Employee Benefit Adviser
Breaking down the fiduciary rule’s impact on robo-advisers
By Phil Albinus
In the wake of the Department of Labor’s fiduciary rule that went into effect last week, all retirement investment advisers must work in the best interest of their clients. This even extends to robo-adviser firms, explains Seth Rosenbloom, general counsel of robo adviser firm Betterment. What follows is an edited version of the conversation.