Raymond James Freedom Portfolios

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Jan 30, 2010 9:46 pm

What is the typical fee structure on these accounts?

Jan 30, 2010 9:51 pm

Are you going against Ray Jay?

  Is it an ETF portfolio or Mutual Fund?
Jan 31, 2010 12:29 pm

It’s mutual funds. I actually googled it and ended up finding a pdf of the account agreeement. Looks like the standard for them is 1.75%.

Jan 31, 2010 12:31 pm

It is normally discounted, and further depends if the FA is with RJA or RJFS.

    ***And thanks for making me get rid of my '666' post count on this one.
Jan 31, 2010 3:24 pm

Hah.  I’m like the stern father figure that the spoiled child revolts against.

  MsBroker - clean out your inbox - I've got Freedom info.
Feb 1, 2010 2:58 pm

[quote=Wet_Blanket]It is normally discounted, and further depends if the FA is with RJA or RJFS.

    ***And thanks for making me get rid of my '666' post count on this one.[/quote] Could you explain this a little more?   If RJA the firm where as RJFS is the indy? and why would the asset charge be different?
Feb 1, 2010 3:02 pm
mlgone:

Ms. Broker

Clean your box

       
Feb 1, 2010 3:04 pm

[quote=chief123][quote=Wet_Blanket]It is normally discounted, and further depends if the FA is with RJA or RJFS.

    ***And thanks for making me get rid of my '666' post count on this one.[/quote] Could you explain this a little more?   If RJA the firm where as RJFS is the indy? and why would the asset charge be different?[/quote]   Sorry, didn't see this post.  FA's under RJFS can *generally* discount a fee more than a FA under the RJA umbrella.  Does that address your question?
Feb 1, 2010 3:18 pm

Kind of... so in regards to Ms Broker's questions.. If the asset charge was 1.75%. What does someone at RJA get vs someone at RJFS? I am guessing there are program fees, etc?

Feb 1, 2010 3:21 pm

I'm not following - are you wanting the fee breakdown for each one?  If you are, then I don't know.  But what I do know is that almost all of the Freedom accounts are discounted (which can be a pretty large range depending on RJA or RJFS).

Feb 1, 2010 3:30 pm

Ms broker fees depend on strategy…

  Conservative &  high income: 1.25 first $200K, 1.00 next 300k, .75 over 500k All others 1.75 first 200k, 1.5 next 1.5 and 1.00 over 500k
Feb 1, 2010 6:22 pm

at RJFS you can discount the fee as much as you want. If you want to work for free , like a family account, you can discount down to the program fee, which is something like 29 bps (dont remember exactly) firm gets it all you get zero.  Payout is 75

Don t know about RJA but would be curious if anyone does know.