Personal Capital keeps hiring move-the-needle executives, but the growth rate -- enviable to many -- is still pretty flat, if an IPO is in its future

It will be interesting to observe what the client demand is for Mega - RIAs moving forward. There are some benefit to big, but there are some drawbacks also. I'm not sure that HNW clients want to see the names of Independent RIAs on the sides of blimps and stadiums. I've always seen that part of the allure is in the heritage of RIAs and the "Boutique" aspect. There is a lot of value in Boutique that is fairly straightforward for folks to understand. I looked up Boutique in Websters dictionary: <a href="https://www.merriam-webster.com/dictionary/boutique" rel="nofollow">https://www.merriam-webster.com/dictionary/boutique</a> a small company that offers highly specialized services or products boutique wineries an independent investment boutique I think the challenge is achieving desired growth while still maintaining some of the unique value propositions that come with being Boutique and Independant.

Maybe they should focus on making the product work first. My accounts stopped linking months ago and support has yet to provide me with an answer

Explored them as an option for wealth management after being satisfied with their financial dashboards. They were unable to answer questions, and unwilling to disclose to me what investments they would be making until after I handed over a 600k 401k account. Sorry, I am the customer. You need to earn my trust and not the other way around.

If they had $8B on 12/31/2018, and a normal globally diversified portfolio is up 20% in 2019, then the market grew AUM to $9.6B - so $1.6B of growth was not from their marketing efforts. "We’ve grown by over $3 billion to more than $11 billion since year end 2018," he says. "In a word, our strategy is: grow."