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Advisor Could See Big Boost from Powerball Payout

Sunday, Jun 09 2013
News Roundup
Written by  IAW News

Jacksonville, Fla.-based Madden Advisory could see its asset under management double, thanks to its client, Gloria Mackenzie, winning the Powerball Lottery.

So reports InvestmentNews. Mackenzie opted to take a lump sum payment of $371, will pay about 25% in federal taxes and split the remaining money with her son.

If you are a subscriber to InvestmentNews, you can read the full article here.

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