Personal Capital’s Referral Program (the “Referral Program”), allows users (“Referring User” or “Referring Users”) to receive benefits in the form of referral incentives (“User Incentive” or “User Incentives”) by referring friends (“Referred Friend” or “Referred Friends”) to become new users of Personal Capital’s Dashboard.
Eligibility
Eligible Referred Friends may also receive User Incentives. To qualify for User Incentives, a Referred Friend must sign up for the Dashboard through the individualized referral link provided in the Referring User’s Dashboard. The Referred Friend must link at least one valid investment account (e.g. brokerage, 401k, IRA) containing a balance of more than $1,000 USD within 30 days of registering for the Dashboard. Referred Friends must agree to Personal Capital’s Terms of Use and the terms and conditions of the Referral Program as described in this section. Accounts that do not qualify as valid investment accounts include bank, credit or debit card, Paypal, Stash, Acorns, Kapitall, Groundfloor, WageWorks HSA, Coinbase, digital currency exchanges, and manual investment accounts.
The Referral Program is only available to friends who are first-time users of the Dashboard and link a unique investment account. Investment accounts that have already been linked to any Personal Capital user account are ineligible. Personal Capital user accounts that have previously been closed or deleted are also ineligible.
User Incentives
If a Referred Friend successfully completes the required enrollment process as described in this section, both the Referring User and the Referred Friend will qualify to receive User Incentives. User Incentives may include offers for gift cards, Personal Capital Cash funds, physical goods, access to live or online events, or donations to organizations. The scope, variety, type, or amount of User Incentives may change and vary by promotion and will be disclosed in promotional materials. User Incentives may be delivered by physical mail or electronically to the registered emails of Referring Users and Referred Friends. Personal Capital employees are not eligible to receive User Incentives.
Client Incentives
Clients may also participate in the Referral Program. If a Client refers a friend who becomes a Client, both the Client (“Referring Client” or “Referring Clients”) and the Referred Friend may receive additional promotional referral incentives (“Client Incentive” or “Client Incentives”) from Personal Capital Advisors Corporation (“PCAC”) in the form of 3 months of free advisory services for both the Referring Client and the Referred Friend who becomes a trading client of PCAC. Referred Friends who receive 3 months of free advisory services as a result of becoming trading clients must maintain the minimum qualifying account balance (minus any losses related to trading or market volatility, or margin debit balances) with PCAC during the term of the 3 month free period. No increased management fees or additional fees will be charged to the Referred Friend who becomes a client of PCAC as a result of participating in the Referral Program. Personal Capital’s Part 2A Form ADV brochure can be found here. Personal Capital employees are not eligible to receive Client Incentives.
Promotions offered through the Referral Program are not valid with any other offers. Except as required by law, User Incentives cannot be transferred for value or redeemed for cash. The Referral Program is available only to U.S. residents. User Incentives are void where prohibited. Unless otherwise specified, third parties, including those whose names may be associated with certain User Incentives, are not sponsors of the Referral Program or any other Personal Capital promotion or offer.
Additional Referral Program terms
Referring Users may not receive more than 30 User Incentives in 30 days and may not receive more than 100 total lifetime User Incentives.
Referring Users and Referred Friends may be issued IRS Form 1099-MISC tax forms for User Incentives that collectively exceed $600 in value. As a result of participating in the Referral Program, Referring Users and Referred Friends may be subject to tax reporting and are responsible for tax obligations arising from the receipt of User Incentives.
Referring Users agree not to: use individualized referral links for commercial purposes; make individualized referral links available to the general public via commercial websites (e.g. blogs, Reddit, Craigslist, coupon websites, Wikipedia); use paid social media, paid searches, or any other paid advertising to distribute individualized referral links; send individualized referral links to any deals, coupon, bonus, or rewards email distribution lists; spam anyone with referral invitations, including mass emailing, texting, or messaging individuals that the Referring Users do not know; or use automated systems, bots, or programmed scripts to distribute, post, or share individualized referral links.
Personal Capital is not responsible for incorrect entries of information, failure to use a Referring User’s individualized referral link, or any other failure on the part of Referred Friends to meet the standards for qualifying for User Incentives. Using an ad blocker may adversely affect Personal Capital’s ability to determine account eligibility for the Referral Program. Final determination of eligibility for promotions offered by the Referral Program will be at the sole discretion of Personal Capital.
Individuals who participate in Personal Capital’s Affiliate Program may not participate in the Referral Program.
Personal Capital reserves the right to terminate any promotions associated with the Referral Program at any time and to refuse or recover any User Incentive if Personal Capital determines that the User Incentives were obtained under wrongful or fraudulent circumstances, that inaccurate or incomplete information was provided by the Referred Friend in opening an account with the Dashboard, that any rules or regulations have been or would be violated, or that any Terms of Use have been violated. Personal Capital reserves the right to review and investigate referral activities and suspend user accounts or modify referrals at Personal Capital’s sole discretion.
Personal Capital may update the terms of the Referral Program at any time without prior notice. If Personal Capital modifies the terms of the Referral Program, it will post the modification on Personal Capital’s website, which will become effective upon posting. Continued participation in the Referral Program after any modification will constitute consent to such modification.
More information on Personal Capital Cash, including terms and disclosures, can be found here.