Today we’re excited to announce the addition of former commissioner of the Securities and Exchange Commission and advocate for investors small and large Luis A. Aguilar to Personal Capital’s Board of Advisors. We’re thrilled to add Luis to our board of...
I’m very pleased to tell you that Jay Shah has been promoted to CEO of our company. It’s a great move for our firm and will yield solid benefits for our customers. First, let me tell you about Jay. He was most recently our chief operating officer, where he...
You know how vital it is to have easy access to your financial data in order to run your financial life. So important, that Section 1033 of the Dodd-Frank Wall Street Reform and Consumer Protection Act requires banks and brokers to provide their customers...
Two days ago, there was a shootout at the OK Corral. Except this one didn’t involve gunslingers; it involved big bank lobbyists and the U.S. District Court for the Northern District of Texas. Chief U.S. District Judge Barbara Lynn issued a “stinging...
This weekend, Personal Capital conducted a survey of some of its users regarding the potential repeal of the Department of Labor’s Fiduciary Rule and Section 1033 of Dodd-Frank. The Fiduciary Rule eliminates conflicts of interest in retirement accounts and...
As a former CEO of Intuit, I call J.P. Morgan and Intuit to task for their lack of support for Section 1033 of the Dodd Frank legislation to protect American’s right to access their own financial data. Members of the administration in Washington announced...
The White House National Economic Council Director (and former number two at Goldman Sachs, whose stock price went up 5% on the day he made his announcements) Gary Cohn said this about the Fiduciary Rule in an interview with the Wall Street Journal: “We...
Last week, the SEC announced that Morgan Stanley agreed to pay $13 million as a penalty for overbilling 149,000 of its clients. They weren’t the only ones to be penalized last week: The Attorney General of the State of New York also announced that Citigroup...
The Securities and Exchange Commission (SEC) announced yesterday that for the first time it is adding “electronic investment advice” – i.e. advice offered through robo-advisors – to its annual list of examination priorities. At Personal Capital,...
We’re kicking off the new year with some exciting news. Today we welcome Paul Desmarais of Power Financial Corporation to Personal Capital’s Board of Directors. Paul is intimately familiar with Personal Capital as he helped lead Power Financial’s $75 million...
