Betterment continues its transformation into a traditional financial services provider. The robo advisor, which used to take a much more aggressive stance against incumbent Wall Street firms, announced Wednesday that it will now offer a smart beta portfolio from Goldman Sachs Asset Management and an income-based strategy from BlackRock. ... Millennials Love ETFs It seems that younger investors have taken quite a liking to exchange traded funds, more so than older counterparts. Charles Schwab recently released the results of an annual study that found 56 percent of millennial investors see ETFs as their investment of choice. ... Connecticut Union Targets the Wealthy A labor union in Connecticut has created a television ad calling on the wealthy to pay their fair share and suggesting higher taxes for the rich. According to WSFB.com, the commercial from SEIU 1199 and produced by Metro Square Media features CareCentrix CEO John Driscoll calling on legislators to "ask millionaires and corporations to pay their fair share." ...
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