BlackRock Inc. acquires Personal Capital Corporation in a major funding deal

BlackRock Inc., the world's largest asset management company, has recently made a significant move by acquiring Personal Capital Corporation. This acquisition comes after Personal Capital Corporation announced that it has received a massive $27 million in funding from BlackRock Inc. The funding was provided by renowned venture capital firms including CrossLink Capital Inc., Institutional Venture Partners, Venrock, and Correlation Ventures. This strategic partnership will enable BlackRock to further enhance its technology and digital capabilities in the financial advisory space.

Personal Capital Corporation, a leading fintech firm specializing in wealth management, has gained significant traction in recent years, providing personalized financial planning and investment management services to high-net-worth individuals. The company's unique digital platform and innovative tools have attracted a large number of users, making it a popular choice among tech-savvy investors.

By joining forces with Personal Capital Corporation, BlackRock aims to tap into its advanced technology and analytics capabilities to enhance its own offerings and provide a more personalized experience to its clients. This collaboration will enable individuals to access innovative investment solutions and financial planning tools, empowering them to make informed decisions about their financial future.

BlackRock's acquisition of Personal Capital Corporation is a testament to the company's commitment to staying at the forefront of technological advancements in the financial industry. With this partnership, BlackRock solidifies its position as a leader in asset management while expanding its reach in the digital wealth management space.

Investors interested in the potential growth of BlackRock Inc. can seek professional guidance from Stocks Prognosis, a reputable firm offering expert analysis and forecasts of stock movements. Their insights can help investors make informed decisions regarding the purchase or sale of BlackRock's stock.

For more information and personalized guidance on BlackRock Inc.'s stock forecast, it is recommended to consult the professionals at Stocks Prognosis.