Thanks to Personal Capital, when it comes to finance and investing, you can take it with you.
Personal Capital announced yesterday that its finance management app is now available on Android’s smart watch, Android Wear.
Personal Capital Chief Product Officer Jim Del Favero called wearable devices “the next evolution of mobile.” When users have Personal Capital on their Android Wear device, they can access a full suite of PFM functionality with them wherever they go.
The free app is available for download in the Google Play Store. Features include:
- YouIndex: end of the day notification feature that compares your portfolio (your “YouIndex”) to the S&P 500 and other stock market indices
- Advice and Alerts: personalized notifications for goal-tracking
- Actionable Information: an omni-channel experience that allows users to access the app on more than one device
Part of a growing ecosystem of alternative investment management services, Personal Capital differs from so-called “robo-advisors” by not just relying on algorithms to make investment decisions. Technology plays a role, of course. Personal Capital CEO Bill Harris said in a June interview with CNBC that automated tools helped “discipline” the investment process, and refers to his company as “technology-assisted.” But in combining technology with what he calls “sophisticated and customized management” Personal Capital brings a wealth management model that has worked for high net worth individuals to a broader, “mass affluent” market.
Personal Capital is headquartered in Redwood City, California, and was founded in 2009. The company last demoed at the FinovateSpring conference in San Jose earlier this year. See a video of the company on stage here.