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Prudential, Morningstar Beat Robo-Adviser Lawsuit
Bloomberg BNA
Mar. 20, 2018
"The lawsuit seeks to represent up to 5 million investors in 'hundreds' of retirement plans that used the GoalMaker robo-adviser designed by Morningstar and offered by Prudential. The investor who filed suit says the defendants tweaked GoalMaker to intentionally steer people toward higher-cost funds that earned extra fees and kickbacks for Prudential."
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