The Problem with Personal Capital (Empower)
Personal Capital (now Empower) defined the category of free wealth tracking. It's a beautiful tool for seeing your net worth in one place. But for many investors, the "free" price tag comes with a catch: aggressive sales calls.
Their business model is simple: give you a free dashboard, then upsell you on expensive wealth management services (0.89% AUM fees). If you're a self-directed investor who wants professional tools without the sales pitch, you need an alternative.
Personal Capital's Strengths
- Excellent net worth tracking and budgeting tools
- Retirement fee analyzer is best-in-class
- Great retirement planner/calculator
- Completely free (monetarily)
- Strong bank account integration
Where It Falls Short
- Frequent sales calls from advisors
- No real-time risk alerts (volatility/correlation)
- Limited crypto support (basic tracking only)
- Cannot track custom assets easily
- Focus is on "passive" investing, not active risk management
- Data is used to market services to you
💡 The Core Difference
Personal Capital wants to manage your money for you. Guardfolio gives you the tools to manage it yourself like a professional. We don't want your assets; we want to protect them.
Why Guardfolio is the Best Alternative
Guardfolio was built for the modern, self-directed investor. We believe you shouldn't have to hand over 1% of your wealth just to get decent risk analysis.
1. Professional Risk Analytics (No Advisor Required)
Personal Capital gives you basic asset allocation charts. Guardfolio gives you institutional-grade risk metrics:
- Correlation Matrix: See how assets move together
- Concentration Risk: Detect hidden over-exposure
- Volatility Alerts: Know when risk spikes
- Drawdown Warnings: Protect capital before it's gone
2. Privacy First
We charge a transparent subscription fee because you are the customer, not the product. We never sell your data, and we will never call you to sell wealth management services.
3. True Multi-Asset Support
Modern portfolios aren't just stocks and bonds. Guardfolio natively supports:
- Stocks & ETFs
- Cryptocurrency (DeFi, cold wallets, exchanges)
- Real Estate
- Private Equity
- Gold & Commodities
Feature Comparison
| Feature | Personal Capital (Empower) | Guardfolio |
|---|---|---|
| Price | Free (Ad-supported) | Subscription (Private) |
| Sales Calls | Yes, frequent | Never |
| Net Worth Tracking | ✓ Excellent | ✓ Excellent |
| Risk Analysis | ~ Basic Allocation | ✓ Institutional Grade |
| Real-Time Alerts | ✗ | ✓ 24/7 Monitoring |
| Crypto Support | ~ Basic | ✓ Advanced |
| Retirement Planner | ✓ Best-in-class | ~ Focused on Risk |
| Correlation Matrix | ✗ | ✓ Included |
Stop the Sales Calls. Start Managing Risk.
Get the professional tools you need without the "free" product trade-offs. Guardfolio is the privacy-first, risk-first alternative for serious investors.
Start Your Free Trial →