Home Advisor Stories How a 40% payout increase helped one advisor pay for 2 colleges

How a 40% payout increase helped one advisor pay for 2 colleges

by The 100 Companies
How a 40% payout increase helped one advisor pay for 2 colleges

When I first spoke with Mike, he had been approached by nearly every firm. As a former accountant, Mike understood that he would only net 53% of those upfront checks after taxes and would be right back to the 43% payout at his current wirehouse.

I introduced Mike to a firm with 60-70% net payouts and an advisor-centric culture, where he ultimately moved and has never looked back. Because of his net effective 40% increase in payout, he was able to fund both daughters’ colleges and is retiring early.

Never underestimate the meaningful, long-term advantages of a much higher payout.

– Michele Mandeville, Founder/President, PRISM Wealth Management Recruiting

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