The LVR Podcast™ Episode #40 – From Banker to Broker

Written by on March 5, 2024

The LVR Podcast

From Banker to Broker – With Guest Michael Payne from Pinnacle Brokers

Designed for Brokers, made by Brokers.

March 5, 2024

This episode of the LVR Podcast with guest Michael Payne from Pinnacle Brokers dives into the motivations, challenges, and solutions of becoming a self-employed broker.

Welcome to another episode of the LVR Podcast, where we’re excited to have Michael Payne from Pinnacle Brokers join us. Transitioning from banker to broker, Michael’s journey is nothing short of inspirational.

We delve into the motivations, challenges, and triumphs that Michael encountered on the path to becoming a self-employed broker. This episode is a must-listen for anyone interested in the intricacies of making a significant career change or who’s just starting out and is itching for some tips!

Join us as we explore the steps Michael took to build a successful broking business from scratch, focusing on the power of referral partnerships, the importance of creating a strong online presence, and the strategies for attracting and retaining clients.

Whether you’re a seasoned broker or just starting out, this episode is packed with valuable insights and practical advice.

Key points:

  • Strategies for attracting leads and clients, and the crucial role of referral partnerships
  • How flexibility and innovative client engagement strategies contribute to success
  • Overcoming hurdles in attracting referral partners and clients through unique strategies
  • Michael’s biggest learnings and some things he wish he knew before he started
  • Insights into Michael and Pinnacle Brokers’ plans for growth

Key quotes:

“We make a commitment [to our referral partners] that we will either call them back or call their clients within 2 hours.” – Michael

“Lead flow is only the starting point. How we deliver, how we engage, is key and it really makes everything real.” – Ruan

“I think once you implement the boundaries for them [clients], they actually start respecting your time more as well.” – Marissa

“The main difference [in broking] is to have that flexibility, that you can build a team that works together to actually get the best outcome for clients.” – Michael

“And it is all education, we need to educate our clients as much as we educate the referral sources, as much as you educate your staff.” – Marissa

“One of the things just these last 12 months for you has been communication is key, making sure nothing is left to chance.” – Ruan



More From Marissa and her company, Rise High Financial Solutions:

Marissa Schulze Linkedin 

Marissa Schulze Instagram 

Marissa Schulze Facebook 

Rise High Financial Solutions

More From Ruan and his company, Success and Broker:

Ruan Burger Linkedin 

Ruan Burger Instagram 

Ruan Burger Facebook 

Success and Broker

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