Affiliation Option Comparison Chart
A spectrum of affiliation options for financial advisors.
| Model | Qualifications | Payout | Compliance |
|---|---|---|---|
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Model
Raymond James Ltd. Corporate Model
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Qualifications
$60M in AUA and $600,000 in T12 revenue to join an existing corporate branch.
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Payout
Up to 56% in cash compensation; up to 5% in Raymond James Financial, Inc. stock (RSUs); up to $150,000 in Net New Asset (NNA) bonuses.
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Compliance
Tier 1 supervision covered by Branch Manager. Tier 2 supervision/oversight is the responsibility of corporate compliance.
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|
Model
Raymond James Ltd. Independent Model
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Qualifications
$60M in AUA and $650,000 in T12 revenue to open your own independent office, or advisors can join an existing location based on Lead Agent's criteria.
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Payout
Up to 85% (less transaction costs) in cash compensation; up to 3% additional cash bonus payout based on total production.
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Compliance
For the Lead Agent: Supervision is conducted by corporate compliance and is complimentary. // For Associate Advisors: Tier 1 supervision is the responsibility of the Lead Agent. At their discretion, Tier 1 supervision may be subcontracted to corporate compliance for a fee of 5% of the Associate Advisor's production.
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Model
Raymond James Investment Counsel Corporate Model
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Qualifications
$50M in AUA and $550,000 in T12 revenue to join an existing corporate branch.
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Payout
Up to 56% in cash compensation; up to 5% in Raymond James Financial, Inc. stock (RSUs).
|
Compliance
Corporate compliance provides supervision as required under provincial securities regulation (rather than CIRO rules). Tier 1 & 2 supervision is not applied within the PM space but suitability and managed account oversight are performed by compliance.
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Model
Raymond James Investment Counsel Independent Model
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Qualifications
$60M in AUA and $600,000 in T12 revenue to open your own independent office, or advisors can join an existing location based on Lead Agent's criteria.
|
Payout
Up to 80% (less administration costs) in cash compensation; up to 3% additional cash bonus payout based on total production.
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Compliance
Corporate compliance provides supervision as required under provincial securities regulation (rather than CIRO rules). Tier 1 & 2 supervision is not applied within the PM space but suitability and managed account oversight are performed by compliance.
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Model
Raymond James Correspondent Services Portfolio Manager
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Qualifications
Variable, depends on business model; if qualified for securities commission approval, will likely qualify as RJCS client.
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Payout
100% to PM; PM firm, or PM firm client, incurs custody/trade charges. PM firm determines fees to be charged to their clients.
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Compliance
AML compliance & FATCA remain a joint responsibility. KYC/KYP is the responsibility of the PM firm.
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Model
Raymond James Correspondent Services CIRO Firm
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Qualifications
Variable, depends on business model; if qualified for CIRO, will likely qualify as RJCS client.
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Payout
100% to your firm; introducing broker incurs custodial/trade charges and determines commissions and fees to their clients.
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Compliance
AML compliance & FATCA remain a joint responsibility. KYC/KYP is the responsibility of the introducing broker.
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Raymond James Ltd. is a member of the Canadian Investment Regulatory Organization (CIRO) and of the Canadian Investor Protection Fund (CIPF). Customers’ accounts are protected by the Canadian Investor Protection Fund within specified limits. A brochure describing the nature and limits of coverage is available upon request or at www.cipf.ca. 3Macs, MacDougall, MacDougall & MacTier and Raymond James Correspondent Services are divisions of Raymond James Ltd. Raymond James Ltd. is an integrated financial services firm. Its subsidiaries, Raymond James Investment Counsel Ltd., Raymond James Financial Planning Ltd., Solus Trust Company and Raymond James Trust (Québec) Ltd. are not members of the CIRO or the CIPF. Please consult each subsidiary’s webpages for applicable corporate, regulatory or membership information.
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