Company:Personal Capital
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| Type | Private |
|---|---|
| Industry | Finance |
| Founders | Bill Harris, Rob Foregger, Louie Gasparini |
| Headquarters | San Carlos, CA |
Area served | United States |
Key people | |
| AUM | $8 billion[1] |
| Website | www |
Personal Capital is an online financial advisor and personal wealth management company headquartered in San Carlos, California with offices in San Francisco, CA and Denver, CO.[2][3]
History
Personal Capital was founded by Bill Harris, Rob Foregger and Louie Gasparini, and Paul Bergholm in 2009.[4] Personal Capital was formerly known as SafeCorp Financial Corp.[5] The name was changed in 2010 and publicly launched on September 9, 2011.[5][6] Since 2012, Personal Capital has been registered with the U.S. Securities and Exchange Commission (SEC) as an investment advisor.[7]
In both 2014 and 2015, Personal Capital was named to CNBC Disruptor 50 list.[2][4] In June 2015, Personal Capital had over $1.5 billion in assets under management.[8] In September 2015, there were 800,000 people using Personal Capital’s free investing tools to monitor $150 billion in assets.[8]
In June 2016, National Basketball Players Association (NBPA) teamed up with Personal Capital through a financial education program.[9]
In December 2016, Personal Capital raised $25 million in Series E funding from IGM Financial, closing the round at $75 million.[10]
Product
Since inception, Personal Capital has provided both free and paid wealth management products.[2]
Free registration has included a digital overview of user finances along with access to Personal Capital’s financial analytic and planning tools.[11] Users link their banks, brokerages, 401(k)s, mortgages, credit cards, and loans. Analytics and planning advice is then automated through a 401(k) fee analyzer, retirement planner, mutual fund analyzer, an investment checkup, and cash flow tool.[2][11] A free Personal Capital app for iOS and Android devices has also been available to all users with the same monitoring, analytic, and planning functionalities as the web version.[12][13]
Managed accounts have been an available option for clients with a minimum of $100,000[14] in assets and include a team of financial advisors assigned to each account in exchange for a fee.[11]
Security
Personal Capital partners with Yodlee Interactive to store and secure customer brokerage credentials.[15][16]
References
- ↑ "About - Personal Capital Corporation". https://www.personalcapital.com/company.
- ↑ 2.0 2.1 2.2 2.3 "18. Personal Capital". CNBC. https://www.cnbc.com/2015/05/12/personal-capital-disruptor-50.html. Retrieved 16 November 2015.
- ↑ Svaldi, Aldo. "Personal Capital picks Denver as hub for its financial advisers". The Denver Post. http://www.denverpost.com/breakingnews/ci_24215258/personal-capital-picks-denver-hub-its-financial-advisers. Retrieved 16 November 2015.
- ↑ 4.0 4.1 "17. Personal Capital:Online 360-degree personal finance platform". CNBC. https://www.cnbc.com/2014/06/17/disruptors-in-2014-personal-capital.html.
- ↑ 5.0 5.1 "Company Overview of Personal Capital Corporation". Bloombert. https://www.bloomberg.com/research/stocks/private/snapshot.asp?privcapId=108747908. Retrieved 16 November 2015.
- ↑ Schonfeld, Erick. "Former Intuit CEO Bill Harris Launches Personal Capital". TechCrunch. https://techcrunch.com/2011/09/20/bill-harris-launches-personal-capital/. Retrieved 15 November 2015.
- ↑ "ERSONAL CAPITAL ADVISORS CORPORATION". https://www.adviserinfo.sec.gov/IAPD/Content/Search/iapd_landing.aspx?SearchGroup=Firm&FirmKey=155172&BrokerKey=-1. Retrieved 14 November 2015.
- ↑ 8.0 8.1 MacKillop, Scott. "Almost lost in the robo shuffle, Personal Capital, in its 'special category,' is winning as told by an overlooked metric: revenues". RIABiz. http://www.riabiz.com/a/5024014858715136/almost-lost-in-the-robo-shuffle-personal-capital-in-its-special-category-is-winning-as-told-by-an-overlooked-metric-revenues. Retrieved 16 November 2015.
- ↑ "NBPA Teams Up With Personal Capital App To Improve Player's Financial Skills" (in en-US). SportTechie. 2016-06-09. https://www.sporttechie.com/nbpa-teams-up-with-personal-capital-app-to-improve-players-financial-skills/.
- ↑ "Personal Capital Receives $50M in Equity and Debt Funding". FinSMEs. 2016-12-15. http://www.finsmes.com/2016/12/personal-capital-receives-50m-in-equity-and-debt-funding.html.
- ↑ 11.0 11.1 11.2 Taulli, Tom. "When Personal Capital Talks, People Should Listen". Forbes. https://www.forbes.com/sites/tomtaulli/2015/10/01/when-personal-capital-talks-people-should-listen/.
- ↑ Cannon, Andrea. "These 5 Apps Will Help You Finally Organize Your Money". WiseBread. http://www.wisebread.com/these-5-apps-will-help-you-finally-organize-your-money. Retrieved 16 November 2015.
- ↑ Fontinelle, Amy. "BillGuard Vs. Mint Vs. SigFig Vs. Personal Capital". Investopedia. http://www.investopedia.com/articles/personal-finance/031215/billguard-vs-mint-vs-sigfig-vs-personal-capital.asp. Retrieved 14 November 2015.
- ↑ O'Shea, Arielle. "Online Advisor Personal Capital Lowers Account Minimum". https://www.nerdwallet.com/blog/investing/personal-capital-lowers-account-minimum/. Retrieved 12 January 2016.
- ↑ Bernard, Tara Siegel. "Personal Capital Aims to Be Next-Generation Financial Adviser". New York Times. http://bucks.blogs.nytimes.com/2011/09/22/personal-capital-aims-to-be-next-generation-financial-adviser/.
- ↑ Hope, Bradley. "Provider of Personal Finance Tools Tracks Bank Cards, Sells Data to Investors". Wall Street Journal. https://www.wsj.com/articles/provider-of-personal-finance-tools-tracks-bank-cards-sells-data-to-investors-1438914620.
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