Firm Info
Firm Size
Services Offered
- Financial Planning
- Portfolio Management for Individuals & Small Businesses
- Portfolio Management for Businesses or Institutional Clients
- Pension Consulting Services
- Selection of Others Advisors
- Educational Seminars & Workshops
- Other
Types of Clients
- Individuals (Not High Net Worth)
-
Individuals High Net Worth
*>=750k in Investable Assets or >=1.5m of Estimated Total Net Worth
- Banking Institutions
- Pension & Profit Sharing Plans
- Charitable Organizations
- State & Municipal Govt Entities
- Insurance Companies
- Corporations or Other Businesses Not Listed Above
Available Fee Structures
- Percentage of Assets Under Management (AUM)
- Hourly
- Fixed Fees (Other than subscription)
- Commissions
- Other
Raymond James Financial Services Advisors, Inc Overview
Raymond James Financial Services Advisors, Inc is a registered investment advisory firm that has been in business since 2008. With its headquarters based in Saint Petersburg, FL, the firm offers investment advice only with a fee-based fee arrangement. Its portfolio management services cater to individuals, small businesses, as well as businesses or institutional clients. Additionally, the firm offers pension consulting services, financial planning, selection of other advisors, and educational seminars and workshops. Moreover, Raymond James Financial Services Advisors, Inc also offers hourly and fixed-rate consultations as other advanced services. The firm's financial planning services entail creating personalized strategies that align with clients' life goals and investment ambitions. Its portfolio management services aim to provide clients with diversified investment portfolios and a disciplined process for achieving their investment goals. Raymond James Financial Services Advisors, Inc also provides educational workshops and seminars that teach topics like financial planning, portfolio management, and wealth management. In a nutshell, Raymond James Financial Services Advisors, Inc caters to clients who seek personalized and comprehensive investment advice. It offers a wide range of services, including portfolio management, pension consulting, financial planning, and educational seminars and workshops. Clients can also take advantage of the firm's hourly and fixed-rate consultations.
RAYMOND JAMES FINANCIAL SERVICES ADVISORS, INC serves a wide range of clients, including individuals, high net worth individuals, and banking institutions. Additionally, pension or profit sharing plans, charitable organizations, state or municipal government entities, and insurance companies are all clients that RAYMOND JAMES FINANCIAL SERVICES ADVISORS, INC serves. They also accommodate other corporation types not listed, making their services available to a diverse set of clients. RAYMOND JAMES FINANCIAL SERVICES ADVISORS, INC offers a flexible fee structure depending on the type of service provided. Clients are able to choose from percentage of AUM, hourly, fixed fees, commissions, and other types of fees. The percentage of AUM fee structure charges clients based on the percentage of assets under management. Hourly fees charge clients an hourly rate for services rendered, while fixed fees charge clients a fixed amount for a specific service. Commissions are a fee charged to clients based on a percentage of the amount of the financial product they purchase. RAYMOND JAMES FINANCIAL SERVICES ADVISORS, INC offers a variety of fee structures to ensure they can meet all their clients' investment needs effectively.
Typical Clients, Fee Structures & Investment Minimum
RAYMOND JAMES FINANCIAL SERVICES ADVISORS, INC does not mention an investment minimum in their Part 2 Brochure. However, clients are advised to consult with their Investment Advisor Representative (IAR) to determine if there are any minimum asset requirements in order to become a client. Clients are also required to complete the Wealth Advisory Services agreement and pay fees as noted in the agreement.
How This Office Can Help Mount Pleasant, MI Residents
Raymond James Financial Services provides a range of services designed to assist clients in Mount Pleasant, MI, with their unique financial needs. For example, local residents who are planning for retirement may benefit from the firm's retirement planning services, which offer a personalized strategy for investing and managing assets to support long-term financial goals. Additionally, those facing complex estate planning challenges can rely on Raymond James for guidance in navigating common obstacles such as tax issues, charitable giving considerations, and wealth transfer strategies. In addition to these services, Raymond James also offers investment management and advice for clients with varying risk tolerances and financial goals. With access to a wide range of investment options, including managed portfolios, mutual funds, and exchange-traded funds (ETFs), clients can work with financial experts to design a portfolio customized to their specific needs. Whether a person is looking for guidance in preparing for retirement, planning for their children's education, or working to build long-term wealth, Raymond James Financial Services offers expertise and resources to help clients reach their financial goals.
Services Offered by Raymond James Financial Services Advisors, Inc
Core Advisor Services
Financial Planning
Financial planning services encompass the process of devising strategies for your future financial well-being, including preparing for events such as retirement, funding your child's college education, or planning for the transfer of assets.
Portfolio Management for Individuals & Small Businesses
Portfolio management entails the careful selection and strategic management of investment combinations tailored to meet the needs of individuals and small businesses.
Market Timing Services
Market timing services involve the endeavor to generate short-term profits from investments by capitalizing on opportunities to buy at low prices and sell at high prices.
Other Services
Selection of Other Advisors
The firm provides support in selecting and engaging other advisors who possess specialized expertise to complement your financial needs.
Publication of Periodicals or Newsletters
The firm engages in the dissemination of diverse financial educational materials through the publication of periodicals.
Educational Seminars & Workshops
The firm organizes and conducts seminars or workshops aimed at enlightening investors on various financial concepts.
Fee Structures
Financial advisory fees usually are based on the services provided. Fee types charged by Raymond James Financial Services Advisors, Inc most likely consist of the following fee types: asset-based, hourly or fixed. Wrap fee programs, or the practice of bundling services for a single fee, are not offered by the firm.
Available
Percentage of Assets Under Management (AUM)
This fee structure charges a percentage of the assets under management by the firm. Fee structures are often tiered based on the amount of assets managed, with higher AUM often charged a lower rate.
Between 0.50% and 2.00% of assets under management (annually), often lower for a robo advisor. Fees are typically charged quarterly by the firm and will show on your investment statement. View typical advisor costs here.
~96% of registered firms offer this fee structure.
If you have $1 million managed by a firm at a 1% management fee, you would be charged $10,000/year to manage your assets (or $2,500 per quarter). This would be automatically deducted from your investment portfolio.
Hourly
Similar to an attorney, a financial consultant might charge fees based on hourly rates. This fee structure can be advantageous when seeking specific or ad hoc advice.
Charges generally span from $150 to $400 per hour, depending on the extent of the services required.
~33% of registered firms offer this fee structure.
If you needed hourly consulting to sell a business or transfer your estate to your children but did not want your assets managed by a firm, you could consult a firm at an hourly rate to answer any questions you may have.
Fixed Fees (Other than subscription)
Fixed fees are a one-time, lump-sum payment rendered for a specific service, such as creating a financial plan without ongoing management or implementation. This option is beneficial if you solely require guidance for a particular objective rather than a long-term consultancy or asset management.
Fixed fees for creating a financial plan often range from $1,000 to $3,000.
~49% of registered firms offer this fee structure.
If you did not want a firm to manage your assets but needed to create a retirement plan, life transition plan such as divorce or loss of a spouse, estate transition plan, business financial plan, or any other financial planning, you could consult with an RIA firm to help you with the creation of that plan.
Commissions
Occasionally, advisors are compensated through commissions by selling certain financial products, such as mutual funds or life insurance policies, or as a broker-dealer by facilitating the buying and selling of securities. Advisors who receive commissions may be incentivized to make specific suggestions to clients in order to secure a commission. Advisors who operate on a fee-only basis do not earn commissions, whereas fee-based advisors may do so.
Often 3% - 6% of the value of the security.
Only ~3% of registered firms say they offer this fee structure, but other advisors may receive “soft dollars”. Many mutual funds charge 12b-1 fees to cover the promoting and selling of the fund’s shares. While your advisor does not charge these fees, they may receive a kickback for recommending the investment.
An advisor selling their client on a life insurance policy and receiving a commission on the sale of that policy, or recommending a specific investment and receiving a kickback for that recommendation.
Other
Firms occasionally offer unconventional fee structures when charging clients. For more detailed information about a firm’s specific fee structures, please refer to their Form ADV and Part 2 Brochure.
Unavailable
Subscription (Newsletter or Periodical)
Performance-based Fees
Advisors typically obtain performance-based fees if a portfolio surpasses a predefined benchmark. This fee is determined through various methods, but is most commonly assessed as a percentage of investment gains. Performance-based fees may incentivize advisors to undertake riskier decisions in pursuit of generating higher returns.
“Two and Twenty” is common among hedge funds with a 2% management fee and a 20% incentive fee above the “hurdle rate,” or performance threshold the fund is compared against.
32% of registered firms offer this fee structure.
A hedge fund earns a 15% return with a 20% performance fee in above the performance of the S&P 500, which grew 7% that same year.
20% of fund growth in excess of S&P 500’s 7% growth for that year = 15% hedge fund growth - 7% S&P 500 growth = 8% difference x 20% = 2% performance fee (in addition to the management fee).
Types of Clients
*The Securities & Exchange Commission defines someone as “high net worth” if they have $750,000 or more in investable assets or $1.5M of estimated total net worth.
This Office Location
Other Office Locations
Firm Headquarters
This firm has no other locations.
State Registrations
Raymond James Financial Services Advisors, Inc is registered to service clients in the following states:
- Alabama
- Alaska
- Arizona
- Arkansas
- California
- Colorado
- Connecticut
- Delaware
- District of Columbia
- Florida
- Georgia
- Hawaii
- Idaho
- Illinois
- Indiana
- Iowa
- Kansas
- Kentucky
- Louisiana
- Maine
- Maryland
- Massachusetts
- Michigan
- Minnesota
- Mississippi
- Missouri
- Montana
- Nebraska
- Nevada
- New Hampshire
- New Jersey
- New Mexico
- New York
- North Carolina
- North Dakota
- Ohio
- Oklahoma
- Oregon
- Pennsylvania
- Puerto Rico
- Rhode Island
- South Carolina
- South Dakota
- Tennessee
- Texas
- Utah
- Vermont
- Virginia
- Washington
- West Virginia
- Wisconsin
- Virgin Islands
Disciplinary History
Raymond James Financial Services Advisors, Inc does not have any disclosures. Please visit it's Form ADV for more details.