Personal Capital, the leading digital wealth management firm, today announced IGM Financial Inc., a member of the Power Financial Corporation group of companies, has invested $50 million this week, with an agreement to invest another $25 million in the next year. This investment enables IGM Financial the opportunity to participate in the emerging digital wealth management industry in the United States.

The resulting valuation for Personal Capital is approximately double the valuation of the Series D round, at approximately $500 million.

Personal Capital's hybrid approach to wealth management - combining dedicated financial advisors with great customer-facing technology - is unique in the industry. The numbers demonstrate robust customer demand for this service: over 1 million individuals have signed up for Personal Capital's free online tools, tracking $239 billion, with $2.4 billion in assets under management. This investment will allow Personal Capital to scale the business and broaden its services to help even more families manage their complex financial lives.

'IGM Financial is the ideal investor,' said Bill Harris, CEO of Personal Capital. 'As one of Canada's premier personal financial services companies, we will benefit from IGM Financial's expertise in financial advice and asset management, coupled with deep understanding of its clients' needs. We are very excited to work with the IGM team.'

'I'm very enthusiastic about our investment in Personal Capital, and its highly experienced management team,' said Jeff Carney, President and CEO of IGM Financial Inc. who will be joining Personal Capital's Board of Directors. 'We believe the financial advisory landscape will be enhanced by the type of service that Personal Capital provides, and we're delighted to be backing the leader in digital wealth management.'

'Our approach allows people not only to manage their entire financial life through the mobile devices they carry in their pockets, but also to receive a level of personalized advice previously only available to the ultra-wealthy,' said Bill Harris, CEO of Personal Capital. 'Demand for our advisory services and tools is only growing, and we are excited to partner with IGM Financial and our current investors to help more people reach their long-term financial goals, whether that be starting a family, buying a home, or getting ready for retirement.'

Personal Capital's dashboard and financial tools are available for free to any user. Users can elect to become clients of Personal Capital's full suite of financial advisory services, including personalized investment portfolio construction that takes advantage of tax loss harvesting, proper asset location and disciplined rebalancing. Clients have access to a licensed financial advisory team, available to answer questions and advise on saving for a child's college, estate planning, home purchases, 401k allocation and more.

Evercore served as the exclusive financial advisor to Personal Capital in this financing.

For more information, visit: www.personalcapital.com.

About Personal Capital
Personal Capital is the smart way to track and manage your financial life. Personal Capital combines award-winning online financial tools that provide unprecedented transparency into your finances with personal attention from licensed financial advisors. The result is a complete transformation in the way you understand, manage and grow your net worth.

About IGM Financial Inc.
IGM Financial Inc. is one of Canada's premier personal financial services companies, and one of the country's largest managers and distributors of mutual funds and other managed asset products, with approximately $129 billion in total assets under management. Its activities are carried out principally through Investors Group through a network of approximately 5,300 Consultants, Mackenzie Financial Corporation through a diversified network of third-party financial advisors and Investment Planning Counsel through a network of financial planners who are dedicated to serving the needs of their clients.

About Power Financial Corporation
Power Financial Corporation is a diversified management and holding company that has interests, directly or indirectly, in companies in the financial services sector in Canada, the United States and Europe. The Corporation also has substantial holdings in a diversified group based in Europe.

Disclaimer: Personal Capital Advisors is an SEC registered investment advisor. Any reference to the advisory services refers to Personal Capital Advisors. SEC registration does not imply a certain level of skill or training.