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Goldman Sachs Agrees To Acquire Chicago-based Fintech Firm NextCapital – $GS $DIA

By John F. Heerdink, Jr.

As per reports, Goldman Sachs Group, Inc. (GS) is set to acquire NextCapital, a Chicago-based fintech firm that provides automated advice to corporate retirement plan participants. The acquisition is among the top five asset management deals New York-based Goldman has done. The deal offers Goldman another tool to offer clients ways for employees to improve retirement outcomes. Founded in 2014, NextCapital recently raised venture funds in 2020 when it said it had a total of $85 million in funding. The terms of the deal remained undisclosed.

“Employers are looking to provide their employees with tailored solutions and customizable advice that can better support individual saving and investing needs. We believe personalization represents the future of retirement savings and will drive the next wave of innovative retirement solutions,” stated Luke Sarsfield, global co-head of Goldman’s asset management division.

The Goldman Sachs Group, Inc. (GS) is one of the world’s leading investment bankers & also a securities and investment management firm that offers a wide range of financial services with a diversified client base. To learn more about The Goldman Sachs Group, Inc. (GS) and to continue to track its progress please visit the Vista Partners Goldman Sachs Group, Inc. (GS), Coverage Page

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(Read Original Story: Goldman Sachs is buying corporate retirement plan robo-advisor NextCapital in CNBC)


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