NextCapital co-founder Rob Foregger recently stepped back from the company.
Foregger, who led the establishment of the fintech firm in 2013, left his day-to-day responsibilities at the company in May but is still a shareholder, he confirmed via LinkedIn.
“I am still a senior adviser, cheerleader and significant shareholder,” he said. “I am taking a little sabbatical, having co-founded three companies over the past two decades. In addition to spending more time with my family, I intend to do some advisory/board level work, as well as help some younger fintech companies.”
A NextCapital company spokesperson also confirmed the move.
The company, which has raised more than $82 million in funding since 2014, according to Crunchbase, has numerous deals for managed account services with financial firms, including Resources Investment Advisors, Ascensus, Fisher Investments, Franklin Templeton, John Hancock, MassMutual, Newport Retirement Services, Russell Investments, State Street Global Advisors and Transamerica.
In addition to his work at NextCapital, Foregger is also a co-founder of Personal Capital, which last year was acquired by Empower Retirement.
Nine-month electronic trading freeze and share lending program at the center of dismissed claim.
Meanwhile, Rossby Financial's leadership buildout rolls on with a new COO appointment as Balefire Wealth welcomes a distinguished retirement specialist to its national network.
With a smaller group of companies driving stock market performance, advisors must work more intentionally to manage concentration risks within client portfolios.
Professional athletes are often targets of scam artists and are particularly vulnerable to fraud.
The brokerage giant tells Wall Street it will use artificial intelligence to reach clients it has never been able to serve — and turn the technology's perceived threat into a competitive edge.
As technical expertise becomes increasingly commoditized, advisors who can integrate strategy, relationships, and specialized expertise into a cohesive client experience will define the next era of wealth management
Growth may get the headlines, but in my experience, longevity is earned through structure, culture, and discipline
