Personal Capital’s Explosive Growth

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Marks the Emergence of Digital Wealth Management

Personal Capital, the nation’s only digital wealth manager, is registering hyper-growth in assets under management, with sequential growth rates in excess of 10% month-over-month.

“We zipped past the $350 million mark,” said CEO Bill Harris. “At this rate, we’ll have over one billion in assets before the end of the year. People hunger for a way to manage their money the same way they now manage so much of their lives – digitally.”

Personal Capital differs from traditional wealth managers in two ways:

  •     Digital Apps. Award-winning apps for Web, iPad, iPhone and Android make keeping track of your entire financial life easy and instant. A comprehensive dashboard automatically gathers data from all your accounts of all types at all financial institutions – and charts it in a way that makes sense.
  •     Digital Advice. Personal Capital’s advisors work one-on-one with clients to build individualized financial strategies. And they deliver this advice at the convenience of the client – through the apps, over the phone, by video conference, and through co-browsing where both client and advisor can view visualizations of the client’s data while discussing its meaning.

Charles Goldman, former leader of Charles Schwab and Fidelity’s Advisor Service business and current CEO of AssetMark and board member of Personal Capital, remarked that “the technology and client experience at Personal Capital is revolutionizing investment management.”

Personal Capital’s remarkable growth attests to the rapid shift in consumer preference from traditional local branches to personalized electronic channels with a human touch. The firm’s asset base is growing faster than all but one of the traditional financial advisors covered in RIADatabase’s 2013 industry review.

“But while embracing technology, Personal Capital is not a robo-advisor like Betterment or Wealthfront,” said Harris. “These firms – while excellent services – provide technology only. We offer high tech and high touch, with a staff of over forty professional advisors who tailor a strategic plan for each individual household.”


Developed by a team of high-tech and finance veterans led by Bill Harris, former CEO of Intuit and PayPal, Personal Capital offers the nation’s first digital wealth management service. It combines free tools that gather and analyze all your financial data, with a financial advisor to help manage and grow your investments. Personal Capital’s award-winning service is available at or 855-855-8005, and its mobile and tablet apps are available at the Apple App Store and the Google Play Store.

Disclaimer: Personal Capital Advisors is an SEC registered investment advisor. Any reference to the advisory services refers to Personal Capital Advisors. Personal Capital’s wealth management is conducted through Personal Capital Advisors. This press release may certain forward-looking statements. These forward-looking statements are not guarantees of future performance, condition or results and involve a number of risks and uncertainties. Past performance is not a guarantee of future return, nor is it necessarily indicative of future performance. Keep in mind investing involves risk. The value of your investment will fluctuate over time and you may gain or lose money.

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Serena Bartolucci

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