We spent over 100 hours testing robo-advisors, opening and funding an account with each robo to acquire a true client experience and find the best robo advisors
. In this comparison, we will compare Personal Capital vs Schwab Intelligent Portfolios to see which robo-advisor is better.
First, let’s take a look at the fees of these two investment advisors. Cost is broken down into both the annual management fee charged each year as well as the expense ratios charged by the ETF holdings themselves. Schwab Intelligent Portfolios is a better option with a 5.00 star rating over Personal Capital's 3.00 star rating.
Looking at both robo-advisors, we can also explore their features. Personal Capital alongside Schwab Intelligent Portfolios offer tax-loss harvesting. For running predictions on retirement, clients will want to use a retirement calculator. Personal Capital and Schwab Intelligent Portfolios both offer an advanced retirement calculator. Tracking personal financial goals can also be important. Personal Capital and Schwab Intelligent Portfolios both offer goal tracking. Finally, the ability to import and aggregate third-party financial accounts for holistic analysis can be particularly useful. Both Personal Capital and Schwab Intelligent Portfolios offer external accounts analysis.
Lastly, tech savvy Millennials may find it valuable to have access to customer service through phone, email, and live chat. However, not every robo-advisor offers live chat support. Schwab Intelligent Portfolios has live chat support, Personal Capital doesn't.
Overall, both Personal Capital and Schwab Intelligent Portfolios share a rating of 4.50 stars. And, as far as individual category awards go, Schwab Intelligent Portfolios posted awards Best in Class - Cost and Best in Class - Platforms & Tools, while Personal Capital found itself with none of these.