Independent Advisors Have A New Competitor; Internet Entrepreneur Starts Personal Capital

Tuesday, September 20, 2011 10:58
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Independent Advisors Have A New Competitor; Internet Entrepreneur Starts Personal Capital

Tags: account aggregation | competitors

Personal Capital will not have standalone branches. Instead, after aggregating their accounts, investors can call or video chat one of the 10 financial advisors.

 

 

This Website Is For Financial Professionals Only


These advisors will charge an annual fee of 0.75 to 0.95 percent of assets under management.

 

 

Advisors will create accounts mixing single securities and exchange-traded funds that Harris says will be tailored to clients' risk preferences and needs, says Reuters.

 

Comments (1)

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vguettlein
Most investors are using the web to do additional due-diligence on advisors they can meet face-to-face. At least, that is my experience. This isn't Amazon; client's want a personal connection. Perhaps the video conferencing can enhance communication with our clients, though. Guess I'll have to put on a tie and comb my hair. ha ha ha.
vguettlein , September 21, 2011

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