RJ and Makay

>> Read More RJ & Makay Blog Posts

On Wall Street magazine has compiled the compensation plans of the large wirehouses and regional firms to see what’s in store for advisors at those firms.  Annual production rankings measured firms at various levels of production from $200,000 to $1 million.  The 2012 compensation story is more than the rankings or the team-based awards.

>> Read More RJ & Makay Blog Posts

Large banks have captured more of the investments of young bank clients as compared to their older and wealthier baby boomer customers, according to a new Aite Group report.  The study found that 50% of Generation Y customers at large banks consider their bank to be their primary investment provider.  Less than 25% of baby boomers felt the same.

>> Read More RJ & Makay Blog Posts

Five of the nation’s largest banks, along with state and federal authorities, have agreed to a $26 billion settlement over foreclosure practices that could provide relief to nearly two million current and former homeowners hurt by the bursting of the housing bubble, state and federal officials said.  The settlement is aimed at remedying the nation’s housing market slide and holding banks accountable for foreclosure abuses.