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.
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