Another Milestone for Personal Capital

in Personal Capital News by

Today we’re thrilled to announce that we now have $5 billion in assets under management (AUM) for our valued clients. We’ve never been in a better position to fulfill our mission to improve more financial lives through technology and people — whether it’s our great team, our growth capital or our clarity of vision. This $5 billion mark is a great symbol of our ongoing success.

Our unique combination of technology and people continues to be embraced at a breakneck pace. Investors are increasingly coming to us as they realize their financial life is too complex to manage on their own, or they are missing opportunities to improve their investment strategy because they lack a holistic approach when their finances are managed by someone else. Our tools offer consumers a view of their entire financial life, which helps them understand the importance of diversification and avoiding costly, often hidden, fees.

A Reflection on the Past Year

In the past year alone, we have gained $2 billion in AUM. Our growth in the last year only reaffirms that we are truly solving a major pain point for consumers by offering sustainable, objective financial advice and full financial transparency through our mobile app and online dashboard. Not only is our AUM on a rapid growth trajectory, but so is our average initial account size. The average initial investment amount for new clients has grown 37%, from $289,000 to $395,000. Our Private Client Service, which works with investors with $1 million or more in investable assets, now comprises about 39% percent of our AUM.

The Journey Ahead

So what’s next for us? As Personal Capital grows, we continue to create ways to help people meet their financial goals, including new tools and updates to our Retirement Planner and Budgeting tool.

Also, with the extension of our Series E funding, we plan to invest in expanding our advisory force in multiple markets including Dallas, Atlanta, New York, greater Los Angeles and Chicago, while also expanding our offices in San Francisco and Denver.

A Note to Our Customers

With this milestone, we want to thank each of our clients for the tremendous ongoing support. We can’t wait to see what happens next as we continue to help create better financial lives through technology and people.

Check out our award-winning personal finance tools or make an appointment for a free consultation with one of our financial advisors today.

Read the full press release here

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Jay Shah

Jay Shah

Jay is CEO of Personal Capital. He has over 20 years of leadership experience at privately-held and public financial services and technology organizations, over half that time spent building & running consumer-direct FinTech companies like Personal Capital and E-LOAN.


    • Jamie Balkin

      Hi Tim, thanks for the feedback. We are working through this currently. In the interim, you can add Coinbase accounts as an offline account (select ‘Add Portfolio’ under the different logos) to include it in your Net Worth calculations. Stay tuned for any additional updates regarding the ability to track digital currencies!

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  2. Ron Gawronski

    I understood this software was free. Today I received a charge of $79.00 that I will not pay because the advertisement said it was free. I have contacted my credit card Co and notified them of my complaint regarding this charge.

    • Jamie Balkin

      Hi Ron,

      We provide two services: free financial tools and then paid wealth management services. Please confirm which option you are using. Also, check to make sure this fee is not coming from any of your other bank institutions. For all questions, reach out to [email protected]. Thanks!


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