Online registered investment advisor Personal Capital recently surpassed $10 billion in assets under management, according to the firm. The increase in assets represents growth of more than $2 billion since the final quarter of last year, the company said in a statement.
Meanwhile, Personal Capital has been raising capital, to the tune of $64 million this year. The vast majority of that fund raising had been completed by the beginning of February.
A pair of new hires, with marketing experience at Virgin America and Lyft, respectively, has joined the firm’s push for growth. Porter Gale is now the Chief Marketing Officer and Kira Wampler has been named to the board of directors. They will be helping in the firm’s branding updates.
Personal Capital’s expansion means the firm now has offices in San Francisco, Denver, Dallas and Atlanta. It is headquartered south of San Francisco in Redwood Shores, Calif. and it now has almost 400 employees—with financial advisors representing more than one-third of its workforce, or "just over 130 financial advisors,” according to a spokesperson for the firm.
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