Personal Capital Advisors Corporation (San Francisco)

Name: Personal Capital Advisors Corporation
Address: 250 Montgomery Street, San Francisco, CA, 94104
Telephone: 415-800-5922

Personal Capital Advisors Corporation is a large advisory firm based in San Francisco. It manages $8.56 billion of regulatory assets for 52,331 client accounts. It has been registered with the SEC as an adviser since 2010 and has operated in the jurisdictions of Alabama, Alaska, Arizona, and 47 other states.

Personal Capital Advisors Corporation provides financial planning services and portfolio management for individuals and small businesses. It prepares financial plans for approximately 19,000 clients. On top of advisory services, the firm doesn't engage in other business activities.

Personal Capital Advisors Corporation: assets under management

The assets under management (AUM) of Personal Capital Advisors Corporation is $8.56 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 2871916% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $8.56 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $163.55 thousand each.

Investments

The firm invests in exchange traded securities the most. They account for 97% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 2% of the firm’s portfolio. Investments in investment and business development companies form 1% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Personal Capital Advisors Corporation for their services and products based on a percentage of assets under management. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Stephen James Harrick serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, and corporations or other businesses. The largest group of clients of Stephen James Harrick is high net worth individuals with 1,944 clients and $4.95 billion of assets under management. Among the 12 most similar advisory firms, Personal Capital Advisors Corporation has the 2nd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $8.56 billion for 19,295 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.

Personal Capital Advisors Corporation doesn't advise any private funds.

Careers at Personal Capital Advisors Corporation

The company employs 236 people that are either part- or full-time employees. 99 percent of the employees work as investment advisers or researchers. 171 employees are registered as investment adviser representatives with the state securities authorities.

There are 227 people with the role of looking for and bringing in new clients on behalf of the firm. The firm compensates employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Stephen James Harrick has been acting as President since 1 Jun 2010. Craig Alan Birk has served as the Chief Investment Officer since 1 Aug 2018 and Jay Shah is the Chief Executive Officer of Personal Capital Advisors Corporation family office. A. Allison Amadia joined the executive team most recently as the Chief Compliance Officer, General Counsel.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
William Hamilton Harris	Chairman, chief executive officer	1 Jun 2009	Other	4702630
Robert Cornelius Foregger	Chief strategy officer	1 Sep 2009	Other	4350177
William Hamilton Harris	Chairman, chief executive officer, director	1 Oct 2009	Other	4702630
Jay Shah	Chief operating officer	1 Oct 2009	Other	5859189
Personal Capital Corporation	Parent corporation	1 Dec 2009	75% - 100%	27-1185323
Louie Gasparini	Chief technology officer	1 Dec 2009	Other	5859733
Paul Bergholm	Chief financial officer	1 Jan 2010	Other	5861314
Stephen James Harrick	Director	1 Jun 2010	Other	2378934
Kyle Carroll Ryan	Vice president of advisory services	1 Oct 2010	Other	5168986
Craig Alan Birk	Vice president of portfolio management	1 Mar 2011	Other	5838518
Brian David Ascher	Director	1 Jul 2011	Other	2519793
Charles George Goldman	Director	1 Sep 2011	Other	4338747
Robin Gen Wai Kirn Kameda	Chief compliance officer	1 Nov 2011	Other	1821479
James Mcdowell Preston Feuille	Director	1 Jun 2013	Other	1160702
Amy H Hong	Chief compliance officer	1 Nov 2013	Other	4259934
Jeremy Simon Schein	Director	1 Oct 2014	Other	4835910
John L Castelly	Chief compliance officer	1 Jul 2015	Other	4911131
Paul Bergholm	Chief administrative officer	1 Jun 2016	Other	5861314
Jay Shah	Chief executive officer	1 Jul 2016	Other	5859189
Michael William Armsby	Chief financial officer	1 Jul 2016	Other	6692232
A. Allison Amadia	General counsel & cco	1 May 2018	Other	7069901
Craig Alan Birk	Chief investment officer	1 Aug 2018	Other	5838518
A. Allison Amadia	Chief compliance officer, general counsel	1 Apr 2019	Other	7069901

Indirect Owners

The SEC currently registers 2 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Lp Institutional Venture Partners Xii	Shareholder	1 Jun 2010	25% - 50%	20-8991297
Institutional Venture Partners	Shareholder	1 Jun 2010	50% - 75%	20-8991297

Based in San Francisco

The principal office where Personal Capital Advisors Corporation performs its advisory services is located at 250 Montgomery Street, San Francisco, CA 94104, which is also the mailing address of the firm. An additional office of the firm is in Denver, CO. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 415-800-5922 or by fax 650-362-1871. The normal business hours are 6:00 a.m. - 6:00 p.m. pacific time on Monday - Friday. You can find more information about the New York firm at personalcapital.com.