NextCapital’s platform will become part of Goldman Sachs Asset Management’s Multi-Asset Solutions (MAS) business, and the company’s team of over 150 professionals has joined the firm. The transaction will accelerate the expansion of Goldman Sachs’ services to the growing defined contribution (DC) retirement market through personalized managed accounts and digital advice.
“Individuals saving for retirement are confronting market volatility and higher inflation that impacts their spending needs and investment returns. Many investors want personalized planning and managed account solutions that can recalibrate asset allocations and contribution strategies to reflect changing markets and participant circumstances over time,” said Luke Sarsfield, Co-Head of Goldman Sachs Asset Management. “We look forward to combining our expertise and resources with NextCapital in the DC market as we seek to improve future plan design and participant outcomes.”