John Hancock and NextCapital in Digital Advice Partnership

John Hancock and NextCapital in Digital Advice Partnership

Story written at PRN

NextCapital, the leader in enterprise digital advice, today announced a strategic partnership with John Hancock Retirement Plan Services to expand its automated retirement advice across its 401(k) and IRA rollover business.

"The NextCapital-John Hancock relationship continues our commitment to deliver holistic digital retirement advice," said Peter Gordon, CEO of John Hancock Retirement Plan Services. "We selected NextCapital as a technology partner because it has the ability to help us expand how we provide the next generation of high-quality, non-conflicted, personal advice," added Mr. Gordon.

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


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