This week, digital wealth management and advisory platform Personal Capital surpassed $2 billion in assets under management (AUM), up from $1.6 billion in November of last year.
In a press release, the San Francisco-based company reported that one third (just north of $660 million) of the total AUM comes from clients with more than $1 million in assets held at Personal Capital. Furthermore, half of Personal Capital’s one million clients come from traditional adviser relationships, while the other half stem from simpler, self-service brokerages.
On the Personal Capital platform, users aggregate an average of 15 different financial accounts. The company’s active members who track up to $100k in investable assets log into the platform on average of 12 times per month. Those who are tracking up to $1 million or more log in 17 times per month.
Personal Capital most recently presented to a crowd of developers at FinDEVr 2015 in San Francisco. The company launched One Click Investment Proposals at FinovateSpring 2014 in San Jose.