Personal Capital IPO
Personal Capital was a financial technology company that provided wealth management services and financial planning tools, combining robo-advisory services with human financial advisors. The platform offered portfolio tracking, investment management, and comprehensive financial planning for affluent investors. Personal Capital was acquired by Empower Retirement in 2020 for $1 billion.
Key Facts
| Industry | Wealth Management Technology |
| Founded | 2009 |
| Headquarters | Redwood City, CA |
| Employees | ~500 at acquisition |
| Website | personalcapital.com |
| Funding | Acquired by Empower Retirement for $1B in 2020. Total raised: ~$265M |
About Personal Capital
Personal Capital was a digital wealth management platform that combined free financial tracking tools with fee-based investment advisory services, serving both mass-affluent and high-net-worth individuals. The platform provided comprehensive financial dashboard capabilities, allowing users to aggregate accounts, track net worth, analyze spending patterns, and monitor investment performance across multiple financial institutions. Personal Capital's hybrid model offered both self-directed tools and human financial advisor access, differentiating it from purely robo-advisor platforms.
The company was acquired by Empower Retirement in 2020 for $1 billion, representing one of the largest exits in the digital wealth management space. Personal Capital's acquisition highlighted the value of combining technology-driven financial planning tools with human advisory services, as traditional financial services companies sought to enhance their digital capabilities and reach younger, tech-savvy investors who demanded both sophisticated tools and personalized guidance.
IPO Status
Personal Capital was acquired by Empower Retirement (formerly Great-West Financial) in August 2020 for approximately $1 billion. The acquisition eliminated any possibility of a Personal Capital IPO, as the company became part of Empower's broader retirement services platform. Prior to the acquisition, Personal Capital had been growing rapidly in the wealth management space, competing with other robo-advisors like Betterment and Wealthfront. The company managed over $12 billion in assets at the time of the acquisition and served more than 3 million users through its financial planning platform.
Competitors
Frequently Asked Questions
Does Personal Capital have a stock?
Personal Capital never had an IPO as an independent company. The wealth management platform was acquired by Empower Retirement in 2020 before going public.
When is the Personal Capital IPO date?
There will be no Personal Capital IPO as the company was acquired by Empower Retirement in 2020. The acquisition eliminated the possibility of an independent public offering.
How can I buy Personal Capital stock?
You cannot buy Personal Capital stock as it was acquired by Empower Retirement, which is owned by Great-West Lifeco. Great-West Lifeco trades on the Toronto Stock Exchange under the symbol GWO.
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