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.
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