I signed up for them and they are giving a free first advisory call. Is it worth it? Like one question I do have is how to diversify my large concentrated stock position. For the record I don’t have any money invested through personal capital. I use them only for their free tool. Tc 400k
It depends a lot but there can be a fixed fee <1% NW and then a % of returns. I'd stick with big banks private banking sort of thing at first. Not sure on min account. Otherwise just do a healthy split amongst index etfs and some crypto. Unfortunately we're at a high point of the market so there's that. Learn on long term capital gains tax and don't keep both your income and stocks depending on 1 company unless you're intentional that that's what you want. Edit: this if you have sophisticated needs, but it could be way cheaper to find a local CPA and pay him some hours to explain things to you
Thanks. Most of my investment is in low cost index funds like VTI. Bonds in taxable account are municipal bonds. 401k has standard target retirement funds. The only issue is the concentrated msft position due to RSUs. It constitutes 1/3rd of my portfolio. I’m looking to find a tax free way to diversify this position.
I've been a customer for six years or so. Pretty happy overall. Fee is 89 basis points, based on assets under management.
PC is just the old school hands-off asset management with an app as the marketing tool. The app itself is good, and use it for free. Their consultation offer is just a way to up-sell their asset management service. Not worth it unless you are too uncomfortable to manage on your own or you are too rich/busy to do it.
It depends, maybe if you're looking into reducing your tax load, they know how to. Not clear from your q but I mean like having your own financial advisor
How much do they charge?