Guides › Financial Advisor Fees
Updated September 19, 2026. Quick answer: Fidelity Wealth Management 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.
More head-to-head fee comparisons: Buckingham Strategic Wealth vs Raymond James Fees and CAPTRUST vs Raymond James Fees.
Raymond James against another large firm: Raymond James vs Vanguard Personal Advisor Fees.
How much does Raymond James charge?
At $500,000, Raymond James runs $13,750 a year, versus $6,250 for Fidelity Wealth Management, computed from each firm’s own SEC-filed fee disclosure.
What each firm charges, side by side
| Account balance | Fidelity Wealth Management (annual fee) | Raymond James (annual fee) |
|---|---|---|
| $250,000 | $3,750 | $6,875 |
| $500,000 | $6,250 | $13,750 |
| $1,000,000 | $11,750 | $27,500 |
| $2,000,000 | $20,750 | $50,000 |
Fidelity Wealth Management discloses a tiered schedule starting at 1.50% (capped at $6,250) (Fidelity Wealth Services Form ADV Part 2A Brochure (Strategic Advisers LLC), March 30, 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
Fidelity Wealth Management (Fidelity Wealth Services Form ADV Part 2A Brochure (Strategic Advisers LLC), March 30, 2026): “ANNUAL ADVISORY FEE SCHEDULE FOR PROGRAM ACCOUNTS: Wealth Management and Private Wealth Management. If Average Daily Assets total $500,000 or less: For Average Daily Assets from $0 to $500,000, 1.50% (up to a maximum of $6,250). If Average Daily Assets total more than $500,000: For the first $500,000, 1.25%; for the next $500,000, 1.10%; for the next $1,000,000, 0.90%.”
This is the Gross Advisory Fee; Fidelity applies a Credit Amount that can lower the Net Advisory Fee a client actually pays, which is not quantified in the public schedule.
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, Fidelity Wealth Management 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 Fidelity Wealth Management fee page or the Raymond James fee page for the complete tier table and source citations.
Thinking about leaving one of these firms instead of pricing what you would pay to stay? See what it costs to leave Fidelity Wealth Management, or read the general mechanics of switching financial advisors.
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- Fidelity Wealth Services Form ADV Part 2A Brochure (Strategic Advisers LLC) (March 30, 2026): https://www.fidelity.com/bin-public/060_www_fidelity_com/documents/FWS-program-fundamentals.pdf
- SEC Investment Adviser Public Disclosure, Strategic Advisers LLC (CRD #104555): https://adviserinfo.sec.gov/firm/summary/104555
- 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 Fidelity Wealth Management 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.
Weighing whether to move ahead? Read the full Fidelity Wealth Management review, including its fiduciary status and what it costs to leave.
Already with Raymond James and weighing a move? How to leave Raymond James covers what it costs to transfer out.