Personal Capital is a digital-first registered investment adviser and wealth manager that combines free online financial dashboard tools (account aggregation, retirement planner, fee analyzer, net worth tracker) with hybrid human + algorithmic wealth management for affluent clients. Founded in 2009 by former Intuit/PayPal CEO Bill Harris alongside Rob Foregger, Louie Gasparini and Paul Bergholm, the company publicly launched in September 2011 and grew into one of the largest hybrid robo-advisors in the U.S. before being acquired by Empower (a subsidiary of Great-West Lifeco) in August 2020 for up to $1B in enterprise value. The platform was rebranded as Empower Personal Wealth and surpassed $100B in assets under administration post-acquisition.
Personal Capital has been acquired
This company is no longer available on our private secondary market.
Company data and valuation marks are estimates and may be incomplete, stale, erroneous, or revised.
Founded
2009
Employees
450–550
Total Funding
$265M
7 rounds
Latest Valuation
$0.5B
February 5, 2019
Total raised $265M across 7 rounds
Funding data and valuation marks are estimates and may be incomplete, stale, erroneous, or revised.
Last updated 06-25-2026
Latest Round
Type
Series E (initial close)
Date
May 2016
Amount
$75M
Valuation
$0.5B
Lead Investors
| Date | Round | Amount Raised | Valuation | Lead Investors |
|---|---|---|---|---|
| February 5, 2019 | Late-stage growth | $50M | — | IGM Financial |
| August 2017 | Series E (extension) | $40M | — | None named |
| May 2016 | Series E (initial close) | $75M | $0.5B | IGM Financial |
Jay Shah
Chief Executive Officer (at time of acquisition)
Bill Harris
Founder and Chairman
Rob Foregger
Co-Founder
Louie Gasparini
Co-Founder
Paul Bergholm
Co-Founder
Competitor list is illustrative and may be incomplete, stale, or erroneous.
Wealthfront
Leading robo-advisor offering automated investing, tax-loss harvesting, direct indexing and high-yield cash accounts at 0.25% management fee
Betterment
Pioneer robo-advisor offering automated portfolios, premium human advisor tier, retirement and cash management products
Vanguard Personal Advisor Services
Hybrid human + algorithmic advisory service from Vanguard with one of the largest assets under management in the digital advice category
Schwab Intelligent Portfolios
Charles Schwab's automated investing platform with optional access to human advisors via Schwab Intelligent Portfolios Premium
Mint
Free personal finance dashboard for budgeting and account aggregation (Intuit-owned, sunset 2024) - direct competitor to Personal Capital's free dashboard tools
Edelman Financial Engines
Hybrid digital advice and human advisor platform serving retirement plan participants and individual investors; CEO Jay Shah moved here from Personal Capital
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