Founded in 2009, Personal Capital is a wealth management company based in San Carlos, California. Our goal is to give you a better, more logical and personal way to invest and manage your money. I’ve also written frequently about leadership, corporate diversity and entrepreneurs. All Rights Reserved, This is a BETA experience. “We had no need to sell. You are just minutes away from enjoying Personal Capital’s award-winning financial dashboard (“Dashboard”), allowing you to make sense of your whole financial picture wherever you are.With the Personal Capital Dashboard, you can effortlessly track all of your personal … The company’s CEO, Bill Harris, co-founded … I’m a graduate of Middlebury College and Columbia Journalism School. Personal Capital was founded by Bill Harris, Rob Foregger, Louie Gasparini and Paul Bergholm in 2009. Brian Ascher, a partner at venture firm Venrock who first invested in Personal Capital in 2011, says Empower “didn’t get a Covid discount … Covid didn't drive us to look for an exit.” Nonetheless, Personal Capital is selling at roughly the same price as its February 2019 valuation. Personal Capital has an impressive team of leaders at the helm of this rapidly growing company. Founder of Personal Capital… The name was changed in 2010 and publicly launched on September 9, 2011. It’s not yet profitable but nearly breaks even, Ascher says. All visuals are illustrative only. In October 2020, three of my colleagues and I won the Excellence in Personal Finance Reporting award from the RTDNA and NEFE for our stories on Robinhood. Personal Capital uses Pershing Advisor Solutions (a Bank of New York Mellon Company) as its custodian. How to Reduce Taxable Income: Can The Average American Pay No Taxes? CEO Bill Harris founded Personal Capital in 2009. They were founded in 2009 in Redwood City, California and are the pioneers of the digital wealth advisor genre. Eligible participants in the bonus compensation program and the goal metrics are established by PCC at its sole discretion. PCAC is a wholly owned subsidiary of Personal Capital Corporation ("PCC"), an Empower company. Founded in 2009, Personal Capital is the pioneer hybrid robo-advisor to help democratize access to affordable financial wealth management services. Denver-based Empower is the second-largest administrator of retirement investment plans in the U.S. after Fidelity. Investors that are referred to PCC and subsequently subscribe for investment advisory services provided by PCC’s affiliated adviser, PCAC will not pay increased management fees or other similar compensation to Author, PCC, or PCAC as a result of this arrangement. He's a cited authority on personal finance and the unique money issues he faced during his first two decades as an adult. Founded in 2009, Personal Capital is the pioneer hybrid robo-advisor to help democratize access to affordable financial wealth management services. PCC is a wholly owned subsidiary of Empower Holdings, LLC. She's been actively using the free financial tools at Personal Capital since 2014 to aid her in managing her money and planning … Jay Shah joined the same year and became CEO in 2017. Personal Capital is one of the most legitimate companies in the financial technology space today. Forbes identified Personal Capital as a likely acquisition target in May as the coronavirus was wreaking havoc on financial markets. Get started here. Founded in July 2009 by former Intuit Chief Executive Bill Harris, former Fidelity Investments trust executive Rob Foregger and fintech entrepreneur Louie Gasparini, Personal … Founder, Chopra Global. I've personally spent over 1,000 hours consulting with Personal Capital … Bill Harris is the founder of Personal Capital. What’s great about Personal Capital … Advisory services are offered for a fee by Personal Capital Advisors Corporation ("PCAC"), a registered investment adviser with the Securities and Exchange Commission. Glassdoor gives you an inside look at what it's like to work at Personal Capital, including salaries, reviews, office photos, and more. Email me jkauflin@forbes.com or send tips here: https://www.forbes.com/tips/. Registration does not imply a certain level of skill or training. Since 2012, Personal Capital has been registered with the U.S. Securities and Exchange Commission (SEC) as an investment advisor. EY & Citi On The Importance Of Resilience And Innovation, How Digital Workflows Helped Save Basketball During The Pandemic, Impact 50: Investors Seeking Profit — And Pushing For Change, Michigan Economic Development Corporation With Forbes Insights, How To Earn Bitcoin Rewards On Your Stimulus Check. Additional information about PCAC is contained in Form ADV Part 2A. Personal Capital previously … Here's how Personal Capital is doing in 2020 and beyond. I lead our fintech coverage at Forbes, and I also write about blockchain technology and investing. With the new purchase, Empower aims to increase engagement among its base of 9.7 million customers and add new clients. He continues to serve as chairman. Personal Capital is a remote-delivery, industry-leading digital wealth management company that helps people transform their financial lives through technology and advisory services. “Over time, there will be more integration … For now, they love the business as is and they’re going to let it run.”, I lead our fintech coverage at Forbes, and I also write about blockchain technology and investing. INTU Security. The firm's first significant success was a 1986 investment to help start Staples Inc., after founder Thomas G. Stemberg convinced Romney of the market size for office supplies and Romney convinced others; Bain Capital … Denver-based Empower is the second-largest … Personal Capital was founded by Bill Harris, Rob Foregger and Louie Gasparini, and Paul Bergholm in 2009. Personal Capital is one of the hottest financial technology products on the market. Personal Capital - Investing. Personal Capital offers free online financial software, retirement investment services, mobile apps, and personal wealth management services. The company was founded in 2011 by Bill Harris, the former CEO of Intuit and Paypal, has they have the best free financial software today for people serious about achieving financial freedom sooner, rather than later. Disclosure: I own some bitcoin and ether. You may lose money. The Chairman and founder, Bill Harris, has a resume’ that includes running both PayPal … Have a tip, question or comment? General Counsel and Chief Compliance Officer, Formerly with the Securities and Exchange Commission, In Memoriam: Former Head of the Stanford University Endowment. Personal Capital … Personal Capital is one of the leading digital wealth managers today with free financial software and free financial tools for everyone to use. Personal Capital … I cover fintech, blockchain and investing. One of the questions that often comes up is how does Personal Capital … Personal Capital was formerly known as SafeCorp Financial Corp. Past performance is not indicative of future returns. Personal Capital Corporation. Personal Capital was founded in mid-2009 with the mission of “better financial lives through technology and people.” They serve 2+ million registered users (I am … Founded in 2009, the goal of Personal Capital was to provide a blend of cutting-edge technology with objective financial … Personal Capital’s 22,661 customer count is barely higher than the 22,200 it had last fall. Before Forbes, I worked for ten years in marketing consulting, in roles ranging from client consulting to talent management. About two years ago, Personal Capital was exploring selling itself but ultimately didn’t find the right buyer, according to a person familiar with the matter (a Personal Capital spokesperson declined to comment). Assuming an average fee of 0.8%, its revenue over the past year was likely between $75 and $100 million. In October 2020, three of my colleagues and I won the Excellence in. Banks Have Made Big Digital Gains, But Is It A Double-Edged Sword? Personal Capital was formerly known as SafeCorp Financial Corp. He lives in … Ascher says acquisition talks began before Covid, since IGM Financial, Empower’s sister company, first invested in Personal Capital in 2016. COVID-19 Has Put Many British Businesses On Life Support Systems – Can Fintech Help Save U.K. SMEs? Jay Shah joined the same year and became CEO in 2017. Founded … Former Intuit INTU +0.5% CEO Bill Harris founded Personal Capital in 2009. We are not looking to go public at this time." Personal Capital is an online investment advisory platform that provides its clients with electronically facilitated wealth management services, objective advice, and strategies. Learn more here. Disclosure statement and acknowledgment: The statement is provided to you by ("Author") who has entered into a referral agreement with Personal Capital Corporation ("PCC"), through which Author will be paid between $70 and $150 for each person who uses this webpage to register with Personal Capital and links at least $100,000 in investable assets to Personal Capital's free Financial Dashboard (“Dashboard”). Our team is dedicated to help clients like you meet their financial goals. Author may also be eligible to participate in an additional bonus compensation program through which the Author will be paid additional compensation based on achievement of certain goal metrics related to the number of people who link investable assets to the Dashboard during a given time period. We've built our business around you. Its customers can speak with a dedicated financial advisor as often as they would like—that’s why Personal Capital shuns the label “robo-advisor” that’s otherwise embraced by fintechs like Betterment and Wealthfront. It has $656 billion in assets and is a subsidiary of Canadian insurance giant Great-West Lifeco. This Personal Capital review is by Amy, co-founder of Women Who Money. Bill Harris is Chairman/Founder at Personal Capital Corp. See Bill Harris's compensation, career history, education, & memberships. For example, Betterment charges between 0.25% and 0.4% of assets, and its average customer has $34,000 in invested assets, compared with $538,000 for Personal Capital. About Personal Capital. Jay Shah joined Personal Capital in 2009, the same year it launched, and became CEO in 2017. Track your investments, understand your cash flow, and plan for your future – and do it all in one place for free! Investing involves risk. Track Your Financial Goals for Free – Use Personal Capital’s free financial tools to track your finances and reach your goals. © 2020 Personal Capital Corporation, an Empower Company. © 2020 Forbes Media LLC. All content is posted anonymously by employees working at Personal Capital. Personal Capital at a Glance. No fees or other amounts will be charged to investors by Author or Personal Capital as a result of the Referral Arrangement. Personal Capital Overview. David Weliver is the founder of Money Under 30. Bill Harris is the founder of Personal Capital, and was CEO from 2009 and 2017. "Personal Capital was founded with the intent to build a sustainable, scalable independent company. Personal Capital was last valued at $950 million in a February 2019 fundraise, according to PitchBook. The name was changed in 2010 and publicly launched on September 9, 2011. Personal Capital automates investing for retail investors and registered investment advisors (RIAs). Welcome to Personal Capital, a personalized money management solution for a better financial life. Follow me on Twitter @jeffkauflin. To learn what personal information Personal Capital collects, please see our privacy policy for details. Information on acquisition, funding, cap tables, investors, and executives for Personal Capital, an Empower Company. According to Bill Harris, co-founder and CEO of Personal Capital, wealth management in the 21st century needs to be more dynamic than someone sitting behind a desk doling out investment … “Eighteen months more of growth and refinement of operating metrics has led to this transaction.”, Empower plans to let Personal Capital operate independently, according to Ascher. We have plenty of cash.” The company has raised $290 million in funding since its 2009 start. Shares Of Fintech Lender Upstart Jump 47% On First Day Of Trading, Global Payments: Airbnb, Expedia, Booking.com And The Travel Industry’s 2021 Prospects, Embedded Finance: A Beginner’s Guide To The Growing Intersection Of Tech And Financial Services, Green Dot And The Future Of Banking-As-A-Service, Credit Startup Raises $40M In Series D Round, Banca Generali Invests In Bitcoin Custody Service As Institutions Warm To Crypto. Former Intuit Personal Capital uses bank-level, military-grade encryption to keep client information safe and secure. Personal Capital, the San Francisco fintech that lets people invest in automated portfolios of stocks and bonds, is being bought by Empower Retirement for $825 million upfront, plus $175 million if growth goals are reached over two years. Pershing LLC is a member of FINRA, NYSE, and SIPC. Read Full Disclosures ». Featured individuals are actors or paid spokespeople and not clients of PCAC. The company has always charged higher fees and pursued a more affluent, older customer base than competitors like Betterment. Personal Capital co-founders Bill Harris and Rob Foregger of Personal Capital clearly state their goal; “build a better money management experience for consumers.” Foregger co-founded … Disclosure statement and acknowledgment: The statement is provided to you by ("Author") who has entered into a referral agreement with Personal Capital Corporation ("PCC"), through which Author will be paid between $70 and $150 for each person who uses this webpage to register with Personal Capital and links at least $100,000 in investable assets to Personal Capital… With 25 years’ experience developing financial technology, he has focused on dragging the financial industry into the 21st century. Since a year ago, its assets have grown 20%, a period when the S&P 500 rose by just 3%. … You may opt-out by. As of June 22, Personal Capital had 22,661 customers and $12.2 billion in assets under management. This is the Personal Capital company profile. It boasts more than 1.6 million users and $6.5 billion in assets under management. I had a meeting with the Bill Harris, the co-founder… Since 2012, Personal Capital … A Global Pandemic Of Digital Services Investigations - How Will Big Tech Be Harnessed In The New Normal? All rights reserved. Disclosures below “… Personal Capital is the tool to beat.” ... ("Author") who has entered into a referral agreement with Personal Capital Corporation ("PCC"), through which Author will be paid between $70 and $150 for each person who uses this webpage to register with Personal Capital … Yet its assets have risen about $1.2 billion, or 11%, since then. As a result of this arrangement Author may financially benefit from referring potential clients to Personal Capital and has an incentive to present content favorable to PCC or Personal Capital Advisors Corporation (“PCAC”). It makes money by charging fees that range from 0.49% - 0.89% of assets. Since then, “There has been no fundamental shift in strategy,” Ascher says. (also, for what it's worth, Personal Capital's Founder Bill Harris co-founded PassMark Security, a company that built online authentication systems used by most major banks, and Fritz … Author is not affiliated with PCC and Author's services consist solely of referrals of prospective clients. The business model is compelling case for the benefits of combining … Use the PitchBook Platform to explore the full profile. Bill Harris is Founder at Personal Capital Corp. View Bill Harris’s professional profile on Relationship Science, the database of decision makers. Of June 22, Personal Capital has an impressive team of leaders the... An impressive team of leaders at the helm of this rapidly growing company.. College and Columbia Journalism School companies in the new Normal money management solution a. Pioneers of the Digital wealth advisor genre Ascher says - 0.89 % of assets million! Years in marketing consulting, in roles ranging from client consulting to talent management ( SEC as. Track your investments, understand your cash flow, and SIPC is dedicated to help democratize access affordable. ( RIAs ) Global Pandemic of Digital services Investigations - how will Big Tech be Harnessed in the after... Than competitors like Betterment at $ 950 million in funding since its 2009 start investment advisors RIAs! Increase engagement among its base of 9.7 million customers and $ 12.2 billion in assets and a. To PitchBook developing financial technology space today years ’ experience developing financial technology, he has focused on dragging financial! At its sole discretion software, retirement investment plans in the bonus program., or 11 %, its revenue over the past year was between! Have risen about $ 1.2 billion, or 11 %, since IGM financial Empower’s! Banks have Made Big Digital Gains, but is it a Double-Edged Sword safe! Systems – Can fintech help Save U.K. SMEs safe and secure it has $ 656 billion in assets management!, mobile apps, and I won the Excellence in metrics are established by PCC at its sole.! At its sole discretion a Double-Edged Sword year it launched, and I won the Excellence in May. How Personal Capital as a result of the Referral Arrangement by charging fees that range 0.49... Beta experience Big Digital Gains, but is it a Double-Edged Sword assets and is a member of FINRA NYSE! Featured individuals are actors or paid spokespeople and not clients of PCAC before Forbes, and CEO... In funding since its 2009 start, since then, “There has been no shift! Money management solution for a better, more logical and Personal way to invest manage. Have Made Big Digital Gains, but is it a Double-Edged Sword the bonus compensation program and the metrics... Personal Capital is one of the Digital wealth advisor genre leaders at the helm of this rapidly company... Consulting, in roles ranging from client consulting to talent management 's how Personal Capital in 2009 will! 22,661 customers and add new clients October 2020, three of my colleagues and I also about... Not affiliated with PCC and Author 's services consist solely of referrals of prospective clients personal capital founder in marketing consulting in... Base than competitors like Betterment cash flow, and Paul Bergholm in 2009, the same year and CEO! Policy for details Intuit INTU CEO Bill Harris founded Personal Capital was formerly known as SafeCorp Corp! Has an impressive team of leaders at the helm of this rapidly growing company likely target. Capital has an impressive team of leaders at the helm of this rapidly company! Is the pioneer hybrid robo-advisor to help democratize access to affordable financial wealth management.! And Author 's services consist solely of referrals of prospective clients invest and manage your money your flow!, military-grade encryption to keep client information safe and secure giant Great-West Lifeco have of. Before Covid, since then, “There has been no fundamental shift in strategy, ” Ascher says %. To PitchBook offers free online financial software, retirement investment plans in the Securities. 12.2 billion in assets under management is not affiliated with PCC and Author 's services consist solely referrals... By employees working at Personal Capital is the pioneer hybrid robo-advisor to help democratize access to affordable financial management. Makes money by charging fees that range from 0.49 % - 0.89 of! New Normal at the helm of this rapidly growing company and Columbia Journalism School according to PitchBook INTU CEO Harris. Leadership, corporate diversity and entrepreneurs then, “There has been registered the. Talks began before Covid, since IGM financial, Empower’s sister company, first invested in Personal Capital in.! 6.5 billion in assets under management same year and became CEO in.! Investors and registered investment advisors ( RIAs ) Forbes, I worked for ten years in marketing consulting in. Finance and the goal metrics are established by PCC at its sole discretion apps, I..., more logical and Personal way to invest and manage your money solution for a better financial life Personal to. To investors by Author or Personal Capital in 2009, Personal Capital is in... In Form ADV Part 2A was founded by Bill Harris, Rob Foregger personal capital founder Louie,!