SOURCE: NextCapital

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August 17, 2016 10:00 ET

NextCapital's Growth Continues With Move to Historic Chicago Monroe Building

Financial Software Company Continues Robust Growth and Attracts Top Regional Talent

CHICAGO, IL--(Marketwired - August 17, 2016) - NextCapital, the leading provider of enterprise digital advice, today announced it has completed its move to its new headquarters in downtown Chicago. As new tenants of the historic Monroe building, the move reflects NextCapital's robust growth and continued intent to attract top software designers and developers in the region. The company completed an $18 million Series B financing in 2015 and has since been accelerating the expansion of its digital advice platform.

"Chicago is on its way to becoming the next hub of innovation, due to the higher education system and technology infrastructure in the region," said John Patterson, CEO of NextCapital. "Just as Chicago is reinventing itself, NextCapital is reinventing how people manage their money through digital advice solutions. We're energized and ready to begin our next chapter."

In partnership with large financial services companies, NextCapital helps bring financial wellness to all Americans with an integrated platform that delivers automated personal financial advice -- including holistic planning, savings advice, and portfolio management.

The company has been using its recent funding to build its workforce. With 37 new employees since the beginning of this year, NextCapital has doubled its size. The firm also hired 11 Chicago interns for this summer. NextCapital looks to continue to expanding through the end of the year, seeking positions in software development, financial engineering, product development & portfolio operations.

NextCapital will occupy a 14,724 square foot space on the 14th floor of the newly restored Monroe building, which is located at 104 S. Michigan avenue, across the street from Millennium Park and a block off of Chicago's lakefront trail. The landmark Monroe building is a 16-story terra cotta skyscraper that first opened in 1912. Today the its gorgeous facade and lavish interior are a true gateway to all that Chicago has to offer. NextCapital's offices are designed as an open space with breakout rooms and teaming areas available for small groups to gather and collaborate.

Based on the rapid adoption of digital advice solutions, NextCapital has built considerable momentum in recent years. The company has partnered with Russell Investments, Transamerica, and Pershing, a BNY/Mellon company, to deliver automated solutions to their clients. NextCapital provides investors with an integrated platform for automated personal financial advice that includes comprehensive planning, savings rate advice, portfolio management, and holistic portfolio tracking (account aggregation).

About NextCapital Group

NextCapital is the leader in enterprise digital advice. NextCapital partners with world class institutions to deliver personalized planning and managed accounts to individual investors across multiple channels including 401(k), IRA, and taxable brokerage accounts. Our open-architecture digital advice solution provides integrated account aggregation, analytics, planning and portfolio management, and allows partners to customize advice methodology and fiduciary roles. NextCapital powers digital advice strategies for leading world-class brands such as Russell Investments and Transamerica. See NextCapital's available positions at https://www.themuse.com/jobs/c-nextcapital-jobs.

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