BrokAIr Reviews

Personal Capital Review

"Despite its focus on providing financial advice, Personal Capital has been criticized for its lack of transparency when it comes to the fees it charges its customers." How can a company offering financial advice be so opaque about its own finances?

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Overview of Personal Capital

Personal Capital is an online financial management and investment platform headquartered in Redwood City, California. It was founded in 2009 by Bill Harris and Rob Foregger, who have extensive experience in the financial services industry. Personal Capital provides users with a variety of tools and resources to help them manage their finances, including portfolio monitoring, retirement planning, budgeting, and access to wealth management services.



Public Opinion

Overall, public opinion of Personal Capital is generally positive. Most users praise the website and mobile app for being intuitive and user-friendly. Many users also appreciate the ability to access personalized advice from experienced financial advisors through the Wealth Management service. However, some users have criticized the high fees associated with this service.

Newsworthy Events

In 2017, Personal Capital was acquired by Empower Retirement, one of the largest retirement plan providers in the United States. In 2019, Personal Capital announced the launch of its Retirement Fee Analyzer, which allows users to compare the fees they pay on their retirement accounts with those of other providers. In 2020, Personal Capital introduced its Financial Operating System (FOS), which uses artificial intelligence (AI) to provide users with personalized financial advice based on their individual needs. Personal Capital is registered with the U.S. Securities and Exchange Commission (SEC) and is a member of the Financial Industry Regulatory Authority (FINRA).