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 well-established financial firm headquartered in St. Petersburg, Florida, that has been providing investment services since 1974. As a broker-dealer, insurance broker/agent, and municipal advisor, the firm is equipped to offer a wide range of financial solutions to its clients. Raymond James & Associates operates on a fee-based arrangement which means that the firm charges fees for services rendered to its clients. Some of the services offered by the firm include financial planning, portfolio management for individuals and small businesses, portfolio management for businesses or institutional clients, and pension consulting services. In addition, the firm provides selection services for other advisors, as well as non-discretionary advisory services, asset allocation, and hourly and fixed-rate consultations. Raymond James & Associates also provides research to certain institutional clients, enabling them to make informed financial decisions. Overall, Raymond James & Associates is a reputable firm that offers a variety of financial solutions to meet the diverse needs of its clients.
RAYMOND JAMES & ASSOCIATES, INC., is a full-service investment firm that caters to a diverse range of clients. Whether it's a simple investment account or complex wealth management, the firm's financial advisors are equipped to help. The firm serves individuals and high net worth individuals who are looking for personalized investment strategies to grow and preserve their wealth. Additionally, they also deal with banking institutions, pension or profit sharing plans, charitable organizations, state or municipal government entities, insurance companies, and other corporation types not listed here. They understand that each client is unique, and thus they tailor their advice accordingly to offer customized investment solutions. The fee structures available in RAYMOND JAMES & ASSOCIATES, INC., vary depending on the type of service provided. For asset management services, the fee is charged as a percentage of assets under management (AUM). For individual advisory services, clients can choose between hourly fees or fixed fees. Hourly fees are charged for specific services, such as financial planning or portfolio reviews. Fixed fees are charged for a set length of service, like annual financial planning. In some cases, they may also receive commissions on products like insurance or mutual funds, where products are sold, which varies depending on the product category concerned. RAYMOND JAMES & ASSOCIATES, INC., is transparent about its fee structure and will clearly outline the costs of each service upfront so that clients can make an informed decision about their investment strategy and the related fees.
Typical Clients, Fee Structures & Investment Minimum
According to the note in their Part 2 Brochure, Raymond James & Associates, Inc. does not require a minimum asset amount for planning and/or investment consulting services for individuals. However, they suggest consulting with a financial advisor to determine whether there are any minimum asset requirements as a condition of accepting a client. The brochure does not mention an investment minimum for the firm.
How This Office Can Help Cottonwood Heights, UT Residents
Raymond James & Associates assists clients in Cottonwood Heights, UT by offering a range of financial services that are tailored to their unique needs. Whether someone is preparing for retirement, saving for their children's education, or navigating a significant life change, Raymond James & Associates has the expertise to help. They provide personalized investment advice and education on a wide range of topics, including tax planning, insurance, and estate planning. One financial situation that someone living in Cottonwood Heights, UT might be facing is the need to plan for a comfortable retirement. Raymond James & Associates offers a range of retirement planning services, including guidance on investment strategies, IRA and 401(k) rollovers, and Social Security optimization. They can help clients determine how much they need to save for retirement, how to generate income during retirement, and how to protect their assets from market volatility. Other common financial concerns for residents of Cottonwood Heights, UT might include funding a child's education, purchasing a home, or managing debt. Raymond James & Associates can provide a comprehensive financial plan that addresses these challenges and helps clients achieve their goals.
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.