Our Pricing Models | Wealth Managers

Charging

Raymond James allows you to use multiple pricing models for different client segments. Choose from three pricing models depending on your clients’ portfolio sizes and expected trading volumes.

Our tiered-bundled pricing model has four tiers that reduce from 0.3% to 0.1% as the portfolio value increases (model 1 allows you to link household accounts for fee purposes). We also have our semi-bundled and unbundled options.

Charges

	Model 1 0.3% down to 0.1% Tiered bundled	Model 2 0.25%/£12.50 Semi bundled	Model 3 0.15%/£27 Unbundled
Custody charge	0.3% – 0 to £500k 0.25% – £500k to £1m 0.15% – £1M – £5m 0.1% – £5m+ ^{£300 minimum per annum}	0.25%	0.15%
Transaction charges	Trade execution charge: £0 ^{(Fair usage policy applies)} Overseas trades: £15 per trade ^{(inclusive of any global agent charge)} Overseas holding charge: £24 p/a ^{(charged as £2 per month for each overseas holding per account)}	Trade execution charge: £12.50 Overseas trades: £15 per trade ^{(inclusive of any global agent charge)} Overseas holding charge: £24 p/a ^{(charged as £2 per month for each overseas holding per account)}	Trade execution charge: £27 Overseas trades: £15 per trade ^{(inclusive of any global agent charge)} Overseas holding charge: £24 p/a ^{(charged as £2 per month for each overseas holding per account)}
Account maintenance	£0	£0	ISA / GIA: £50+VAT p/a Other: £0
Client valuations	Up to 4 free valuations p/a	Up to 4 free valuations p/a	Up to 17.50+VAT per report
CGT service including annual report	£125+VAT per account p/a	£125+VAT per account p/a	£125+VAT per account p/a

Wealth manager charges can either be tiered or a flat percentage. We can account for VAT and also split VATable/non-VATable charges.

To find out more about these pricing models and other value-add services we can provide to you and your clients, please contact our business development team.

Raymond James does not have a formal minimum account size per client, but we do require that the average account size across the wealth managers’ total portfolio of clients with Raymond James is at least £100,000.

Bear market of 1974

The severe bear market of 1974 threatened the existence of Raymond James, which was bleeding capital by the day. Tom James, his father and other leaders took extreme measures to keep the firm afloat, slashing costs, forgoing pay checks and even attempting to sell the firm for just enough capital to protect client assets and retain as many associates as possible. The story could have ended very differently if not for a sharp upturn and continued rebound in the stock markets late in the year.
This “fortunate near-death experience” (as Tom calls it) permanently marked his psyche, and has influenced our firm’s character and culture since, solidifying the conservative nature that emphasizes a determined focus on the long term – both for clients and the firm.

We appreciate that market commentary can be informative and helpful, particularly in times of market volatility.

To view our most recent Market Commentary click here.

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Black Monday

On 19 October 1987, the stock markets experienced a dramatic plunge that prompted many firms to shut down their trading desks and turn off their phones to minimize internal losses. Raymond James refused to do the same. Our desks stayed open to help meet clients’ needs, resulting in our first and only unprofitable quarter since the firm went public in 1983.

Who was Raymond James?

The Raymond in our name is actually from Edward Raymond, owner of a 15-employee mutual fund sales group, Raymond and Associates, along Florida’s west coast. He sold his company to Bob James on 15 July 1964, on condition that the surviving firm be called Raymond, James & Associates.

Three days after the sale, Ed Raymond was involved in a near-fatal automobile accident and never joined the firm.

Nonetheless, even after Raymond had passed away, Bob James insisted that his name remain on the door – ahead of James’ own. That was a promise he made to Ed Raymond three days before the accident, and Bob James was a man who kept his promises.

Taking Raymond James Public

When consideration was being given to taking Raymond James public, Tom James penned a letter to shareholders (largely employees at the time).
He wrote:

” … the public offering should be considered as a statement of our independence. While this is a psychological rather than an economic rationale, it is nonetheless very important. We have asserted for some time that we are not interested in becoming a small part of a very large corporation. That assertion results mainly from the inclinations of management rather than the economic benefits associated with either alternative. The public stock offering affords us the opportunity to enjoy a little bit of the best of both worlds. While shareholders will be given liquidity at fair market value, we will still have the ability to control our own destiny.”

After 40+ years of Tom’s leadership, upon becoming CEO, Paul Reilly was often questioned about whether the company might ultimately surrender its cherished independence and be acquired by some larger entity. His response: “Not while I’m around.” It’s a theme that continues today.