Weird Morgan Keegan Payout-Or at least I think it is abnormail-Maybe not?
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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.
do other firms pay on trailing 12 or like Morgan Keegan does using trailing 11 plus current ?
do other firms pay on trailing 12 or like Morgan Keegan does using trailing 11 plus current ?
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)
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.