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Personal Capital launches new route to PE investments for HNW clients

Personal Capital, a leading digital wealth manager, has unveiled a new way for the company’s high-net-worth Private Clients to access the private equity market.  

“As we continue to grow as a company and expand our client base, we are constantly looking for more ways to provide our clients with superior personalised solutions that help them meet their unique financial goals,” said Jay Shah, CEO of Personal Capital. “As a fiduciary, our clients can be confident that they’re receiving financial advice that’s in their best interest, which is particularly important when it comes to investing in private equity.”
Historically, access to non-liquid alternative investments such as private equity has been limited to large institutional investors. But Personal Capital has created the opportunity for its high-net-worth clients to participate in this asset class at lower minimums and at lower costs than the traditional model by partnering with iCapital Network, a financial technology platform that provides access to alternative investments as part of a simplified end-to-end solution.
Personal Capital prides itself on its technology, transparency, and ability to provide modern, cost-efficient solutions to form strong client relationships built on trust. Personal Capital will leverage iCapital’s platform to provide clients with a transparent, diversified, cost efficient, and seamless experience, all at lower minimums.
“Our high-net-worth clients had expressed interest in access to the private equity market,” says Craig Birk, Chief Investment Officer at Personal Capital. “We are excited to now be able to offer them a simple, cost efficient way to participate in private equity as one piece of their holistic financial plan.”
“We are honoured that Personal Capital has selected iCapital’s technology to access private equity investment opportunities on behalf of their qualified clients,” said Lawrence Calcano, Chief Executive Officer of iCapital Network. “This partnership demonstrates our collective commitment to improving the experience when diversifying portfolios with alternative strategies.”

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