BBVA, USAA and Power Financial are set to exit wealth management technology provider Personal Capital in an $825m transaction.

Retirement services provider Empower Retirement agreed yesterday to buy Personal Capital, a US-based digital wealth manager backed by financial services firms BBVA, USAA and Power Financial Corporation, for $825m. The deal will consist of $825m upfront, and Empower plans to commit up to $175m more in order to drive business growth. The deal remains subject…

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