Personal Capital Review: Helpful Financial Management

Advertiser Disclosure

Student Loan Hero Advertiser Disclosure

Our team at Student Loan Hero works hard to find and recommend products and services that we believe are of high quality. We sometimes earn a sales commission or advertising fee when recommending various products and services to you. Similar to when you are being sold any product or service, be sure to read the fine print to help you understand what you are buying. Be sure to consult with a licensed professional if you have any concerns. Student Loan Hero is not a lender or investment advisor. We are not involved in the loan approval or investment process, nor do we make credit or investment related decisions. The rates and terms listed on our website are estimates and are subject to change at any time.

Editorial Note: This content is not provided or commissioned by any financial institution. Any opinions, analyses, reviews or recommendations expressed in this article are those of the author’s alone, and may not have been reviewed, approved or otherwise endorsed by the financial institution.

personal capital review

We’ve got your back! Student Loan Hero is a completely free website 100% focused on helping student loan borrowers get the answers they need. Read more

How do we make money? It’s actually pretty simple. If you choose to check out and become a customer of any of the loan providers featured on our site, we get compensated for sending you their way. This helps pay for our amazing staff of writers (many of which are paying back student loans of their own!).

Bottom line: We’re here for you. So please learn all you can, email us with any questions, and feel free to visit or not visit any of the loan providers on our site. Read less

Saving, managing, and investing your money can be a challenge.

Even if you have your student loans under control and a good handle on your personal finances, tracking every bank account, credit card, loan, and investment can be tough.

And if you have accounts with multiple banks and financial institutions, tracking everything takes, even more, time. Unless you use a tool like Personal Capital.

Personal Capital helps you track your accounts, transactions, and manage your investments from one central online or mobile app dashboard. The service also offers users with investable assets above $25,000 access to a low-cost investment management service.

Think that sounds useful to you? Keep reading our Personal Capital review to see if this app is right for you.

Personal Capital review

At its core, Personal Capital is a personal financial management dashboard that helps you track all of your accounts, transactions, and investments in one place.

While popular competitor Mint focuses primarily on budgeting, Personal Capital is focused on investing. Yet, the investment analysis tools go beyond the basics. I

In the follow sections, we will look at the primary Personal Capital products, how the online platform works, the costs, and whether or not it makes sense for you.

Personal Capital products

Personal Capital offers both a financial management software and investment management service.

To become an investment management client, you must first sign up for their free financial management app. Let’s look at those two services separately below.

Financial management app

The first interaction new users have with Personal Capital is signing up for an online account and transaction tracking app with them. This app is accessible via a web browser, as well as iOS and Android apps.

Basic features include a dashboard where you can view all of your accounts and balances and view your net worth over time.

You can also open cash, investment, credit, loan, and mortgage dashboards which also show balances over time. Or, view a list of all transactions by account or together in one master transaction register.

The biggest perks come from the investment and portfolio analysis tools.

With just a couple of clicks, you can view your portfolio by asset class, performance, or sector. Additional tools allow you to analyze your fees and investments for future performance and to make sure you are not paying too much.

When I signed up for Personal Capital, I used the fee checker to reallocate my investments into similar funds that had much lower fees. This is saving me $300+ every year, which is awesome.

If you are worried about Personal Capital security, you can put those fears to rest. Personal Capital uses bank-level encryption to connect to your accounts and store your information.

Since security is a primary concern for the company, your data, and bank login information is ultimately safe with Personal Capital.

Investment management service

Users with at least $25,000 in investable assets have access to the Personal Capital wealth management product. Personal Capital Wealth Management is a hybrid robo-advisor and human investment advisor in one.

If you connect your accounts and qualify for the wealth management product, a Personal Capital representative will contact you to set up an appointment with a licensed financial advisor.

In a no obligation, free consultation, that advisor will review your accounts with you and offer some suggestions. You can implement them yourself for free. Or, sign up for the service where the Personal Capital advisor manages everything for you for a fee.

As a wealth management client, investment assets are held in an account at Pershing Advisor Solutions, a Bank of New York Mellon Company.


Using the Personal Capital online platform

The Personal Capital online platform is where the service really shines.

I use this platform myself to track and manage my own investments. That’s why I don’t hesitate in suggesting it to anyone with investments.

Whether you are just starting out with your first 401(k) or Roth IRA or have tens of thousands in a portfolio, this free online platform offers plenty of value at no cost.

Let’s get started

Each time you log in, you will see a list of your accounts in the left sidebar arranged by type. There is a section for cash, investments, credit, loans, and other assets, shown below.

The dashboard summary shows your net worth over time, your latest investment gains and losses, and a comparison of your results, called the “You Index” compared to major market indices.

The dashboard also shows your cash flow over time. This can be a useful budgeting tool. However, it’s not powerful enough on its own to replace more detailed budgets from platforms like Mint or You Need a Budget.

Income and expenses are categorized by transaction automatically and broken down into the useful view below.

The most powerful Personal Capital app features don’t come from the general personal finance management tools. They actually come from the portfolio analysis tools.

Below is a screenshot of the asset allocation visualization, which is included in the main dashboard and other views.

Reviewing your portfolio

The next screenshot below shows the portfolio performance tab. I set this to show my two primary retirement accounts’ performance year-to-date as an example.

However, you can change the time period and accounts using the simple inputs at the top right of the image below. If you were to scroll down from that screen, you would see a listing of each account’s performance broken out.

Going into the investment advising tools, you are greeted with a view showing your target allocation.

Various pages and menus advise you on how to get there yourself. Or, you can sign up for the paid service and an advisor will take care of it for you.

The big money saver for me came from the fee analysis tools.

I looked at my old retirement fund fees and was doing okay, I thought. But then these tools showed where my money was going and how I could do better.

Ultimately, I re-allocated myself for $300 per year savings, increasing over time as my investment balances increase.

For free investment management and analysis, I have yet to find anything better than the tools offered by Personal Capital.

Personal Capital interest rates and fees

Personal Capital’s web and mobile app are free to use if you choose to take advantage of the paid wealth management service or not.

What’s more, there are no fees now or announced for the future to use this platform. Even if you don’t want the investment management service, the free platform offers plenty of features that make it worthwhile to sign up.

If you choose to utilize the wealth management service, Personal Capital fees are 0.89% annually on the balance of assets under management for the first $1 million.

Additionally, clients with big balances get a discount on that fee down to 0.49% for $10 million accounts.

Here’s the full fee schedule:

  • First $1 million – 0.89% annually
  • $1 million to $3 million – 0.79% annually
  • Next $2 million – 0.69% annually
  • Next $5 million – 0.59% annually
  • Over $10 million – 0.49% annually

Personal Capital eligibility requirements

To use the Personal Capital apps, you just need to have United States-based bank and investment accounts to connect to the platform.

Personal Capital works with thousands of financial institutions. So odds are that it works with your bank, credit card issuer, and brokerage.

The paid service requires having at least $25,000 in investable assets. And, there’s no specific minimum age or citizenship requirement.

However, Personal Capital tools are geared toward US investors focused on long-term savings and investment goals. Therefore, this product is best for that investor population.

Personal Capital customer service

If you use only the Personal Capital app, you won’t have any need to interact with customer service.

But if you are eligible for the paid version, you will be contacted by a Personal Capital representative to schedule a call with an advisor.

Personal Capital can be a bit pushy if you say no to the call or the service. However, they’re otherwise very friendly and helpful in my experience.

Anyone with an eligible investable account balance can call or email their assigned advisor directly. You can also call the toll free number anytime at 855-855-8005.

More about Personal Capital

Personal Capital was founded in 2009 by Bill Harris and Rob Foregger. The company became a registered financial advisor in 2012.

Personal Capital was also included in the CNBC Disruptor 50 list in 2014 and 2015. The wealth management product surpassed $2 billion in assets under management in March 2016.

The company is headquartered in San Carlos, California with additional offices in San Francisco, California, and Denver, Colorado.

Personal Capital contact

You can call Personal Capital toll free at 855-855-8005.

You can also check out their Personal Capital blog or connect with the company on Facebook, Twitter, and LinkedIn.


Interested in refinancing student loans?

Here are the top 8 lenders of 2020!
LenderVariable APREligible Degrees 
Check out the testimonials and our in-depth reviews!
1 Important Disclosures for Earnest.

Earnest Disclosures

To qualify, you must be a U.S. citizen or possess a 10-year (non-conditional) Permanent Resident Card, reside in a state Earnest lends in, and satisfy our minimum eligibility criteria. You may find more information on loan eligibility here: Not all applicants will be approved for a loan, and not all applicants will qualify for the lowest rate. Approval and interest rate depend on the review of a complete application.

Earnest fixed rate loan rates range from 3.20% APR (with Auto Pay) to 6.99% APR (with Auto Pay). Variable rate loan rates range from 1.99% APR (with Auto Pay) to 6.89% APR (with Auto Pay). For variable rate loans, although the interest rate will vary after you are approved, the interest rate will never exceed 8.95% for loan terms 10 years or less. For loan terms of 10 years to 15 years, the interest rate will never exceed 9.95%. For loan terms over 15 years, the interest rate will never exceed 11.95% (the maximum rates for these loans). Earnest variable interest rate loans are based on a publicly available index, the one month London Interbank Offered Rate (LIBOR). Your rate will be calculated each month by adding a margin between 1.82% and 5.50% to the one month LIBOR. The rate will not increase more than once per month. Earnest rate ranges are current as of December 13, 2019, and are subject to change based on market conditions and borrower eligibility.

Auto Pay discount: If you make monthly principal and interest payments by an automatic, monthly deduction from a savings or checking account, your rate will be reduced by one quarter of one percent (0.25%) for so long as you continue to make automatic, electronic monthly payments. This benefit is suspended during periods of deferment and forbearance.

The information provided on this page is updated as of 12/13/2019. Earnest reserves the right to change, pause, or terminate product offerings at any time without notice. Earnest loans are originated by Earnest Operations LLC. California Finance Lender License 6054788. NMLS # 1204917. Earnest Operations LLC is located at 302 2nd Street, Suite 401N, San Francisco, CA 94107. Terms and Conditions apply. Visit, email us at, or call 888-601-2801 for more information on our student loan refinance product.

© 2018 Earnest LLC. All rights reserved. Earnest LLC and its subsidiaries, including Earnest Operations LLC, are not sponsored by or agencies of the United States of America.

2 Important Disclosures for SoFi.

SoFi Disclosures

  1. Student loan Refinance: Fixed rates from 3.46% APR (with AutoPay) to 7.61% APR (without AutoPay). Variable rates currently from 2.31% APR (with AutoPay) to 7.61% (without AutoPay). Interest rates on variable rate loans are capped at either 8.95% or 9.95% depending on term of loan. See APR examples and terms. Lowest variable rate of 2.31% APR assumes current 1 month LIBOR rate of 2.31% plus 0.75% margin minus 0.25% for AutoPay. If approved for a loan, the fixed or variable interest rate offered will depend on your credit history and the term of the loan and will be within the ranges of rates listed above. For the SoFi variable rate loan, the 1-month LIBOR index will adjust monthly and the loan payment will be re-amortized and may change monthly. APRs for variable rate loans may increase after origination if the LIBOR index increases. The SoFi 0.25% AutoPay interest rate reduction requires you to agree to make monthly principal and interest payments by an automatic monthly deduction from a savings or checking account. The benefit will discontinue and be lost for periods in which you do not pay by automatic deduction from a savings or checking account.

3 Important Disclosures for Figure.

Figure Disclosures

Figure’s Student Refinance Loan is a private loan. If you refinance federal loans, you forfeit certain flexible repayment options associated with those loans. If you expect to incur financial hardship that would impact your ability to repay, you should consider federal consolidation alternatives.

4 Important Disclosures for College Ave.

College Ave Disclosures

College Ave Student Loans products are made available through either Firstrust Bank, member FDIC or M.Y. Safra Bank, FSB, member FDIC. All loans are subject to individual approval and adherence to underwriting guidelines. Program restrictions, other terms, and conditions apply.

1College Ave Refi Education loans are not currently available to residents of Maine.

2All rates shown include autopay discount. The 0.25% auto-pay interest rate reduction applies as long as a valid bank account is designated for required monthly payments. Variable rates may increase after consummation.

3$5,000 is the minimum requirement to refinance. The maximum loan amount is $300,000 for those with medical, dental, pharmacy or veterinary doctorate degrees, and $150,000 for all other undergraduate or graduate degrees.

4This informational repayment example uses typical loan terms for a refi borrower with a Full Principal & Interest Repayment and a 10-year repayment term, has a $40,000 loan and a 5.5% Annual Percentage Rate (“APR”): 120 monthly payments of $434.11 while in the repayment period, for a total amount of payments of $52,092.61. Loans will never have a full principal and interest monthly payment of less than $50. Your actual rates and repayment terms may vary.

Information advertised valid as of 1/1/2020. Variable interest rates may increase after consummation.

5 Important Disclosures for Laurel Road.

Laurel Road Disclosures

Laurel Road is a brand of KeyBank National Association offering online lending products in all 50 U.S. states, Washington, D.C., and Puerto Rico. Mortgage lending is not offered in Puerto Rico. All loans are provided by KeyBank National Association.
As used throughout these Terms & Conditions, the term “Lender” refers to KeyBank National Association and its affiliates, agents, guaranty insurers, investors, assigns, and successors in interest.

This term represents the actual cost of financing to the borrower over the life of the loan expressed as a yearly rate.


There are no origination fees or prepayment penalties associated with the loan. Lender may assess a late fee if any part of a payment is not received within 15 days of the payment due date. Any late fee assessed shall not exceed 5% of the late payment or $28, whichever is less. A borrower may be charged $20 for any payment (including a check or an electronic payment) that is returned unpaid due to non-sufficient funds (NSF) or a closed account.


For bachelor’s degrees and higher, up to 100% of outstanding private and federal student loans (minimum $5,000) are eligible for refinancing. If you are refinancing greater than $300,000 in student loan debt, Lender may refinance the loans into 2 or more new loans.
For eligible Associates degrees in the healthcare field (see Eligibility & Eligible Loans section below), Lender will refinance up to $50,000 in loans for non-ParentPlus refinance loans. Note, parents who are refinancing loans taken out on behalf of a child who has obtained an associates degrees in an eligible healthcare field are not subject to the $50,000 loan maximum, refer to for more information about refinancing ParentPlus loans.


Borrower, and Co-signer if applicable, must be a U.S. Citizen or Permanent Resident with a valid I-551 card (which must show a minimum of 10 years between “Resident Since” date and “Card Expires” date or has no expiration date); state that they are of at least borrowing age in the state of residence at the time of application; and meet Lender underwriting criteria (including, for example, employment, debt-to-income, disposable income, and credit history requirements).

Graduates may refinance any unsubsidized or subsidized Federal or private student loan that was used exclusively for qualified higher education expenses (as defined in 26 USC Section 221) at an accredited U.S. undergraduate or graduate school. Any federal loans refinanced with Lender are private loans and do not have the same repayment options that federal loan program offers such as Income Based Repayment or Income Contingent Repayment.

All loans must be in grace or repayment status and cannot be in default. Borrower must have graduated or be enrolled in good standing in the final term preceding graduation from an accredited Title IV U.S. school and must be employed, or have an eligible offer of employment. Parents looking to refinance loans taken out on behalf of a child should refer to for applicable terms and conditions.

For Associates Degrees: Only associates degrees earned in one of the following are eligible for refinancing: Cardiovascular Technologist (CVT); Dental Hygiene; Diagnostic Medical Sonography; EMT/Paramedics; Nuclear Technician; Nursing; Occupational Therapy Assistant; Pharmacy Technician; Physical Therapy Assistant; Radiation Therapy; Radiologic/MRI Technologist; Respiratory Therapy; or Surgical Technologist. To refinance an Associates degree, a borrower must also either be currently enrolled and in the final term of an associate degree program at a Title IV eligible school with an offer of employment in the same field in which they will receive an eligible associate degree OR have graduated from a school that is Title IV eligible with an eligible associate and have been employed, for a minimum of 12 months, in the same field of study of the associate degree earned.


The interest rate you are offered will depend on your credit profile, income, and total debt payments as well as your choice of fixed or variable and choice of term. For applicants who are currently medical or dental residents, your rate offer may also vary depending on whether you have secured employment for after residency.


The repayment of any refinanced student loan will commence (1) immediately after disbursement by us, or (2) after any grace or in-school deferment period, existing prior to refinancing and/or consolidation with us, has expired.


After loan disbursement, if a borrower documents a qualifying economic hardship, we may agree in our discretion to allow for full or partial forbearance of payments for one or more 3-month time periods (not to exceed 12 months in the aggregate during the term of your loan), provided that we receive acceptable documentation (including updating documentation) of the nature and expected duration of the borrower’s economic hardship.

We may agree under certain circumstances to allow a borrower to make $100/month payments for a period of time immediately after loan disbursement if the borrower is employed full-time as an intern, resident, or similar postgraduate trainee at the time of loan disbursement. These payments may not be enough to cover all of the interest that accrues on the loan. Unpaid accrued interest will be added to your loan and monthly payments of principal and interest will begin when the post-graduate training program ends.

We may agree under certain circumstances to allow postponement (deferral) of monthly payments of principal and interest for a period of time immediately following loan disbursement (not to exceed 6 months after the borrower’s graduation with an eligible degree), if the borrower is an eligible student in the borrower’s final term at the time of loan disbursement or graduated less than 6 months before loan disbursement, and has accepted an offer of (or has already begun) full-time employment.

If Lender agrees (in its sole discretion) to postpone or reduce any monthly payment(s) for a period of time, interest on the loan will continue to accrue for each day principal is owed. Although the borrower might not be required to make payments during such a period, the borrower may continue to make payments during such a period. Making payments, or paying some of the interest, will reduce the total amount that will be required to be paid over the life of the loan. Interest not paid during any period when Lender has agreed to postpone or reduce any monthly payment will be added to the principal balance through capitalization (compounding) at the end of such a period, one month before the borrower is required to resume making regular monthly payments.


This information is current as of November 8, 2019 and is subject to change.

6 Important Disclosures for Splash Financial.

Splash Financial Disclosures

Terms and Conditions apply. Splash reserves the right to modify or discontinue products and benefits at any time without notice. Rates and terms are also subject to change at any time without notice. Offers are subject to credit approval. To qualify, a borrower must be a U.S. citizen or permanent resident in an eligible state and meet applicable underwriting requirements. Not all borrowers receive the lowest rate. Lowest rates are reserved for the highest qualified borrowers.

7 Important Disclosures for CommonBond.

CommonBond Disclosures

Offered terms are subject to change. Loans are offered by CommonBond Lending, LLC (NMLS # 1175900). If you are approved for a loan, the interest rate offered will depend on your credit profile, your application, the loan term selected and will be within the ranges of rates shown. All Annual Percentage Rates (APRs) displayed assume borrowers enroll in auto pay and account for the 0.25% reduction in interest rate. All variable rates are based on a 1-month LIBOR assumption of 1.76% effective November 10, 2019.

8 Important Disclosures for LendKey.

LendKey Disclosures

Refinancing via is only available for applicants with qualified private education loans from an eligible institution. Loans that were used for exam preparation classes, including, but not limited to, loans for LSAT, MCAT, GMAT, and GRE preparation, are not eligible for refinancing with a lender via If you currently have any of these exam preparation loans, you should not include them in an application to refinance your student loans on this website. Applicants must be either U.S. citizens or Permanent Residents in an eligible state to qualify for a loan. Certain membership requirements (including the opening of a share account and any applicable association fees in connection with membership) may apply in the event that an applicant wishes to accept a loan offer from a credit union lender. Lenders participating on reserve the right to modify or discontinue the products, terms, and benefits offered on this website at any time without notice. LendKey Technologies, Inc. is not affiliated with, nor does it  endorse,  any educational institution.

Subject to floor rate and may require the automatic payments be made from a checking or savings account with the lender. The rate reduction will be removed and the rate will be increased by 0.25% upon any cancellation or failed collection attempt of the automatic payment and will be suspended during any period of deferment or forbearance. As a result, during the forbearance or suspension period, and/or if the automatic payment is canceled, any increase will take the form of higher payments. The lowest advertised variable APR is only available for loan terms of  5 years and is reserved for applicants with FICO scores of at least 810.

As of 12/019/2019 student loan refinancing rates range from 1.90% to 8.59% Variable APR with AutoPay and 3.49% to 7.75% Fixed APR with AutoPay.

1.99% – 6.89%1Undergrad
& Graduate

Visit Earnest

2.31% – 7.36%2Undergrad
& Graduate

Visit SoFi

2.06% – 6.81%3Undergrad
& Graduate

Visit Figure

2.62% – 6.12%4Undergrad
& Graduate

Visit College Ave

1.99% – 6.65%5Undergrad
& Graduate

Visit Laurel Road

1.99% – 7.06%6Undergrad
& Graduate

Visit Splash

1.85% – 6.13%7Undergrad
& Graduate

Visit CommonBond

1.90% – 8.59%8Undergrad
& Graduate

Visit Lendkey

Our team at Student Loan Hero works hard to find and recommend products and services that we believe are of high quality. We sometimes earn a sales commission or advertising fee when recommending various products and services to you. Similar to when you are being sold any product or service, be sure to read the fine print to help you understand what you are buying. Be sure to consult with a licensed professional if you have any concerns. Student Loan Hero is not a lender or investment advisor. We are not involved in the loan approval or investment process, nor do we make credit or investment related decisions. The rates and terms listed on our website are estimates and are subject to change at any time.

Published in Big Money Decisions, Budgeting & Expenses, Investments & Savings, Spend Less