Personal Capital

Personal Capital
Private
Industry Finance
Founders Bill Harris, Rob Foregger
Headquarters San Carlos, CA
Area served
 United States
AUM $3 billion[1]
Website www.personalcapital.com

Personal Capital is an online financial advisor and personal wealth management firm headquartered in San Carlos, California with offices in San Francisco, CA and Denver, CO.[2][3]

History

Personal Capital was founded by Bill Harris and Rob Foregger 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]

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.[9] Users link their banks, brokerages, 401Ks, mortgages, credit cards, and loans. Analytics and planning advice is then automated through a 401K fee analyzer, retirement planner, mutual fund analyzer, an investment checkup, and cash flow tool.[2][9] 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.[10][11]

Managed accounts have been an available option for clients with a minimum of $25,000[12] in assets and include a team of financial advisors assigned to each account in exchange for a fee.[9]

Security

Personal Capital partners with Yodlee Interactive to store and secure customer brokerage credentials.[13][14]

References

  1. ↑ "Personal Capital Exceeds $3 Billion in Assets Under Management". PR Newswire. 15 September 2016. Retrieved 17 November 2016.
  2. 1 2 3 4 "18. Personal Capital". CNBC. Retrieved 16 November 2015.
  3. ↑ Svaldi, Aldo. "Personal Capital picks Denver as hub for its financial advisers". The Denver Post. The Denver Post. Retrieved 16 November 2015.
  4. 1 2 "17. Personal Capital:Online 360-degree personal finance platform". CNBC. CNBC.
  5. 1 2 "Company Overview of Personal Capital Corporation". Bloomberg. Bloombert. Retrieved 16 November 2015.
  6. ↑ Schonfeld, Erick. "Former Intuit CEO Bill Harris Launches Personal Capital". TechCrunch. TechCrunch. Retrieved 15 November 2015.
  7. ↑ "ERSONAL CAPITAL ADVISORS CORPORATION". US Securities and Exchange Commission. Retrieved 14 November 2015.
  8. 1 2 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.
  9. 1 2 3 Taulli, Tom. "When Personal Capital Talks, People Should Listen". Forbes. Forbes.
  10. ↑ Cannon, Andrea. "These 5 Apps Will Help You Finally Organize Your Money". WiseBread. WiseBread. Retrieved 16 November 2015.
  11. ↑ Fontinelle, Amy. "BillGuard Vs. Mint Vs. SigFig Vs. Personal Capital". Investopedia. Investopedia. Retrieved 14 November 2015.
  12. ↑ O'Shea, Arielle. "Online Advisor Personal Capital Lowers Account Minimum". nerdwallet. Retrieved 12 January 2016.
  13. ↑ Bernard, Tara Siegel. "Personal Capital Aims to Be Next-Generation Financial Adviser". New York Times. New York Times.
  14. ↑ Hope, Bradley. "Provider of Personal Finance Tools Tracks Bank Cards, Sells Data to Investors". Wall Street Journal. Wall Street Journal.
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