Raymond James Grid

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Feb 9, 2015 7:12 am

The 2013 grid is still in play I've heard at RayJay, which has a 40% payout for 300-350.

However I see info on advisorhubinc.com that indicates that gross b/w $200-400k is paid at 25%.  So maybe they have changed it. Can anyone provide some clarity on these two bits of conflicting info?

Mar 10, 2015 11:09 am

If you are at RayJay you are basically an independent. Move to a broker dealer that pays out more. LPL, I think, pays 90-95 and many of the other independent firms pay that. Raymond James doesn’t have the “Name” like the “big boys” so it doesn’t help you to be there and take the haircut. If you like the perks of a name and not dealing with operating expense, move to one of the “big boys” with your 300-350 rev. Granted you will be paying them around 175K to have a office and a phone, but you will have a business card with their logo on it!!!