But what appears to distinguish Personal Capital from different financial advisory companies is its underlying expertise. Harris compares his company to a duck, which seems calm on the surface but is fiendishly paddling underneath the water. Personal Capital claims to be the world’s first digital wealth management service, and it’s bolstering these claims with the closure of a $25 million funding round. The funding shall be used to rent new talent and grow the Silicon Valley-based mostly firm; CEO Bill Harris expects the company to be profitable by early 2015, and he’s planning to take it public. According to Bill Harris, co-founder and CEO of Personal Capital, wealth management in the 21st century must be extra dynamic than somebody sitting behind a desk doling out funding recommendation. Kyle Ryan wishes the industry would cease referring to Personal Capital as a robo-adviser. “It bothers me as a result of we’re not,” mentioned Mr. Ryan, executive vice chairman of the San Francisco-primarily based firm that offers an online funding advisory platform.
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Michelle Brownstein shares what Millennials are missing out on after they hold an excessive amount of money on hand. Personal Capital essentially adjustments the way shoppers use technology to reside better financial lives. The company also lately surpassed $850B in belongings tracked on the platform with over 50 p.c progress in AUM prior to now year. Combination advances a scalable, know-how-pushed financial planning platform that mixes data-driven options with human recommendation to tens of millions of consumers. The latest member of Personal Capital’s Financial Heroes marketing campaign, Dr. Deepak Chopra, and the company will jointly promote the significance of financial wellness ahead of the new 12 months.
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“From the beginning we have also … Read More