Personal Capital just launched the latest version of its iPad app and it’s a major upgrade savvy investors won’t want to miss. Interactive tools, payment features and a sleek design are just the beginning.
For starters, the Personal Capital app for iPad makes it easy to link all of your financial accounts to your secure Dashboard, providing you with a complete view of your finances. Slide elements to see more information and tap to display additional account details. Track everything from spending to savings, credit card transactions to balances, investment performance to fees, and much more.
The new Net Worth feature now allows you to create manual portfolios or track the value of fixed assets or liabilities such as your home, a car, jewelry, a stamp collection or even a personal loan. “If it’s part of your total net worth,” says Jim Del Favero, Chief Product Officer at Personal Capital, “you can add it in this section.” Once you link these accounts you can view them as a whole, group by type and edit account details to customize your experience even further.
This app makes it incredibly easy to monitor your income and spending. Track your Cash Flow in just seconds by toggling between the app’s income and spending categories. View transactions over various time periods and view trends for a particular category or date range. Want to pinpoint a particular spending pattern? Tap a particular category to see a list of the vendors you frequent. Want to customize your experience even more? With just a few taps, you can edit transactions by giving them a new name, a specific tag or changing the category altogether.
Introducing the You Index™
Stock indices are nice to gauge the performance of the market as a whole, but what you really want to know is how your holdings performed. Within the Holdings tool, we now include the “You Index™”. “This feature is exclusive to Personal Capital and creates an even more unique experience for each user,” says Del Favero. “When you link your investment accounts to Personal Capital, the system automatically creates a “You Index” and compares your investment performance to the performance of major market indices, including the S&P 500, the Dow Jones Industrial Average and the NASDAQ.”
And don’t forget you can also view your overall asset allocation. When you use the Allocation feature, you can tap into an asset class to view the sub-classes included within, and dig even deeper with another tap to see each sub class and its current performance.
The Ultimate Checkup
Personal Capital’s Investment Checkup tool is now accessible via iPad. Compare your current situation versus your target allocation. Want to adjust your target allocation? Just drag the slider to change your age, years to retirement and risk tolerance. Instantly determine whether you are over- or under-weight in a particular sector. Personal Capital helps make more informed investment decisions.
Then go one step further with the Personal Capital Mutual Fund Fee Calculator. This shows you how much you are spending in mutual fund and ETF fees – and a few swipes will show you how much you could stand to lose to fees over time. Tap to group funds by type or account and sort to see which funds have the highest expense ratio and which cost you the most on an annual basis.
The average household pays $100,000 in 401k fees over their lifetime. “That’s why we built the Personal Capital 401k Fee Analyzer,” says Del Favero, “and now you can track your retirement account fees on your iPad.” This feature helps you to discover how much you will lose to investment fees between now and your target retirement date. You can edit certain assumptions to change your retirement age, your anticipated contributions, your employer match and more.
Download the all-new Personal Capital app for iPad here.
Learn more about Personal Capital here.
The content contained in this blog post is intended for general informational purposes only and is not meant to constitute legal, tax, accounting or investment advice. You should consult a qualified legal or tax professional regarding your specific situation. Keep in mind that investing involves risk. The value of your investment will fluctuate over time and you may gain or lose money.
Any reference to the advisory services refers to Personal Capital Advisors Corporation, a subsidiary of Personal Capital. Personal Capital Advisors Corporation is an investment adviser registered with the Securities and Exchange Commission (SEC). Registration does not imply a certain level of skill or training nor does it imply endorsement by the SEC.