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Personal Capital Crosses $2 Billion In Assets Under Management

What is the first thought that comes to mind when you think about the word “retirement”? If you’re like 51% of US adults – you feel overwhelmed when you think about the amount of money that you need to save. And if you’re like 86% of American adults planning for retirement, you probably aren’t sure how much money you need to save in the first place.

In a world where pensions are a thing of the past and the onus of securing a sound retirement falls on the individual, these are grim statistics.

But it doesn’t have to be this way – and that’s why I started my company, Personal Capital. Helping American families live better financial lives is at the core of what we do. As I reflect on this mission, it makes me all the more excited to announce that today we’ve hit another monumental milestone.

Today we announce that Personal Capital now manages $2 billion in assets, meaning our advisors are providing even more Americans with honest, sound financial advice that will help them maneuver all of life’s financial ups and downs.

Why does $2 billion in assets under management mean so much to me? I’ll tell you.

1. People can live better financial lives.

Long-term Personal Capital app users save 15.7% more after they start using our app. That’s pretty great for a free financial app, if you ask me! And that’s just our free tools. When you become a Personal Capital client, you’ll have licensed financial advisors on your side to create a cost and tax-efficient investment strategy, reveal hidden fees eating away at your investments, and make sure that you aren’t investing too much in a few large companies in the hottest sectors, putting your portfolio at risk. And when the emotions of investing take hold, we’re here to help you stay the course instead of making a rash decision that could sacrifice your financial future.

2. Americans aren’t sure where to turn for financial advice.

It’s no secret that a retirement crisis is about to catch up to millions of people in America. With that in mind, we conducted a Harris poll to better understand how consumers are planning for their golden years as the retirement landscape changes. One thing we found is that few people seek professional advice. Almost one-third of Americans rely on a family member as their top source of financial advice. So today, I urge you to take a serious look at your family’s financial future, and ask yourself if you could do better. Then consider speaking with one of our licensed financial advisors. It’s our job to always act in your best interest, a responsibility we take very seriously at Personal Capital.

3. You don’t have to be alone as you make your way through a complex financial life.

We can’t all be professional financial advisors. And when you aren’t a professional, feats like funding your child’s education costs, or worrying if you’ll have enough money for retirement can feel overwhelming. The fact of the matter is that most adults don’t know how much money they need to save for retirement, and what steps they need to take in order to get there. You deserve more than a one-size-fits all retirement plan, and we want to help you create one.

It is my dream that more American families have access to sound financial life, and I’m proud that our clients put their trust in us. Today, I join everyone at Personal Capital in thanking you for being part of our mission as we manage $2 billion of your hard-earned savings.

Today I invite you to take one of our advisors up on a free financial consultation if you want to learn more about our services. And if you haven’t checked out our free financial tools yet, sign up and give them a try here.

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1 Comment

  1. Financial Samurai

    Congrats Bill and team for reaching a fantastic milestone! Maybe there be many more billions in the future.