Join Early Retirement Today
Reply
 
Thread Tools Search this Thread Display Modes
Is anyone using personalcapital.com?
Old 11-11-2018, 05:16 PM   #1
Dryer sheet wannabe
 
Join Date: Jan 2018
Posts: 10
Is anyone using personalcapital.com?

I got a post card yesterday. It’s from personalcapital.com
At first I thought it was from my bank. It had similar colors. They are offering a free retirement planner and an app. It says they have millions or users. They want you to create an account and link your to it. On the surface it seems like a firecalc.
__________________

bigadventure is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Old 11-11-2018, 05:22 PM   #2
Confused about dryer sheets
 
Join Date: Aug 2018
Posts: 8
I signed up a long time ago but got too many calls from them to use their account management that I quit. When I used it, it looked like an account aggregator (you give them login info to all your brokerage accounts) so you can see the big picture.

It seems like a ton of FIRE bloggers "use and recommend" personal capital as well. I assume they have a fairly good affiliate program if you get people to sign up.
__________________

firedata is offline   Reply With Quote
Old 11-11-2018, 05:25 PM   #3
Full time employment: Posting here.
 
Join Date: Oct 2014
Posts: 571
I have been using it for over a year now. I link all of my acounts. Periodically they try to get the hook in me for a financial review. I don't bite. I don't need that from them. I only use it to track all my financials.
__________________
-Big Dawg-FI since 9/2010. Failed ER in 2015. New target 2020.-

-"Blow that dough"-Robbie

" People say I'm lazy, dreaming my life away Well, they give me all kinds of advice designed to enlighten me When I tell them that I'm doing fine watching shadows on the wall "Don't you miss the big time, boy. You're no longer on the ball" -John Lennon-
Bigdawg is offline   Reply With Quote
Old 11-11-2018, 05:29 PM   #4
Thinks s/he gets paid by the post
 
Join Date: Nov 2015
Posts: 1,081
I talked with them. They do a good job of trying to sell you. But at end of the day I found that their performance wasn't as good as just investing in S&P etf, and then you pay them 1% for that. When you peel back what they do it's basically creating another ETF fund made up of other ETF's. I took a pass. I use Quicken to aggregate my accounts, have no need for them.
bobandsherry is offline   Reply With Quote
Old 11-11-2018, 06:10 PM   #5
Thinks s/he gets paid by the post
 
Join Date: Jun 2004
Location: No. California
Posts: 1,654
I opened an account once and linked all my accounts to it. I did like being able to view all the accounts in one spot, but started getting calls from them to invest my assets with their advisors. I ended up deleting my account because of the calls.
KB is offline   Reply With Quote
Old 11-11-2018, 08:01 PM   #6
Recycles dryer sheets
 
Join Date: Jun 2014
Posts: 110
I use it to track my net worth. They stop calling after awhile.
Toocold is online now   Reply With Quote
Old 11-11-2018, 09:18 PM   #7
Dryer sheet wannabe
 
Join Date: Nov 2015
Posts: 18
I have been using it for a little over a year, and I find it is a good aggregator of all of my accounts, including estimated property values tied to Zillow. It’s quick and easy. I have only gotten two calls, and I let them both go to voicemail and never called back. We have about 12 accounts all linked, so we like it for that.
Rowej is offline   Reply With Quote
Old 11-11-2018, 09:29 PM   #8
Thinks s/he gets paid by the post
 
Join Date: Jun 2016
Posts: 1,905
I used them for awhile to aggregate my accounts. I then created a spreadsheet to do the same and deleted the data from their app. I thought it’s one less entity to have all my sign ins. I stopped using them about 18-24 months ago.
COcheesehead is offline   Reply With Quote
Old 11-11-2018, 09:49 PM   #9
Full time employment: Posting here.
 
Join Date: Jun 2017
Location: Chicagoland
Posts: 664
Quote:
Originally Posted by Rowej View Post
I have been using it for a little over a year, and I find it is a good aggregator of all of my accounts, including estimated property values tied to Zillow. It’s quick and easy. I have only gotten two calls, and I let them both go to voicemail and never called back. We have about 12 accounts all linked, so we like it for that.
Same here. I like being able to see all my accounts in one place. I did “delink” Zillow as the estimated value for my property is way off.

Like others, I started getting sales calls from them. So, I edited my profile and changed the phone number to the local IRS office. I trust the feds are happy with PersonalCapital’s FA service.
CoolRich59 is offline   Reply With Quote
Old 11-11-2018, 10:03 PM   #10
Thinks s/he gets paid by the post
Ready's Avatar
 
Join Date: Mar 2013
Location: Southern California
Posts: 2,235
I find it useful to keep track of transactions and account balances. I put an erroneous phone number in my profile so I’ve never been contacted. I see no reason to give them my real phone number.
Ready is offline   Reply With Quote
Old 11-12-2018, 06:38 AM   #11
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
donheff's Avatar
 
Join Date: Feb 2006
Location: Washington, DC
Posts: 9,068
Do you give all of your account login credentials to this site? What assurances of security do you have?
__________________
Every man is, or hopes to be, an Idler. -- Samuel Johnson
donheff is online now   Reply With Quote
Old 11-12-2018, 07:40 AM   #12
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Amethyst's Avatar
 
Join Date: Dec 2008
Posts: 6,862
I opened an account years ago to get a $10 incentive. Unfortunately, like most aggregators, theirs didn't recognize several of our accounts. And they pestered us to death for at least 2 years with phone calls, leaving messages about wanting to be our financial advisers.
__________________
If you understood everything I say, you'd be me ~ Miles Davis
'There is only one success – to be able to spend your life in your own way.’ Christopher Morley.
Amethyst is offline   Reply With Quote
Old 11-12-2018, 07:45 AM   #13
Thinks s/he gets paid by the post
SumDay's Avatar
 
Join Date: Aug 2012
Posts: 1,120
I mainly rely on Quicken, but like being able to use Personal Capital from my phone or tablet. I like the Net Worth, investment performance and transaction aggregators. They did call a couple of times, but apparently got the hint because I never answered.

Harmless, helpful and free. I haven't found a downside in using them.
__________________
Retired 8/30/2018 @ 61
SumDay is offline   Reply With Quote
Old 11-12-2018, 08:04 AM   #14
Recycles dryer sheets
 
Join Date: Jul 2016
Location: Chicago
Posts: 65
I've used PC for about 3 years. I like being able to see my holdings and allocation over 3 different brokerages (VG, Fido, TD). You can also drill down and see allocation across sectors. The robo recommendations on fees and allocation is nice to have as well. I get maybe one call per quarter, and a simple "no thanks" is all it takes.
HarveyS is offline   Reply With Quote
Old 11-12-2018, 08:04 AM   #15
Full time employment: Posting here.
 
Join Date: Jul 2013
Posts: 542
Quote:
Originally Posted by Toocold View Post
I use it to track my net worth. They stop calling after awhile.
+1

I use them to track our portfolio and NW. The occasional sales calls are simply ignored.
mrfeh is offline   Reply With Quote
Old 11-12-2018, 08:18 AM   #16
Full time employment: Posting here.
 
Join Date: Mar 2012
Posts: 553
Quote:
Originally Posted by donheff View Post
Do you give all of your account login credentials to this site? What assurances of security do you have?
This is always my concern with account aggregator sites - I really do not trust any of them and so, though I may be denying myself of some really good apps, I pass. These folks at Personal Capital do have a good security approach, and utilize a third party (Yodlee) which is a trusted entity in this space...sort of works like Paypal - an intermediary that actually maintains all of the credentials.

Notwithstanding, it's obvious to me that by creating an account on their site and linking up to all your outside accounts, their advisors have full access to review your information. I went ballistic a few years back when making a deposit at my bank branch and the teller quickly reviewed my information while I was standing at the counter and was trying to get me to set up an appointment to meet with one of their advisors. I certainly would not go for what these folks are doing and may be doing with my personal info - even if just internally.

Remember - you rarely get anything for free.

https://www.personalcapital.com/fina...tware/security
njhowie is offline   Reply With Quote
Old 11-12-2018, 08:36 AM   #17
Full time employment: Posting here.
CaliKid's Avatar
 
Join Date: Apr 2016
Location: Cali
Posts: 768
I have used them for almost 3 years and really like them as an aggregator of our assets. It recognizes 100% of our accounts (and we have a couple of odd ball ones), uses zillow to value most real estate if you want, updates values daily, and is simple to navigate. I do not use it for much more than the aggregation but it can show you diversification, spending and projections for the future. I spoke with their sales guy and they tried to sell individual security ownership not funds. They had some whiz bang theory about it which I didn't go for. They call once or twice a year, goes to voice mail, I delete it, and that's that. The security issue is a concern though not a major one to me. However, certainly it's not one to ignore anytime you give your login credentials out.
__________________
______________________
Hoping to get out around September 1, 2022... I hope, I hope, I hope. Until then off to work I go....
CaliKid is offline   Reply With Quote
Old 11-12-2018, 09:54 AM   #18
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Chuckanut's Avatar
 
Join Date: Aug 2011
Location: West of the Mississippi
Posts: 7,913
I do not use the service. After all the cases of big companies not being able to protect my confidential data - often due to incompetence and mismanagement - I no longer trust them to do so. Thus, I would not give my account data to any outfit other than the one's I directly do business with, and I have a legitimate need for them to know the information.
__________________
The worst decisions are usually made in times of anger and impatience.
Chuckanut is offline   Reply With Quote
Old 11-12-2018, 10:01 AM   #19
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
RonBoyd's Avatar
 
Join Date: Dec 2007
Location: Denver, Colorado
Posts: 5,476
I have used Personal Capital for quite a number of years (search this forum for many threads on this subject).

Anyway, they have not tried to contact me in well over a year... and even then, it was only about once a year.

I have not had a problem with it recognizing all of our accounts. However, the few time I did, it was always the account's fault and PC's tech people took care of it quite quickly.

In any event, I have come to the "can't live without" stage with their Daily Monitor e-mail.
__________________
"It's tough to make predictions, especially when it involves the future." ~Attributed to many
"In theory, there is no difference between theory and practice. But, in practice, there is." ~(perhaps by) Yogi Berra
"Those who have knowledge, don't predict. Those who predict, don't have knowledge."~ Lau tzu
RonBoyd is offline   Reply With Quote
Old 11-12-2018, 10:31 AM   #20
Full time employment: Posting here.
 
Join Date: Jul 2013
Posts: 798
Quote:
Originally Posted by RonBoyd View Post
I have used Personal Capital for quite a number of years (search this forum for many threads on this subject).

Anyway, they have not tried to contact me in well over a year... and even then, it was only about once a year.

I have not had a problem with it recognizing all of our accounts. However, the few time I did, it was always the account's fault and PC's tech people took care of it quite quickly.

In any event, I have come to the "can't live without" stage with their Daily Monitor e-mail.
Ditto on everything! Been using it for 3+ yrs now. I used to use Mint before PC which I still do but I like PC better for investment tracking as well as retirement planning much better. In my retirement planner I have SS payments, DD's wedding, college all milestones in there.
__________________

__________________
Target FI age /year: 50/2025
dvalley is offline   Reply With Quote
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Anyone using HSAs? lazyday FIRE and Money 30 12-01-2005 01:52 PM
Anyone using a Buy-Write Closed End Fund? Olav23 FIRE and Money 7 09-16-2005 07:51 PM
VoIP -- Anyone Using? *Quality? Tommy_Dolitte Young Dreamers 18 01-30-2005 12:00 PM
Anyone using Institutional Money Managers DFW_M5 FIRE and Money 9 01-15-2005 12:40 PM
Anyone Using Portfolio Optimization Software? Bob_Smith FIRE and Money 1 11-24-2003 02:27 PM

» Quick Links

 
All times are GMT -6. The time now is 08:37 AM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2018, vBulletin Solutions, Inc.