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Financial Planning

Digital wealth firms react to an endangered fiduciary rule

By Sean Allocca

After a federal court struck down the Labor Department’s revised fiduciary rule, the digital wealth management industry’s top chiefs are speaking out.

The decision is not only a step backwards for the industry, but attacks millions of hard-working retirement savers, says Betterment CEO Jon Stein. “Once again, Wall Street firms have won at the expense of the individual investor,” he says.

Read the Original Article

This article originally published March 16th, 2018 on Financial Planning

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