Indeed, as Rob Foregger, co-founder of Next Capital, recently told PLANADVISER, the Folio acquisition is far from the first to be made in recent years by Goldman Sachs in the area of financial services technology. He said he sees Goldman Sachs’ technology acquisition and innovation strategy as 'part of one of the biggest but somewhat overlooked financial news stories going on right now.'
By leveraging NextCapital’s technology, MassMutual can provide customized solutions for different firms. These firms can include their own investment selections, choose varying levels of advisory interaction and choose their fiduciary role.
Massachusetts Mutual Life Insurance Co. teamed with fintech firm NextCapital Advisers to introduce a new managed advice solution that the companies said enables greater personalization of investment strategies for advisors and their clients with MassMutual retirement plans.