Jay Shah joined Personal Capital in 2009, the same year it launched, and became CEO in 2017. Personal Capital was last valued at $950 million in a February 2019 fundraise, according to PitchBook. Former Intuit INTU CEO Bill Harris founded Personal Capital in 2009. Forbes identified Personal Capital as a likely acquisition target in May as the coronavirus was wreaking havoc on financial markets. About two years ago, Personal Capital was exploring selling itself but ultimately didn’t find the right buyer, according to a person familiar with the matter (a Personal Capital spokesperson declined to comment).

Source: Forbes June 29, 2020 20:48 UTC