personal capital

Have a question about your personal investments? No matter how simple or complex, you can ask it here.
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bogleboyz
Posts: 64
Joined: Sat May 21, 2016 2:30 am

personal capital

Post by bogleboyz » Tue Sep 05, 2017 12:45 am

Has anyone had experience with personal capital ?

I recently started using their dashboard which is great.
I got a call from one of their advisors. their main sales pitch was aggressive TLH and that they would create your own index of stocks instead of total stock market which is heavily weighted by the larger companies. They would lock in the gains in different sectors if they went up while the index would remain the same. they are going to send me their recommendations and then will schedule another call
Has anyone had any experience with them?
i am currently invested in only index funds.

any input would be appreciated

mhalley
Posts: 5135
Joined: Tue Nov 20, 2007 6:02 am

Re: personal capital

Post by mhalley » Tue Sep 05, 2017 12:54 am

The app is great, the investment product not so much. I listened to their pitch once but now let them go to voicemail. If you are looking for management then a robo, fidelity go, schwab int. Portfolio or vanguard pas.
You should know how bogleheads feel about stock picking after a very cursory review of the forum.

Purelife304
Posts: 221
Joined: Sun Dec 14, 2014 12:17 pm

Re: personal capital

Post by Purelife304 » Tue Sep 05, 2017 4:44 am

i joined about a year ago.
Ended up taking off my investment accounts as I was looking at it several times a day even though it updates only once a day (see obsession)
Now only my expenses are being pulled in, which is great, and I really enjoy their budgeting tool, everything is categorized automatically with easily reclassifications and differentiation between reimbursables and business items.
I've got some 0% credit card debit floating and Personal Capital reminds me that my net worth is negatice everything I log in, which is good motivation to get it paid off.
As far as their investment scheme, never entertained their calls or emails.
:sharebeer

bada bing
Posts: 28
Joined: Fri Sep 09, 2016 10:45 am

Re: personal capital

Post by bada bing » Tue Sep 05, 2017 5:34 am

Mint.com dashboard works as well or better than personal capital and they
won't be cold calling or sending unsolicited emails.

aristotelian
Posts: 3022
Joined: Wed Jan 11, 2017 8:05 pm

Re: personal capital

Post by aristotelian » Tue Sep 05, 2017 6:13 am

The app/website is fantastic. I ignored the phone calls and eventually they went away.

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Tamarind
Posts: 639
Joined: Mon Nov 02, 2015 2:38 pm

Re: personal capital

Post by Tamarind » Tue Sep 05, 2017 6:41 am

I find that Personal Capital is a better tool than Mint for investment tracking and use it for that. I use Mint for expenses and budgeting.

Their advising product is, like any financial advising product, not really something a Boglehead needs. I do appreciate that they are transparent about what they suggest so that it's easy to see you could do it yourself if it were worth doing. I got one call, and explained politely that I was not interested. No emails or calls since.

student
Posts: 1331
Joined: Fri Apr 03, 2015 6:58 am

Re: personal capital

Post by student » Tue Sep 05, 2017 7:01 am

I use for a couple of years and I like the tools. In my experience, the tool is similar to the one from Fidelity. I have only received a call from them once.

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CyclingDuo
Posts: 840
Joined: Fri Jan 06, 2017 9:07 am

Re: personal capital

Post by CyclingDuo » Tue Sep 05, 2017 7:57 am

bogleboyz wrote:
Tue Sep 05, 2017 12:45 am
i am currently invested in only index funds.
As long as your AA is appropriate for your risk tolerance and needs - that's all you need.

PC is nice to have for aggregating your financial picture, but you don't need to pay them the AUM to use it. They have an aggressive sales staff - which you have already discovered. Make sure you are prepared and ready to say "no thank you" on the next call. And on each subsequent follow up call. Plenty of firms would be happy to collect an AUM fee from investors, but you can absolutely do it all yourself.

Meanwhile, enjoy the dashboard and features of the app/website. It is quite nice. 8-)

MittensMoney
Posts: 72
Joined: Mon Dec 07, 2015 10:59 pm

Re: personal capital

Post by MittensMoney » Tue Sep 05, 2017 12:26 pm

Personal Capital's advisory service isn't really intended for Bogleheads. It makes sense for any investor who currently works with a 'traditional' advisor (think Ed Jones, Schwab, Fidelity, Northwestern Mutual, Raymond James). Essentially, people that need help for whatever reason from an FA, should hire Personal Capital because they're willing to pay for help. If you can manage your assets well by yourself and are happy to log in rely on a forum like this to get the advice a dedicated FA would provide, then there really isn't a point to hiring them.

Sum-day
Posts: 17
Joined: Sat Apr 13, 2013 1:58 pm

Re: personal capital

Post by Sum-day » Fri Oct 06, 2017 1:25 pm

Does Personal Capital work if you have two factor authentication set up on your accounts (Vanguard and bank account)?

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whodidntante
Posts: 2198
Joined: Thu Jan 21, 2016 11:11 pm

Re: personal capital

Post by whodidntante » Fri Oct 06, 2017 2:05 pm

Sum-day wrote:
Fri Oct 06, 2017 1:25 pm
Does Personal Capital work if you have two factor authentication set up on your accounts (Vanguard and bank account)?
I don't have a vanguard account but it does work with two factor authentication on other accounts I have. An attempt to refresh will prompt you for the authentication token.

David Scubadiver
Posts: 522
Joined: Thu Mar 24, 2016 8:40 am

Re: personal capital

Post by David Scubadiver » Fri Oct 06, 2017 2:25 pm

bogleboyz wrote:
Tue Sep 05, 2017 12:45 am
Has anyone had experience with personal capital ?

I recently started using their dashboard which is great.
I got a call from one of their advisors. their main sales pitch was aggressive TLH and that they would create your own index of stocks instead of total stock market which is heavily weighted by the larger companies. They would lock in the gains in different sectors if they went up while the index would remain the same. they are going to send me their recommendations and then will schedule another call
Has anyone had any experience with them?
i am currently invested in only index funds.

any input would be appreciated
Their performance numbers are no better than buying their benchmark etfs. The only reason they beat the index is because they assume you are paying a management fee.

Texanbybirth
Posts: 587
Joined: Tue Apr 14, 2015 12:07 pm

Re: personal capital

Post by Texanbybirth » Fri Oct 06, 2017 2:32 pm

One of the things I don't like about their new scenario organizer is that planning for college expenses was downgraded. I used to be able to account for future children in my planning, but now all birth dates must be prior to the current date. It has messed up my retirement analyzer because I can no longer adjust the cost for these future expenses without updating the information in the college planner section, at which point I have to admit that I'm trying to plan for unborn children and then the planner doesn't like that.

All-in-all it's a pretty neat website, and the service is free to I can't complain too much. It seems to work with my Vanguard account, which is signed up for 2FA, without any additional promptings.

aristotelian
Posts: 3022
Joined: Wed Jan 11, 2017 8:05 pm

Re: personal capital

Post by aristotelian » Fri Oct 06, 2017 2:34 pm

Sum-day wrote:
Fri Oct 06, 2017 1:25 pm
Does Personal Capital work if you have two factor authentication set up on your accounts (Vanguard and bank account)?
Definitely works with Vanguard. Hit or miss with some banks. Does not work with Treasury Direct. Sometimes works with my credit union HSA. Some banks give you a separate password for the tracking websites to access your accounts without giving them your full login credentials, which is cool.

Nearly A Moose
Posts: 555
Joined: Fri Apr 22, 2016 5:28 pm

Re: personal capital

Post by Nearly A Moose » Fri Oct 06, 2017 2:38 pm

They have fairly hefty management fees for a robo advisor last time I checked. I had strongly considered the Personal Capital / Betterment approach, which is what ultimately led to Bogleheads and my DIY approach. I'm thus far quite happy with the result (ask me again in 30 years :D ). I find their aggregator service very helpful for quick check-ins, although I manage my own spreadsheet with all the topline numbers I want to track on a monthly/quarterly basis. That way I'm not hostage to changing platforms, service issues, etc. But I do like their service and their visualizations. Their retirement planning tool is also useful, especially for running multiple permutations that I'd rather not have to do manually in Excel. But they could provide better documentation of what they're doing under the hood so you know whether you agree with their assumptions and methods.

As far as their portfolio goes, TLH is good, but I think it only goes so far. Think of it as a marginal boost, not turbocharging the portfolio. And you do eventually have to pay those taxes unless you can hold the fund until your demise, so while you might be able to take some tax arbitrage and trade on the time value of money, you ultimately will either pay those taxes sometime or never see the money yourself. I'm sure someone has published some good research on this.

From what you've described -- building their own stock portfolio that has fewer large companies than "the index" (presumably the S&P 500 or something) -- they're building a portfolio with a tilt toward small or value or small and value. If that's what you want to do, no reason you can't do it yourself right now. Just swap out some percentage of your Total Stock Market style fund for a Small Cap or Small Cap Value fund. Then keep going about life, TLH from time to time if that's your thing, and continue not paying their management fee.
Pardon typos, I'm probably using my fat thumbs on a tiny phone.

chuppi
Posts: 121
Joined: Sat Jun 16, 2012 9:47 am

Re: personal capital

Post by chuppi » Fri Oct 06, 2017 3:17 pm

Based on the suggestion here, I setup an account on personal capital. I really like their dashboard. I got a call as well suggesting the 20minute complimentary call with the advisor. I told them that I will not be signing up for their investment advice service and don't want to waste their time with the initial call.

I mainly went there to get a handle on my credit card and day to day expenses. I think I made the mistake of giving them too much information about myself. I have now deleted all the investment accounts.

SEAworld9
Posts: 37
Joined: Fri Jun 23, 2017 10:13 am

Re: personal capital

Post by SEAworld9 » Fri Oct 06, 2017 4:18 pm

i use PC and love it. easy to track cash flows, net worth, investment accounts, etc.

just let the calls go to voicemail or answer once and tell them you're not interested. if that's price of using this great tool, i'm in.

FoolMeOnce
Posts: 46
Joined: Mon Apr 24, 2017 11:16 am

Re: personal capital

Post by FoolMeOnce » Fri Oct 06, 2017 4:26 pm

I use the website and app. I did the video call pitch once. It was interesting to hear, and they are very transparent in sharing their equal sector weighting strategy with you, but the fee is quite high.

It is higher than robos because they see themselves as not being a robo service. And, true, you would have a real live advisor. But still, that advisor had almost no discretion and just carries out the algorithm.

adman_c
Posts: 10
Joined: Sun Oct 16, 2016 8:35 pm

Re: personal capital

Post by adman_c » Fri Oct 06, 2017 4:42 pm

I have nothing particularly bad to say about PC, but I don't think they're well-suited to Bogleheads. If you (or your SO/family) want the "security" of having an actual human financial planner, they are certainly less awful than most AUM shops. Their investment plan is fine, but I doubt it would beat a 3-fund portfolio over time, and certainly not by enough to justify paying the AUM fee forever.

I had my assets managed there for about 18 months, including a sizable taxable account. I had transferred to PC from Morgan Stanley, where I was getting absolutely fleeced: 1.5% AUM, plus high expense-ratio funds. So PC's 0.89% with no garbage funds seemed like a bargain in comparison. Of course, after a couple of months with PC I discovered Bogleheads, and I realized that even 0.89% was too expensive. I recently moved the bulk of my funds out of PC and into a low-cost brokerage, where I'll slowly rebalance away from the individual stocks and into broad market ETFs. It'll happen pretty slowly unless and until we have a pretty significant correction, however. With the rise in the market over the last 12 months, I have a lot of unrealized gains. The individual stock portion of the portfolio does a decent job of tracking the broader market since it's so many stocks (just under 100), so for now, I'm holding my existing positions while adding new money to VTI/VXUS/BND.

giesen5
Posts: 267
Joined: Wed Jan 27, 2016 1:44 pm
Location: Bellingham, WA

Re: personal capital

Post by giesen5 » Sat Oct 07, 2017 1:05 am

Like others, I use the dashboard and love love love that feature.

bironology
Posts: 35
Joined: Sun Nov 08, 2015 6:18 pm

Re: personal capital

Post by bironology » Sun Nov 19, 2017 6:34 am

bada bing wrote:
Tue Sep 05, 2017 5:34 am
Mint.com dashboard works as well or better than personal capital and they
won't be cold calling or sending unsolicited emails.
not yet... just wait. They need to make money someday.

bironology
Posts: 35
Joined: Sun Nov 08, 2015 6:18 pm

Re: personal capital

Post by bironology » Sun Nov 19, 2017 6:39 am

Nearly A Moose wrote:
Fri Oct 06, 2017 2:38 pm
I'm thus far quite happy with the result (ask me again in 30 years :D ). I find their aggregator service very helpful for quick check-ins, although I manage my own spreadsheet with all the topline numbers I want to track on a monthly/quarterly basis. That way I'm not hostage to changing platforms, service issues, etc.
Agree, I run my financial planning life on Excel, with pretty sophisticated workbooks I've built for myself over many years. I use PC as a convenient way to rifle through my holdings in all of my accounts when I do my own quarterly asset allocation review. I punch in the latest values that PC has aggregated for me into my spreadsheet. This saves me probably an hour or two each quarter, which seems like a good value since the service is free. And the calls and emails from the advisors don't bother me too much. Just a drop in a proverbial bucket of general spam I get.

Sum-day
Posts: 17
Joined: Sat Apr 13, 2013 1:58 pm

Re: personal capital

Post by Sum-day » Sun Nov 19, 2017 7:04 am

I've been reluctant to sign up for Personal Capital because I'm afraid of potential security issues. That concern may or may not be warranted but, considering how many people seem to love the features offered by PC I am surprised Vanguard (or Fidelity, Schwab, TD Ameritrade, etc.) does not offer something similar.

Vanguard's Portfolio Watch is good to track asset allocation, risk exposure, fund type, expenses, etc. but, we can get the same from Morning Star. It seems like Vanguard could really separate themselves from the pack, in one additional way, if they offered a similar function to PC.

I assume Vanguard must already have an army of IT people at the ready just waiting for a new project to work on. Probably could knock this PC cloning project out in a day or two :shock:

Should the Bogleheads rise up and ask (demand) ...or am I just dreaming?

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