Where is Raymond James

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Oct 3, 2009 11:50 pm

A year ago Rj was the talk of the town. Now even our message boards don't get comment from their advisors.I visited them last year. What happened ?

Oct 4, 2009 1:48 pm

The advisors at Raymond James are busy advising their clients without the media distraction of a wirehouse.  Moved last year from WB to RJA and could not be happier.

Oct 4, 2009 3:28 pm

Thats what I was going to say. No new is now good news as far as firms are concerned. And they can say "Hey,we still have our original name, we aren't UBS/Stifel or AG Edwards/Wach/Wells/Whoever, ML/bankofamerica/gov't or MSSB

Oct 4, 2009 4:01 pm

I joined RJ indie side 4 months ago, couldnt be happier.

There just are no issues to talk about. We dont have forefront,  transition bonuses, Senior Mangement lying through their teeth. We just run our business.
Oct 4, 2009 9:50 pm

Left UBS in 07 to go indie w RJ! Turned down a management job w Smith Barney, that came with an offer of $500K of restricted C (trading at $46 a share at the time) Dodged that bus.   RJ has been great.

Oct 5, 2009 12:15 am

I wish I had been that smart too

Oct 5, 2009 6:55 am

Its hard for people to get excited about a firm that's not Edward Jones. Raymond James is our little brother.



EDJ #1

Oct 5, 2009 9:08 am

This Weddle guy is funny!

 
Hey wired, i left an SB management job to come here - nice move, PM me, what area you are in
Oct 5, 2009 11:40 am

Can you RJ give some details about how you are setup(i have seen their website and seems to be many indy options).



Any negatives?

Oct 5, 2009 12:12 pm
Squash1:

Can you RJ give some details about how you are setup(i have seen their website and seems to be many indy options).

Any negatives?

 
Not sure if this is a negative, but clients can't trade options online.  Only stock, not even mutual funds.
 
But they have about 5 different options for being an advisor - ranging from employee to RIA.
Oct 5, 2009 1:59 pm

we have nothing to complain about - so i guess no news is good news.

Oct 5, 2009 5:20 pm

Nothing to talk about.  Was at AGE for 23 years.  After 6 months of being lied to by WB my partner and I decided it was time to go.  

 
RJ feels like AGE BB  (before Bagby)
 
I couldn't be happier.
Oct 5, 2009 9:47 pm

I never looked at any channel but the indie channel. I am a one man shop.


The only negative i can think of is that Compliance is a pain, as much as my old wire was. But in the end, i think its probably a positive, as it keeps us out of trouble.
There are always going to be good and bad when you compare RJ or any firm to any other firm. On balance though i am as happy as anyone could be with my choice.
Oct 6, 2009 8:16 am
Sportsfreakbob:

I never looked at any channel but the indie channel. I am a one man shop.


The only negative i can think of is that Compliance is a pain, as much as my old wire was. But in the end, i think its probably a positive, as it keeps us out of trouble.
There are always going to be good and bad when you compare RJ or any firm to any other firm. On balance though i am as happy as anyone could be with my choice.
 
RJFS compliance is nothing compared to RJA compliance (RJFS seems much more lenient).
Oct 7, 2009 10:42 am

I always though RJ's charges were kind of high(nickel and dime stuff)

Oct 8, 2009 2:37 am

My question is a corporate one . If we met with the area manager and Tom James and got no call back does that mean we suck and are not smart enough to work for RJ. Or , are they just in a quite period for opening new branches. Oh, wait, we got the same cold sholder from SF.....they said we wern't samrt enoygh.



Rj was the best firm we met with and even though we haven't heard from them we liked everyone we met in FL. A terrific bunch of people and I wish them well. More like AGE than anyone else we met with.

Oct 8, 2009 9:18 am
Redpen:

My question is a corporate one . If we met with the area manager and Tom James and got no call back does that mean we suck and are not smart enough to work for RJ. Or , are they just in a quite period for opening new branches. Oh, wait, we got the same cold sholder from SF.....they said we wern't samrt enoygh.

Rj was the best firm we met with and even though we haven't heard from them we liked everyone we met in FL. A terrific bunch of people and I wish them well. More like AGE than anyone else we met with.

 
RP, our recruiting was put on hold until the start of the new fiscal year, which began in Oct.  Depending on your numbers, you might be back on the radar.  With your Stifel reference, I'm assuming you looked at the RJA side, not the RJFS.  Give your regional contact a shout and see what comes of it.  I'm former AGE, and it also came down to SF or RJ for us, and this has been a great match.
Oct 8, 2009 7:45 pm
2wheeledbeemer:
Redpen:

My question is a corporate one . If we met with the area manager and Tom James and got no call back does that mean we suck and are not smart enough to work for RJ. Or , are they just in a quite period for opening new branches. Oh, wait, we got the same cold sholder from SF.....they said we wern't samrt enoygh.

Rj was the best firm we met with and even though we haven't heard from them we liked everyone we met in FL. A terrific bunch of people and I wish them well. More like AGE than anyone else we met with.

 
RP, our recruiting was put on hold until the start of the new fiscal year, which began in Oct.  Depending on your numbers, you might be back on the radar.  With your Stifel reference, I'm assuming you looked at the RJA side, not the RJFS.  Give your regional contact a shout and see what comes of it.  I'm former AGE, and it also came down to SF or RJ for us, and this has been a great match.
We got the same treatment in Feb 2009.  Went to HQ, liked everything, never heard a peep....and they (I thought) were recruiting me to open a branch. SF never really impressed me.  I thought hte BOM was a typical Gruntal yahoo.
Oct 8, 2009 8:15 pm
iceco1d:

Redpen,



Call Harbor Financial Services, and ask to talk to Marc Whitehead. Great guy, great firm. Clear through RJ and TD Ameritrade. Same costs as RJ indy channel, plus you have a monthly fee of like $1500 (based on production). From there you get 100% payout (after RJ ticket charges).



On the TDA side, there is a flat 20 bps program fee (RIA biz only). After that, 100% payout. Check it out.





My guess is these guys are looking for a check.

Oct 9, 2009 2:56 am

Thanks for the input and I guess I am not alone.I will call my regional at RJ tomorrow. We have 5 that want to move. Culture is important . Everyone is AGE trained and over 18 years. We miss it.