SEC proposed the new AI rule threatens to weaken advisers' fiduciary duty, according to a top attorney for the Investment Advisers Association. The danger of the new rule is proposing a “whole new framework for dealing with conflicts” related to technology tools, said IAA general counsel Gail Bernstein. WealthManagement.com during the association's annual compliance conference…
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Opinions expressed by Entrepreneur contributors are their own. The skill I'm talking about is searching question. Too often, it seems risky to ask questions: “What if they think it's one mute question?” “What if it was covered before, and I somehow missed it?” Or more generally: “Smart people have answers; kids in school have questions.”…
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In recognition of International Women's Day, a trio of female partners in Chicago unveiled a new RIA on Friday focused on serving women, families and the next generation of investors. Launched with $200 million in assets under management, Wealth Expressive was founded by CEO Vanessa Martinez, CCO Lauren Genuardi and Darlene Duncan, a partner and…
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Opinions expressed by Entrepreneur contributors are their own. AI is not just a tool; it is rapidly becoming the brains behind thriving businesses and startups. But there's a catch—not all that glitters in the world of AI-enhanced marketing is gold. In this must-watch video, we address the key challenge that every modern marketer and entrepreneur…
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Sponsored by Assessing technology ROI is essential to ensure that investments in digital tools and platforms directly contribute to operational efficiency and customer satisfaction. This process helps to align technology spending with the firm's strategic goals, driving growth and increasing value delivered to customers. Ultimately, developing digital experiences for clients and advisors can help firms…
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A special panel of the OpenAI board today announced the completion of WilmerHale's review. The company conducted dozens of interviews with members of OpenAI's previous board, OpenAI executives, advisors to the previous board and other relevant witnesses; reviewed more than 30,000 documents; and evaluated various corporate actions. Based on the record produced by WilmerHale and…
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Opinions expressed by Entrepreneur contributors are their own. Nirvana Soul in San Jose, California is not where you go to bury yourself in a book or work quietly on your computer. Colorful artwork lines the walls and upbeat music fills the air. You'll meet someone new during your visit, as the chatty bartenders and owners…
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Shareholders of Kingswood Acquisition Corp., the special-purpose buyout company sponsored by major shareholders in British wealth management firm Kingswood Group and a sister company of Kingswood US, voted to approve its merger with broker/dealer aggregate Wentworth Management Services. After the deal closes, former SPAC shareholders will own about 21% of the outstanding shares, while former…
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We are announcing three new members to our Board of Directors as the first step towards our commitment to expansion: dr. Sue Desmond-Hellmann, former executive director of the Bill and Melinda Gates Foundation, Nicole Seligman, former EVP and General Counsel at Sony Corporation and Fiji Simo, CEO and President of Instacart. Additionally, Sam AltmanCEO, will…
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A new report from researchers at Harvard, Columbia and Duke suggests that your startup idea doesn't have to be big and you don't have to go national to be successful. In fact, most startups are not big, glamorous giants like Amazon or Uber. Many are small businesses that stay local and do not aim to…
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