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
- 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
- Other
Available Fee Structures
- Percentage of Assets Under Management (AUM)
- Hourly
- Fixed Fees (Other than subscription)
- Commissions
Raymond James & Associates, Inc. Overview
Raymond James & Associates, Inc. is a fee-based investment advisory firm with headquarters located in St. Petersburg, FL. The firm has been in business since 1974, offering a variety of services ranging from financial planning to portfolio management for individuals and small businesses. Additionally, the firm caters to businesses or institutional clients and provides pension consulting services. As a broker-dealer, insurance broker/agent, and municipal advisor, Raymond James offers a broad range of investment advice, selecting other advisors as necessary. Raymond James & Associates, Inc. also offers a variety of other services, such as non-discretionary advisory services, asset allocation, hourly and fixed rate consultations, and providing research to certain institutional clients. The firm prides itself on its comprehensive portfolio management services, which provide clients with the flexibility to choose the right investment strategy to meet their investment goals. With a wide range of services, Raymond James aims to help clients grow, manage, and protect their wealth, offering customized solutions that meet their individual needs and goals. Overall, Raymond James & Associates, Inc. is a well-established investment advisory firm with a long history of providing top-notch investment advice and comprehensive services to a broad range of clients. With a commitment to financial planning, portfolio management, and pension consulting, the firm provides clients with peace of mind and the confidence to make informed investment decisions that will help them achieve their financial goals.
RAYMOND JAMES & ASSOCIATES, INC. serves a diverse range of clients, from individuals to high net worth individuals to charitable organizations. The firm also caters to banking institutions, pension or profit sharing plans, state or municipal government entities, insurance companies, and other corporation types not listed. Furthermore, RAYMOND JAMES & ASSOCIATES, INC. extends its service to other types of clients, which adds to its diverse client base. When it comes to fees, RAYMOND JAMES & ASSOCIATES, INC. offers several fee structures for different services, depending on the client's needs and preferences. They can choose to pay a percentage of assets under management (AUM), an hourly rate, or a fixed fee. In some cases, the firm may receive commissions as a compensation for selling certain financial products. The variety of fee structures available underscores the firm's commitment to transparency and flexibility in serving its clients. Whether the clients are individuals seeking portfolio management or corporations requiring specialized financial advice, RAYMOND JAMES & ASSOCIATES, INC. offers fee structures that suit their unique needs.
Typical Clients, Fee Structures & Investment Minimum
According to the note in their Part 2 Brochure, Raymond James & Associates, Inc. does not have a minimum asset amount requirement for their planning and investment consulting services for individuals. However, clients should consult with their financial advisor to see if there are any minimum asset requirements for acceptance as a client. The client will also need to complete the Wealth Advisory Services agreement and pay the fees noted in the agreement. Therefore, it can be inferred that Raymond James & Associates, Inc. does not have an investment minimum.
How This Office Can Help Citrus County, FL Residents
Raymond James & Associates is a full-service financial firm that assists clients in managing their wealth and achieving their financial goals. For clients living in Citrus County, FL, there are several financial situations that they may be facing that Raymond James & Associates can help with. These could include planning for retirement, building an investment portfolio, managing taxes, and planning for education or healthcare costs. For retirees in Citrus County, FL, Raymond James & Associates can help with managing their retirement income and planning for long-term care. Additionally, the firm can assist with building diversified investment portfolios to help clients achieve their financial goals. For families in the area, the firm can provide guidance on saving for education costs and managing household finances. For all clients, Raymond James & Associates can assist with estate planning and tax management to ensure that they are making the most of their resources and minimizing their tax liabilities.
Services Offered by Raymond James & Associates, 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 & Associates, 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.
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).
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.
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 & Associates, 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 & Associates, Inc. does not have any disclosures. Please visit it's Form ADV for more details.