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Personal Capital CEO Speaks Up About the Company’s Acquisition

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If you missed the news earlier this week, here’s a recap: Personal Capital agreed to be acquired by Empower Retirement, the second-largest retirement services provider in the United States, for up to $1 billion, composed of $825 million on closing and up to $175 million for planned growth.

According to Forbes, the San Francisco-based fintech is selling for the same price as its valuation in February 2019. The deal is expected to close in the second half of this year.

After a bit of time to digest everything, Personal Capital CEO Jay Shah looked at the decision and what it means for the eleven-year-old company. Shah has been at Personal Capital since the company’s launch in 2009 and will now serve as President of Personal Capital and will also sit on the Executive Team at Empower.

Shah explained that, though many companies have expressed interest over the years in acquiring Personal Capital, none of the opportunities felt right. However, because Empower shares many of Personal Capital’s same “visions and values.”

He went on to describe how, in today’s uncertain world, the buy-out “will ensure extra strength and resources to grow Personal Capital, and bring [clients] more of the great technology and service [they’ve] come to expect. He added that combining the two companies will help Personal Capital support and further develop its features and service offerings.

As for what’s next, Shah said that Personal Capital will continue to operate as it always has. And because the company’s leadership team has committed to stay on for the long-term, the company’s culture will stay in-tact. “I recognize that this announcement feels like a major change, but I also want to assure you that your day-to-day experience with Personal Capital will remain the same,” he added.


Photo by Oleg Laptev on Unsplash

Source: https://finovate.com/personal-capital-ceo-speaks-up-about-the-companys-acquisition/

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“SilverRail Technologies is disrupting to the transport industry and we see the impact when entrepreneurs bring a new model to market. The guys at Australian FinTech are close to the dynamics of the finance space, keeping an eye on the next disruption.”

Source: https://australianfintech.com.au

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Duena Blomstrom

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INTERNATIONAL KEYNOTE SPEAKER, AUTHOR, INFLUENCER, CREATOR OF EMOTIONAL BANKING™, FOUNDER and CEO of PeopleNotTech

Duena is the author of the book “Emotional Banking: Fixing Culture, Leveraging FinTech and Transforming Retail Banks into Brands”. She is a serial entrepreneur and intrapreneur, a mentor for start-ups, a LinkedIn Top Voice, named an industry influencer in most lists, a Forbes contributor, a blogger with cutting-edge, unconventional and unapologetic opinion style, an international keynote speaker at industry events, the inventor of the EmotionalBanking™ and MoneyMoments concepts and the Co-Founder and CEO of PeopleNotTech Ltd – a software solution provider revolutionizing the organizations of companies that need to use technology and new ways of work focused on the concept of Psychological Safety in high performing teams.

Over the past 18 years, Duena has worked with multiple large organizations in particular banks, be it to assist them in their digital strategy or to help them transform. With a background in Psychology as well as Business, Duena is on a crusade to see lasting, meaningful and profound change in the way organizations work. In banks’ case this means she is intensely passionate about getting them to embrace the concept of “Emotional Banking” -or how to redesign around Money Moments not financial products- but is chiefly working with various organisations on deep cultural change programs that enable them to become true technology driven, leverage Agile and put Experience at the heart of the proposition to build strong brands that deliver by focusing on their people.

Duena delivers different, entertaining, engaging and thought-provoking keynotes internationally and occasionally leads panels and fireside chats on topics ranging from FinTech, Digital, CX and Innovation to the bigger themes of the Future of Work, Technology, Psychological Safety and Agile as they reflect in Employees Engagement and Organizational Psychology and Design and has a strong following of 200k+ subscribers and followers on Twitter and LinkedIn.

Cover of book Emotional Banking - Fixing Culture, Leveraging Fintech, and Transforming Retail Banks into Brands by Duena Blomstrom
Click here to read more from Duena on Forbes.com

LATEST BLOG POSTS

TESTIMONIALS

“Duena always has new, fresh and thought provoking content!”

“We had Duena as our Keynote Speaker twice – there was never a bored face in the audience and the feedback reflected that”

“Duena was a keynote speaker at our annual conference and our audience loved her! Both Duena and her team are the utmost professionals and it was a pleasure to deal with them for the preparation of her visit“

“Both chairing a panel and as a keynote speaker, Duena has delivered. Delegates came interested and left fascinated. Looking forward to working together again.”

“Our board had executive briefing fatigue and we searched for the most innovative content and most comprehensive expertise packaged in a dynamic way which is what we found with Duena Blomstrom’s presentation.”

TOPICS DUENA SPEAKS ABOUT

BANKING AND FINTECH:

  • “How to put Emotion back in Banking and create true Money Moments™”
  • “Emotional Banking™- Financial institutions need to investigate customers’ feelings about their money and they need to do it NOW”
  • “FinTech – not the cure-all it says on the box”
  • ”Everyone is a Challenger when you’re a bank” – GAFA, digital experiences, Open banking and the unhappy consumer

FUTURE OF WORK AND TECHNOLOGY:

  • “#VUCA is here: will you bend and win or break and vanish?”
  • “Psychological Safety – Silicon Valley’s Secret Sauce”
  • “Team = Family. Psychologically Safe teams can make magic and move mountains together.”
  • “Servant Leadership and The Emotionally Intelligent Leader”
  • “What are you afraid of? – Impression Management and the fear of appearing incompetent, intrusive, negative or ignorant stops us from being courageous and speaking up at work”
  • “DevOps is the future of HR”
  • “Wake up or rest in peace” – Companies winning today use technology and work in different new ways that make them money and their employees happy. Everyone else is still in the 60s structure of paper-pushing offices. Change or face extinction.

AGILE:

  • “You can’t have the WoW without the WoT – Succeed with Agile only if you change mentalities”
  • “Agile as a religion not a re-org exercise”;
  • “Technology is meaningless and customer-centricity dead without Agile”
  • “Digital Excellence and Innovation – It’s all about the People, not the Tech”
  • “Agile from the heart not a consultancy PowerPoint”
  • “Knowledge, Passion, and Courage – Sine qua non conditions to utilizing Tech and making your Digital customers happy”
  • “Time to ditch Agile “transformations”

BOOK DUENA TODAY

RECENT TALKS

BANKING: MONEY 20/20: https://youtu.be/TzNq5AS4ems

FUTURE OF WORK: SIBOS Future of Work Panel: https://www.youtube.com/watch?v=IC0YI8mQSlM&feature=youtu.be&fbclid=IwAR00JUGgWGhfm1effIBCj2TR3vhCQQVCREZQjYux0RNRa-3aVLPYSafQZu8

BANKING: Design and EMOTIONAL BANKING: https://www.youtube.com/watch?v=h8o9yJ3InYU

AGILE AND PEOPLE

LUXEMBOURG: It’s all about the people, not the technology

Fireside chat about People and Security: https://ytcropper.com/cropped/rR5c0a64d960449

Interview about Emotional Banking:
https://www.finbizness.com/2018/11/26/banks-use-tech-to-design-customer-experience-but-ignorant-of-human-feelings-duena-blomstrom/

Webinar: https://www.brighttalk.com/webcast/13689/303693?utm_campaign=knowledge-feed&utm_source=brighttalk-portal&utm_medium=web

Interview: https://www.youtube.com/watch?v=se3tQSaH-a0&t=839s

BBC Interview: https://drive.google.com/file/d/1d9aTwXlKEZbjjXsLwXeGVXg4VgvpqYnX/view?usp=sharingLatest Breaking Banks: Minute 19:50 to 43:23 – https://drive.google.com/file/d/1z6VD0z1g2NXf11gz8Qx8rhwolypXJWl3/view?usp=sharing

To have Duena delight your audience email BOOKINGS@DUENABLOMSTROM.COM

Source: https://duenablomstrom.com

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