Empower Retirement’s purchase of digital advice firm Personal Capital stands to bring the 401(k) provider fully into the financial wellness business, which could help it retain rollover assets. GREENWOOD VILLAGE, Colo.--(BUSINESS WIRE)--#401k--Empower Retirement today announced the completion of its acquisition of Personal Capital, following the receip "We are delighted to consummate our combination with Empower … Empower Retirement, the nation’s second-biggest retirement plan record keeper (Fidelity is No. Empower Retirement ("Empower"), the nation’s second-largest retirement services provider, 1 and Personal Capital, a digital-first registered investment adviser and wealth manager with award-winning financial tools, today announced that they have entered into a definitive agreement for Empower to acquire Personal Capital. Empower Retirement ("Empower"), the nation’s second-largest retirement services provider, 1 and Personal Capital, a digital-first registered investment adviser and wealth manager with award-winning financial tools, today announced that they have entered into a definitive agreement for Empower to acquire Personal Capital. Empower Retirement will buy digital advice company Personal Capital in a deal that could provide a pipeline of clients to Personal Capital from the retirement plans serviced by Empower. It will also pay up to $175m for planned growth. For Personal Capital, Empower provides easy access to 10 million potential clients. Personal Capital CEO Jay Shah will serve as President of Personal Capital, reporting to Empower CEO Edmund F. Murphy III, and will be a member of its executive team.A joint team from both enterprises will work together to integrate the Personal Capital and Empower offerings.. Personal Capital CEO Jay Shah will serve as President of Personal Capital, reporting to Murphy and will be a member of its executive team. Empower’s purchase of Personal Capital also continues a string of FinTech acquisitions seen so far this year. Personal Capital leaned on its brand and high rate of growth to land its coveted $1bn valuation from Empower Retirement, industry watchers said. Personal Capital, an Empower Company General Information Description. Personal Capital will be branded as “Personal Capital, an Empower Company” and will continue to provide its award-winning financial tools and investment solutions to its clients. Perhaps the most notable of these was the announcement that Intuit would be buying Credit Karma for the price of $7.1 billion. Empower Retirement (“Empower”), the nation’s second-largest retirement services provider, 1 and Personal Capital, a digital-first registered investment adviser and wealth manager with award-winning financial tools, today announced that they have entered into a definitive agreement for Empower to acquire Personal Capital.. Personal Capital. Take control of your money now with Personal Capital. Empower Retirement plans to integrate the technology and advice tools of Personal Capital to become an end-to-end advice provider. Personal Capital, an Empower Company and industry-leading digital wealth management company saw the news and today announced a partnership with … This is a significant milestone for the future of our business, for all those who use our award-winning financial tools, for our clients, and for our employees. This press release features multimedia. Featured individuals are actors or paid spokespeople and not clients of PCAC. 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