Deals
Goldman Buys Robo-Adviser NextCapital in Retirement Expansion
David Solomon, chief executive officer of Goldman Sachs
Photographer: Bryan van der Beek/BloombergThis article is for subscribers only.
Goldman Sachs Group Inc. is buying retirement-advisory firm NextCapital Group as its expands its asset-management services.
NextCapital’s platform will allow Goldman Sachs Asset Management to augment its advisory services in the defined-contribution retirement plans through personalized managed accounts and digital advice, the New York-based bank said Tuesday in a statement. Terms of the deal, which is expected to be completed in the second half of the year, weren’t disclosed.