Top 3 Learnvest alternatives

Top 3 Learnvest alternatives

Learnvest announced last week that it’s shutting down its online tools and financial planning services, and all account access will be discontinued by June 5. While that isn’t great news for many who used their services, there are alternatives that can help you continue where you left off. Here are the top 3:

1. Onist

2. Personal Capital

3. Mint

 

  1. Onist

Onist is a collaborative financial management platform that provides you with a clear picture of your net worth and cash flow while also allowing you to store important life documents (insurance policies, will, etc.) You can then share this data with family members and the financial professionals you work with.

Similarities to Learnvest:

  • Online dashboard to see all of your financial accounts.
  • View your transactions from multiple accounts and credit cards in one place.
  • Look at your account with your advisor to help you with financial planning.

Differences from Learnvest:

  • Add other assets like real estate, vehicles, etc. for a complete view of your family’s net worth outside of just bank accounts and investments.
  • Sort your transactions by who spent or brought in the money (you, spouse, kids).
  • Onist is independent of any advisor, you can work with who you want and don’t have to start from scratch if you change professionals.
  • Add your personal business, trusts, partnerships, etc. into your consolidated picture of your net worth.
  • The “collaborative” part of Onist’s platform means you can decide which family members and professionals get access to each account, asset, liability or document at a granular level.
  1. Personal Capital

Personal Capital is a wealth management firm that offers a free PFM solution. Based on how much money a user has in their account, Personal Capital advisors will contact these users to upsell them on Personal Capital’s wealth management services. They charge a fee based on the percentage of assets they manage for you.

Similarities to Learnvest:

  • Online dashboard to see all of your financial accounts.
  • View your transactions from multiple accounts and credit cards in one place.
  • Budgeting capabilities.
  • Once you have a certain amount of money in your account, their financial advisors will begin to contact you. Then for an additional fee, you can work with a Personal Capital advisor.

Differences from Learnvest:

  • Personal Capital’s primary focus is on investments, while Learnvest focused more on budgeting.
  • Create financial goals and monitor your individual progress towards these goals.
  • Includes retirement planner tool.
  1. Mint

Mint is a personal financial management service that lets you manage your money, pay your bills and track your credit score. Mint is a free offering and their platform includes ads.

Similarities to Learnvest:

  • Online dashboard to see all of your financial accounts.
  • View your transactions from multiple accounts and credit cards in one place.
  • Budgeting capabilities.
  • Mint automatically updates and categorizes your information.

Differences from Learnvest:

  • See your credit score in your account along with your bank accounts and budgets.
  • Your account is free to use as a consumer but you will see ads on your dashboard and other pages.
  • There is no option to work with an advisor, Mint is strictly a DIY tool.