Managed Advisory Fee Program Benefits
Our annual advisory fee starts at 1.0% per year for all aggregated accounts up to $1,000,000 and ..90% for aggregated accounts up to $2,000,000 based upon the total initial investment. Aggregated account values over $2,000,000 are negotiable based upon level of services provided.
Our personalized investment advisory services are offered through Raymond James Ambassador advisory fee platform. This annual advisory fee is broken down in quarterly charges which cover the following:
Buy/ Sell transactions.*
Initial stop loss transactions & monitoring.
Portfolio management, stock selection and ongoing advice.
Income tax return information support.
Wire Transfers up to 4 per year.
Financial planning services to include:
Retirement Income Analysis
Life Insurance Analysis
Long Term Care Analysis
Charitable Giving & Estate Plan Analysis through RJFS Wealth Planning Dept. (Minimum $2MM net-worth required)
All annuities and C share mutual funds are excluded from billing. The value of those assets will still be considered and applied to achieve lower account fees.
We believe a managed fee structure is more beneficial than charging various individual commissions and fees. Compare the idea to having an all-inclusive mobile phone plan which allows you to talk, text, and surf the web for one price. When we apply this analogy to managing investments, you get all transactions, stop order risk mitigation strategy, portfolio management, financial planning, retirement planning, life insurance analysis, estate plan analysis, and back-office service within a transparent fee structure.
Richard Hendry- Registered Principal with Raymond James Financial Services Inc.
*The asset-based fees associated with the aforementioned managed and advisory account programs include all execution and clearing charges except: (1) certain dealer-markups and odd lot differentials, taxes, exchange fees charged to clients to offset fees Raymond James pays to exchanges and/or regulatory agencies on certain transactions and any other charges imposed by law with regard to any transactions in the account; and (2) offering concessions and related fees for purchases of public offerings of securities as more fully disclosed in the prospectus.
All investing involves risk and you may incur a profit or a loss. In an asset-based fee relationship, you pay an annual fee for the advice and services provided by your financial advisor as part of the advisory relationship. This fee is based on the level of assets in your account, independent of the level of trading activity. By deciding to pay a fee based on services provided rather than transactions, you should understand that the fee may be higher than the cost of a commission alternative during periods of lower trading activity. You should understand that the annual advisory fee charged in the Ambassador Investment Account program is in addition to the management fees and operating expenses charged by the open-end, closed-end and exchange traded funds. To the extent that you intend to hold fund shares for an extended period of time, these internal fund expenses should be added to the annual advisory fee when evaluating the costs of an Ambassador Account. In addition, certain mutual fund families impose short-term trading charges (typically 1 to 2% of the original amount invested) which are generally NOT waived for fee-based accounts.
You should consider these factors when deciding whether the Ambassador Account is right for you:
- Your past and anticipated investment activity
- Your past and anticipated use of the products and services available in the account
- The value and type of your eligible assets
- The costs and potential benefits of the service
- Your investment objectives and goals
- Additional financial and planning services provided by your financial advisor
- Your personal preferences concerning the payment alternatives available to you
You should also consider whether it would be better for you to pay separately for each trade you execute and each product and service you use. Since these factors may change, you should periodically re-evaluate whether the ongoing use of a particular asset-based fee program continues to be appropriate in servicing your needs. Please ask your financial advisor for a complete schedule of charges associated with the Ambassador Account, available in the Form ADV Part 2A or the Ambassador Client Agreement.