Personal Capital is a digital wealth management company that offers free online tools to aggregate users’ accounts and provide financial clarity alongside advisory services. Led by CEO Jay Shah, the company has launched products such as Smart Withdrawal™, a personalized, tax-efficient retirement withdrawal planner. It recently announced a partnership with Alight Solutions and AllianceBernstein to create WealthSpark™, delivering personalized financial insights to American workers. Personal Capital reports more than $8.5 billion in assets under management and two million registered users, tracking over $650 billion in aggregated account value. The company said it will use the new funding to drive growth, enhance its technology platform, and invest in value-added partnerships. Personal Capital is based in Redwood City, California, and also has hubs in San Francisco, Denver, Dallas, and Atlanta. Personal Capital combines online financial tools with registered financial advisor expertise to help users understand, manage and grow their net worth. Led by CEO Jay Shah, the company offers advisory services alongside its digital platform and has developed a Private Client Service for investors with more than $1 million in investable assets. Those private clients comprise about 40 percent of the company's $4.9 billion in assets under management. The company intends to use new funding to expand product development and marketing and to scale its advisory force across multiple markets including Dallas, Atlanta, New York, greater Los Angeles and Chicago. Personal Capital also plans to expand its offices in San Francisco and Denver. Personal Capital provides award-winning online financial tools and a suite of fee-based wealth‑advisory services that combine digital dashboards with access to accredited financial advisors. Its paid offerings include personalized portfolios, tax‑loss harvesting, diversified asset allocation, systematic rebalancing and advisory support for retirement, college savings, estate planning, home purchases and 401(k) contributions. The company offers its dashboard and tools free to US users while converting a subset into advisory clients. Personal Capital reported more than 1.3 million registered users of its free tools and grew assets under management from about $1.9 billion to over $3.4 billion (an increase of $1.5 billion, or 80%, in under 12 months). Management said the additional capital has been used to expand marketing, hiring and product offerings and to accelerate growth in the number of households served. The company is based in the United States. Personal Capital is an online wealth management platform that combines dedicated financial advisors with client‑facing financial technology. It pairs award‑winning online tools that provide financial transparency with personalized advice from accredited financial advisers. The company is reported to be growing rapidly in the mass‑affluent and high‑net‑worth market segments. Founder and CEO Bill Harris brings more than 25 years of experience in financial technology, including leadership roles at Intuit and PayPal. The article states Personal Capital will benefit from a strategic relationship with IGM Financial, leveraging IGM’s financial‑advice and asset‑management expertise to support its growth. The article does not disclose revenue or user metrics. Personal Capital offers an electronically enabled financial management tool that aggregates users' cash, debts, investments and other holdings to show a full picture of financial health. The core product is free-to-use software, while advisory and investment management services are paid. The company combines technology with human advisors and recently launched a private client service for families with over $1 million in invested assets. Over 600,000 families use Personal Capital’s software and services to track about $100 billion in holdings, though the subset using the firm to manage assets is much smaller. The private client service now accounts for over a quarter of the company’s business. Management says capital from the new round will be used to roll out additional products and services such as mortgages and other financial tools.

Total raised

$265M

Funding rounds

7

Latest round

Series F

Latest activity

Feb 2019