NextCapital
NextCapital, headquartered in Chicago, provides personalized retirement plans and digital advice solutions, now operating as part of Goldman Sachs Asset Management's Multi-Asset Solutions business following its acquisition on August 26, 2022.
Company Overview
NextCapital specializes in providing personalized retirement plans for both workplace plan participants and retail investors. With an emphasis on delivering digital advice solutions, the company collaborates with financial services firms to offer scalable solutions tailored to meet specific investor needs and partner goals. NextCapital's services include retirement readiness assessment, savings advice, personalized portfolio management, and actionable steps for financial improvement. The company's headquarters are located at 104 S. Michigan Ave, Suite 1400, Chicago, IL 60603.
Services
NextCapital offers a comprehensive range of services focusing on personalized retirement planning. These services include retirement readiness assessments, which help clients understand their preparedness for retirement. Additionally, the company provides savings advice and personalized portfolio management, helping clients optimize their investments. NextCapital also offers actionable steps for clients to improve their financial standing. The company delivers scalable solutions for workplace plans, rollovers, and retirement income, which are customized to meet the needs of each partner.
Digital Advice Solutions
NextCapital collaborates with financial services firms to deliver robust digital advice solutions. By integrating with custodial and recordkeeper systems, NextCapital can offer configurable solutions that align with both investor needs and partner objectives. These digital services are designed to be scalable, ensuring they can effectively support workplace plans, rollover strategies, and retirement income plans. This integration helps financial services firms provide tailored, effective retirement planning options for their clients.
Acquisition by Goldman Sachs
On August 26, 2022, NextCapital was acquired by Goldman Sachs. Post-acquisition, NextCapital became a part of Goldman Sachs Asset Management's Multi-Asset Solutions business. This acquisition is aimed at enhancing Goldman Sachs' capabilities in delivering personalized retirement plan solutions. The integration of NextCapital's services into Goldman Sachs' existing framework is expected to provide clients with more comprehensive and effective retirement planning and digital advice solutions.
Headquarters
NextCapital's headquarters are located at 104 S. Michigan Ave, Suite 1400, Chicago, IL 60603. The company operates from this central location, providing personalized retirement plans and digital advice solutions to clients and partners globally. This strategic location supports NextCapital's ability to collaborate with various financial services firms and deliver tailored retirement planning services.