Facet vs Principal Financial Group
Side-by-side comparison of AI visibility scores, market position, and capabilities
Facet is a fintech financial planning company that pairs clients with dedicated CFPs under a flat-fee membership model; raised $232M+ total including a $100M round in 2022 and a $35M extension; serves clients nationally via CFP-led virtual advisory;
About
Facet is a financial technology company founded in 2016 and headquartered in West Palm Beach, Florida. The company is reimagining financial planning as an accessible, ongoing service for everyday Americans — not just the ultra-wealthy who can afford traditional wealth management minimums. Facet pairs each client with a dedicated Certified Financial Planner (CFP) who provides comprehensive, personalized financial planning across budgeting, retirement, tax strategy, estate planning, insurance, and investment management, all delivered virtually through an annual membership model with flat-fee pricing rather than percentage-of-assets fees.
Des Moines retirement and asset management (NASDAQ: PFG) at $16.13B 2024 revenue (+18%), $753B AUM; new CEO Deanna Strable (Jan 2025), Ascensus ESOP acquisition (2024), $1.7T AUA competing with Empower for mid-market 401(k).
About
Principal Financial Group, Inc. is a Des Moines, Iowa-based financial services company — publicly traded on NASDAQ (NASDAQ: PFG) as an S&P 500 Financials component — providing retirement savings, asset management, and group insurance and benefits to 61 million customers worldwide through approximately 20,000 employees with $753 billion in assets under management (AUM) as of Q2 2025, $1.7 trillion in assets under administration, and $16.13 billion in 2024 annual revenue (up 18% year-over-year) with net income of $1.57 billion. Founded in 1879 as The Bankers Life Association by Edward Temple and Simon Casady to provide affordable life insurance to Iowans, Principal demutualized and completed its IPO in 2001. Deanna Strable became President and CEO in January 2025 (succeeding Dan Houston), with Joel Pitz named CFO. Principal operates through three segments: Retirement and Income Solutions (RIS — 401(k), 403(b), defined benefit plans, nonqualified executive benefits, pension risk transfer, and individual retirement products), Principal Asset Management (equity, fixed income, real estate, and alternative investments for institutional clients), and Benefits and Protection (group dental, vision, life, and disability insurance). Key acquisitions include AFP Cuprum (Chilean pension, $1.5B, 2012), Wells Fargo's institutional retirement and trust business ($1.2B, 2019, adding 401(k)/pension/ESOP plans), and the 2024 agreement to acquire Ascensus's ESOP business (800 plans, 165,000+ participants). Principal's market capitalization stands at approximately $18.3 billion.
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