Was Personal Capital bought by Empower?

If you've been following the news in the financial industry, you may have heard rumors about Personal Capital being acquired by Empower Retirement. In this blog post, we will delve into the details of this potential acquisition and explore what it means for you as a consumer.

The Acquisition Announcement

Empower Retirement, one of the world's largest retirement planning companies, recently made headlines with its announcement to acquire Personal Capital. This news has sparked curiosity and raised several questions among individuals who have been using Personal Capital's services.

About Empower Retirement

Empower Retirement is known for its expertise in retirement planning and investment management. The company offers a wide range of tools and services to help individuals plan for their financial future. With the acquisition of Personal Capital, Empower Retirement aims to expand its offerings and provide an enhanced experience to its customers.

About Personal Capital

Personal Capital is a well-known fintech company that has gained popularity for its innovative tools and services in the personal finance space. The company offers a comprehensive suite of financial management tools and investment services to help individuals track their net worth, manage their investments, and plan for retirement.

What Does the Acquisition Mean for You?

If you are an existing Personal Capital user, you might be wondering how this acquisition will affect you. The good news is that Empower Retirement plans to retain the same tools and services that Personal Capital is known for. This means that you can continue to benefit from Personal Capital's award-winning tools and expertise while also gaining access to Empower Retirement's extensive resources.

Enhanced Tools and Services

With Empower Retirement's acquisition of Personal Capital, you can expect to see enhancements and improvements in the tools and services offered. Empower Retirement aims to leverage its expertise in retirement planning to further enhance Personal Capital's offerings, providing users with an even more robust and comprehensive financial management experience.

What's Next?

As of now, the acquisition is still pending regulatory approval. Once the acquisition is finalized, Personal Capital will be integrated into Empower Retirement, and users can expect a seamless transition. In the meantime, it's business as usual for Personal Capital users, and you can continue to use the platform as you normally would.

Conclusion

The potential acquisition of Personal Capital by Empower Retirement brings exciting possibilities for individuals seeking comprehensive financial planning and investment management services. With the combined strengths of both companies, users can look forward to an enhanced experience and a broader range of tools and services to help them achieve their financial goals.