Personal Capital sells to Empower Retirement in offer worth as much as $1B

Personal Capital sells to Empower Retirement in offer worth as much as $1B

Today Personal Capital, a fintech company that had actually brought in over $265 million in private financing, announced that it is selling itself to Empower Retirement, a company that provides retirement services to other companies. The deal is worth $825 million upon closing, with another $175 million in what are referred to as “organized development” rewards, according to […] , a company that supplies retirement services to other business. Venture groups who put capital in later on, unless they had cogs in location, most likely didn’t make as much from the offer as they originally hoped. Personal Capital is a customer service that assists folks prepare for retirement, and invest their capital. Regardless, the business’s sale rate must assist market rivals price themselves. …

Trillions are at stake in the retirement wars, and Vise nets $14.5 M from Sequoia to handle it

Trillions are at stake in the retirement wars, and Vise nets $14.5 M from Sequoia to handle it

The retirement wars are warming up. As countless child boomers leave their tasks in the coming years and transition into retirement, there is a substantial competition for who will handle their cost savings. On one hand are standard wealth managers, firms like Edward Jones, who either employ full-time human monetary consultants or empower independent professionals […] Vise’s platform. Picture courtesy of Vise. Instead, Vise intends to be a one-stop store for all the requirements in the day-to-day workflow of an investment consultant. In their views, Vasavada and Mehrotra see the wealth advisory market dividing into several containers, with independent wealth consultants who target $500,000 to $2 million in properties per customer as the sweet area for Vise. Eventually, Vise is a pure B2B play, and the founders desire to keep that focus into the future….