Personal Capital
 | |
| Company type | Private |
|---|---|
| Industry | Finance |
| Founders | Bill Harris, Rob Foregger, Louie Gasparini, Paul Bergholm |
| Headquarters | Redwood Shores, CA |
Area served | United States |
Key people | |
| AUM | $12.3 billion[2] |
| Website | www |
Personal Capital is an online financial advisor and personal wealth management company headquartered in Redwood Shores, CA with offices in San Francisco, CA, Denver, CO, Dallas, TX and Atlanta, GA.[3]
History
Personal Capital was founded by Bill Harris, Rob Foregger, 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.[8][4] In June 2015, Personal Capital had over $1.5 billion in assets under management.[9] In September 2015, there were 800,000 people using Personal Capital's free investing tools to monitor $150 billion in assets.[9]
In June 2016, National Basketball Players Association (NBPA) teamed up with Personal Capital through a financial education program.[10]
In December 2016, Personal Capital raised $25 million in Series E funding from IGM Financial, closing the round at $75 million.[11]
Product
Since inception, Personal Capital has provided both free and paid wealth management products.[8]
Free registration has included a digital overview of user finances along with access to Personal Capital's financial analytic and planning tools.[12] 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.[8][12] 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.[13][14]
Managed accounts have been an available option for clients with a minimum of $100,000[15] in assets and include a team of financial advisors assigned to each account in exchange for a fee.[12]
Security
Personal Capital partners with Yodlee Interactive to store and secure customer brokerage credentials.[16][17]
References
- ^ "About Us - Personal Capital".
- ^ "About Us - Personal Capital".
- ^ "Contact Us - Personal Capital".
- ^ a b "17. Personal Capital:Online 360-degree personal finance platform". CNBC. CNBC.
- ^ a b "Company Overview of Personal Capital Corporation". Bloomberg L.P. Bloombert. Retrieved 16 November 2015.
- ^ Schonfeld, Erick. "Former Intuit CEO Bill Harris Launches Personal Capital". TechCrunch. TechCrunch. Retrieved 15 November 2015.
- ^ "PERSONAL CAPITAL ADVISORS CORPORATION". US Securities and Exchange Commission. Retrieved 14 November 2015.
- ^ a b c "18. Personal Capital". CNBC. Retrieved 16 November 2015.
- ^ a b MacKillop, Scott. "Almost lost in the robo shuffle, Personal Capital, in its 'special category,' is winning as told by an overlooked metric: revenues". RIABiz. RIABiz. Retrieved 16 November 2015.
- ^ "NBPA Teams Up With Personal Capital App To Improve Player's Financial Skills". SportTechie. 2016-06-09. Retrieved 2018-05-18.
- ^ "Personal Capital Receives $50M in Equity and Debt Funding". FinSMEs. 2016-12-15. Retrieved 2016-12-16.
- ^ a b c Taulli, Tom. "When Personal Capital Talks, People Should Listen". Forbes. Forbes.
- ^ Cannon, Andrea. "These 5 Apps Will Help You Finally Organize Your Money". WiseBread. WiseBread. Retrieved 16 November 2015.
- ^ Fontinelle, Amy. "BillGuard Vs. Mint Vs. SigFig Vs. Personal Capital". Investopedia. Investopedia. Retrieved 14 November 2015.
- ^ O'Shea, Arielle. "Online Advisor Personal Capital Lowers Account Minimum". nerdwallet. Retrieved 12 January 2016.
- ^ Bernard, Tara Siegel. "Personal Capital Aims to Be Next-Generation Financial Adviser". New York Times. New York Times.
- ^ Hope, Bradley. "Provider of Personal Finance Tools Tracks Bank Cards, Sells Data to Investors". Wall Street Journal. Wall Street Journal.