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Business Insider

A hot investing startup wrote an open letter to Donald Trump, and is setting the stage for a battle on Wall Street

By Rachael Levy

Betterment, a startup that provides automated investing in index funds, is asking President-elect Donald Trump to leave in place a rule that’s meant to protect Americans’ retirement money from conflicted financial advisors.

The Department of Labor’s fiduciary rule, which takes effect in April, mandates that all financial advisors serve in their client’s best interest rather than their own. It is aimed at those who oversee retirement money.

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This article originally published December 5th, 2016 on Business Insider