Broker Check
Paul Saltaformaggio

Paul Saltaformaggio

Wealth Advisor

"Honestly, I chose Stratos because I was the last one to go and was relying on the judgment of 15 other brokers who went to every single shop to discuss all the payouts and everything they had to offer. At the end of the day, Stratos was the best option for us.

No matter which way you slice and dice it, it costs a lot of money to run an office and you might some be somewhere around 10 to 15 percentage points of revenue to run a practice depending on trading volume. 90 doesn't matter, what matters is where you NET out at the end of the day. I could have gone to another firm and probably be at a 92 or 93% payout based on my production and Branch bonuses; however, for that extra four or five percent that I'm giving up, which is $50,000 on $1,000,000 of production, there is no way I would be able to have concierge-level service for technology and compliance,hr, marketing, practice acquisition, different platforms, institutional partners at Fidelity and Schwab, like I do through Stratos.

Stratos is absolutely worth it!"