| Website |
https://www.personalcapital.com/ |
https://robinhood.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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- Simple Signup and account creation.
- Very large platform with millions of active users.
- Allows for investing while transferring money from your bank.
- Unlimited free trades.
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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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- Signing up is simple, but creates a brokerage (taxable) account.
- Gamification features may encourage you to trade more often.
- No retirement account options.
- Trades go through an intermediary – resulting in longer trade times.
- They can shut off access to individual stocks at any time.
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| Promotions |
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- 1 random free stock when you sign up and make a deposit valued between $3 and $225.
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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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- No fees are charged directly to you.
- Due to Robinhoods payment flow order, your trades go through an intermediary that allows Robinhood to make money when you trade.
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