A former Osaic employee has filed a federal discrimination lawsuit alleging she took extended leave because of a COVID-19 infection and a compromised immune system that led to her firing. The lawsuit was filed Friday in the U.S. District Court for the Northern District of Alabama. She first accused Osaic of discrimination in November 2022…

With the introduction of programs like ChatGPT and Google's Gemini, the integration of artificial intelligence into the advisor technology stack has become a hot topic of discussion in the financial advice community. Although the advent of generative AI applications signals a new era in the evolution of AI, it is worth noting that much of…

With uncertainty surrounding when the first rate cut will come, Jim Jackson, co-chief investment officer and senior portfolio manager of Victory Income Investors, a franchise of Victory Capital Investments, talks about what investors should expect with fixed income in 2024. Jim talks about the importance of credit spreads, what the recent tightening of spreads means…

(Bloomberg) — Webull Financial is now offering futures and commodities trading as investors look for more ways to hedge against price movements without owning an underlying asset. The online brokerage app, which is preparing to go public, is offering the service initially to US investors with plans to expand globally in the future, it said…

Wealthtech private markets platform Opto unveiled a number of product enhancements, including the addition of a new CIO toolkit. This suite of tools, along with pre-trade analysis capabilities and the ability to create custom white-label funds, strengthens its platform for Chief Investment's clients. The changes in leadership positions announced along with these improvements are intended…

of Texas Capital Texas Oil Index ETF (NYSE Arca: OILT ) launched late last year focusing on companies responsible for oil and gas production in the state of Texas. Unlike other funds focused on oil and gas exploration and production, THE OIL ETF weights securities based on oil and gas production as reported by the…

Four years into this SEC regime, a wave of regulatory changes will crash into RIA. Among this wave, two significant rules stand out: the Outsourcing Rule and the proposed FinCEN AML Rule. While these regulations are designed to increase transparency, accountability and safety within the industry, they come at a cost – both in time…

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…

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…

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…