There is more to money than just budgeting. While budgeting and planning help you save the money you have earned various other things like investing in the right place and getting the right advice help you grow the amount you’ve earned. Personal Capital understands this. This application doesn’t need an introduction.
Personal Capital is an award-winning application with multiple acknowledgments to its name like “2017 Personal Best List” – Kiplinger, “2014 & 2015 CNBC Disruptor 50 List” – CNBC, “Best 5 Free Apps to Invest Smarter” – CNN, “Staff Pick” (2013, 2014) – Google Play, “One of the top Registered Investment Advisors (RIA) in America” – The Financial Times.
Everything You Should Know About Personal Capital Personal Finance Apps of 2018
Personal Capitals name precedes itself but unlike most famous applications it lives up to all the expectations that come along with its fame. This application is the amalgamation of some of the best financial tools that help a person save and grow his or her capital.
It has the basic features such as cash flow tools that help you create and follow a budget and limit your expenditure, and features to help track your investments. But along with that, this application brings out some extremely unique features to the field. It lets you connect with some experienced financial advisors who give you personalized investment advice. It also has a built in investment intelligence tool that lets you compare your portfolio’s allocation to the ideal target allocation and see how well your investments are doing and helps you uncover opportunities for diversification, minimize risk, and pinpoint hidden fees to fine-tune and improve performance.
Are you overwhelmed yet? We have another mind blowing point to put forward. You can get started with this application for free. Yeah we know that’s extremely impossible to believe go ahead and pinch yourself this fact definitely isn’t changing.
Since we have put forth all its features we can summarize that this application is definitely for hard-core financial enthusiasts who have interest in more than just budgeting and saving but advanced investing and other financial practices. Having said that, no one is stopping you from using this application even if you want it only for budgeting. Budgeting eventually is a small step towards the more advanced financial practices.
This application, boasting of more than hundred thousand installs on playstore and about the same number on AppStore is available for download on both platforms for android as well as iOS users. While android users need a 4.0 and above android version, iOS users need 9.0 and later. The latest version of this application makes it applicable for 11.0 iOS version too. Thus also making it compatible with Siri. Now you can make Siri give you a summary of your investments, check current balance and much more. Along with this Personal Capital is also compatible with Iphone, Ipad and Ipod Touch. It also supports family sharing.
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This application, by the Personal Capital Corporation, bags a high rating of 4.8 and 4.5 on AppStore and PlayStore respectively. Along with that investorjunkie.com gives it a high rating of 9.5 out of 10.
Larry Ludwig says “Personal Capital’s personal finance software is currently the best online service to monitor your portfolio. It does right with investing, whereas Mint does not. This is why Personal Capital is on our list of recommended investment tools.
In fact, I like Personal Capital so much that it has replaced Quicken for managing my finances.
The retirement planner is second to none; I found it very useful to perform a number of role-playing situations. Their investment checkup tool is great for high-level recommendations.
For me, I’m not sure I would use the wealth management service. However, there is a valid argument why someone would want to use this service instead of doing it themselves. Compared to traditional advisors, the service is cheaper than the standard 1% to 2% advisors normally charge, though it’s not cheap when compared to competing robo advisors.
For those who don’t know how to allocate their investments appropriately, however, Personal Capital is a godsend. If this describes you, then you should consider their lower-than-average-cost financial advisory service.
There you have it folks a “godsend” financial application. Don’t forget to tip the messengers.