BRIEF-IGM Financial closed $50 mln investment in Personal Capital Corp

Thu May 19, 2016 7:36am EDT
 
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May 19 (Reuters) - Igm Financial Inc

* Igm financial inc. Invests in market-leading u.s. Digital wealth advisor personal capital

* Has closed a $50 million investment in personal capital corporation

* Investment with an agreement to invest an additional $25 million in next year for a total of $75 million

* Agreement would result in an initial 10% ownership stake increasing to 15% within 12 months Source text for Eikon: Further company coverage: (Bengaluru Newsroom: +1-646-223-8780)