Free for 90 days: Sign up now and get 90 days managed free after your first deposit. See offer details

Limited time offer: Sign up today and get up to 1 year managed free. See details

Get your next rollover managed free in 2018. Learn how to enroll

CNBC

Fiduciary rule is good for investors: Betterment CEO

By Krysia Lenzo

The new fiduciary rule announced Wednesday by the Department of Labor is a major coup for investors, said Jon Stein, founder and CEO of the robo-advisor Betterment.

“We support this rule for a lot of reasons. We’ve actually been engaged and involved with the Department of Labor and the OMB for awhile supporting this rule,” Stein told CNBC’s “Closing Bell” on Wednesday. “It’s an unambiguous public good. This is one of the most exciting things to happen for investors in 40 years.”

Read the Original Article

This article originally published April 6th, 2016 on CNBC