Good afternoon, loyal blog readers! We are starting a monthly blog post that will focus on Personal Capital news stories that you may have missed. This month, we are featuring a piece by Telis Demos of the Wall Street Journal. He writes on the ever-growing online advisory space. Be sure to read his piece here.
Wall Street Journal: Investors Snap Up Online Financial Advisers
The Wall Street Journal reports that the new passion in Silicon Valley is the financial advisory space. Personal Capital’s latest round of funding was in October when we raised $50 million.
In this article, our CEO Bill Harris notes that our clients, “…are often people switching from traditional advisers.” And that “We’re surfing the tidal wave…” of this booming space.
Personal Capital helps over 2,000 clients manage more than $1 billion in assets.
Read the full article here.
Other Personal Capital Articles You May Have Missed:
Wall Street Journal: Is a Roboadviser Right for You?
Daily Worth: Can These Robots Make You Rich?
To our readers: What are your thoughts on the future of digital wealth management?
The content contained in this blog post is intended for general informational purposes only and is not meant to constitute legal, tax, accounting or investment advice. You should consult a qualified legal or tax professional regarding your specific situation. Keep in mind that investing involves risk. The value of your investment will fluctuate over time and you may gain or lose money.
Any reference to the advisory services refers to Personal Capital Advisors Corporation, a subsidiary of Personal Capital. Personal Capital Advisors Corporation is an investment adviser registered with the Securities and Exchange Commission (SEC). Registration does not imply a certain level of skill or training nor does it imply endorsement by the SEC.