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Anybody use Personal Capital to advise them?
Old 12-06-2017, 01:29 PM   #1
Confused about dryer sheets
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Anybody use Personal Capital to advise them?

I was wondering if anyone uses Personal Capital to advise them or heard anything good or bad about them. I use their free tracking services and got a call to set up a phone discussion. I decided to hear their pitch and they use tactical weighting and tax loss harvesting and invest primarily in individual securities.

I am 90% in mutual funds and they would gradually sell them off. For this, I would get 2 dedicated advisers and would be charged .079 percent of assets which would cost me anywhere from $8,000-$12,000/year depending how much I would put in.

At this point I am taking care of my own investments, but was just looking for feedback, both pro and con.


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Old 12-06-2017, 01:34 PM   #2
Recycles dryer sheets
Lawrencewendall's Avatar
Join Date: Feb 2017
Location: Severn
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I've been using their free service/website for over a year with no complaints. I like that it can see into my TSP when listing AA and I can compare different retirement scenarios. I don't need a FA so I ignore the popups.

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Old 12-06-2017, 01:39 PM   #3
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Lets see their results compared to a simple three fund portfolio. Or compare their returns on their proposed portfolio to your current portfolio.

The percentage seems low.

I like the tracking software but will pass on the overly complex and unproven investment approach.
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Old 12-06-2017, 01:59 PM   #4
Recycles dryer sheets
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Location: DC area
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I listened to their pitch. My AA was already pretty close to the free model you can see on their website under allocation.Their "tactical asset allocation" is simply equal weighting of the S&P sectors, instead of the market-weighting you get with most index funds. When I asked them why that was better, considering that the 11 S&P sectors are a subjective division of the market? They couldn't really answer, just pointed me to a chart like the Callan periodic table of returns.

After that I researched equal weighting some more and was not convinced. Nor was I convinced that owning 90-120 individual stocks was superior to owning many more through mutual funds.

I never really intended to use them as an FA, but always like to hear different views.

[EDIT] - and they keep a pretty big dose of gold/precious which, of course, has zero expected real return.
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Old 12-06-2017, 03:15 PM   #5
Confused about dryer sheets
Join Date: Nov 2015
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Thanks for the input.
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Old 12-06-2017, 03:25 PM   #6
Recycles dryer sheets
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Happy to use their free tools, but for FA advice I'll go over to bogleheads instead.

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