Wednesday, June 5, 2013

Former CEO of PayPal, Middle forget 'its wealth management service range is $ 25M

Former PayPal CEO gets $25M to scale his wealth management service for the ‘forgotten middle’Private Capital Wealth Management service claims to be the world's first digital, and the closure of a $ 25 million funding round is bolstering their claims.
Funding to hire new talent and Silicon Valley-based company will be used for growth, company CEO Bill Harris expects to be profitable by early 2015, and he plans to take it public is targeting.
Harris to help people manage their money is dedicated to his profession. He said that companies like Intuit and PayPal payment is former CEO. But it is the culmination of his life's work considers private capital.

Personal Finance CEO Phil Harris
Personal Finance CEO Phil Harris
The goal is to help the Harris Company "forgotten middle [class]" These costs have a comprehensive approach. Explained by phone, "the biggest problem is fragmentation," he said. "For most of us, our money is completely scattered."
The best private capital is available to anyone free of the dashboard, which is known for. Save all your credit cards and bank accounts properly configure and service costs you an instant visual display will show. How much are you spending your money on restaurant results can be filtered to see, travel, school fees, and so on. Like Mint.com personal finance services than it currently is designed for personal in depth.
The company now tracks daily claims assets of $ 20 billion.
One of the biggest surprises for people who are mutual fund fees so that I can play. "We alone can save people thousands of dollars a year," Harris said.
Mobile and Web-based tools for fundamental financial planning are designed to be used. So how much better data set for retirement should be your answer as equips?
"The important thing is not counting every dollar," Harris explained. "It's all about the big picture."
Users who switch to products offered Harris a "one digit" part evaluation. Premium users normally $ 100,000 to $ 5 million a year are getting anywhere.
Jim Feuille of Crosslink Capital led the financing and joined the company's board of directors. Crosslink and BlackRock, the world's largest asset management firm, has new investors. Existing investors Institutional Venture Partners (IVP) and Venrock participated in Series C round.

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