NextCapital provides institutions with an integrated, end-to-end platform for delivering and administering automated financial advice to investors – including holistic portfolio tracking, planning, savings advice, and portfolio management.
Alois Pirker, Research Director of Aite Group, added, “John Hancock’s forward-thinking embrace of digital advice will be instrumental in growing retirement market share in the coming decade. As important, digital advice is strategically key for firms seeking to scalably implement the new DoL Fiduciary Rule requirements.”
“John Hancock is aligned with NextCapital’s vision of providing a seamless digital retirement advice solution across 401(k) and rollover channels,” said John Patterson, CEO of NextCapital. “We are excited to help John Hancock scale the distribution of their proprietary investment methodology.”
NextCapital enables institutional partners to rapidly and cost-effectively bring to market a full-stack digital advice solution that is specifically built to support the demanding configuration requirements of large institutions. Features include:
- Custom user experience and ongoing engagement
- Proprietary or third-party investment methodology
- Self-service and advisor-assisted service models
- Multi-channel supporting 401(k), IRA, and retail brokerage accounts
- Integrations with 401(k) recordkeeping systems and retail custodians
NextCapital and John Hancock will be rolling out this new digital advice solution across the John Hancock Retirement Plan Services business in a phased approach over the coming 12 months.
Posted by: The Trust Advisor