Please read information about Stewardship and Shareholder rights at Raymond James.
Following Brexit, the EU SRD II was transposed directly into the FCA’s rulebook. It imposes certain disclosure requirements for asset managers and asset owners on engagement and investment strategies as investors in shares traded on regulated markets. This is to enhance the transparency for shareholders on the exercise of shareholder voting rights by firms that manage investor portfolios.
Pursuant to SRD II, Raymond James Investment Services Limited (“Raymond James”) must either disclose a shareholder engagement policy together with an annual report on how the policy has been implemented in the prior year, or provide a clear and reasoned explanation of why we are not making such disclosures.
Raymond James provides Discretionary Investment Management services to clients using a devolved investment proposition. This allows each Raymond James branch to determine their own investment strategy, which will include aspects of shareholder engagement. As a result, there is no single identifiable engagement policy at the firm level, as the services provided to Raymond James clients are not generally involved in active shareholder engagement in respect of those shareholder rights. Information about shareholder engagement can be obtained from respective branches where applicable.
Whilst Raymond James Investment Services is able to provide Discretionary Management services to Professional Clients, due to the varied nature of the business models and investment strategies which are utilised by our wealth managers, active engagement with the boards of companies they may have invested in does not occur and our Professional Clients do not expect such engagement to take place. As such, Raymond James Investment Services does not commit to the Financial Reporting Council’s Stewardship Code.
Raymond James, Charles Stanley and Charles Stanley Direct are trading names of Raymond James Wealth Management Limited.
Raymond James Wealth Management Limited (formerly Charles Stanley & Co. Limited) and Raymond James Investment Services Limited have been brought together to form a single UK business operating under Raymond James Wealth Management. This combined business brings together the experience and expertise of both firms within one UK company and continues their long-standing commitment to providing high quality client service.
As we continue to integrate these businesses, we will share information relevant to the services we provide and your arrangements with us. If you are unsure whether any information applies to you, please contact your wealth manager or our client support team.
