Ex-PayPal, Intuit CEO Raises $25M For “Next-Generation” Financial Advisor

Personal Capital came out of stealth mode today to “create a new model for financial services” and announced that it has raised a total of $25 million in venture financing. The financing includes a Series A round led by Institutional Venture Partners and a Series B round led by Venrock with IVP also investing again.

The company isn’t quite ready to launch yet, as you can tell from its sparse website, but says it will soon be debuting a financial advisor that delivers personalized investment management, banking and personal finance services built around each customer’s unique and complete financial situation.

Personal Capital is led by private investor and former PayPal and Intuit chief exec Bill Harris (CEO), EverBank co-founder and former Fidelity Investments Personal Trust Company president Rob Foregger (chief strategy officer) and former E-Loan CIO Jay Shah (CIO).

The company is based in Redwood City, California.