Former Citigroup CEO , Vikram Gupta , is backing FeeX , a start - up designed to help consumers save money . The sad truth is that most investors don't know what they pay their money managers, nor do the managers know themselves. Consumers , or employers of retirement programs , enter details about their plans and are told how much they are paying in fees and offered similar alternative products and services with lower fees . The firm , which calls itself the " Robin Hood of retirement " earns its money collecting referral fees on the recommendations .
Former Citigroup CEO , Vikram Gupta , is backing FeeX , a start - up designed to help consumers save money . Consumers , or employers of retirement programs , enter details about their plans and are told how much they are paying in fees and offered similar alternative products and services with lower fees . The firm , which calls itself the " Robin Hood of retirement " earns its money collecting referral fees on the recommendations .