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 Florida-based firm that offers investment advice-only as a registered investment advisory firm. The firm has been in business since 2008 and offers a range of financial planning and portfolio management services for both individuals and small businesses. With a fee-based arrangement, clients can rest assured that the firm is invested in their success as a trusted advisor. In addition to personalized financial planning and portfolio management, Raymond James Financial Services Advisors, Inc. also offers pension consulting services, the selection of other advisors, educational seminars, and workshops. Whether clients are just starting out or running an established business, the firm has the experience and expertise to provide sound investment advice and other financial services to help them reach their goals. In addition to its standard services, the firm also offers hourly and fixed-rate consultations as needed. This flexibility allows clients to receive targeted advice on specific financial matters, without committing to a long-term arrangement. Overall, Raymond James Financial Services Advisors, Inc. provides a comprehensive range of investment advisory and financial planning services for businesses and individuals alike.
RAYMOND JAMES FINANCIAL SERVICES ADVISORS, INC serves a diverse range of clients spanning individuals to government entities. Their clientele include high net worth individuals, banking institutions, charitable organizations, insurance companies and other corporation types not listed. Additionally, they serve pension or profit sharing plans as well as state or municipal government entities. The firm's reach covers a broad spectrum of clients, highlighting a commitment to providing financial services to all sectors of society. RAYMOND JAMES FINANCIAL SERVICES ADVISORS, INC offers a range of fee structures depending on the service provided. Clients can select from various options such as percentage of AUM, hourly, fixed, commissions or other types of fees. The fee structure available to the client will depend on the nature and extent of advice provided, such as financial planning, investment management or other services offered. The flexibility of the fee structures available showcases the firm's philosophy of adaptability to meet the diverse needs of their clientele. Furthermore, the diverse range of fee structure options ensures clients are not limited in selecting a financial advisor based on affordability.
Typical Clients, Fee Structures & Investment Minimum
According to the note in their Part 2 Brochure, Raymond James Financial Services Advisors, Inc. does not have a minimum asset amount requirement for planning and investment consulting services for individuals. However, it is suggested that potential clients should consult with their IAR to determine if there are any minimum asset requirements. Clients will also be required to complete the Wealth Advisory Services agreement and pay fees that are outlined in the agreement.
How This Office Can Help Andover, MA Residents
Raymond James Financial Services serves clients in Andover, MA by providing a wide range of financial planning and investment options tailored to each individual's needs. With an expert team of financial advisors, they help clients navigate their financial futures no matter the stage of life they may be in. For those facing retirement, Raymond James Financial Services offers comprehensive retirement planning services that provide guidance on how to maximize retirement savings and minimize tax liabilities. For those who may be struggling with debt, they offer debt management solutions to help clients get back on track. Additionally, their investment options include stocks, bonds, mutual funds, and more, all designed to help clients meet their specific financial goals. Overall, they provide a one-stop-shop for all financial planning needs in Andover, MA, helping clients achieve financial success and peace of mind.
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.