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Executive Team

  • Jay Shah

    Jay Shah

    President

    Jay Shah, as founding executive member and current President of Personal Capital, shaped the pioneering digital wealth management company into what it is today. Prior to its business combination with Empower, he progressed from Chief Information Officer to COO and then CEO. With more than 20 years of executive experience scaling businesses with technology and data, he has grown Personal Capital from a Silicon Valley startup to a tech-enabled advisory business managing over $17 billion in assets.

    Prior to joining Personal Capital, Jay served as CIO of E-LOAN, Inc., a multibillion-dollar consumer lending platform. He facilitated the company’s acquisition by Banco Popular and led the build-out of the consumer-direct banking platform. Earlier in his career, he served as CTO and CIO at Myers Internet, a B2B SaaS enterprise platform for mortgage and real estate companies, and as Director of Technology, National Risk Management Services at PwC, where he created a strategic software practice for the firm’s emerging consulting businesses.

    Jay is member of the board of directors at One, and recently served as Chair of the Technical Advisory Board at Ellie Mae prior to its acquisition.

  • Allison Amadia

    Allison Amadia

    General Counsel, Chief Compliance Officer, and Head of Human Resources

    Allison Amadia is Personal Capital's General Counsel, Chief Compliance Officer, and Head of Human Resources, directing the company’s legal, compliance, and HR functions. She also serves as executive co-chair for Personal Capital's Diversity, Equity, and Inclusion Committee.

    Previously, Allison served as General Counsel and Chief Compliance Officer at Extreme Networks, where she managed the legal and compliance functions including driving the successful acquisition and integration of a peer-size company. Prior to that, she served as General Counsel and Chief Compliance Officer at Handle Financial Inc., a privately held payment processor and mobile bill pay provider. She also successfully founded and managed a consulting firm for over a decade providing strategic advice and counsel to public and private technology companies.

    Allison serves as Vice Chair of the Dean’s Advisory Council for the College of Letters and Science, UC Davis.

  • Craig Birk, CFP®

    Craig Birk, CFP®

    Chief Investment Officer

    Craig leads the Personal Capital Advisors Investment Committee, focused on translating improvements in technology into better financial lives. He has been widely quoted in the financial media. Prior to Personal Capital Advisors, he held a senior portfolio management position at Fisher Investments.

  • James Burton

    James Burton

    Chief Growth Officer

    James Burton joined Personal Capital in 2019 as Chief Growth Officer.

    Previously, James was Executive Vice President and Chief Marketing Officer at Fidelity Investments. In this role, he was responsible for the company’s retail customer acquisition, customer strategy, and personal retirement account business, along with advertising programs, thought leadership, and communications. Prior to this, James served as President of Fidelity Brokerage Services LLC and led the company’s retail brokerage and cash management services. Before his decade-long tenure at Fidelity, James spent eight years with Charles Schwab developing investment research and fee-based product capabilities as Senior Vice President of Advised Investing Products.

  • Jim Del Favero

    Jim Del Favero

    Chief Product Officer

    Jim started his career at Intuit, rapidly climbing the ranks in tech support and running Voice of the Customer. He later led Quicken and Quicken Online as Group Product Manager.

  • Porter Gale

    Porter Gale

    Chief Marketing Officer

    Porter is an entrepreneurial executive with more than 25 years of experience in marketing, advertising, and building businesses. Most recently, Porter was Marketing General Manager and interim CMO at AI-driven enterprise technology company, Globality, a company she helped build and grow. Prior to Globality, Porter served as VP of Marketing for Virgin America reporting directly to the CEO, where she worked as part of the executive team that built the direction of the airline and defined and implemented the brand and customer experience the airline is known for. In addition to setting marketing strategy and overseeing all advertising, media, and creative development in her time there, she also managed the Brand & Digital, Loyalty, and In-flight Content teams.

    Porter is a marketing powerhouse who has been recognized across the industry as a marketing leader by organizations such as The Advertising Women of New York and publications such as AdAge and iMedia. She has also advised more than 20 businesses across consumer, fintech, mobile gaming, and adtech industries, eight of which she saw through successful exits.

  • Mark Goines

    Mark Goines

    Advisor

    Mark has over 35 years of experience in Financial Services and Technology from Wells Fargo, Charles Schwab, Intuit (TurboTax and Quicken) as well as significant startup success including Mint.com and PassMark Security. Innovation and rapid growth are Mark’s passions.

  • Fritz Robbins

    Fritz Robbins

    Chief Technology & Information Officer

    Fritz has built and delivered high-volume, secure, financial systems to millions of customers during his 20+ years in fintech. Since starting with Personal Capital on the ground floor in 2010, he has defined the platforms and led the technology teams that power our award-winning financial tools and wealth management services.

  • Kyle Ryan, CFP®

    Kyle Ryan, CFP®

    EVP of Advisory Services

    Kyle is responsible for Personal Capital’s Advisory Services. He was named to the 2014 InvestmentNews 40 under 40 list for his contributions to the financial advisory industry. He has previously held senior positions at Merrill Lynch and Fisher Investments.

  • Dan Stampf, CFP®

    Dan Stampf, CFP®

    Vice President of Personal Capital Cash

    Dan has 25 years of experience in high net worth client service and business operations. He has held a variety of leadership roles at Personal Capital and Fisher Investments including Client Service and Operations, Sales Operations, Corporate Finance, Marketing, and Voice of the Customer.

Board of Directors

  • Ed Murphy

    Ed Murphy

    President and Chief Executive Officer, Empower Retirement

    Edmund F. Murphy III is President and Chief Executive Officer of Empower Retirement. He provides leadership and strategic direction for the company’s operating units: Empower Retirement, Personal Capital, and Great-West Investments™.

    He brings 30 years of broad leadership experience to his role. He was appointed as the inaugural president of Empower Retirement upon its formation in 2014 and has led the organization through a period of strong and sustained growth, positioning the firm as the go-to provider of financial services for more than 12 million Americans. Under his leadership, Empower serves working Americans across all sectors of the U.S. economy. Empower has completed several strategic acquisitions, including the retirement businesses of J.P. Morgan, MassMutual, Truist Bank, and Fifth Third Bank. In 2020, Empower acquired Personal Capital, a registered investment advisor and wealth manager.

    He also serves as a board member of Great-West Life & Annuity Insurance Company and as a strategic advisor to Diagram Ventures.

  • Allison Amadia

    Allison Amadia

    General Counsel, Chief Compliance Officer, and Head of Human Resources, Personal Capital

    Allison Amadia is Personal Capital's General Counsel, Chief Compliance Officer, and Head of Human Resources, directing the company’s legal, compliance, and HR functions. She also serves as executive co-chair for Personal Capital's Diversity, Equity, and Inclusion Committee.

    Previously, Allison served as General Counsel and Chief Compliance Officer at Extreme Networks, where she managed the legal and compliance functions including driving the successful acquisition and integration of a peer-size company. Prior to that, she served as General Counsel and Chief Compliance Officer at Handle Financial Inc., a privately held payment processor and mobile bill pay provider. She also successfully founded and managed a consulting firm for over a decade providing strategic advice and counsel to public and private technology companies.

    Allison serves as Vice Chair of the Dean’s Advisory Council for the College of Letters and Science, UC Davis.

  • James Burton

    James Burton

    Chief Growth Officer, Personal Capital

    James Burton joined Personal Capital in 2019 as Chief Growth Officer.

    Previously, James was Executive Vice President and Chief Marketing Officer at Fidelity Investments. In this role, he was responsible for the company’s retail customer acquisition, customer strategy, and personal retirement account business, along with advertising programs, thought leadership, and communications. Prior to this, James served as President of Fidelity Brokerage Services LLC and led the company’s retail brokerage and cash management services. Before his decade-long tenure at Fidelity, James spent eight years with Charles Schwab developing investment research and fee-based product capabilities as Senior Vice President of Advised Investing Products.

  • Christine Moritz

    Christine Moritz

    Senior Vice President, Chief Financial Officer, Empower Retirement

    Christine Moritz is Senior Vice President and Chief Financial Officer for Empower Retirement. She leads Empower’s financial teams and provides financial and strategic support for the organization.

    Christine joined the organization in 2003 and has held various roles within the finance department. She has also served as an Auditor for PricewaterhouseCoopers.

    Christine is a Colorado-certified public accountant and a board member of Community Shares of Colorado.

  • Suzanne Sanchez

    Suzanne Sanchez

    Chief Human Resources Officer, Empower Retirement

    Suzanne Sanchez is the Chief Human Resources Officer for Empower Retirement. She is responsible for all human resources functions and leads the company’s efforts to attract, engage, and retain top talent in support of the company’s long-term strategic roadmap. This includes providing attractive benefits, competitive compensation, and leading-edge training. She is a member of the executive team and sits on the company’s Diversity and Inclusion Council as a founding member.

    Suzanne joined the organization in 2005 and has also served as Assistant Vice President of Talent Management and Corporate Social Responsibility. She spent her earliest years at the firm in talent acquisition roles.

    She sits on the board of Child Advocates-Denver CASA.

  • Jay Shah

    Jay Shah

    President, Personal Capital

    Jay Shah, as founding executive member and current President of Personal Capital, shaped the pioneering digital wealth management company into what it is today. Prior to its business combination with Empower, he progressed from Chief Information Officer to COO and then CEO. With more than 20 years of executive experience scaling businesses with technology and data, he has grown Personal Capital from a Silicon Valley startup to a tech-enabled advisory business managing over $17 billion in assets.

    Prior to joining Personal Capital, Jay served as CIO of E-LOAN, Inc., a multibillion-dollar consumer lending platform. He facilitated the company’s acquisition by Banco Popular and led the build-out of the consumer-direct banking platform. Earlier in his career, he served as CTO and CIO at Myers Internet, a B2B SaaS enterprise platform for mortgage and real estate companies, and as Director of Technology, National Risk Management Services at PwC, where he created a strategic software practice for the firm’s emerging consulting businesses.

    Jay is member of the board of directors at One, and recently served as Chair of the Technical Advisory Board at Ellie Mae prior to its acquisition.

  • Carol Waddell

    Carol Waddell

    Executive Vice President, Empower Retirement Solutions Group

    Carol Waddell is Executive Vice President and Head of the Retirement Solutions Group for Empower Retirement. She oversees the teams that deliver guidance, advice, managed accounts, financial wellness and planning across all corporate and government defined contribution segments. She also leads the consumer IRA, taxable and Empower Brokerage businesses.

    Previously, Carol served as Head of Product and Marketing for J.P. Morgan Retirement Plan Services. At J.P. Morgan, she led product management and development, which included products, services, tools, and websites for advisors, plan sponsors, and participants. She also oversaw the firm’s marketing strategy and communications, segment management, and award-winning participant experience. In her varied leadership roles at T. Rowe Price, Carol contributed significantly to the firm’s overall retirement income and target date product strategies. She also served at Citibank in a variety of positions focused on marketing and customer experience.

Key Contributors

  • Harry Markowitz, PhD

    Harry Markowitz, PhD

    Portfolio Strategy Expert

    Harry Markowitz is an economist, and a recipient of the 1989 John von Neumann Theory Prize and the 1990 Nobel Memorial Prize in Economic Sciences. He is known as the "Father of Modern Portfolio Theory" for his pioneering work in portfolio construction. Markowitz received a Ph.D. from the University of Chicago and is currently a professor of finance at the Rady School of Management at the University of California, San Diego. Markowitz’s Modern Portfolio Theory is central to the design of Personal Capital portfolios.

  • Bill Harris

    Bill Harris

    Founder of Personal Capital

    Bill Harris is the founder of Personal Capital. With 25 years’ experience developing financial technology, he has focused on dragging the financial industry into the 21st century. Mr. Harris previously served as CEO of transformative financial technology and security companies including Intuit, PayPal, and PassMark Security. Earlier in his career he was President of ChipSoft and Executive Vice President of U.S. News and World Report.

    In addition to Personal Capital, Mr. Harris is Chairman of the Board of XTec. He has also served on the boards of MyVest, Yodlee, Answers.com, SuccessFactors, Go Daddy Software, Earthlink, RSA Security, Macromedia, NexTag, and LowerMyBills.

    Mr. Harris received his bachelor’s degree from Middlebury College and his MBA from Harvard Business School.

  • Karen Schaeffer

    Karen Schaeffer, CFP®

    Former Chair of the CFP® Board

    Karen Schaeffer is the former Chair of the CFP® Board and a popular lecturer and seminar leader who is widely quoted in major financial media. She is the Managing Member and Co-founder of a financial consulting firm working with groups such as The World Bank, The Department of Treasury, The IMF, FDIC and The Department of State. She was awarded the Alexandra Armstrong Lifetime Achievement Award for her influence on the financial planning profession.

  • Luis Aguilar

    Luis Aguilar

    Formerly with the Securities and Exchange Commission

    Luis Aguilar is a consumer advocate and former commissioner of the Securities and Exchange Commission with over 35 years of experience in business, law and compliance. Mr. Aguilar was appointed to be an SEC Commissioner by President George W. Bush in 2008. He was reappointed by President Barack Obama in 2011 and served in that capacity until December 2015. Aguilar is a major advocate for consumer and minority rights, with honors for his leadership of Hispanic and African American rights, including his sponsorship of the SEC’s Hispanic Employment Committee and African American Counsel.

  • Mark Goines

    Mark Goines

    Fintech Innovator and Investor

    Mark has over 35 years of experience in Financial Services and Technology from Wells Fargo, Charles Schwab, Intuit (TurboTax and Quicken) as well as significant startup success including Mint.com and PassMark Security. Innovation and rapid growth are Mark’s passions.

  • John Powers

    John Powers

    In Memoriam: Former Head of the Stanford University Endowment

    John Powers previously served as President and CEO at Stanford Management Company (SMC) for nearly a decade, where he led the investment team for Stanford University’s multi-billion dollar endowment and funds, and also was a lecturer at Stanford University’s School of Business. Mr. Powers served on the Board of Directors for SMC as well as the Board of Directors for The San Francisco Ballet.

    Subsequent to his role with Stanford, he served as Co-Head of Anteil Capital Partners within Credit Suisse Asset Management. Prior to SMC he was Managing Director and Director of Research at Offit Hall Capital Management LLC , now called Hall Capital Partners LLC. Mr. Powers has also served as an Advisor at Wealthfront, Inc.

    Earlier in his career, Mr. Powers was Managing Director and Director of Research at Robertson Stephens & Co., having worked his way up after joining the company in 1992 as an Equity Analyst. Before that he held a variety of product development and marketing roles in the telecommunications equipment industry. He began his career in marketing research and opinion polling at Cambridge Survey Research and then Yankelovich, Skelly, and White.

    Mr. Powers received his bachelor’s degree from Cornell University and an M.B.A. from Stanford University.

Investment Committee

  • Craig Birk, CFP®

    Craig Birk, CFP®

    Chief Investment Officer

    Craig leads the Personal Capital Advisors Investment Committee, focused on translating improvements in technology into better financial lives. He has been widely quoted in the financial media. Prior to Personal Capital Advisors, he held a senior portfolio management position at Fisher Investments.

  • Michelle Brownstein

    Michelle Brownstein, CFP®

    Vice President of Private Client Services

    Michelle is a Certified Financial Planner® with a wide range of Investment Management experience. Prior to Personal Capital, she acted as a relationship manager within Fisher Investments' Private Client Group, serving as the primary point of contact for high net worth investment clients.

  • James Burton

    James Burton, CFP®

    Chief Growth Officer

    James Burton joined Personal Capital in 2019 as Chief Growth Officer.

    Previously, James was Executive Vice President and Chief Marketing Officer at Fidelity Investments. In this role, he was responsible for the company’s retail customer acquisition, customer strategy, and personal retirement account business, along with advertising programs, thought leadership, and communications. Prior to this, James served as President of Fidelity Brokerage Services LLC and led the company’s retail brokerage and cash management services. Before his decade-long tenure at Fidelity, James spent eight years with Charles Schwab developing investment research and fee-based product capabilities as Senior Vice President of Advised Investing Products.

  • Lacey Cobb

    Lacey Cobb, CFA, CFP®

    Director of Advice Solutions

    Lacey is Director of Advice Solutions. She has over a decade of investment industry experience including time at State Street and Head of Research and Trading at Polaris Greystone. Lacey focuses on personalized strategy selection and contributes to security selection and client education.

  • Brendan Erne

    Brendan Erne, CFA, CSRIC

    Director of Portfolio Management

    Brendan leads our research and trading team with a focus on portfolio construction and socially responsible investing. Prior to joining Personal Capital in 2011, he spent several years as an equity analyst covering technology and telecommunication companies at Fisher Investments.

  • Kyle Ryan, CFP®

    Kyle Ryan, CFP®

    EVP of Advisory Services

    Kyle is responsible for Personal Capital’s Advisory Services. He was named to the 2014 InvestmentNews 40 under 40 list for his contributions to the financial advisory industry. He has previously held senior positions at Merrill Lynch and Fisher Investments.

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Advisory services are offered for a fee by PCAC, a wholly owned subsidiary of PCC, an Empower company. PCAC is a registered investment adviser with the Securities Exchange Commission ("SEC"). SEC registration does not imply a certain level of skill or training. Past performance is not a guarantee of future return. Investing involves risk. Personal Capital and the Personal Capital logo are trademarks of PCC. All other trademarks, trade names, or service marks used or mentioned belong to their respective owners.