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Goldman Sachs closes deal for NextCapital to extend a tentacle into the 401(k) market and yank out 'a thorn in the side of the retirement industry'

The New York City bank now owns a unit that had slowing growth pre-deal but may face fresh headwinds carrying the baggage of its new owner.

Author Brooke Southall August 30, 2022 at 1:07 AM
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Greg Calnon: NextCapital brings a creative spirit.

401(k) Stories


Brian Murphy

Brian Murphy

August 30, 2022 — 10:06 PM
Goldman will likely integrate w/ it's own offering. Given that they don't custody 401(k)s it's hard to make the case that they will funnel assets into their own products through NextCapital. The opportunity is bigger than asset management sales, it's about influencing the end client (employees) throughout their entire lifecycle and gaining access to data.

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