Wealthsimple will create for you a diversified portfolio consisting of low-cost ETFs with a low-fee structure that can help anyone get started with investing, no matter what your personal capital is. Other financial planning companies in Canadaīut we’ve got good news for anyone looking for the ease of an online robo-advisor coupled with expert financial advice and a platform that even newbies will be comfortable with in minutes. citizen-and there doesn’t seem to be any indication of them branching out anytime soon. In order to sign up, you need to be a U.S. While managing over $10 billion USD in assets and being used by nearly two million people (who primarily use the free version), Personal Capital is currently not available to Canadian investors. The company was founded in 2009 and is headquartered in San Carlos, California. All this personalized service also comes at a price: Personal Capital’s premium service has fees that are higher than your average robo-advisor (0.89%, to be exact). However, you will need to have an account minimum of $100,000 to use their Wealth Management service. With the premium service, you get assigned two financial advisors who can be contacted 24/7 and will provide you with in-depth financial and retirement planning. The Dashboard includes an investment checkup tool that will analyze your investment account and give you advice on how to optimize it. Personal Capital’s focus is retirement strategies, and the free version encourages you to plug in your employer-sponsored retirement plans for a whole overview of your financial life. You can link your existing financial accounts to the Dashboard, including any investment accounts, checking accounts, savings, and credit cards. The Financial Dashboard, which the majority of Personal Capital users use, is essentially a robust budgeting app, with additional investment tools that provide “holistic” financial support. You can download their free app on iPhone or Android or use their desktop version. At its core it’s a robo-advisor with additional personalized live support from financial advisors for a fee. The company offers wealth management services that take the form of a “freemium” service-meaning that there’s a free version (called the Financial Dashboard) but you have to pay if you want to access more services. But are Canadians able to sign up? What is Personal Capital? They also want to be that kind of springboard. There’s also a financial management company called that: Personal Capital. Personal capital is the foundation for your financial goals, that little cushion that lets you sleep easier at night, a springboard for big dreams and goals.
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