Author: elghoulam

[ad_1] An SEC proposal targeting potential conflicts of interest for financial advisors using artificial intelligence is not meant as a way to modify Regulation Best Interest, Chair Gary Gensler said Tuesday.   The Securities and Exchange Commission introduced a proposed rule over the summer that w Learn more about reprints and licensing for this article.… Continue reading Gensler says proposal on AI conflicts aligns with Reg BI 

[ad_1] President Joe Biden’s administration rolled out its “retirement security rule” proposal at the White House last week with a speech that drew immediate pushback. The Labor Department’s plan to rewrite the definition of “fiduciary” — the most significant potential change to the Employee Retirement Income Security Act since the 2016 rule that was vacated… Continue reading The key excerpts from new DOL fiduciary rule

[ad_1] MidCap Financial Investment Corporation (NASDAQ: MFIC), Apollo Senior Floating Rate Fund Inc. (NYSE: AFT) and Apollo Tactical Income Fund Inc. (NYSE: AIF) (AFT and AIF, together, the “CEFs”) today announced that they have entered into separate definitive agreements pursuant to which AFT and AIF will merge with and into MFIC (the “Mergers” or the… Continue reading MidCap Financial Investment Corporation (MFIC) Announces Merger Agreements with Apollo Senior Floating Rate Fund and Apollo Tactical Income Fund Inc. (AFT)

[ad_1] The Fund, which focuses on social and environmental impact, has made initial investments in Blackstar Stability Distressed Debt Fund and the Afterglow Climate Justice Fund. BOSTON, Nov. 7, 2023 /PRNewswire/ — Today, Social Finance, the national nonprofit and registered investment advisor, announced the launch of the Social Finance Impact First Fund. The Impact First… Continue reading The Social Finance Impact First Fund Launches as One-Stop Solution For Individuals, Family Offices, Foundations, and Donor-Advised Funds Seeking to Catalyze Positive Impact

[ad_1] Black Ore, an AI platform for financial services, has launched and announced $60 million in financing led by a16z and Oak HC/FT. The company plans to use the funds to onboard new customers, grow its team, and accelerate the development of additional AI-products across financial services.  Black Ore offers an AI and automation platform… Continue reading Black Ore Launches with $60 Million in Funding to Bring AI to Financial Services

[ad_1] The economic power of women has been shifting in recent decades, in part because of their increased presence in corporate America. A 2019 workplace survey by McKinsey & Company pointed out that 44% of companies have three or more women in their C-suite, up from 29% in 2015. And Pew Research Center… Continue reading When Women Are The Breadwinner In A Relationship

[ad_1] Introducing an Exceptional Addition to Our Financial Advisory Team – A Certified Public Accountant with a Flair for Excellence GOSHEN, N.Y., November 7, 2023 (Newswire.com) – Select Wealth Partners is thrilled to announce the newest member of our esteemed financial advisory business, Diane Lindsay, a highly accomplished Certified Public Accountant (CPA) and Financial Advisor,… Continue reading Prominent Financial Advisory Firm, Select Wealth Partners, Strengthens Expertise With Addition of Accomplished Financial Advisor & Certified Public Accountant

[ad_1] Hightower strengthens its presence in the Southeast region by adding $2.5 billion registered investment advisor in Orlando, FL CHICAGO, Nov. 7, 2023 /PRNewswire/ — Hightower today announced it has made a strategic investment in Resource Consulting Group, a fee-only registered investment advisor (“RIA”) based in Orlando, FL with approximately $2.5 billion in assets under management… Continue reading Hightower Announces Strategic Investment in Orlando-based Resource Consulting Group