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Corporation
INTERNET | Internet Software & Services / Asset & Financial Management & Trading
personalcapital.com

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Founded Year

2009

Stage

Acquired | Acquired

Total Raised

$312.02M

Valuation

$0000 

Revenue

$0000 

About Personal Capital

Personal Capital is an online financial advisor and personal wealth management company. Personal Capital offers a digital wealth management service that combines a free financial dashboard to gather and analyze financial data, with a financial advisor to help manage investments.On June 29th, 2020, Personal Capital was acquired by Empower Retirement at a valuation between $825 and $1000M.

Personal Capital Headquarter Location

3 Lagoon Drive Suite 200

Redwood City, California, 94065,

United States

650-556-1310

Latest Personal Capital News

09:01 ET New "2022 Wealth & Wellness Index" Shows Americans Less Confident in Their Finances and the Economy Entering Third Year...

Jan 10, 2022

Despite a strong stock market and recovering economy, a new survey finds economic confidence among Americans dropping, with perceived financial health significantly down from the beginning of 2021 but a top priority in 2022. News provided by Share this article (PRNewsfoto/Personal Capital, an Empower Company) REDWOOD SHORES, Calif., Jan. 10, 2022 /PRNewswire/ -- As we embark on the third year of the COVID-19 pandemic, the U.S. economy is making a remarkable comeback after enduring a tumultuous two years. Roughly 80% of the jobs lost to the pandemic have been regained , unemployment rates have normalized and today's jobseekers have the upper hand. Yet, Americans' views of their financial health is languishing and many consumers don't feel confident about their current financial situation or the economy. According to a new annual 2022 Wealth & Wellness Index released today from retirement services provider Empower and hybrid wealth manager Personal Capital, only 34% of American consumers say they are "very financially healthy," a 14% drop versus when asked in March of 2021 (48%). The survey, conducted by the Harris Poll, finds economic confidence also remains relatively low at 40%, down 2% from one year prior and down 12% from the start of the pandemic. "It's a fact of life that forces in the economy are going to impact how confident people feel about their finances," said Empower President and CEO Edmund F. Murphy III. "Periods like this represent opportunities for savers to become even more engaged in their finances and seek the advice they need to help reassure them in their financial plan or put them on a path to help drive renewed confidence." So what's causing Americans to feel less confident in their finances and in the economy right now, despite positive indications at a macroeconomic level? "It's a complicated picture to describe what's happening to the economy," says Chief Investment Officer at Personal Capital, Craig Birk. "The labor market is strong and retail growth is ticking upwards, but we're also dealing with recent market volatility and record high inflation. It's unsettling for many." Despite this relatively recent decline in confidence, American consumers report feeling optimistic about their longer-term financial futures. According to the study's key indicators of financial wellness, many are feeling hopeful and optimistic (40%) about their path towards optimizing their financial health. Americans are also prioritizing financial goals in 2022. When asked what their top new year's resolution is, paying off personal debt (37%) and saving for retirement (36%) now surpass traditionally common goals like exercising more (33%) and losing weight (28%). "The fact that paying off debt is a higher priority than exercising shows many people want to improve their financial health, and it's clear that financial confidence is intrinsically linked to overall health and wellness," says Personal Capital's Chief Marketing Officer, James Burton. "Americans are seeking financial advice, and we don't see this boom in financial planning changing anytime soon. In the past year, we've seen an 88% increase in net new client assets, excluding market gains, and we are fully prepared to meet the growing demand this year." For more information on the 2022 Wealth & Wellness Index, see an overview of the results here . Get access to free financial planning tools at personalcapital.com . Methodology This survey was conducted by The Harris Poll on behalf of Empower and Personal Capital from October 29, 2021 to November 3, 2021. We surveyed 2,006 people, all of whom were 18+ and living in the US. The online survey has a +/- 3% margin of error and a 95% confidence level. Respondents were screened for age, household income, and investible household assets with an equal male/female split. Those participating had a minimum age of 40; a minimum $50,000 annual household income before taxes; and a minimum $100,000 combined household net worth, excluding primary residence. About Empower Headquartered in metro Denver, Empower administers approximately $1.1 trillion in assets for more than 12.6 million retirement plan participants and is the nation's second-largest retirement plan recordkeeper by total participants. Empower serves all segments of the employer-sponsored retirement plan market: government 457 plans; small, mid-size and large corporate 401(k) clients; nonprofit 403 (b) entities; private-label recordkeeping clients; and IRA customers. Personal Capital, a subsidiary of Empower, is an industry-leading hybrid wealth manager. For more information please visit empower.com and connect with us on Facebook , Twitter , LinkedIn and Instagram. About Personal Capital, an Empower Company Personal Capital is a remote-delivery, industry-leading digital wealth management company that helps people transform their financial lives through technology and advisory services. The company's state-of-the-art tools and technology provide consumers with a holistic financial picture and are used by over 3.1 million people to track $1.3 trillion in account assets (as of 12/31/21). Its wealth management advisors provide expert guidance, and customized strategies, based on a personal understanding of an investor's financial picture and goals. For more information, please visit www.personalcapital.com or connect with us on Facebook , Twitter or LinkedIn . Advisory services are offered for a fee by Personal Capital Advisors Corporation, a wholly owned subsidiary of Personal Capital Corporation. Personal Capital Advisors Corporation is a registered investment advisor with the Securities and Exchange Commission ("SEC"). SEC registration does not imply a certain level of skill or training. Investing involves risk. Past performance is not a guarantee or indicative of future returns. The value of your investment will fluctuate, and you may gain or lose money. Contact Information

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Expert Collections containing Personal Capital

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Personal Capital is included in 5 Expert Collections, including Wealth Tech.

W

Wealth Tech

1,137 items

A category of financial technology that is digitizing & streamlining the delivery of wealth management. Included: Startups that offer technology-enabled tools for active and passive wealth management for retail investors and advisors.

2

2018 Fintech 250

498 items

T

Tech IPO Pipeline

568 items

F

Financial Wellness

245 items

Track startups and capture company information and workflow.

F

Fintech

7,256 items

US-based companies

Personal Capital Patents

Personal Capital has filed 3 patents.

patents chart

Application Date

Grant Date

Title

Related Topics

Status

4/17/2014

1/26/2016

Computer network security, Network protocols, Wireless networking, Computer access control protocols, Password authentication

Grant

Application Date

4/17/2014

Grant Date

1/26/2016

Title

Related Topics

Computer network security, Network protocols, Wireless networking, Computer access control protocols, Password authentication

Status

Grant

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