Item 5 - Fees and Compensation
Fees for Planning and/or Investment Consulting Services
We receive fees for providing planning and/or investment consulting services through your financial advisor. You may negotiate
planning and/or investment consulting fees (“Fees”) with your financial advisor. Fees charged for these services may depend
upon the anticipated time allocated to provide the services requested, the complexity of the plan, or your financial situation. The
services you selected and the Fees you agree to in advance are disclosed in the appropriate client agreement signed by you.
The Fees for planning services can be structured as an hourly rate or fixed (flat) dollar Fee, while investment consulting services
may be assessed as an hourly rate, a fixed (flat) dollar, or a percentage of assets under advisement Fee. Hourly Fees for
planning and/or investment consultation services are generally charged at a rate of up to $400 per hour. If charged as a
Raymond James & Associates, Inc. (“RJA”) Form ADV Part 2A Brochure Page | 6
percentage, the Fee is not to exceed 2.25% of the value of assets on which the investment consulting services are provided.
However, some legacy or long-established relationships continue to pay Fees based on older fee schedules agreed to by client.
For certain legacy clients, Fees or commissions charged in the implementation of a plan through an account at our Firm or our
affiliates may be used to discount or offset planning and/or investment consulting Fees; however, note that the services and
their accompanying fees or commissions would be provided and charged under a separate agreement than your Wealth Advisory
Services agreement. It is possible that you may pay more or less for similar services than may be available through another firm.
In addition, Fees for planning and/or investment consulting services may be offered to our employees, family members, and
friends at a reduced rate.
Billing for Planning and/or Investment Consulting Services
Fees associated with the planning and/or investment consulting services agreed to by you are disclosed in the Wealth Advisory
Services agreement. Service engagement begins on the effective date, as specified in the Wealth Advisory Services agreement.
Fees are payable in accordance with the schedule selected in the agreement. Payment can be made by check, ACH, wire from
your financial institution, or by debit from an RJA non-qualified account designated by you as an authorized account owner.
Other Expenses Not Associated with Planning and/or Investment Consulting Services
If a financial advisor discusses matters relating to a planning and/or investment consulting service with other third parties
authorized by you, you may be charged a separate fee by those third parties.
If you maintain accounts with us, or if we assist you in implementing your financial plan, you will pay other fees in addition to the
Fee for planning and/or investment consulting services. Those services may be subject to fees, commissions, or other expenses
that are entirely separate from the payment of fees in connection with our planning and/or investment consulting services. For
more information about those additional expenses that you may incur when implementing your planning and/or investment
consulting services through RJA, please refer to the RJA Wrap Fee Program Brochure. A copy is available, upon request, from
your financial advisor or you may visit our public website: https://www.raymondjames.com/legal-disclosures.
Termination of Wealth Advisory Services
You may terminate the Wealth Advisory Services agreement without penalty within five (5) business days from the effective date
of the agreement. You or our Firm may terminate the Wealth Advisory Services agreement by providing 10 days written notice
to the other party, otherwise the agreement automatically terminates after the stated termination period. Any early termination
of the agreement may result in a risk-based review to assess what portion of the selected services were provided, and, if needed,
to process any refund of unearned Fees as described in the Wealth Advisory Services agreement. Termination of the Wealth
Advisory Services agreement will end this service engagement between you and our Firm and we will have no obligation to
provide further services with respect to the terminated agreement.
Compensation
Firm Compensation
We provide a wide variety of financial services to individuals, municipalities, corporations, and other business entities. We have
business relationships with companies whose investment products and investment advisory programs we make available to our
financial advisors and their clients. Your financial advisor’s recommendation to you, and your participation in one of our programs
or services, results in compensation from other parties to our Firm, affiliates, and representatives, beyond our planning and/or
investment consulting services. This section describes the ways in which the Firm may be compensated (and therefore conflicted)
by other parties and how we mitigate those conflicts.
We have disclosed Firm compensation arrangements in connection with our planning and/or investment consulting services. If you
choose to implement a financial plan through us and wish to invest in one of our wrap fee programs, more information concerning
the various ways in which we are compensated in those advisory programs is contained in the RJA Wrap Fee Program Brochure. A
copy is available, upon request, from your financial advisor or you may visit our public website:
https://www.raymondjames.com/legal-disclosures.
Other Services
The subsidiary companies of RJ provide a wide variety of financial services to, among others, individuals, corporations, employer
sponsored retirement plans and municipalities. For these services, our Firm and/or our affiliates receive compensation. As a result,
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