I have a variety of funds with different entities and in an effort to simplify and better understand all that I have I went to Personal Capital and logged them all in. I really like the easy interface and snapshot of each account. Actually, it is eye opening to see it all in one place and that there are so many accounts (banking and credits cards along with investments), and I thought I was simplified!
Anyway, they contacted me and identified a few places where I am paying way too high of fees, and that although on the surface I was invested very close to my asset allocation, underneath it all I was unbalanced. Lastly, they have offered to get inside my 457K to let me know what their advice on that would be, and it may very well show that as unbalanced as well.
So my question is have any of you transferred your assets to them to manage? Their fee is 0.89 (that's it, no other fees added to each fund etc.). I am currently paying a fee for each fund I am in, plus a fee to my broker to manage those. I know there are other ways to go for lower fees than PC, including Vanguard, but I may not be the right person for those index accounts since I am not really sure of what I'm doing and feel I need a little guidance. I'd hate to try and save .5% going to Vanguard, but loose site of the big picture and loose much more whole percentage points by making an investment mistake.
Aside from the little higher fee that might get some of you to cringe, I have a more basic (and primal) fear of letting my assets go to this entity (Personal Capital) with just a few clicks of the mouse. I want to hear if some of you have done this and if you feel it is a safe thing to do.
BTW - I started down this road in the first place after reading about PC here, so I do think it is safe, but need a little reassurance.
Thanks!