Personal Capital is an online wealth management company empowering over 3 million users to take control of their retirement planning. Here’s how to make your portfolio work for you with Personal Capital.
Why Does Portfolio Optimization Matter?
Calculating and improving your portfolio’s performance is the foundation of smart retirement planning. The better your portfolio performs, the larger your nest egg will be when you reach retirement age and the sooner you can retire.
Portfolio performance depends on two main factors: returns and fees. To ensure that you are seeing ideal returns, it’s important to periodically compare your portfolio to standard benchmarks like the S&P 500. But it’s also important that high fund and advisory fees are not cutting into your returns no matter how well your assets perform.
Through portfolio optimization, you can identify areas where your investments are underperforming and choose a target allocation strategy that’s more in line with your risk tolerance and goals.
What Makes Personal Capital Such a Powerful Portfolio Analyzer?
Personal Capital offers a suite of easy-to-use financial tools to give you clarity about your financial situation and confidence in your investments.
Choose from key investing tools to analyze your portfolio including the Retirement Planner, Investment Checkup, and Fee Analyzer. Use the Retirement Planner to ensure that you are meeting your retirement targets and the Investment Checkup to see if your investments are aligned with your long-term goals.
The Fee Analyzer helps to address the second factor affecting your portfolio’s performance. See how hidden fees are impacting your 401K earnings and learn how to reduce them.
How to Connect Your Portfolio to Personal Capital: Step-by-step Instructions
Getting started with Personal Capital is simple. Just look:
First, just sign up and enter information about your finances by linking your accounts. Next, schedule a free call with your dedicated advisor to go through your financial analysis. Then, meet with them to discuss your personalized investing recommendations.
There’s no obligation to sign up for advisory services after going through these steps, but professional portfolio management can help you choose the investments that are right for you. Personal Capital’s advisors are fiduciaries and will work with you to create a comprehensive retirement strategy based on your goals, timeline, and current situation. Never doubt that you’re in good hands or that your retirement is on track.