• Personal Capital News

Personal Capital Closes Out 2016 with $3.4 Billion in AUM and $100 Million in Financing

December 15, 2016 | Bill Harris

The year may be coming to a close, but here at Personal Capital, we’re still charging forward at full speed. It’s an exciting day for us as we announce the close of a $75 million Series E round by IGM Financial, Inc., and $25 million in credit by Silicon Valley Bank, bringing our total in financing this year to $100 million.

You may recall that we announced an initial $50 investment by IGM Financial in May. A final $25 million tranche was contingent upon us hitting an aggressive growth milestone by mid year 2017, which we achieved this month with even more growth to come in the New Year.

But that’s not all we’re excited about.

A Year of Growth

In the last 12 months, we have added $1.5 billion in assets under management (AUM), bringing our total AUM to over $3.4 billion. That’s 80% growth in less than a year. We have also added hundreds of thousands of new registered users who rely on our tools to easily view all of their financial accounts in one place and track, manage and grow their net worth. And with additional financing this year, we’ve been able to accelerate company growth, hire new staff across our San Carlos, San Francisco and Denver offices, and increase our marketing efforts.

What does this mean for our 1.3 million registered users who use our free dashboard and financial tools to help them live better financial lives? It means we can continue to scale faster to meet the quickly growing demand for our products and services, helping more families reach their long-term financial goals.

[Try Personal Capital’s Retirement Planner to Forecast Long-Term Financial Goals]

Personal Capital in 2017

We thank each of our customers for the tremendous support this year. And with 2017 just around the corner, let us remind you that there is no better time to put a new financial plan in place. Check out our award-winning tools or make an appointment for a free consultation with one of our financial advisors today to get your finances ready for the New Year.

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