Guides › Financial Advisor Fees
Updated September 18, 2026. Quick answer: Raymond James is registered with the SEC as both a broker-dealer and an investment adviser. Per its own current fee brochure, a $500,000 account would run $13,750 a year under its published fee schedule; the minimum to open an account is $25,000 to $5,000,000 for Raymond James Consulting Services (RJCS), depending on strategy. Is it a fiduciary? Yes, when it is acting as your investment adviser; when the same representative acts as your broker-dealer instead, the applicable standard is best-interest, not fiduciary, and its own Form CRS states representatives can earn commissions in that capacity.
Raymond James at a glance
| Fact | What Raymond James’ own pages say |
|---|---|
| Legal entity | Raymond James & Associates, Inc. |
| Registration | Raymond James & Associates, Inc. (“Raymond James,” “we,” “us”) is registered with the Securities and Exchange Commission (SEC) as both a broker/dealer and an investment adviser and is a member of the Financial Industry Regulatory Authority (FINRA) and the Securities Investor Protection Corporation (SIPC). |
| Fee on a $500,000 account | $13,750 a year, per its own current brochure |
| Minimum to open an account | $25,000 to $5,000,000 for Raymond James Consulting Services (RJCS), depending on strategy |
| Cost to leave (exit fee) | See how to leave Raymond James |
What Raymond James’ own fee schedule charges
“We maintain a fee schedule (“maximum fee schedule”) that outlines the maximum fee rates that can be charged to clients at specific asset-level breakpoints. We calculate maximum Fees on a retroactive basis instead of on an incremental basis. As the aggregated Relationship Value reaches each higher asset tier, or “breakpoint,” the applicable Fee is reduced and assessed retroactively to the first dollar of your account assets. RJCS Equity/Balanced, Schedule A: Up to $1M, 2.75%; $1M-$2M, 2.50%; $2M-$5M, 2.25%; $5M-$10M, 2.00%; $10M+, 1.75%.”
Raymond James’s Consulting Services (RJCS) flagship program is a breakpoint schedule, not a marginal one: your entire account is billed at a single rate, based on which asset-level bracket the whole balance falls into, applied retroactively to the first dollar. The brochure publishes two rate columns for Equity/Balanced accounts, Schedule A and Schedule B, without specifying the eligibility difference between them in the sections reviewed this session; this page uses Schedule A, the higher, first-listed of the two, so the figures shown are a maximum, not a guaranteed rate. Applying each bracket boundary as inclusive of its own labeled ceiling (so a $1,000,000 account is billed at the “Up to $1M” rate and a $2,000,000 account at the “$1M-$2M” rate): $250,000 and $500,000 both fall in the “Up to $1M” bracket at 2.75%; $1,000,000 stays in that same bracket; $2,000,000 falls in the “$1M-$2M” bracket at 2.50%.
| Account balance | Annual fee |
|---|---|
| $250,000 | $6,875 |
| $500,000 | $13,750 |
| $1,000,000 | $27,500 |
| $2,000,000 | $50,000 |
See the full breakdown, including how the figure is calculated, on Raymond James’ own fee page.
Is Raymond James a fiduciary?
Raymond James & Associates, Inc. (“Raymond James,” “we,” “us”) is registered with the Securities and Exchange Commission (SEC) as both a broker/dealer and an investment adviser and is a member of the Financial Industry Regulatory Authority (FINRA) and the Securities Investor Protection Corporation (SIPC).
“When we provide you with a recommendation as a broker/dealer or act as your investment adviser, we have to act in your best interest and not put our interest ahead of yours.”
Commissions, markups and mark downs earned in brokerage accounts, which vary by product.
Full detail, including the exact registration type and source: Raymond James’ fiduciary status, explained.
The minimum to open an account
“$25K-$5M, dependent on selected strategy.”
$25,000 to $5,000,000 for Raymond James Consulting Services (RJCS), depending on strategy. See the full minimum-investment breakdown, including what that minimum would cost per year, on Raymond James’ minimum investment page.
What it costs to leave
A dedicated how-to-leave page for Raymond James covers the exit costs in full. The general mechanics of switching financial advisors and a dated termination letter apply regardless of firm.
What we would compare it against
Before you decide, run the numbers against another firm using the financial advisor fee comparison, or price the dollar cost of any percentage fee over time with the Financial Advisor Fee Calculator and the Fee Drag Calculator.
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Answer againSources
- Raymond James & Associates, Inc. Wrap Fee Program Brochure, Form ADV Part 2A Appendix 1, “Maximum Fee Schedule for AMS Managed and IAR Managed Programs” (June 26, 2026): https://www.raymondjames.com/legal-disclosures
- Form CRS (Client Relationship Summary) (September 22, 2025): https://reports.adviserinfo.sec.gov/crs/crs_705.pdf
- SEC Investment Adviser Public Disclosure, Raymond James & Associates, Inc. (CRD #705): https://adviserinfo.sec.gov/firm/summary/705
- Raymond James & Associates, Inc., SEC Form ADV filing: https://reports.adviserinfo.sec.gov/reports/ADV/705/PDF/705.pdf
Methodology. This page was built September 18, 2026, drawing directly on Raymond James’ own current fee brochure and Form CRS, both linked above, plus this site’s own already-published fiduciary, minimum-investment, and (where one exists) how-to-leave pages for the same firm, each independently sourced when it was built. Any distinction we could not independently confirm this session is named as an honest gap rather than presented as verified. Nothing here is personalized financial, tax, legal, or investment advice, and it is not a substitute for reading Raymond James’ own Form ADV Part 2A and Form CRS. We have not used Raymond James as a client. Raymond James did not pay for, review, or influence this content. See our Editorial Policy, Corrections, Affiliate Disclosure, and Disclaimer.
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