Raymond James Financial Services Advisors, Inc

CRD#149018
Investment Advisor Firm

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Overview

Raymond James Financial Services Advisors, Inc is a financial advisory firm located in Saint Petersburg, Florida. The company oversees $245.2 billion in assets under management across 932,793 customer accounts, making it one of the biggest financial advisory firms in the nation by assets under management (AUM). Raymond James Financial Services Advisors, Inc has a very large team, including 5,678 financial advisors. Raymond James Financial Services Advisors, Inc is not a registered broker-dealer, signifying that the advisor is not able to buy and sell securities for its accounts and those of its customers and instead is required to go through a broker-dealer firm to do so. Securities are exchangable financial investments like bonds, options and stocks.

Raymond James Financial Services Advisors, Inc oversees 369,185 of the company's client assets on a discretionary basis. Discretionary management means that buy and sell choices are made by an investment advisor without requiring the customer's permission. The company also administers 563,608 non-discretionary accounts with a total of $127.0 billion in assets under management. The firm supervises roughly $262,652 for each customer account. The average financial advisor at Raymond James Financial Services Advisors, Inc administers around 164 client accounts.

The company's main office is located at 880 Carillon Parkway, Saint Petersburg, Florida 33716. The company is permitted to provide services to investors throughout 51 U.S. states and territories.

Assets Under Management

$245.2 billion

Number of Advisors

5,678

Disclosures

No

Office Location

880 Carillon Parkway
Saint Petersburg, FL 33716

Raymond James Financial Services Advisors, Inc by the Numbers

Total Assets Under Management

$245.2 billion

National Average: $8.6 billion
Total Number of Employees

6,517

National Average: 64
Total Number of Accounts

932,793

National Average: 375,227
Average Account Size

$262.9 thousand

National Average: $23.0 thousand
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Products and Services

Raymond James Financial Services Advisors, Inc provides a number of services, which can include financial planning services, portfolio management for individuals and small businesses, portfolio management for institutional clients, pension consulting services, selection of other advisers, educational seminars and other services. In the past fiscal year, Raymond James Financial Services Advisors, Inc provided 3500 of its customers with financial planning services. Raymond James Financial Services Advisors, Inc does not sell products or offer services aside from investment advice to its investment advisory clients. The company is also affiliated with one or more other service providers in the financial services industry, including with a broker-dealer or securities dealer, banking or thrift institution, trust company, insurance company or agency and pension consultant.

Core Advisor Services

  • Offered by 31% of firms

    Financial Planning Services

    This is the process of planning for your financial future, including for events such as retirement, your child's college education or estate succession.

  • Offered by 46% of firms

    Portfolio Management

    This is the selection and management of an investment mix and portfolio strategy for individuals and small businesses.

  • Find a firm that offers this service

    Market Timing Services

    This is the practice of attempting to make short-term profits on investments by buying low and selling high.

Other Services

  • Offered by 20% of firms

    Selection of Other Advisors

    This is the firm's assistance with choosing other advisors to work with who may have different specialties.

  • Find a firm that offers this service

    Publication of Periodicals

    This is the publication of various financial education materials.

  • Offered by 6% of firms

    Educational Seminars/Workshops

    This is the hosting of seminars or workshops to educate investors on financial concepts.

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Fee Structure

A financial advisor's fees usually depend on the type of services provided. However, fees charged by the company likely include some combination of the following fee structures: asset-based, hourly, fixed, commission-based or other. Wrap fee programs, or the practice of bundling services for a single fee, are provided by Raymond James Financial Services Advisors, Inc.

Available

  • Offered by 69% of firms

    Percentage of Assets

    Show Explanation

    This fee, which is the most common fee type charged by advisors for portfolio management, is based on the amount of assets you have under management. Also referred to as an asset-based fee, this fee typically ranges from 0.50%-2.00% of AUM annually. You'll typically pay a lower rate the more assets you have under management.

  • Offered by 21% of firms

    Hourly

    Show Explanation

    Like a lawyer, a financial advisor may charge you by the hour. This can be helpful if you are only looking for short-term or one-time advice. Rates typically range from $100-$300 per hour, depending on the complexity and level of services needed.

  • Offered by 1% of firms

    Commissions

    Show Explanation

    Occasionally, advisors earn commissions from selling financial products, such as securities or insurance policies, or making certain referrals or transactions. Advisors who earn commissions may be incentivized to make certain recommendations to clients in order to make a commission. Fee-only advisors do not earn commissions, while fee-based advisors may.

  • Offered by 32% of firms

    Fixed

    Show Explanation

    Fixed fees are a one-time, lump sum charged for a specific service, like the creation of a financial plan without subsequent implementation. This can be useful if you only need advice for one specific purpose, rather than a long-term advisor. Fixed fees usually range from $1,000 to $3,000.

  • Offered by 10% of firms

    Other

    Show Explanation

    Firms can sometimes charge customers using non-traditional fee structures. See this firm's Form ADV for more details.

Unavailable

  • Find one of the 26% of firms that offer this fee type

    Performance-based

    Show Explanation

    Advisors only earn performance-based fees if a portfolio outperforms a defined benchmark. This fee may be calculated in a number of ways but most commonly is charged as a percentage of investment profits. Performance-based fees may incentivize advisors to make riskier decisions in order to generate higher returns.

  • Find one of the 0% of firms that offer this fee type

    Subscription

    Show Explanation

    Firms generally charge this fee for educational materials provided, such as a monthly magazine. This can be useful if you want to learn about investing or financial management on your own.

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Types of Clients

The company manages money for a broad range of clients. Raymond James Financial Services Advisors, Inc works with retail investors, high net worth investors, banking institutions, pension plans, charitable organizations, state or municipal government entities, insurance companies and corporations. Out of its 932,793 clients, Raymond James Financial Services Advisors, Inc's largest client type by number of accounts is retail investors, but it also caters to 48,798 high-net-worth individuals. A high-net-worth individual is defined by the SEC as an individual who has at least $750,000 in AUM or a net worth of more than $1.50 million or who is deemed a "qualified purchaser" (a standard met by having at least $5 million in investments). None of its clients are represented by people from outside of the U.S.

  • High-Net-Worth Individuals* - 10.75%
  • Other Individuals - 85.99%
  • Corporations - 3.22%
  • Charitable Organizations - 0.04%

* The U.S. Securities and Exchange Commission (SEC) defines a high-net-worth individual as someone who has at least $750,000 under management.

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Disclosures

Raymond James Financial Services Advisors, Inc does not have any disclosures.

Please visit its Form ADV for more details.

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