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 industry leaders with rich backgrounds in nurturing fast-growing firms like Personal Capital. And with his history championing consumers’ financial rights, Luis will be a great partner for us as we fight for a higher standard of transparency in wealth management and financial advice.
Luis was appointed to be an SEC Commissioner by President George W. Bush in 2008. He was reappointed by President Barack Obama in 2011 and served in that capacity until December 2015 when his term expired. Luis is the eighth longest standing Commissioner in SEC history and one of only three Commissioners to have been nominated by two U.S. Presidents from two different political parties.
Luis is a major advocate for consumer and minority rights with honors for his leadership of Hispanic and African American rights, including his sponsorship of the SEC’s Hispanic Employment Committee and African American Counsel. Luis currently also serves on the boards of Envestnet, an investment technology leader, Donnelley Financial Solutions, a financial communications and data services company, and MiMedx, a biopharmaceutical company.
When I asked Luis about his interest in joining our Board of Advisors, he accepted and commented, “It is critical for consumers to have organizations like Personal Capital fighting for change in the financial industry and ensuring easy, transparent access to financial accounts and investment advice. I’m very excited to join the Board of Advisors and work with Personal Capital to continue the critical fight of empowering individuals to take control of their financial futures. I have long admired the firm’s focus on what is right for consumers and not just the bottom line, where so many others seem to be focused.”
Welcome to the Board of Advisors, Luis!