Personal Capital, a digital wealth management company, opened a new office in Denver, Colorado
. The office will be the center of operations for the firm’s financial advisory team. Of Personal Capital’s 75 employees, 20 are financial advisors with its census expected to grow to 100 within the next two years.
This is the first major expansion by the company after receiving a $27 million round of Series C financing in June, state economic development officials said.
“We’re delighted to be executing on our long-term expansion plans with the new office in Denver, which we chose as the site for our advisory hub primarily because of great access to financial talent to serve our clients nationwide.” said Personal Capital CEO Bill Harris. “We’re also pleased to announce: we’re hiring.”
The state’s office of Economic Development and International Trade said Personal Capital selected Denver because Colorado has an “incredible pool of talent for an advisory services firm…With clients across the country, Personal Capital can offer convenient business hours in Denver, as the city's time zone falls between the East and West coasts. “
“We’re extremely proud to welcome Personal Capital to Denver,” said Denver Mayor Michael B. Hancock. “This is an important business expansion win for our city that presents much more than new jobs and business growth. Personal Capital’s decision reaffirms Denver’s position as a top city for our financial services and technology industries.”
"We are pleased to welcome Personal Capital to Colorado," said Ken Lund, executive director of the Colorado Office of Economic Development and International Trade. "With its innovative blend of technology, finance and service, Personal Capital is a great fit for Colorado's economy and will benefit from our rich talent pool and highly educated workforce to further grow and thrive."