Can investors trust a robot to work in their best interest?
By Robert Powell
“(We) can absolutely be a fiduciary and we’ve been very vocal of our support,” said Joe Ziemer, vice president of communications at Betterment, who went on to note Senator Elizabeth Warren (D-Mass.) support of Betterment. Sen. Warren has been among the leading lawmakers supporting the Labor Department’s new conflict-of-interest rule, and the role robo advisers have in delivering advice to retirement account owners.