- 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
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)
- Fixed Fees (Other than subscription)
Raymond James Financial Services Advisors, Inc Overview
Raymond James Financial Services Advisors, Inc is a fee-based registered investment advisory firm that has been providing investment advice since 2008. Headquartered in Saint Petersburg, FL, the firm offers a variety of financial planning services to individuals and small businesses, including portfolio management and educational seminars and workshops. They also offer portfolio management services to businesses and institutional clients, as well as pension consulting services to assist with retirement planning. In addition to traditional financial planning services, the firm also offers hourly and fixed-rate consultations for clients seeking more targeted advice on specific financial matters. As a registered investment advisory firm, Raymond James Financial Services Advisors, Inc is focused exclusively on providing investment advice and does not engage in buying or selling securities on behalf of clients. Overall, Raymond James Financial Services Advisors, Inc is a comprehensive financial planning firm that offers a wide range of services for clients seeking personalized investment advice and thoughtful planning for their retirement and financial goals.
RAYMOND JAMES FINANCIAL SERVICES ADVISORS, INC serves a diverse range of clients, including individuals seeking personalized financial guidance, as well as high net worth individuals who require sophisticated investment strategies tailored to their unique circumstances. In addition, the firm extends its services to banking institutions, pension or profit sharing plans, charitable organizations, state or municipal government entities, insurance companies, and other corporate entities. These clients entrust the firm with their financial needs, seeking knowledgeable advice and strategic planning to achieve their goals. RAYMOND JAMES FINANCIAL SERVICES ADVISORS, INC offers flexible fee structures to accommodate the range of client needs and services provided. Clients may opt for percentage-based fees, where the firm earns a percentage of the assets under management, aligning its interests with those of the client. Alternatively, they may select hourly, fixed, or commission-based fees, depending on the service provided. Additionally, RAYMOND JAMES FINANCIAL SERVICES ADVISORS, INC also offers other types of fees, depending on the service provided, to ensure clients receive the most value for their investment. Regardless of the fee chosen, clients can trust that the firm's fees are competitive and transparent, reflecting its commitment to putting client interests first.
Typical Clients, Fee Structures & Investment Minimum
According to their Part 2 Brochure, Raymond James Financial Services Advisors, Inc does not require a minimum asset amount for planning and/or investment consulting services for individuals. However, clients should consult with their IAR to determine if there are any minimum asset requirements to become a client. Clients will also be required to complete the Wealth Advisory Services agreement and pay fees as stated in the agreement. Therefore, there is no mention of an investment minimum in their Part 2 Brochure.
How This Office Can Help Jacksonville Beach, FL Residents
Raymond James Financial Services is a well-known and trusted financial advisor company in Jacksonville Beach, FL. They offer a wide range of services and expertise to assist clients in managing their financial situations effectively. They provide assistance in developing investment strategies, retirement planning, tax planning, and estate planning to individuals and businesses. Living in Jacksonville Beach, FL, residents may face financial dilemmas related to the tourism industry. They may require additional assistance in managing their finances as it is a seasonal job with unpredictable pay. Additionally, with the high cost of living, residents may require advice on budgeting, managing credit card debts, and saving for emergency funds. Raymond James Financial services help clients create a comprehensive financial plan that is tailor-made to handle these challenges while meeting their unique needs and goals. With their services, clients can rest assured that their finances are in competent hands.
Services Offered by Raymond James Financial Services Advisors, Inc
Core Advisor Services
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.
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.
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.
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.
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.
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.
Subscription (Newsletter or Periodical)
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.
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.
Other Office Locations
Displaying first 48 of the 88 total office locations:
- Akron, OH
- Albany County, NY
- Amarillo, TX
- Arlington, VA
- Armonk, NY
- Ashland, OR
- Aspen, CO
- Bakersfield, CA
- Beaufort County, SC
- Bell County, TX
- Bentonville, AR
- Berrien County, MI
- Billings, MT
- Boone County, KY
- Broome County, NY
- Butte County, CA
- Centre County, PA
- Champaign, IL
- Charlotte County, FL
- Cheyenne, WY
- Chico, CA
- Chisago County, MN
- Columbus, GA
- Decatur, IL
- Des Moines, IA
- Des Plaines, IL
- Detroit Lakes, MN
- Dubuque, IA
- Edmonds, WA
- Elkhart, IN
- Elm Grove, WI
- Fairhope, AL
- Fenton, MI
- Fremont County, CO
- Fulton, MD
- Hastings, NE
- Henderson County, NC
- Hickory, NC
- Hillsboro, OR
- Hilton Head Island, SC
- Horseheads, NY
- Hudson, WI
- Indian River County, FL
- Irvington, VA
- Isle of Wight County, VA
- Kennett Square, PA
- Kitsap County, WA
- La Grange, IL
Raymond James Financial Services Advisors, Inc is registered to service clients in the following states:
- District of Columbia
- New Hampshire
- New Jersey
- New Mexico
- New York
- North Carolina
- North Dakota
- Puerto Rico
- Rhode Island
- South Carolina
- South Dakota
- West Virginia
- Virgin Islands
Raymond James Financial Services Advisors, Inc does not have any disclosures. Please visit it's Form ADV for more details.