6/25/2023 0 Comments Super mom headquarters![]() My mom's trust has been held by a small trust management company that charges outrageous fees and put her money in some high-fee funds, so the first thing I'm trying to do is save her money on fees. Personal Capital is great for analyzing investment fees However, I have the same ultimate goal using Personal Capital for my money and my mom's: I'm looking to save money on fees and ensure our investments are optimized for our different goals and needs. I want to see her investments independent of mine. We have different financial needs and target retirement dates, so it wouldn't make sense to add her investments to my Personal Capital account. Once my mom's money moves into her new trust account, I'm going to open a brand new Personal Capital account for her investments. I don't log in every day, but I do like to check in at least every few months to make sure my investments are running the way I want. I use the app to better understand my portfolio and how all of my investments fit together across multiple accounts. I signed up for Personal Capital myself way back in October 2012. ![]() Personal Capital is my favorite investment analysis tool When managing a new investment account for the first time, I'm going to plug into Personal Capital as step one. The time has come for me to start helping my parents with their money a bit more, and I'm starting with a trust left to my mom by my grandmother. ![]() While I still look to my parents for wisdom on a wide range of topics, when it comes to money, I am the clear family expert. Part of getting older sometimes means helping our parents. By clicking ‘Sign up’, you agree to receive marketing emails from InsiderĪs well as other partner offers and accept our
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