Personal Capital Announces Access to Private Equity for High-Net-Worth Clients

SAN FRANCISCO, Feb. 14, 2019 /PRNewswire/ -- Personal Capital, a leading digital wealth manager, today unveiled a new, simpler way for the company's high-net-worth Private Clients to access the private equity market. Recently Personal Capital surpassed $8.5 billion in assets under management, of which a growing portion consists of high-net-worth clients. 

"As we continue to grow as a company and expand our client base, we are constantly looking for more ways to provide our clients with superior personalized solutions that help them meet their unique financial goals," said Jay Shah, CEO of Personal Capital. "As a fiduciary, our clients can be confident that they're receiving financial advice that's in their best interest, which is particularly important when it comes to investing in private equity."

Historically, access to non-liquid alternative investments such as private equity has been limited to large institutional investors. But Personal Capital has created the opportunity for its high-net-worth clients to participate in this asset class at lower minimums and at lower costs than the traditional model by partnering with iCapital Network, a financial technology platform that provides access to alternative investments as part of a simplified end-to-end solution.

Personal Capital prides itself on its technology, transparency, and ability to provide modern, cost-efficient solutions to form strong client relationships built on trust. Personal Capital will leverage iCapital's platform to provide clients with a transparent, diversified, cost efficient, and seamless experience, all at lower minimums.

"Our high-net-worth clients had expressed interest in access to the private equity market," said Craig Birk, Chief Investment Officer at Personal Capital. "We are excited to now be able to offer them a simple, cost efficient way to participate in private equity as one piece of their holistic financial plan."

"We are honored that Personal Capital has selected iCapital's technology to access private equity investment opportunities on behalf of their qualified clients," said Lawrence Calcano, Chief Executive Officer of iCapital Network. "This partnership demonstrates our collective commitment to improving the experience when diversifying portfolios with alternative strategies."

Earlier this month, both Personal Capital and iCapital Network were acknowledged in the 2019 Forbes Fintech 50 as breakout companies in the financial technology space.

About Personal Capital

Personal Capital transforms financial lives through technology and people. Free online tools create total clarity with all your accounts in one place and advisors provide advice you can easily understand. The result is complete confidence in how you plan for and achieve your financial goals. Personal Capital is headquartered in Silicon Valley with hubs in San Francisco, Denver, Dallas, and Atlanta. Connect with us on Twitter, LinkedIn or Facebook. For more information and to open an account, visit https://www.personalcapital.com/.

Any reference to the advisory services refers to Personal Capital Advisors Corporation, a subsidiary of Personal Capital Corporation. Personal Capital Advisors Corporation is a registered investment advisor with the Securities Exchange Commission ("SEC"). 

Contact Information
Rebecca Neufeld Director of Public Relations
[email protected]
(415) 231-3055

SOURCE Personal Capital

Related Links

http://www.personalcapital.com