August.31.2022
Orrick advised NextCapital Group, an open-architecture digital retirement advice provider based in Chicago, on its acquisition by Goldman Sachs. NextCapital’s disruptive financial solutions platform joins Goldman Sachs’ Asset Management’s Multi-Asset Solutions business and aims to fast-track the development of Goldman Sachs’ services to the defined contribution retirement market by way of digital advice and personalized managed accounts.
Together, they will deliver customized retirement planning and managed accounts to individual investors through workplace retirement plans and individual retirement accounts by partnering with financial institutions across the United States.
The Orrick team advising NextCapital included Tony Chan, James Larkin, Brian Blood and Mya Johnson.