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Rob Foregger, co-founder of portfolio company NextCapital and previously the co-founder of Personal Capital, recently reviewed the need for fiduciary-level advice and consumer data portability with the National Economic Council and CFPB.
President Trump gave a thumbs-up late last week to the Senate-passed Economic Growth, Regulatory Relief and Consumer Protection Act, which curbs Dodd-Frank, stating the bill “should be done fairly quickly” in the House. I caught up with digital financial services veteran Rob Foregger, who was in Washington recently chatting with Securities and Exchange Commission officials about — you guessed it — the fiduciary rulemaking, and who also made trips to the Hill and White House for conversations about financial data portability. Rob Foregger co-founded several digital advice firms, most recently NextCapital as well as Personal Capital, the nation’s first electronic advisor. In prior roles, he was president of Fidelity Investments Personal Trust Company and senior vice president of banking services. He co-founded and was COO of EverBank.com, one of the nation’s leading online banks (which was recently acquired by TIAA.)
