The raise of $50 million from a round led by BBVA Ventures, the private equity subsidiary of Spanish multinational bank Banco Bilbao Vizcaya Argentaria S.A., put it into the big three with Wealthfront Inc. and Betterment for having more than $100 million in backing. So if it’s being shopped then it’s the first time one of these super robos has given up on the dream of an initial public offering. BBVA, which, according to CrunchBase, has $100 million total invested in it, has many an egg in the Personal Capital basket. Jay Reinemann, a former VISA executive, is the director assigned by BBVA to observe Personal Capital. See: Thoughts on 'robo-advisors’ served cold, compliments of Kitces and Waymire. In addition to being for sale, Personal Capital is also seeking new private equity investors.

http://www.riabiz.com/a/4951100507553792/amid-growth-slowdown-personal-capital-lists-an-investment-bank-but-critics-debate-whether-it-means-blood-in-the-water