Episode from the podcastListen Money Matters - Free your inner financial badass. All the stuff you should know about personal finance.

Personal Capital Deep Dive With the CEO Bill Harris

Released Monday, 3rd October 2016
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As technology advances, it enables people to become more connected and informed. One of the biggest effects of new technology is on the financial world. Now, investments are incredibly accessible to all people searching to live a more flexible financial life. People can invest their money more easily than ever before
 Online financial planning and management services allow people to invest money and manage their portfolios from their computers or phones.

Online management takes the guesswork out of investing. It gives users the opportunity to establish and develop a portfolio of investments with ease. Because let’s face it, we aren’t Warren Buffett. Picking the right stocks, at the right time, and holding on through the ups and downs, can be impossible.
 Enter Personal Capital
 One such online investment platform, Personal Capital, has made a name for itself as a comprehensive investment checkup tool that offers a range of services at a low cost. But does this platform live up to the hype?
Below you will find a comprehensive Personal Capital review—the pros, cons, and whether or not it can help you improve your financial situation.
Let’s get started.
About the Personal Capital app
Personal Capital has been around since 2009, and the platform has since developed a user base of more than 165 million investors. These investors have a combined account holding of $7 billion.

There are two basic services offered through a Personal Capital account: free finance aggregation, and paid advisory service.
Most advisors use the free aggregation tools, but higher net worth investors tend to opt for the paid service.
To be eligible to use their paid services, investors must have at least $100,000 to start their accounts. Personal Capital targets these higher net worth investors with its paid service.  This helps bolster its free service for other users.
Therefore, the platform truly offers something for everyone.
There are several different features that investors using Personal Capital have access to. And, the platform is frequently expanding to increase its offerings.
Personal Capital budgeting
Having a budget—and sticking to it—is one of the best things you can do for your short and long-term financial health.
Unfortunately, budgeting can be a struggle for many people. The Personal Capital budgeting tool draws information from your various bank accounts to help keep track of how much you’re spending and what you are paying for.

This allows you to get a better grasp on your spending habits. And, ultimately, make changes to help support your saving and investment goals.
Personal Capital retirement planning
When people start investing, they often do so in an attempt to prepare for retirement. The retirement planning tool offered by Personal Capital. It gives users an overview of their retirement savings to help them stay on the right track.

You can use this tool to help you determine whether you are saving aggressively enough. It will tell you then are you meeting your retirement goals on time.
Personal Capital users can access this feature from the online dashboard or on the iPad, iPhone or mobile app.
Account integration options
Personal Capital enables you to plug in cre...
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