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Power Player: Bill Harris raises yet another $40 million on strength of winning big accounts willing to pay a grown-up price

Personal Capital has a leg-up in the mass production of classic RIA-to-high-net-worth services using technology, people and process, even if the brand elicits shrugs

Author Mia Diamond July 31, 2017 at 11:46 PM
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Bill Harris: We are constantly showing what your cash flow is, you have to be good at saving.

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Famously and fiercely solo James Osborne somewhat sheepishly doubles headcount at Bason to two after the fatigue of saying 'no' wore on him

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March 5, 2019 at 9:17 PM

Ashley Arrington is leaving Fidelity for one of its hottest RIA clients, but she'll have to start cold in Nashville to keep her and her boss in the giant's good graces

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July 29, 2022 at 2:28 AM

Second Betterment exec departs as new CEO Sarah Levy orients to her first month on the job and is confronted by personnel matters

Chief operating officer Dustin Lucien is the latest to leave the New York City robo-advisor, one of at least eight positions open as it prepares a push across multiple business lines to ignite growth.

January 19, 2021 at 6:32 PM

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Mentioned in this article:

Betterment, LLC
Financial Planning Software
Top Executive: Jon Stein




Stephen Winks

Stephen Winks

August 1, 2017 — 8:14 PM
the advice element of Robos are still quite primitive and inexpensive TAMP algorithms. The higher service business model of VanGuard and Personal Capital are focusing of creating personal experience beyond an impersonal TAMP technology. Vanguard and PC would be well served by putting "financial services" (asset/liability study, investment policy, portfolio construction, performance monitor, etc.) back into the financial services business. This preempts conventional brokerage which is opposed to fiduciary duty supporting a high service business model because it triggers fiduciary liability. The inability of brokerage to execute a high service business model for fear of fiduciary liability is the key to personalized advice of the Personal Capital business strategy. SCW
Bill Winterberg

Bill Winterberg

August 2, 2017 — 12:53 PM
Personal Capital selected Pershing Advisor Solutions as the custodian for customer accounts. As of August 2, 2017, I did not see a conflicts statement or disclaimer in your article about this relationship, given the article includes quotes from Mark Tibergien, CEO of Pershing Advisor Solutions, specifically because he is quoted as saying, "I'm very bullish," with respect to Personal Capital. <a href="https://support.personalcapital.com/hc/en-us/articles/201169490-Who-holds-my-money-" rel="nofollow">https://support.personalcapital.com/hc/en-us/articles/201169490-Who-holds-my-money-</a>
brooke southall

brooke southall

August 2, 2017 — 6:49 PM
Bill, Yep, good point. My oversight. Will do.

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