Then, Personal Capital demonstrated a 401(k) fee calculator and its own professionally managed 401(k):
"Personal Capital will be demoing its free 401(k) fee calculator, which enables users to determine how much their 401(k) costs and what long-term fees they can expect to pay over time. The calculator has the potential to save investors hundreds of thousands of dollars over a lifetime.
The company will also unveil the Personal Capital 401(k), an affordable, professionally managed alternative to a traditional 401(k). With the new 401(k) from Personal Capital, the service is a truly holistic financial solution for millions of Americans."
Product Launched: September 2012
HQ Location: Redwood City, CA
Company Founded: July 2009
Metrics: $27M raised to date (IVP & Venrock), 45 employees
Finovate demo video: finovate.com/fall12vid/ (demo video will be posted next week)
Introducing Bill Harris (CEO), Jim Del Favero (VP of Products), and Tom Zgainer (VP Corporate Retirement Plans)