Business Models

Raymond James 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 wealth managers to move between the models as their needs evolve. These three business models include:


INDEPENDENT CONTRACTING

PROFESSIONAL PARTNER

WRAP PLATFORM
  • For investment managers, stockbrokers and investment focused financial planners who wish to create their own boutique business
  • Includes compliance, supervision and FSA registration
  • A service agreement is established between Raymond James and the wealth managers
  • For financial planning and professional practices looking to develop their own in house discretionary investment management service
  • Includes compliance, supervision and FSA registration
  • A tripartite service agreement is established between Raymond James, the wealth managers and the intermediary firm
  • For directly authorised investment management and investment focused financial planning practices
  • Excludes compliance, supervision and FSA registration
  • A service agreement is established between Raymond James and the firm

For Independent Contracting and Professional Partner business models, Raymond James 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 Raymond James extranet provided to all affiliated wealth managers and support staff
  • FSA registration for CF30
  • Professional indemnity insurance cover

The Raymond James administration services are provided under all three business models, giving wealth managers access to:

  • Investment Tools
  • New Business Processing
  • Dealing and Settlement Services
  • Investment Administration
  • Revenue Processing
  • Secure 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 wealth managers and their clients.

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