Asset managers are evolving from manufacturers of investment products toward advice manufacturing, a transition driven by the need for more personalized fiduciary investment advice, thinks NextCapital's Rob Foregger. (Photo: Shutterstock)
The Labor Department's fiduciary rule may have been pulled from the books in 2018, but automated investment platforms are still expected to play a growing role in the asset management and financial advisory industries in 2019, according to Rob Foregger, co-founder of Chicago-based NextCapital.
“Our belief in the need for the merger of fintech and the investment management industry will continue to grow in importance in 2019 and beyond,” said Foregger.
NextCapital, a fintech “enabler,” provides bespoke automated investment platforms for asset managers for the purpose of delivering personalized fiduciary advice to 401(k) and retail investors.
Continue Reading for Free
Register and gain access to:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
Nick Thornton
Nick Thornton is a financial writer covering retirement and health care issues for BenefitsPRO and ALM Media. He greatly enjoys learning from the vast minds in the legal, academic, advisory and money management communities when covering the retirement space. He's also written on international marketing trends, financial institution risk management, defense and energy issues, the restaurant industry in New York City, surfing, cigars, rum, travel, and fishing. When not writing, he's pushing into some land or water.
