SPRINGFIELD, Mo. – Jack Henry & Associates, one of the few remaining independent credit union vendors, unveiled plans last night for an office campus here, east of U.S. 65. The plans shown to the Springfield City Council would include up to 550,000 square feet of office space on 36 acres of undeveloped land. There would also be greenery, walking trails and a lake. The company, which currently operates from a 40-acre campus in Monett, Mo., could employ as many as 500 people at the site, company officials said. The company has 3,400 employees at 40 offices across the nation, including 1,100 at its 40-acre campus in Monett.
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Larger public companies' high-profile servicing acquisitions tend to get the spotlight, but the two top leaders in the Ginnie MSR market are quieter players currently run as private companies.
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In addition to proposing broader access to private market investments for those who pass a test and for CFPs and other credential holders, the SEC also proposed expanding advisors' ability to charge performance-based fees.
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Meta's Muse digital assistant and fintechs have drawn lots of attention, but Amex contends it can harness its long history and ample data to train its internally developed artificial intelligence agents.
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What can banks learn from developments around consumer-facing apps like Muse about the future norms they will inevitably have to navigate.
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As a significantly underrepresented group in the industry, Black planners and other wealth management professionals of all backgrounds have been tapping into the Quad-A network and professional development opportunities for decades.
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Advisors may want to rethink one of the industry's retirement rules of thumb. Two researchers suggest swapping the traditional 4% withdrawal rate for a "flexible 3%" rule to lower failure rates for longer time horizons.
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