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What is the mission of NextCapital?
NextCapital's mission is to help everyone retire successfully.
Who is NextCapital?
NextCapital is a leader in enterprise digital advice® platforms. We enable top-tier institutions to deliver scalable personalized planning and managed accounts, both inside and outside 401(k) plans. Our open-architecture digital advice solution is designed to capture 401(k) auto-enrollment, IRA cross-over, and retirement income assets. We do this by providing integrated account aggregation, analytics, planning and portfolio management. The NextCapital platform powers digital advice strategies for top-tier institutions such as Russell Investments and Transamerica.
How long have you been around?
NextCapital, and our predecessor companies, have been providing secure, scalable financial software solutions to many of the largest asset management companies in the world since 1997.
IS NEXTCAPITAL AN INVESTMENT ADVISOR?
NextCapital investment portfolio tools are offered through NextCapital Software, Inc. ("NextCapital Software"). A non-discretionary advice offering (the "Non-Discretionary Advisory Service") is available through NextCapital Software's affiliate, NextCapital Advisers, Inc. ("NextCapital Advisers"). The Non-Discretionary Advisory Service is a complimentary service providing non-discretionary investment advice from NextCapital Advisers. The Non-Discretionary Advisory Service is available to any user of www.nextcapital.com who elects to enroll in the Non-Discretionary Advisory Service. NextCapital Advisers is an investment adviser registered with the Securities and Exchange Commission (SEC). NextCapital Software is not registered with the SEC as an investment adviser, and NextCapital Software does not provide investment advice.
WHY DID YOU BUILD NEXTCAPITAL?
We have been building sophisticated institutional investment software for nearly two decades. We built NextCapital because, as individual investors, we were very unsatisfied with the tools that existed to manage our own money. We figured that if we were unhappy, there must be many other individual investors that were just as unhappy.
WHO FOUNDED NEXTCAPITAL?
NextCapital was founded by John Patterson, Dirk Quayle, Jon Hagen, and Rob Foregger. Our founding team of fin-tech pioneers has 70 years of combined experience; we are responsible for building out the first automated 401(k) portfolio management platforms, the first electronic advisor, and one of the first online banks. Our founders previously co-founded BusinessLogic, EverBank.com, and Personal Capital.
HOW DOES NEXTCAPITAL CALCULATE RETURNS?
When calculating the return of your portfolio, NextCapital considers all of your transactions, including splits and dividends. NextCapital uses a time-weighted rate of return calculation. If you are interested in more details, please view the NextCapital return calculation overview.