Raymond James CEO Defends Payout Cuts, Reports Record Results

Raymond James Financial Services, the company’s independent contractor unit, added 68 advisors in the quarter, to 4,289. The employee-based Raymond James Associates lost five …

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RayJay Lowers Payouts For Brokers In Employee Channel

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Jul 11, 2017 · The compensation cuts will reduce grid-based payout percentages by around 100 basis points for brokers generating $350,000 to $5 million of fees and commissions annually …

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Sep 30, 2024 · Details: While Raymond James retained about 60% of the assets and advisors, they lost approximately $5.2 billion in AUM and 85 advisors. The main reason for the …

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Raymond James Could Be On The Hook For $40 Million In Additional ...

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Jan 10, 2025 · Raymond James & Associates Inc., where financial advisors work as employees of the firm, agreed to settle the matter with the SEC and pay $50 million. "The off-platform $50 …

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Apr 15, 2019 · In 2017, Raymond James cut 100 basis points in advisor pay — the first time it changed compensation in four years. That same year, Ameriprise Financial changed up its mix …

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Apr 24, 2018 · Raymond James, for example, cut core pay by 100 basis points, the first compensation change the firm has made since 2013. But even firms that were known for …

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FAQs about Raymond James CEO Defends Payout Cuts, Reports Record Results Coupon?

Is Raymond James an aggressive recruiter?

Raymond James has been an aggressive recruiter across its brokerage channels in recent years, as many of its competitors were cutting hiring budgets. ...

Why are Raymond James brokers on edge?

Brokers at Raymond James have been on edge, however, because of cutbacks at the company. Raymond James last week eliminated more than 500 jobs, or just under 4% of its workforce, in response to a coronavirus-related reduction in earnings. ...

How many W-2 employees does Raymond James have?

Raymond James & Associates as of June 30 had 3,379 brokers who are so-called W-2 employees—up 5% from a year earlier. Raymond James Financial, the parent company, also works with 4,800 independent contractor brokers who work under a different comp scheme that is much more stable than the one governing employed brokers. ...