Millennial Financial Planner

March 14, 2018
















With the dot com crash, Enron, WorldCom, Bernie Madoff, market sells off in 2001, and the Financial Recession/Housing Market in 2007-2008, it is no wonder the young and upcoming generation places very little faith in banks and, unfortunately, financial advisors & planners.  Legg Mason Investor Services reported that an estimated 85% of millennials have a conservative risk tolerance when it comes to investing.  While some may be dumbfounded by this research because advisers have always suggested that the younger you are, the more risk one should take; however, look at the integral part of the generation's understanding of finance.  Faced with adversities and scandals for over a decade, why would they trust financial institutions. 


The growth of technology has taken advantage of this trend as people have shifted their faith into technology.  Entrepreneurs have given rise to tech platforms from robo-advisors to automated investing and retirement investing with app based products.  One notable service that I have been using and trying for some friends is Personal Capital.  The company has built a tech platform designed to manage money while empowering individuals to obtain cutting edge technology with objective financial advice.  Personal Capital is no small potato as the company currently has 1.6 million registered users as of the date of this article, to include $500 billion in account assets tracked, and $6.5 billion in assets under management. The company has been recognized by Forbes, Kiplinger, Macworld and other credible companies.  Using state-of-the -art encryption by Qualys SSL Labs obtains a stronger rating of protection than most major banks or brokerages.  


By offering innovative tools and registered financial advisors, individuals can schedule a consultation should they chose in order to determine which wealth strategy best fits his or her lifestyle and what level of risk to take. If one is worried about fees, they have been recommended as having lower fees than traditional brokers.  


Tracking one's cash flow is a great one-stop source to quickly assess if too much spending has been performed so that one can quickly adjust to ensure he or she doesn't break their monthly limit and dip into the credit realm.  These savings can quickly allow one to put the difference towards retirement such as a Roth IRA.  See DollarOtter's YouTube video on Roth IRA


 I have searched high and low and wasted money on apps trying to find a service that delivers a one-stop shop for my finances.  While some deliver in key areas, there is always a shortfall in one category or another until I stumbled across Personal Capital.  Being able to track my finances from expenses such my coffee shop visits to maximizing my IRA is what I love most.  Give it a try and let us know what you think.




The statement is provided to you by, "Nick Carroll" who have entered into a referral agreement with Personal Capital Corporation ("PCC"), through which Author will be paid $100 for each person who uses this webpage to register with Personal Capital and links at least $100,000 in investable assets to Personal Capital's Free Financial Dashboard. Author is not affiliated with PCC and Author's services consist solely of referrals of prospective clients. As a result of this arrangement Author may financially benefit from referring potential clients to Personal Capital. 

No fees or other amounts will be charged to investors by Author or Personal Capital as a result of the Referral Arrangement. Investors that are referred to PCC and subsequently subscribe for investment advisory services provided by PCC’s affiliated adviser, Personal Capital Advisors Corporation (“PCAC”) will not pay increased management fees or other similar compensation to Author, PCC or PCAC as a result of this arrangement. Additional information about PCAC is contained in Form ADV Part 2A available here.

Please reload

follow us

Affiliate Ad

  • Grey Instagram Icon
  • Grey Pinterest Icon
  • Grey Facebook Icon
  • Grey Twitter Icon
  • Grey YouTube Icon

Previous Articles

Should You Put Money in a CD or a Savings Account

January 25, 2020

8 Ways to Lower Your Medical Bills in 2019

December 14, 2019

6 Tips for Avoiding Christmas Scams in 2019

December 9, 2019

Please reload


  • Instagram - Black Circle
  • Pinterest - Black Circle
  • Facebook - Black Circle
  • YouTube - Black Circle

© Dollar Otter and, 2019.  Unauthorized use and/or duplication of this material without express and written permission from this site's author and/or owner is strictly prohibited.  Excerpts and links may be used, provided that full and clear credit is given to Dollar Otter and with appropriate and specific direction to the original content.