Betterment for Business, the digital advisor’s division serving 401(k) retirement plans, has added a former Labor Department official and BlackRock strategist to his advisory board.
(Related on ThinkAdvisor: Killing Fiduciary Rule Seen as New DOL Chief’s Top Priority)
Judy Mares was a deputy assistant secretary for policy in the Labor Department’s Employee Benefits Security Administration and a member of the leadership team that developed the department’s fiduciary rule guidance on ESG investing and shareholder engagement among other initiatives.
Laraine McKinnon most recently served as the retirement readiness strategist at BlackRock, where she worked for over two decades and built and delivered defined contribution tools and analytics supporting financial advisors as well as senior finance and HR executives.
“Their deep expertise in the defined contribution space and strong advocacy for retirees will help further our mission to empower people to take control of their financial futures and make the most of everything they earn,” said Cynthia Loh, general manager of Betterment for Business, in a statement.