CAPTRUST vs Raymond James Fees: What Each Costs in Dollars at $250k, $500k, $1M

Guides › Financial Advisor Fees

Updated September 19, 2026. Quick answer: CAPTRUST is less expensive at $500,000: $6,250 a year, versus $13,750 a year for Raymond James, computed from each firm’s own SEC-filed fee disclosure. See the full side-by-side table below for $250,000, $1 million and $2 million.

What each firm charges, side by side

CAPTRUST discloses a tiered schedule starting at 1.25% (CAPTRUST Financial Advisors Form ADV Part 2A – Wealth Client Brochure, March 27, 2026); Raymond James discloses a tiered schedule starting at 2.75% (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).

What the fee includes, in each firm’s own words

CAPTRUST (CAPTRUST Financial Advisors Form ADV Part 2A – Wealth Client Brochure, March 27, 2026): “Advisory fees, minimum account sizes, and services are negotiable and detailed in the advisory agreement. Advisory fees generally will be calculated as a percentage of total assets under management. Adviser’s standard fee schedule, effective January 1, 2026, is as follows: Annual Advisory Fees Assets Under $10 Million at Initial Funding First $1M at 1.25% Next $1M at 1.00% Next $3M at 0.85% Assets over $5M at .70%”

CAPTRUST’s standard fee schedule (effective January 1, 2026) is marginal/tiered like a tax bracket. At $250,000 and $500,000 the entire balance falls in the first $1M tier, so the fee is balance x 1.25% ($3,125 and $6,250). At $1,000,000 the fee is $1,000,000 x 1.25% = $12,500. At $2,000,000 the fee is ($1,000,000 x 1.25%) + ($1,000,000 x 1.00%) = $12,500 + $10,000 = $22,500.

Raymond James (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): “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%.

How this compares

Our benchmark of published adviser fee schedules puts the weighted median annual cost near $2,000 to $2,500 on $250,000 (the benchmark). At $500,000, CAPTRUST runs $6,250 a year and Raymond James runs $13,750 a year: a difference of $7,500 a year at that balance.

Want the full breakdown for either firm on its own? Read the CAPTRUST fee page or the Raymond James fee page for the complete tier table and source citations.

Comparing these two against a full move? Read the general mechanics of switching financial advisors, or use a dated termination letter once you decide.

Sources

• CAPTRUST Financial Advisors Form ADV Part 2A – Wealth Client Brochure (March 27, 2026): https://www.captrust.com/wp-content/uploads/2026/03/2026-CAPTRUST-Form-2A-Wealth-Client-Brochure-FINAL.pdf
• SEC Investment Adviser Public Disclosure, CAPTRUST Financial Advisors (CRD #175112): https://adviserinfo.sec.gov/firm/summary/175112
• 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
• SEC Investment Adviser Public Disclosure, Raymond James & Associates, Inc. (CRD #705): https://adviserinfo.sec.gov/firm/summary/705

Methodology. This page was built September 19, 2026, re-pairing figures already archived and independently verified for CAPTRUST and Raymond James from each firm’s own SEC-filed disclosure; sources linked above. Nothing here is personalized financial, tax, legal, or investment advice. See our Editorial Policy, Corrections, Affiliate Disclosure, and Disclaimer.