Digital wealth management startup Personal Capital has raised $50mn in a series F round; the fundraising was led by IMG Financial and reportedly values the firm at more than $600mn; they plan to use the capital to grow the advisory business, strike new partnerships and move into new segments of the market; “In this year, we’ll use this capital to go deeper into the core business that we built,” CEO Jay Shah in an interview with Business Insider. “And when I say that, I’m referring to the digital wealth management directed at consumer platform. Source.
