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).