WHY RAYMOND JAMES BUSINESS MODELS PRIVATE CLIENT SOLUTIONS SUPPORT SERVICES EQUITY CAPITAL MARKETS
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BUSINESS MODELS

Independent Agent

Our Independent Agent Model is designed for the Financial Advisor who wants to thrive in an entrepreneurial environment. You have the freedom to independently manage your business, while still having access to all of the products and services that Raymond James has to offer. With over 90 Independent Agent offices established across Canada, we invite you to discover why you should go independent.

Growth of the Independent Agent Model

  • Since its introduction in Canada in 2003, the number of Advisors partnering with us using our Independent Agent model has grown from 1 to over 250.
  • Over the past two years, over 100,000 Advisors have migrated to the independent model in the US. Today, there are approximately as many Advisors operating under this model as there are with traditional wirehouse platforms.

A Perfect Fit For Your Career

  • Attractive to experienced advisors with AUA > $50M
  • Ideal for sole proprietors, business partnerships, business builders, or syndicate-type offices.
  • Freedom To Run YOUR Business.
  • You make the decisions for the branch.
  • You provide all branch support (office furniture, computer hardware and software, support staff, etc.); and we provide you with our full suite of products and services. The difference between being an Independent Agent and an Independent Employee is invisible to your clients.
  • You own the relationship with your clients, and we will guarantee this for you in writing.
  • You serve your clients without conflict of interest from the pressures of proprietary products.

Financial Advantages

  • Independent Agents receive much higher compensation than under the traditional employee model. Compensation is paid to the Agent with no withholdings. Escalating bonuses are paid to offices generating more than $1mm in commissions and fees. Attractive financial transition package available for all incoming Agents.
  • Agent is a business owner for employment and tax status. This structure would be the accepted structure for an Advisor considering incorporation; note that the option of incorporation is still not yet approved by the regulatory authorities. Advisors can benefit from business deductions and income-splitting opportunities otherwise unavailable to them as employees (consult your accountant).