Technology-Assisted Financial Advisor Personal Capital Disrupts Wall Street

Bill Harris, our CEO, was featured on CNBC to discuss the rise of technology-assisted financial advisory firms such as Personal Capital. Unlike “robo-advisors,” who only use algorithms to manage their clients money, Personal Capital uses human financial advisors plus technology to service our customers better.

Personal Capital is a Registered Investment Advisor who has a fiduciary duty to do what’s best for our clients, unlike brokerage firms who only have a “suitability standard.” Want to invest your entire portfolio in one stock? An RIA won’t let you for your own good, but a broker could.

Have a watch as Bill explains the current market potential for Personal Capital to disrupt the traditional wealth management industry. What was originally supposed to be a debate with Josh Brown, a CNBC regular contributor, and self-proclaimed “reformed broker” turned into a harmonious discussion on opportunity. (To view on mobile, see the original footage on CNBC).

Join The Disruption


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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