Online wealth management platform Personal Capital announced today it has brought on former Yodlee CFO, Mike Armsby (pictured), as its new CFO. Armsby, who boasts an MBA from Harvard, has previously served as CFO of View, a high tech glass supplier, and PowerLight, a solar development company.
The California-based company has also promoted three current executives:
- Jay Shah is now CEO of Personal Capital Advisors, an RIA which is a wholly-owned subsidiary of Personal Capital (Shah will keep his role as Chief Operating Officer of the parent firm).
- Mark Goines is now Vice Chairman
- Paul Bergholm is now Chief Administrative Officer
In a funding round that boosted its valuation to $500 million, Personal Capital raised $50 million last month, with another $25 million pending. The company’s CEO Bill Harris said, “these executives are key to powering our next phase of hyper-growth.” Earlier this spring, the company announced it had exceeded $2 billion assets under management, up from $1.6 billion in November of last year.
At FinovateSpring 2014, Personal Capital launched One Click Investment Proposals. The company’s CTO Fritz Robbins gave a presentation titled Data-Driven Retirement Planning at FinDEVr San Francisco 2015.
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