Business Models

RJIS offers three interchangeable affiliation options under our AdviserChoice proposition, providing private client investment professionals with alternatives so they can select the solution that is right for them. AdviserChoice also enables advisers to move between the models as their needs evolve. These three business models include:

Independent Contracting

  • For entrepreneurial stockbrokers, investment managers, financial planners and wealth managers who wish to create their own boutique business
  • Solution includes all the necessary regulatory, compliance, operational and commercial support required, allowing advisers to operate on terms suited to their clients and business needs
  • In this business model, a service agreement is established between RJIS and the investment professionals

Professional Partner

  • For sophisticated financial planning and professional practices looking to develop their own in house investment management or stockbroking service
  • Solution includes all the necessary regulatory, compliance, operational and commercial support required, allowing the practice to operate on terms suited to their clients and business needs
  • In this business model, a tripartite service agreement is established between RJIS, the investment managers and the intermediary firm

Wrap Platform

  • For sophisticated stockbroking, investment management and professional financial services practices serving high net worth clients
  • Solution enables the practice to deliver a highly competitive wealth management solution with optimal efficiency and control
  • Compliance, supervision and FSA regulation services are excluded
  • In this business model a service agreement is established between RJIS and the intermediary firm

For Independent Contracting and Professional Partner business models, RJIS provides compliance, supervision and FSA registration services, including:

  • Supervision of both investment management and financial planning activities
  • On site audits as well as desk based monitoring
  • Extensive compliance and regulatory guidance as provided on Advisers Resource, the RJIS extranet provided to all affiliated advisers and support staff
  • FSA registration for CF30
  • Professional indemnity insurance cover
  • ICAAP Assessment

The RJIS administration services are provided under all three business models, giving advisers access to:

  • Investment Tools
  • New Business Processing
  • Dealing and Settlement Services
  • Investment Administration
  • Revenue Processing
  • Online Account Access
  • Consolidated Client Reporting
  • Tax Reporting
  • Multiple Tax Wrappers
  • Custody and Safety of Assets through Multiple Custodians
  • Management Information
  • Data Export Capability
  • In Specie Transfers
  • Access to Broad Range of Asset Classes

The Raymond James model has proven capabilities in the US, Canada and the UK. Our aim is to provide exceptional support, service and capability to our affiliated investment advisers and their clients.

Full information on the RJIS administration services can be found under Products & Services