NextCapital, the Chicago-based software firm that providesmanaged account platforms for 401(k) plan providers, isn’t waitingfor the Department of Labor to finalize its proposed fiduciary rule.
This week, the firm announced a new partnership with PershingAdvisor Solutions, the arm of BNY Mellon that provides custody,investment, and technology solutions to RIAs and wealthmanagers.
The new deal will give retail advisors access to the automatedadvice NextCapital’s technology provides for 401(k) participants.
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