Weird Morgan Keegan Payout-Or at least I think it is abnormail-Maybe not?

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Mar 6, 2010 6:17 pm

I joined Morgan Keegan recently and I think it is weird that they determine payout not by trailing 12, but by trailing eleven plus current.  So if I have done 25k a month for the last 12 months I am not paid at 40% as a 300k producer but at 37% as a 275k producer.  Only complaint against firm.

Mar 6, 2010 6:18 pm

that should read abnormal-sorry.
 

Mar 7, 2010 2:16 pm

do other firms pay on trailing 12 or like Morgan Keegan does using trailing 11 plus current ?
 

Mar 7, 2010 2:20 pm

do other firms pay on trailing 12 or like Morgan Keegan does using trailing 11 plus current ?
 

Mar 7, 2010 3:00 pm

Worked at MK for 3 years. It was always current + T11. Just get above $500k and you will be at the top at 42% payout. Good company, but compliance sucks (won't back you and fights with the sales side of the company. They also take a back seat to anything that Regions Management says)

Mar 16, 2010 8:00 pm

For your consideration, Edward Jones gives a 40% payout regardless of your trailing 12. If you are producing, you will also become eligible for profitability bonuses.

Mar 17, 2010 3:55 pm

Yeah, but you have to work for Edward Jones.

Mar 17, 2010 5:15 pm

His name is coveredcall-dude! Jones doesn't do that.

Mar 19, 2010 11:03 pm

You are right EDJ doesn't do options, but EDJ does give a 40% payout.