Goldman Sachs Asset Management to acquire NextCapital.

Goldman Sachs Asset Management, an investment fund, agreed to acquire NextCapital, an enterprise digital advice company headquartered in Chicago. Financial terms were not disclosed. "Employers are looking to provide their employees tailored solutions and customizable advice that can better support individual saving and investing needs to help improve retirement savings outcomes. We believe personalization represents the future of retirement savings and will drive the next wave of innovative retirement solutions. Together with NextCapital’s talented team, we will continue to invest in technology to improve the experiences and outcomes of retirement investors and better serve the employers, advisors and financial institutions that support the growing $10tn DC market and the even larger IRA segment," Luke Sarsfield, Goldman Sachs Asset Management Co-Head.