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.