Like other robo-advisors, clients are given a questionnaire regarding their risk tolerance and timeline to retirement. Using this information, NextCapital helps users determine an appropriate savings rate and asset allocation. Users can also aggregate all of their investment accounts with NextCapital to track them together.
The new advice solution will be rolled out over the next 12 months, says Gordon.
“We see this as a more sophisticated way of individualizing advice for a much larger population of people than our industry currently serves with customized advice,” Gordon says.