Now there’s a robo for rollovers.
Chicago-based John Hancock Retirement Plan Services announced on Tuesday a partnership with NextCapital, also based in Chicago, to offer automated investment advice to its 401(k) and IRA rollover business.
The partnership is NextCapital’s first venture into the IRA space. In the past, institutions and individual investors have used NextCapital’s platform to serve brokerage and defined contribution plan accounts with digital advice including portfolio tracking, planning, savings advice and portfolio management.
“We wanted one holistic, seamless platform across all of these channels,” says NextCapital co-founder Rob Foregger. “Historically, if you were in a plan and decided to rollover into an IRA, the advice would start to change.
Source: FA Magazine