Technology-Assisted Financial Advisor Personal Capital Disrupts Wall Street

June 20, 2014 in Personal Capital News by

Bill Harris, our CEO, was featured on CNBC to discuss the rise of technology-assisted financial advisory firms such as Personal Capital. Unlike “robo-advisors,” who only use algorithms to manage their clients money, Personal Capital uses human financial advisors plus technology to service our customers better.

Personal Capital is a Registered Investment Advisor who has a fiduciary duty to do what’s best for our clients, unlike brokerage firms who only have a “suitability standard.” Want to invest your entire portfolio in one stock? An RIA won’t let you for your own good, but a broker could.

Have a watch as Bill explains the current market potential for Personal Capital to disrupt the traditional wealth management industry. What was originally supposed to be a debate with Josh Brown, a CNBC regular contributor, and self-proclaimed “reformed broker” turned into a harmonious discussion on opportunity. (To view on mobile, see the original footage on CNBC).

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  1. Mark

    I love Personal Cap. It shows things great. I’ve got Rental Houses and I haven’t see. Anything do as good a job showing things like them.

  2. Anonymous

    JP Morgan may be big, but from the perspective of defining new ways of doing advisory using technology instead of all paper work, Personal Capital will definitely be a disruptor. These “giant” will be a follower on this front.


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