Personal Capital opens Denver office, projects 100 employees by 2015

Based in Redwood City, California, wealth management startup Personal Capital has opened an office in the Central Business District with a forecast for a staff of more than 100 in two years.

"It's open for business," says COO Jay Shah of the office at Denver Place (999 18th St.). "We've got a double-digit headcount and the rocket ship is lit."

Personal Capital offers apps that complement its financial advisors' skills to offer wealth management for "the underserved middle" -- people with a net worth of roughly $100,000 and up. Founded in 2009 and launched in 2011, the company calls its model "digital wealth management."

Shah says the company picked Denver for its third office -- after Redwood City and San Francisco -- based on the talent pool. "As soon as it was time to scale, we wanted to go to a place where we could attract talent, and Denver definitely has that trait." He also points to a "great concentration of CPAs and licensed wealth management professionals."

There are currently "at least a handful" of open positions in Denver, adds Shah, and he says he expects hiring to accelerate in 2014. "We just hired a full-time recruiter in Denver," he says.