Personal Capital is a free tool that allows you to connect all your financial accounts to track your spending, investments, and net worth. If you are familiar with Mint.com, it is somewhat similar but with more features that help you track your investment portfolio like performance, benchmarking, and asset allocation.
The tool does provide some nice charts based on your investments. There is a nice visualization that breaks down the different asset classes inside mutual funds, a Checkup tool lists all the fees and expense ratios that you’re paying via ETFs and mutual funds, and you can also add in employee stock options. As with similar sites, you’ll need to provide them with your logins and passwords to sync unless you want to do manual imports.
On top of that, Personal Capital is a Registered Investment Advisor. This means they can legally offer investment advice, and also that they must act as a fiduciary and keep your interests ahead of their own. If you have over $25,000 in linked accounts, they will assign you a “complimentary personal Financial Advisor”.
Note that if you provide a phone number, Personal Capital may call you to set up a free financial consultation as they make money by providing add-on paid financial advice. (Their management fees are 0.89% annually for the first $1 million, which is rather expensive to my DIY sensibilities.) In my experience, if you are not interested just tell them so and they will not pressure you any further and they won’t call ever again. Or you could take a advantage of the free consultation to answer any money questions you have, as many of their advisors hold the Certified Financial Planner (CFP) designation.
In any case, the base financial tracking service offered by Personal Capital remains completely free. I would say the service is currently better than Mint for tracking investments. I definitely use the smartphone app much more often, as it allows a quick update and supports Touch ID for easy authentication if you have a recent iPhone.