Generally speaking Raymond James is a good firm with good advisors.” In fairness, there are those clients that are very happy with their Raymond James financial advisor and Raymond James investments. … Returns have been much better than our previous life insurance company investments.
Secondly, what is a fair fee for a financial advisor?
Most
| Fee type | Typical cost |
|---|---|
| Hourly fee | $200 to $400 |
| Per-plan fee | $1,000 to $3,000 |
Keeping this in view, how many financial advisors work for Raymond James?
Is Raymond James better than Edward Jones?
Raymond James Financial scored higher in 2 areas: % Recommend to a friend and Positive Business Outlook. Edward Jones scored higher in 5 areas: Compensation & Benefits, Work-life balance, Senior Management, Culture & Values and CEO Approval. Both tied in 2 areas: Overall Rating and Career Opportunities.
What are the fees at Raymond James?
Raymond James Advisory Fee
| Account Balance | Raymond James Annual Fee |
|---|---|
| First $500,000 | 2.25% |
| Next half million | 1.75% |
| Next $4,000,000 | 1.25% |
| Balances over $5,000,000 | 1.00% |
Can a financial advisor steal your money?
If your financial advisor outright stole money from your account, this is theft. These cases involve an intentional act by your financial advisor, such as transferring money out of your account. However, your financial advisor could also be stealing from you if their actions or failure to act causes you financial loss.
Why you should not use a financial advisor?
Avoiding Responsibility
It’s really easy to become dependent on your financial advisor. … The fees you pay to a financial advisor may not seem like a lot, but it is a huge amount of money in the long-term. Even a 2% fee can wipe out a significant amount of your future wealth building.
Can you negotiate financial advisor fees?
Negotiate for Lower Fees
Another way to pay less is to negotiate a financial advisor’s fee. … If you like the advisor but want fewer services than they typically provide for a client, they may be able to justify charging you less. The same is true if you‘re bringing them more assets than they typically manage.
How much do Edward Jones advisors make?
Average Edward Jones Financial Advisor yearly pay in the United States is approximately $65,623, which meets the national average. Salary information comes from 82 data points collected directly from employees, users, and past and present job advertisements on Indeed in the past 36 months.
How much do top financial advisors make?
How Much Does a Financial Advisor Make? Financial Advisors made a median salary of $87,850 in 2019. The best-paid 25 percent made $154,480 that year, while the lowest-paid 25 percent made $57,780.
What percent commission does a financial advisor make?
Commission: The average commission is based on a percentage of your investment in a fund, which falls between 3–6%. Hourly fee: The average hourly financial planner fee ranges between $120–300.
Is Raymond James a big bank?
Raymond James Financial is one of the largest banking institutions in the United States The corporate headquarters is located in St. Petersburg, Florida.
How many clients does Raymond James have?
Through its three broker/dealer subsidiaries, Raymond James Financial has approximately 7,300 financial advisors serving in excess of 3 million client accounts in more than 3,000 locations throughout the United States, Canada and overseas. In addition, total client assets are approximately $664 billion.