Personal Capital Hits $500 Million

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Managed Assets Grow 400% in Twelve Months

Personal Capital announced it is now managing in excess of $500 million of investment assets for its clients – a striking growth rate of 400% over the past year. Personal Capital is a new type of financial advisor, pioneering digital wealth management. “Our clients want financial advice that is both digital and personal. Digital via our web and mobile apps. Personal via our financial advisors,” said CEO Bill Harris.

Personal Capital investment clients are mostly affluent working households, progressing in their careers and building wealth. Some are graduating from do-it-yourself investing as their lives become busier and their finances more complex, while others are abandoning old-style brokers who sell products rather than offering conflict-free advice.

Personal Capital Investment Client Profile

  •     Affluence: Net worth is concentrated between $500,000 and $2,000,000.    
  •     Average age: 45 years old.
  •     Age range: Range from 20’s to 80’s. Most clients are 30-50, with a strong secondary base between 50-65.
  •     Wealth by age: Clients between ages 40-50 are twice as wealthy as those 30-40. Clients between 50-65 are 25% wealthier than those 40-50.
  •     Source of Assets: Over half of the assets came from these brokerages: Fidelity, Schwab, E*Trade, TD Ameritrade, Merrill Lynch, Wells Fargo, Morgan Stanley and Edward Jones.

Personal Capital helps people live better financial lives by providing technology-enabled advisory services as well as free financial software and educational content. Their award-winning apps enable you to effortlessly view your entire financial life in one place.            

Hundreds of thousands are taking the first step towards digital wealth management via its free web, iPhone, iPad and Android apps. Visit today to illuminate your path to a modern, conflict-free world of investing.

Disclaimer: Personal Capital Advisors is an SEC registered investment advisor. Any reference to the advisory services refers to Personal Capital Advisors. SEC Registration does not imply a certain level of skill or training. 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. The Personal Capital Client Profile was determined by an analysis of Personal Capital’s current investment client database.

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Serena Bartolucci

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