Monitoring your financial condition is important, but giving your financial information to a third-party provider might be challenging. Although several personal wealth management applications are available, selecting the best one becomes more difficult when dealing with a wide range of currencies and assets.

A well-liked resource for anyone searching for free financial planning and asset management solutions, Personal Capital is only accessible in the United States and does not support accounts located in Canada. Let's examine some of the top Personal Capital alternatives and discuss why Kubera is at the top.

Kubera

The premium portfolio and net worth tracking software Kubera paints a complete picture of your financial situation by allowing you to monitor your assets, including investments, real estate, and more. The software's ability to monitor many different types of assets validates its moniker as the "world's most modern net worth tracker." Founded in 2018, Kubera App has grown to monitor over $12.10 billion for individuals and $3.4 billion for organizations.

Pricing

Kubera is a net worth tracker app that charges $150 a year for his plan. Alternatively, you may pay $1 to use the site for a 14-day trial. You can also construct your portfolio during your trial period to see if you like using Kubera before purchasing. Kubera also offers an institutional plan for CPAs, advisers, and family offices; however, a customized quotation must be obtained directly from the firm.

Websites like Empower provide free net worth monitors, whereas Kubera App does not sell your data; membership payments are the firm's sole revenue source. It also syncs more smoothly than many applications that need help synchronizing with your bank and brokerage account.

Features

Thanks to its many useful extras, Kubera has quickly become one of the market's best portfolio and wealth trackers. Some features are mentioned below:

• Seamless integration: Integrating with a wide range of brokers and banks is a breeze with Kubera since it uses aggregation services like Plaid and Yodlee.
• Real estate management: A near-death experience led Kubera's creator to track his inheritance. He aimed to add a "dead man's switch" as a significant feature. It helps transfer assets after a disability or accident.
• White-Label service: Utilising Kubera App architecture and rebranding it as a white-label service allows enterprises to offer clients cutting-edge monitoring technologies.
• Shareable: You can easily control who has access to what in Kubera, whether it's your spouse or financial advisor.
• Insurance: Handwritten disability, income protection, and life insurance policies are available. One slot is for your policy number; with this information, your family may find it simpler to obtain insurance benefits.

Personal Capital

Since its founding in 2009, more than two million users have turned to Personal Capital alternatives for assistance with budgeting, asset tracking, and retirement planning. Their financial management program, which combines human help with the Robo-advisor approach, is used by around 19,000 customers. Also, they manage over $9 billion worth of assets.

As the firm puts it, it's "a whole new way to manage your money," which is 100% accurate. It offers something that many free personal finance apps don't: it strongly emphasizes retirement. It can help you save money on fees and monitor your progress.

Cost

The Empower net worth tracker app is free. After linking your accounts, you may use its budgeting and other features for free. Empower's optional wealth management has one charge. Asset management from Empower costs an all-inclusive yearly fee. Also, a tiered charge system bases costs on assets under management.

The first $1 million incurs 0.89 percent fees for main and premium customers. Fees are reduced for private customers with $1 million in assets. For the first $1 million in investment assets, main and premium customers pay 0.89%. For individual customers, there are multiple investment tier prices:

• The rate is 0.79% for the first $3,000,000 invested assets.
• $35 million, or $2 million, reduces rates by 0.69%.
• The following 5-10 million dollars drop 0.59%.
• Rates drop to 0.49% for investments exceeding $10 million.

Key Feature

• Retirement Planner: Besides reviewing your linked accounts, your retirement planner will ask about your age, estimated retirement age, present and projected savings, and progress. To estimate your retirement age and funds based on life events like a job change, having a family, paying for college, etc., it's simple to simulate "what-if" scenarios. The personal Capital alternatives app advises adjusting your retirement objectives if they don't fit your current or future finances.
• Performance Portfolio: This is an examination of your investment holdings, and to ensure you're making the most of your assets, Personal Capital examines your past financial decisions. If you are not, they will suggest a more suitable blend of assets to support the long-term stability of your portfolio.
• Cash Flow Analyzer: Clicking on your cash flow can give you a clearer picture of your monthly spending patterns. In addition to the comprehensive graph, you can see transactions from any linked account in the net worth tracker app. Also, every transaction has its budgeting category, and you can add tags to customize the arrangement further.
• Budgeting: Alternative applications better suit budgeting. Even so, Personal Capital isn't helpless. After connecting accounts, the cash flow analyzer creates a dashboard budget. Moreover, presenting your monthly spending total, category expenditure breakdown, and whether you went over or below budget keeps you on track toward your objectives.
• Net Worth Tool: Your net worth is the amount left after debts and assets are paid off. You may display your present location and the previous 30, 60, or 90 days as a collection of assets and obligations, such as mortgages, loans, cash, investments, credit, etc. Personal Capital alternatives app values net worth as a measure of financial stability.

Final Verdict

Modern investors, particularly those with digital and varied portfolios, use Kubera to track their assets. It trails Personal Capital as a net worth tracker app here. Kubera App and Personal Capital provide fantastic services to various consumers, so picking one depends on personal preference and economic objectives.