Author Topic: What will change now that Empower Retirement acquired Personal Capital?  (Read 1421 times)

Mrs Brightside

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I have to say I was disappointed to realize Personal Capital was purchased recently. I hope that doesn't mean their dashboard/tools will be going away or cost $$. Or become Empower only access. I never used PC for advisory purposes but I haven't found another tool that works so well for tracking net worth. Ironically, the one thing Personal Capital stopped pulling in was our Empower retirement plan a few months back...

https://finance.yahoo.com/news/empower-retirement-acquire-personal-capital-113500170.html

Kayad

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Re: What will change now that Empower Retirement acquired Personal Capital?
« Reply #1 on: August 19, 2020, 11:50:44 PM »
Yikes, didn’t know this.  Empower has my employer’s 403(b), I hate them because they charge .75% aum annual fee.

iris lily

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Re: What will change now that Empower Retirement acquired Personal Capital?
« Reply #2 on: August 20, 2020, 09:18:07 PM »
Yikes, didn’t know this.  Empower has my employer’s 403(b), I hate them because they charge .75% aum annual fee.
I just Rolledover $380,000 from Empower to a Vanguard account. I don’t have a real point here except to say hey ya hello
Empower person here. Empower was a whole lot easier to get the money from than Transamerica is. I have an IRA with Transamerica and I am jumping through more hoops to Roll it over to Vanguard

the_gastropod

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Re: What will change now that Empower Retirement acquired Personal Capital?
« Reply #3 on: August 20, 2020, 09:28:03 PM »
Hah! I got a random email from Edelman Financial Engines today about my previous employer (a veeeeery small startup) 401k. I was very confused about where they got this info, but this is probably the answer, eh?

Personal Capital fails to integrate with 2/3 of my investment accounts anymore, anyway. May be time to kill this thing.

johndoe

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Re: What will change now that Empower Retirement acquired Personal Capital?
« Reply #4 on: August 20, 2020, 09:32:43 PM »
Is there a good way to backup data (net worth over time) other than images just in case it's eventually not free?

swashbucklinstache

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Re: What will change now that Empower Retirement acquired Personal Capital?
« Reply #5 on: August 21, 2020, 01:13:13 PM »
Is there a good way to backup data (net worth over time) other than images just in case it's eventually not free?
I don't have a good automated way but I definitely update a monthly or quarterly number readout from what PC says my net worth. I do that both "just in case" and because PC doesn't accurately track value-over-time for some of my accounts, though it is up to date when I look at it. That is, every time I log in it thinks all my gains in the past 3 years for one account came that day...

alcon835

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Re: What will change now that Empower Retirement acquired Personal Capital?
« Reply #6 on: August 21, 2020, 08:10:01 PM »
Is there anything else even remotely close to Personal Capital? I'm going to wait them out and see what (if anything) changes, but I want to be ready if they end up ruining it.

I've seen it go well (CapitalOne buying ING Direct, for instance) and don't want to abandon ship just because I dislike Empower.

swashbucklinstache

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Re: What will change now that Empower Retirement acquired Personal Capital?
« Reply #7 on: August 22, 2020, 03:37:04 PM »
Is there anything else even remotely close to Personal Capital? I'm going to wait them out and see what (if anything) changes, but I want to be ready if they end up ruining it.

I've seen it go well (CapitalOne buying ING Direct, for instance) and don't want to abandon ship just because I dislike Empower.
From most to least manual, as far as I'm aware
manual google sheets that can automatically read in stock tickers
gnuCash if you like the nitty gritty and want more than stock tickers
Mint or YNAB if you want high level automation

use2betrix

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Re: What will change now that Empower Retirement acquired Personal Capital?
« Reply #8 on: August 23, 2020, 03:20:02 PM »
I noticed the change in ownership and hope everything remains the same. It’s a great dashboard for tracking.

Ultimately, I still keep a separate log of my month end net worth for my own sake.