| Website |
https://www.personalcapital.com/ |
https://public.com |
| Pros |
- 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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- Follow other investors and see what they’re investing in – including experts.
- Get feedback on your trades by making your trade history public.
- Community members offer recommendations and advice through the main feed.
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| Cons |
- 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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- Only available through the native app for iOS and Android. There is no website to access your investments from.
- Limited Accounts - Public only offers brokerage (taxable) accounts. Minafi recommends people start investing using a 401(k), IRA or Traditional IRA first before moving on to taxable accounts.
- Encouraging sharing for additional free stock grants. Those who you share with might not have enough investment platform background to understand the tax consequences of trading in a brokerage account.
- Social features and news may be informative but may cause you to make more trades than you might otherwise.
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| Promotions |
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| Fees |
- 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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- Public charges no fees for any services.
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