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CBS Money Watch

“Robo” adviser aims to cut retirement-plan costs

By Liz Weston

An automated investing service plans to bring a cheaper, computerized product to the 401(k) market, but some industry observers predict the company, Betterment, faces an uphill battle to win over the small- and medium-sized businesses it seeks.

Betterment, which manages over $2.6 billion in individual accounts, accelerated its plans for a 401(k) offering after struggling to find an affordable retirement plan for its own employees last year, spokesman Joe Ziemer said.

Read the Original Article

This article originally published September 11th, 2015 on CBS Money Watch

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