What does the Raymond James company do?
With more than 10,000 associates worldwide and $896 billion in client assets*, the company’s business includes investments brokerage, professional asset management, insurance solutions, trust services, investment banking, and private and commercial banking.
Is Raymond James a good company?
Our overall rating for Raymond James is 3 stars out of 5, due to the ongoing issue with Raymond James advisors charging excess commissions and breaking the trust of their clients.
Is Raymond James a good investment bank?
Is Raymond James Bank Good? If you have a lot of investments and like the convenience of having all your financial accounts in one place, Raymond James Bank is a great bank for you. You’ll get a consolidated statement that shows all of your assets and loans as well as guidance from a dedicated financial advisor.
How do Raymond James brokers get paid?
We are compensated by asset-based fees. However, cost paid for asset management are included in many of our financial planning services. Different tiers of financial planning services are provided on a complementary basis based upon total assets under management in all fee-based accounts for a household.
What are Raymond James fees?
Fees Under Raymond James
| Account value | Account types | |
|---|---|---|
| $5MM up to $10MM | Equity, Balanced & ETF: 2.00% Fixed Income: 1.80% Laddered Bonds & Short-Term Conservative: 1.70% | 1.50% |
| $10MM and up | Equity, Balanced & ETF: 1.75% Fixed Income: 1.55% Laddered Bonds & Short-Term Conservative: 1.45% | 1.25% |
How much money does Raymond James manage?
approximately $1.18 trillion
As of September 30, 2021, Raymond James has approximately 8,400 financial advisors throughout the United States, Canada and overseas. Total client assets under management are approximately $1.18 trillion.
Is Raymond James fee only?
Fees Raymond James charges for its services Raymond James generally uses a tiered fee schedule, with rates based on a percentage of assets under management. However, the firm may also use fixed fees, hourly charges and some commission-based fees.
Is my money safe with Raymond James?
THROUGH SIPC Raymond James is a member of the Securities Investor Protection Corporation, which protects securities customers of its members up to $500,000 (including $250,000 for claims for cash).
What is Raymond James net worth?
Raymond James Financial net worth as of May 06, 2022 is $20.61B.
Is Raymond James a financial institution?
As one of North America’s leading full-service investment firms, Raymond James offers a full array of capital markets services, strategic advice and planning for every stage of the business life cycle.
Does Raymond James have their own funds?
Raymond James makes available approximately 5,500 mutual funds from more than 350 mutual fund companies.
Are Raymond James advisors fiduciaries?
Since Raymond James advisors serve as ERISA fiduciaries, they are obligated to recommend what is best for your company and employees.