ALBANY, N.Y. – SEFCU, formerly known as State Employees FCU, said it has awarded $12,000 in college scholarships to high school seniors in conjunction with the annual New York CU League Scholarship Program for credit union members. More than 1,300 students statewide, including more than 110 SEFCU members, competed for the honors. Three SEFCU members received $1,000 statewide scholarships, and nine others received SEFCU’s own ‘Smart Sense’ $1,000 awards.
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.
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.
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.
What can banks learn from developments around consumer-facing apps like Muse about the future norms they will inevitably have to navigate.
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.
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.
