Personal Capital, PeerStreet Announce Integration

By Danielle Andrus

August 01, 2017 at 11:42 PM

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Real estate investment platform PeerStreet announced Tuesday that it has integrated with robo-advisor Personal Capital.

Personal Capital and PeerStreet customers will be able to see their real estate investments as part of their Personal Capital investment portfolio.

PeerStreet lets users select individual loans to build their own portfolio of real estate investments, or set investing parameters and let the platform's automated investing tool allocate their funds for them.

PeerStreet integrated with Wealthfront in May, following an integration with Betterment in March.

Brett Crosby, co-founder and COO of PeerStreet, noted that the new integration is the result of customers' requests.

"We're always working to improve the experience for our customers and provide greater control and transparency," Crosby added in a statement. "The more people can see how their PeerStreet account is performing compared to other investments, the more they can make informed decisions about where to invest money in the future."

Personal Capital utilizes Envestnet | Yodlee's Data Aggregation Platform. The robo-advisor announced in April that COO Jay Shah would replace founder Bill Harris as CEO. Harris, who serves as chairman of Personal Capital, told ThinkAdvisor in April that he would be focusing on strategy for the firm, developing new product areas and expanding the business.

Personal Capital has $4.9 billion in assets under management, with 1.4 million registered users.

— Read Personal Capital Has a New CEO on ThinkAdvisor.

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