mutual funds for retirement.
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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 |
- Depending on your tier, free trades for ETFs and mutual funds.
- Minimum $0.35 per stock trade.
- Somewhat confusing fee structure.
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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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