RIABiz

News, Vision & Voice for the Advisory Community

RIABiz

How Personal Capital got a stunning $1-billion AUM boost in six months -- after gathering its first $2 billion over six years

CEO BIll Harris says part of the secret is hiring human advisors to stoke referrals

Author By Lisa Shidler September 21, 2016 at 9:12 PM
2 Comments
no description available
Bill Harris: We're running hot.

Robo-Advisors


Tom Zgainer

Tom Zgainer

September 21, 2016 — 10:44 PM
This comment is by Bill Harris regarding Betterment is brilliant. We feel the same regarding Betterments' entry in the retirement plan arena Harris does not see the New York-based firm as direct competition. "Betterment offers a simple service, which is fine because it is targeted for people with simple finances. Most of their customers are single and maybe they rent and have very simple finances. Their service is appropriate for Uber drivers but ours is more appropriate for Uber riders."
Will Duncan

Will Duncan

September 22, 2016 — 12:27 AM
I guess their sales guys making 150 calls a day are paying off. And convenient to launch in 2009 but let's see how they fare during their first bear market.

Related Moves

July 11, 2023 at 2:46 AM

Betterment whistleblowers net $2.5 million • Wealthfront's big pivot leads to profits • Altruist launches tax service • CMOs in at Ascensus, Wealthspire & Joe Duran's Rise • Savvy bags four advisors as Mariner sues it for poaching • Jim Dickson launches RIA stake buyer

Betterment is also bending to RIA needs • Wealthfront is in the black, thanks to cash • Altruist reveals where it makes its money • Rise, Wealthspire and Ascensus each add two executives • Compound hits $2 billion of AUM • CAIS slashes alts prices • BlackRock ups private debt sales to RIAs, through GeoWealth.

June 29, 2024 at 3:00 AM

Tim Buckley sends shockwaves by retiring as Vanguard CEO after adding $750 billion per year during his stay in the executive suite

The 54 year-old lasted just over six years in the job, delivered on targets, but he also made head-scratching decisions and never solved its technology woes

March 1, 2024 at 3:35 AM

Biz Briefs: Vanguard's tax-loss harvest yields a caveat• Vermont green with envy ... of red states? • CFP Board spends $12 million on bungee metaphor • BlackRock isn't neutral on Credit Suisse • Women are the Goliath of 'David' in UK finance

Tax-loss harvest gains may have some home assembly required, says Jeff DeMaso • Adrian Johnstone is now in the driving seat at Practifi • CFP Board spending just topped $150 million • and Vermont shares some Texas thinking on ESG investing.

March 25, 2023 at 1:32 AM

See more related moves

Mentioned in this article:

Advisor Software Inc.
Financial Planning Software
Top Executive: Andrew Rudd, CEO

Pershing Advisor Solutions
Asset Custodian
Top Executive: Mark Tibergien

Betterment, LLC
Financial Planning Software
Top Executive: Jon Stein



RIABiz Directory

The Industry Sourcebook for RIAs

   |    LISTING


RIABiz Directory sponsored by:

Directory Sponsor Logo

White Paper Postings


Common Tags


Recent Articles


Popular Writers


RIABiz logo

RIABiz

About Us

Directory

Archives

Connect

RIABiz, Mill Valley, California
Copyright © 2009-2024 RIABiz Inc. All rights reserved.