Guides › Financial Advisor Fees
Updated October 3, 2026. Quick answer: Cambridge Investment Research has the lower published fee at $500,000: up to $11,250 a year (the published maximum, which the firm says is negotiable), versus $13,750 a year for Raymond James, computed from each firm’s own SEC-filed fee disclosure. Where a firm publishes only a maximum rate, the figure shown is that maximum, and what you pay may be lower. See the full side-by-side table below for $250,000, $1 million and $2 million.
What each firm charges, side by side
| Account balance | Cambridge Investment Research (annual fee) | Raymond James (annual fee) |
|---|---|---|
| $250,000 | Up to $5,625 | $6,875 |
| $500,000 | Up to $11,250 | $13,750 |
| $1,000,000 | Up to $22,500 | $27,500 |
| $2,000,000 | Up to $45,000 | $50,000 |
Cambridge Investment Research discloses a published maximum rate of 2.25%, which the firm says is negotiable (Cambridge Investment Research Advisors, Inc. Form ADV Part 2A Disclosure Brochure, July 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
Cambridge Investment Research (Cambridge Investment Research Advisors, Inc. Form ADV Part 2A Disclosure Brochure, July 2026): “The investment advisory fee for accounts managed through the Cambridge Managed Account Platform (“CMAP”) is based on the amount of assets under management, including cash balances deposited in a Federal Deposit Insured Corporation (“FDIC”) insured multi bank program (“Program”). … The investment advisory fee is negotiable and is subject to discounts on a Financial Professional-by-Financial Professional, client-by-client, or account-by-account basis. … The maximum allowable advisory fee that can be charged will not exceed 2.25% of assets under management on an annual basis.” Maximum annual advisory fee (Cambridge Managed Account Platform, Flexible Managed Account Platform, WealthPort Advisor-directed / Team-directed): 2.25%; Maximum annual advisory fee (WealthPort CAAP / UMA programs): 2.15%.
CIRA’s Form ADV does not publish one fixed rate schedule. Advisory fees on its primary managed-account platforms (CMAP, FlexMAP, WealthPort Advisor-directed/Team-directed) are individually negotiated between the client and Financial Professional, subject to a disclosed maximum of 2.25% of AUM annually (WealthPort CAAP/UMA caps at 2.15%). The dollar figures on this page apply that 2.25% maximum to each balance, as the most a client could be charged. Actual fees are typically lower and individually negotiated per client/advisor.
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
The median ria charges roughly 1.0% of assets under management annually (the benchmark). At $500,000, Cambridge Investment Research runs up to $11,250 a year (the published maximum) and Raymond James runs $13,750 a year: a difference of $2,500 a year between those figures at that balance.
Want the full breakdown for either firm on its own? Read the Cambridge Investment Research 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.
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Cambridge Investment Research runs up to $11,250 a year (the published maximum) at $500,000. See what else is available.
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Answer againSources
- Cambridge Investment Research Advisors, Inc. Form ADV Part 2A Disclosure Brochure (July 2026): https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1055573
- SEC Investment Adviser Public Disclosure, Cambridge Investment Research Advisors, Inc. (CRD #134139): https://adviserinfo.sec.gov/firm/summary/134139
- 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 October 3, 2026, re-pairing figures already archived and independently verified for Cambridge Investment Research 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.