RJFS Payout

or Register to post new content in the forum



  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Jan 24, 2009 7:33 pm

Been thinking about RJFS. Does anyone know anything about the discounting policy for fee-based (passport, etc.) account at Raymond James. Are there “haircuts” if we decide to disount a fee below a certain %. I understand that there are program costs, etc.

  Currently gross around $600k at a wirehouse. Large majority in fee based/c-share funds. Looking at all options. I keep hearing expect a 60-65% payout after expenses. I know depends on alot but is that accurate?     Any other comments/thoughts on RJFS would be appreciated.
Jan 25, 2009 11:12 am

Fee-based accounts have a flat percentage fee to RJ of .23% I believe. This means if you charge 1.23, you get 1, which equates to an 81% payout. If you charge 1.75 and get 1.42, it’s about the same. If you charge .46, you get .23, so it’s a 50% payout.

The other catch is that the .23 has to be a minimum of $100/year, which reduces your payouts on any account under around $40-45,000.

C shares get a straight 90% of 1%, which in certain circumstances costs the client less and yields more to the adviser.

I can double check the .23 when I’m back in the office Monday, it may be higher than that, like .30 or so.