Personal Capital Welcomes Paul Desmarais III to Board of Directors

We’re kicking off the new year with some exciting news. Today we welcome Paul Desmarais of Power Financial Corporation to Personal Capital’s Board of Directors. Paul is intimately familiar with Personal Capital as he helped lead Power Financial’s $75 million investment in our Series E financing last year.

Paul currently serves as Vice President of Power Financial Corporation, where he spearheads the company’s digital transformation strategies. He has also worked with a number of early-stage fintech companies and serves as Chairman of Wealthsimple, a fast-growing Canadian investment firm. Paul joins his colleague Jeff Carney as the second member of the Power Financial family to join Personal Capital’s board. Paul comments that he is excited to invest in the digital future of wealth management with Personal Capital.

I speak for the entire Personal Capital team in saying that we are delighted to welcome Paul to our Board of Directors. He brings a deep understanding of our market from his long history working with fintech companies, and he will be a terrific board member as we accelerate our hyper-growth in 2017.

The new addition to our Board of Directors follows a year of rapid growth here at Personal Capital. In 2016, we added $1.6 billion in assets under management. Today, we manage over $3.5 billion in assets. We look forward to leveraging Paul’s experience and industry knowledge on our Board of Directors to continue accelerating our growth this year, as we provide a unique hybrid of technology and professional advisors to help Americans reach their long-term financial goals.

To learn more, check out our news here.


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.

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