Our employed affiliation option empowers wealth managers to run their own practice while benefiting from the security of employment. Raymond James takes responsibility for managing office space, hiring and HR support, whilst allowing the wealth manager to fully concentrate on clients and developing their practice.
We enable wealth managers to build a long-term career by providing a choice of affiliation options and delivering a foundation for growth – through an array of resources, tools, guidance and Service 1st support from day one.
At Raymond James we understand that goals, ambitions and circumstances can change over time. That’s why we offer the flexibility to move from one affiliation option to another. We’re here to support wealth managers’ visions and adapt to their evolving goals, from onboarding to retirement, all while ensuring client relationships remain the focus.
Our wealth managers benefit from the same level of client protections, standards and policies, supervision and research access whether they join us as an independent contractor or employee, which makes moving between the affiliation options easier, should they decide there is a better option for them and their clients.
At Raymond James we offer products and services that are refined and evolved at pace, and align with clients’
needs, combined with technology that adapts to the way wealth managers work today. We provide a connected
and complementary range of tools that make running a branch seamless, and crucially, it gives our wealth
managers more of their most valuable commodity – their time.
| Employed Affiliation | Independent Contractor | Investment Management Platform | |
|---|---|---|---|
| Custody | ✔ | ✔ | ✔ |
| Portfolio Management Tools | ✔ | ✔ | ✔ |
| Access to investment Products & Tax Wrappers | ✔ | ✔ | ✔ |
| Access to internal & third-party research | ✔ | ✔ | £ |
| Investment Management & Advice Framework | ✔ | ✔ | |
| Supervision & Risk Management | ✔ | ✔ | |
| CRM and Financial Planning Tools | ✔ | ✔ | |
| Professional Indemnity Insurance | ✔ | ✔ | |
| Financial Assistance | ✔ | ✔ | |
| Practice Intelligence | ✔ | ✔ | |
| Retirement & Succession Planning | ✔ | £ | |
| Marketing | ✔ | ||
| Premises* | ✔ | ||
| HR Support | ✔ |
*Independent contractors can choose their own office location.
If you’re a firm authorised by the FCA seeking a platform partner that understands and can support your investment management offering, our Investment Management Platform offers a highly competitive solution with optimal efficiency and control.
Wealth managers that choose to work with Raymond James as an independent contractor enjoy all the rewards of running their own practice alongside the resources of a full-service, global financial services firm.
Unlike employed affiliates, our independent contractors are responsible for choosing their office space, hiring, and management of their teams.
The team will walk you through our different business models and help you determine which model best suits you and your long term goals.
