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Digital Wealth Management
NextCapital Overview
Landscape Category(s)
Digital Retirement
Solution Providers
B2B Digital Wealth
Management / White
Label Solutions
CEO:
Headquarters:
Company Overview
John Patterson
Chicago, IL
Founded: 2013*
Approach:
Description:
Team:
Enterprise digital advice
NextCapital partners with world class
institutions to deliver personalized planning
and managed accounts to individual
investors across 401(k) and retail channels
NextCapital was founded by fin-tech
pioneers responsible for building the first
401(k) managed accounts platform, one of
the first online banks, and the first digital
wealth manager
Products & Services Overview
• Partner Need - NextCapital enables institutional partners to costeffectively
bring to market a full-stack digital advice solution, fully
configurable to each partner’s needs:
- Custom user experience
- Proprietary or third party investment methodology
- Self-service and advisor-assisted service models
- Multi-channel – supporting 401(k), IRA, and retail
- Integrations to 401(k) record keepers and retail custodians
• Consumer Need – NextCapital provides investors with an
integrated platform for automated personal financial advice across
401(k) and retail accounts:
- Holistic portfolio tracking (account aggregation)
- Comprehensive planning
- Savings advice
- Portfolio management
Partners:
Includes Russell Investments &
Transamerica
*Predecessor company, BusinessLogic, founded in 1998
Financing History
Date Size ($ mm) Investor(s)
12/17/15 $16
07/29/14 6
AllianceBernstein; Manulife Financial
Corporation; Route 66 Ventures
Transamerica Ventures; Russell
Investments; Kelvingrove Partners;
Vermont Seed Capital Fund; FinTech
Collective
Source: Company website, LinkedIn, CrunchBase, PitchBook.
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