Asset managers are evolving from manufacturers of investment products toward advice manufacturing, a transition driven by the need for more personalized fiduciary investment advice, thinks NextCapital's Rob Foregger. (Photo: Shutterstock)

The Labor Department's fiduciary rule may have been pulled from the books in 2018, but automated investment platforms are still expected to play a growing role in the asset management and financial advisory industries in 2019, according to Rob Foregger, co-founder of Chicago-based NextCapital.

“Our belief in the need for the merger of fintech and the investment management industry will continue to grow in importance in 2019 and beyond,” said Foregger.

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Nick Thornton

Nick Thornton is a financial writer covering retirement and health care issues for BenefitsPRO and ALM Media. He greatly enjoys learning from the vast minds in the legal, academic, advisory and money management communities when covering the retirement space. He's also written on international marketing trends, financial institution risk management, defense and energy issues, the restaurant industry in New York City, surfing, cigars, rum, travel, and fishing. When not writing, he's pushing into some land or water.