It charges less than most traditional advisors. Any estimates based on past performance do not guarantee future performance, and prior to making any investment you should discuss your specific investment needs or seek advice from a qualified professional. I will say that Personal Capital does have a management service for investments, but you are not obligated to use them in order to use their free platform. Quicken and Personal Capital are the stars in this category, largely because Mint isn't an investment app, and therefore offers only incidental investment services. If you are simply looking for an easy way to track your net worth and track your progress toward financial goals, then a free Personal Capital account is the perfect tool. Read on to learn which may be better for your needs in the Mint vs Personal Capital competition. The financial tools Personal Capital offers are some of the best available which has gained it a dedicated following and widespread attention in the financial world. Currently, Personal Capital lacks such a feature, making Mint a pretty clear winner when it comes to helping you avoid missed payments and late fees. However, Personal Capital offers more features for seasoned investors, including 24/7 call access, even on weekends. Let’s break down the features that both apps share, and compare each of them with each other. In short, both are great for making managing finances simpler. It does handle investment man… Notify me of followup comments via e-mail. Mint and Personal Capital are two of the most popular personal finance management apps available today. Separately and together, they help millions of users manage trillions of dollars worth of assets each year. Read our comparison chart below. Personal Capital is the only one of these apps that hasn’t lost connection to all of my accounts over time. Personal Capital was founded in 2009. So, let’s talk about where each can outperform the other to get a feel for their relative strengths and weaknesses. Note: Personal Capital does say it might take up to 24 hours for a response, depending on how many questions they currently have. Personal Capital vs. Betterment – The High Altitude View. When Mint was a brand new startup, I knew I could email Stephen or one of the other customer service representatives to get my issue resolved, if not turned into a suggestion that was sent on to engineering. Personal Capital (see our review) targets the investment mid-range — this includes primarily investors with a net worth of between $25,000 and $2 million in liquid assets.It is an investment platform in much the same way as Wealthfront, but with vastly different features. So, your money is also safe in the event of insolvency. Mint does a similarly great job at protecting your banking information. It just works. Despite the similarities, however, the two programs are actually quite different from one another. Even though Personal Capital also has an alerts system for upcoming bills, Mint does a better job of reminding you when each one is due. Our goal is to help you make wiser financial decisions by providing you with personal stories, objective research & data, financial calculators, and interactive comparison tools. To the untrained eye, Betterment looks like the better investment platform by default.After all, it … The offers that appear on this site are from affiliate sales networks, and TheFinanceTwins.com receives compensation for sending traffic to partner sites, such as CreditCards.com. Additionally, it strives to help average investors achieve their goals through passive investing and diversification. About the Companies. Mint is best used as a budgeting tool. Personal Capital: Investment performance conclusion The three wealth managers all came within 1% of each other over the five year period for average annualized returns. You can also subscribe without commenting. Personal Capital as well as Mint seem to have easy customer service access. Personal Capital lets you plan for retirement while accounting for a wide range of factors that might affect that time. That includes investments, savings, checking, credit cards and other loan accounts. Betterment is similar to an investment company, while Personal Capital provides an overview of a user’s complete financial picture. You can use this as a guide for how to use each service to its fullest potential. They’re each best at slightly different things. Betterment and Personal Capital are pioneers since the early days of the robo-advisor industry but the similarities end quickly because they contrast starkly across key factors, like fees, tools, and human advice.. Betterment began life as a pure robo-advisor. For example, only Mint has a credit score monitor, while only Personal Capital has thorough investment planning. Luckily, they do a good job of making sure your information is kept safe. After using Mint for the last two years, I’ve found they do a pretty good job correctly identifying the expense category. We will focus on the follo… Now when I find bugs and errors there appears to be no desire to fix them, they just offer inconvenient workarounds with no real effort to solve the root problem (which is probably affecting many other users as well). Honestly, both apps offer something to be desired here. Personal Capital vs. Mint - I created accounts with both money apps to help you decide whether Personal Capital or Mint is right for you. Quicken also helps minimi… If you have general personal finance management needs, Personal Capital does a fine job handling it. I have saved over $300 per year in mutual funds fees thanks to the data from my Personal Capital account. Read our comparison chart below. Mint even goes above and beyond, sending you alerts about pending transactions. So, if someone happens to get a hold of your account details, you’re still safe. In exchange for either a flat fee or a commission, Mint shows ads. Personal Capital’s customer support works mostly via email. Personal Capital is a free advanced tools plus hybrid advisory service for people with over $100k in investments. They operate as both an online alternative to traditional financial advisors and as providers of tools and information to do a base-level analysis of your financial situation. I’ve also done a more detailed review of Personal Capital, if you’d rather read that.Personal Capital is a financial aggregator, which is to say that you can have all of your financial accounts on one platform. The fee ranges from 0.89% to 0.49%, depending on how much is in your account. If you wanted a technology-powered algorithm to manage your money at low cost, Betterment was the place to go. It lets you link all of your bank accounts into one place and keep an eye on your budget, bills, investments, etc. Set-it-and-forget-it is a fair description for what it feels like to invest using Betterment, Wealthfront or Personal Capital. Indeed, this robo-advisor hybrid is … Personal Capital. Betterment vs. Wealthfront vs. Let’s explore where each fits into your financial life. A quick Google search for “best budgeting methods” will net you over 32 millionresults—so where should you start? It uses a combination of human advisors and a technology-driven investment platform. Do a quick Google search of “personal finance apps 2019” and you’ll be assaulted with hundreds of options, all covering different areas of personal … He contributed to InvestmentZen as an financial product analyst from 2016-2017. Personal Capital service offerings make it a practical choice for hands-off investors, budget-conscious investors and savers. Personal Capital Vs. Mint – Pros And Cons. We enable you to conduct research and compare information for free - allowing you to make data-driven financial decisions. Personal Capital charges annual fees for its premium service. For example, only Mint has a credit score monitor, while only Personal Capital has thorough investment planning. Betterment is an investment outfit, unlike mint and personal capital. In Summary: Personal Capital vs Betterment. Mint is more focused on credit and bank accounts and tracking spending, while I think personal capital … Capital One Journey Student Rewards Review, Use Personal Loans to Pay Off Credit Cards. For this Personal Capital vs Mint comparison, we’re focusing on Personal Capital’s free tools, since Mint is also a free service. Although a pen and paper budget will do just fine in a pinch, there are now many electronic financial management options available with advanced features, investment options, and more. Both Mint and Personal Capital offer a feed with all of your transactions from linked accounts. However, thanks to its more reliable connections and interface, Personal Capital is the better of the two. Mint also lets you set specific spending limits for each category. Personal Capital: Feature Comparison. Personal Capital budgeting is essentially where you are able to see all of your finances at a glance, whereas Mint is more of a budgeting tool to help you manage your money. 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