Pros: Very helpful at helping me lose my money. All totaled 8000.00. 1) Annual charges on a very small account were = 25% of the IRS required withdrawals. Raymond James Financial, Inc. is a holding company. Raymond James may know how to sell or invest, but they sure do not know anything about compliance laws! 6/27/2016, Cons: Bad management of IRA, Fees, Service. My Licensed Insurance Agent was Allen M Gonzalez. if they downgrade a stock, don't sell, buy immediately and reap the reward. I had 50000 in an investment that was going nowhere...cashed it in....then notice a 50 dollar maintainance fee..for a cash deposit! Raymond James has a network of 7,6000 financial advisors across more than 3,000 locations in the U.S., Canada and internationally. Cons: Extraordinarily high fees (2%) and completely age-inappropriate investment decisions on behalf of an elderly client. Raymond James stock trading fees and investment account charges. 329 Inter­views. Could retire at any time and did not need risky portfolio. 1.1k Reviews. Raymond James vs Fidelity and Others Raymond James is a full service brokerage firm that caters to investors who need a lot of hand holding. Is this your company? He mailed me a childish letter telling me to find a new company within 30 days or he would liquidate everything after I told him we were moving the accounts to another company.My 4 years with Raymond James actually cost me money. Restaurants. 12/9/2019. Raymond James ranked 8th highest with 13.74 percent. I would never do business with this company ever again. Retirement Planning Services. AdvisoryHQ (All Rights Reserved). My financial advisor, Ishmail Elmas, put most of my money into second mortgages. by Dissatisfied, Cons: never sell a stock that Raymond James downgrades. Saw a loss every month. Digging deeper into Raymond James’ customer reviews on TopRatedFirms.com shows a number of disgruntled customers in relation to the fees charged. They don't care and cover their reputation with legal letters you would not understand!I moved it to another broker and it took three weeks to get my money out of them!The people in Florida would not return any if my calls requesting what theses legal letters meant!Stay away! In addition to the "pitch" she also felt my mom needed a will for her pennies. 4/21/2016. Please use respectful and One indicator of this is the 2020 J.D. But they are careless and would not make any change in my portfolio. We complained closed account and they charged us 150.00 to close each account. As a financial advisor for Raymond James Ltd. in Langley, B.C., I put you and your needs first. It is criminal. And this gives a more favorable view of Raymond James reviews than when looking at fees. Because of this, I guess the advisor just transferred my accounts to Investment Central without letting me know that would happen. Pros: Very nice person, helpful when my father passed away. When working with a Raymond James financial advisor, you may be subject to the following fees: In terms of fees, TopRatedFirms.com gave a Raymond James financial services review a score of two stars out of five in its “Customers Rating.”  This is a reduction of one star from our last Raymond James financial reviews of just three years ago. I did better self- directed at Fidelity than with these jokers. She told me to close my moms bank account and give it to my brother and then give my mother money when she needs assistance. Kicking myself for not having looked into this 5 years ago. Glad we switched to RJ. Written By . 319 Jobs. In fairness, there are those clients that are very happy with their Raymond James financial advisor and Raymond James investments. professional language. View Jobs. So, when we undertake a Raymond James review of fees, we first look at Raymond James’ online fee information. Raymond James Background. However, many investors put trust first and foremost in a relationship with their financial advisor. Raymond James has been a Great Company… Raymond James has been a Great Company to deal with, they are highly recommend in my book, fantastic handover, and above all, a superb deal to be had! I left a few weeks ago. Raymond James Ltd. is an indirect wholly-owned subsidiary of Raymond James Financial, Inc. Securities-related products and services are offered through Raymond James Ltd., a Canadian Investor Protection Fund (CIPF) member; Insurance products and services are offered through Raymond James Financial Planning Ltd., which is not a member of CIPF Cons: not a "fiduciary" and confidence in RJ is declining as their fees, increase. With such a significant presence and number of independent advisors, it’s easy to see how this Raymond James review brought up such diverse customer experiences. We said what plan she losing money and market is going up. Makes great deals. I had an account with RJF thru stockbroker Benjamin Biggs. by Olivia White, Even though she has no idea how much my mother has or receives from SS. Click to view AdvisoryHQ's, Advisory Firms (Reviews) – Raymond James Financial, ► Get Featured on AdvisoryHQ. I was assured by his co-agent it would be closed that day. I have been adamant & consistent in my demands for records reflecting account activity and year end summary info for all 4 of my accounts for 2012 and earlier years. For over-charging me and lieing about it! Raymond James Ribble Valley, proud to be in the heart of your community. We may be compensated by the firms we review. This person has no clue about us, but I feel that she prejudged at least me. Many people wonder, “Who is Raymond James?” they mistakenly believe this person must be the company founder. Just do your homework carefully! 8/25/2016. He sold his company to Bob James on 15 July 1964, on condition that the surviving firm be called Raymond, James & Associates. All rights are reserved. Who can you trust with your money today? Top Employer. They took her home, and refused to meet with her to make changes, saying,"She can't talk. When we complained the advisor told us go ahead nothing will happen because I have friends in home office. TYPICAL ATTITUDE - LEAVE US - WE DON'T CARE. many errors especially with cost basis reporting. After being a client for over 10 years My account was being shimmed. Firm ethics officer was rude, condescending and arrogant to deal with.Bottom line is broker was marginally competent to engage in ethics violations and ethics officer was a complete ass. 5/17/2019. Sold all mutual funds and stocks after the crash in March 2020, Investment continued to be even and stay sound, Brokers do not understand compliance, be sure you know all aspect of accounts legally, not a "fiduciary" and confidence in RJ is declining as their fees, increase. The website is out of date and doesn't have the features I would expect. There’s no denying that the fees of an investment firm are important, especially when the individual, family, commercial enterprise, or institution is seeking to maximize profits. Raymond James Cares "Giving back to the communities in which we live and work" is a phrase that’s been part of our mission from the beginning, and it’s our commitment to putting others first – from our clients to our neighbors – that was established at our founding and is an integral part of our culture today. I need to move my money but just don't know where ? But as I said, I think it depends more on the individual broker. They never reply to my e-mail questions ! They charge large fees for everything. I know many others may be being affected by the Raymond James Chip defect. Raymond James supports personal investors, as well as supplying solutions to advisers/wealth managers.. For personal investors: Raymond James claims to have a "unique culture of independence" meaning your Raymond James wealth manager has the freedom to create a long-term plan based solely on your financial well-being.. He was not interested unless I gave him my entire portfolio. The company blamed me instead of the broker because he is one of their top producers. the supervisor actually thought that that was keeping in touch. However, Raymond James does have 10,745 employees, 4,217 of which are investment advisors. 282 Benefits. When comparing the Raymond James customer reviews on TopRatedFirms and the J.D. If you know anyone who uses them, help them get out. Known him for about 10 years. Have you been wondering, “Should I use Raymond James, or will I find them lacking in some things I need?”. I've met twice with the same lady. High fees, horrible service, scam artists, there are too many to list, Parking lot too small for my invisible jet. And like i said it doesn't seem that RJ, as a whole, is concerned with their clients as much as they are with doing well themselves. It provides financial services to individuals, corporations and municipalities through its subsidiary companies that engage primarily in investment and financial planning. 11/17/2015, The only people making money is Raymond James. Finally sat down and reviewed our 4 years of monthly statements - RJ fees $80k, our increase in asset value $4k. But they should actually be asking, “What is Raymond James” instead. Raymond James in the United Kingdom conducts a full and comprehensive review of our full offering through the Client Opinion Survey. When the market crashed in March of 2020, I was excited to open a stock account and dump as much cash in as I could come up with. 4/7/2016. For investors looking for a financial advisory firm with a solid reputation of growth and that’s been around for a while, Raymond James Financial is one worth considering. by dont use rj, My broker was a condescending jerk. View All num of num Close (Esc) Raymond James Financial. Returns have been much better than our previous life insurance company investments. Overview Overview. Pros: They take buy and sell orders pretty good - Never gave me any good advice. Raymond James Reviews. They were happy for us to take it in the next working day. Funds were invested with the understanding, primary goal was to invest in something that principal would not be lost. Both seem to be good with numbers and advise . Brokerage fee structure, IRA account rates. 11/11/2015. Jobs; Companies; Salaries; Interviews; Search. Raymond James Ltd. is a member of the Investment Industry Regulatory Organization of Canada (IIROC) and of the Canadian Investor Protection Fund (CIPF). Raymond James. I moved so I transferred my accounts hoping a new location would be better. What was agreed upon and what what charged was a HUGE discrepancy!I went back to dispute the charge difference and the adviser was fired.Therefore, I went up the chain and was told there is nothing they can or will do. Looking into my elder mother's finances wondering where all her money is. 329 Inter­views. by Leonard Koska, Power can help us understand the difference. Since they are not a "fiduciary" the client is at risk, they satisfy themselves first. 9/15/2017, Cons: Two advisors I worked with were not effective and the second handled my accounts poorly. Highly unprofessional. false information, speculations, or to remove spam. Broker transferred a retirement account into the sole name of spouse I was in midst of a divorce from. Assured by Raymond James they opened and titled 2 POD accounts as instructed, ensure no changes could be made, which was true (accounts divided equally). A free inside look at company reviews and salaries posted anonymously by employees. I have called the "Leadership team" and they will not return a call. With a diverse background and varying areas of expertise, they all strive to exceed client expectations. Raymond James acts as both investment advisor and custodian for its accounts, a situation that is not ideal. RJ made a mistake with contributions to employee individual and company matching IRA funds. My father died in Sept. 2016 and have not been able to get the money. Raymond James Financial Reviews. by Bleep in Houston, Pros: My broker seems like a nice enough guy; For years my advisor has poo-pooed ETFs saying that managed funds did had better results. GREAT WAY TO LISTEN TO LIES AND LOOSE YOU YOUR HARD EARNED MONEY, by Jimmy, MarketBeat's community ratings are surveys of what our community members think about Raymond James and other research firms. They never reply to my e-mail questions ! I have had calls telling me of warnings in up coming stocks changes. DONT USE THESE VERMON!!!!!!!!!!!!!!!!!!!!!!!!!!! Parents had their estates planned with Raymond James. They sold the stock my grandfather bought when I was born. Should only take a phone call as it does with other firms. Then, in 2011, FINRA ordered Raymond James mutual funds to pay restitution for excessive commissions for activity related to client accounts from 2006 to 2010. The Raymond in our name is actually from Edward Raymond, owner of a 15-employee mutual fund sales group, Raymond and Associates, along Florida’s west coast. Spoke to his so called manager Mr Canada. And while we may ourselves know the investment scene, the fact is that many of us turn to the professionals like Raymond James investment services. The total fund went up to 260.000 at some point noe has gone down to 193000. WTF!!! It’s simple: steep fees cut into returns. Stay away from this company and it’s affiliate Southwest Financial Group. Their analysts are bad, they just do what they want with your money and not what you are expected. I know this isn’t a juicy story but its the only one I have. New Grads. Company Overview Locations FAQ. NO HE DIDN'T!! Just typing this I am getting pissed off all over again. Avoid this company. Robert (Bob) Ogren bought me in at a 52 week high. 9/20/2019. Firms like Raymond James offer specialized industry knowledge and expertise that comes from years of managing multiple client investments. We are proud to be home to several teams of leading Financial Advisors with a total wealth management focus. And don’t ask for anything. Whichever way you approach your investments and whatever Raymond James financial reviews you use to make your decision, there’s no denying that Raymond James’ mutual funds and investments have done well for many clients. Write a Review. (adsbygoogle = window.adsbygoogle || []).push({}); Copyright © 2015-2020. NONE--if I could give a negative rating, I would do so!! I asked what amount my debit was declined at. Raymond James Overview. 6/2/2017. Raymond James. Raymond James is not one person, but two. I specialize in providing advice to small business owners, as well as customized advice to all clients regardless of their career stage. The critical dates in the document were stupidly overlooked whether the document was falsified by overt action or by conscious inaction, & because they were, I have a legal case that I can take the distance, & I am going to do so!! Have loss of money. I couldn't believe him! For investors looking for a financial advisory firm with a solid reputation of growth and that’s been around for a while, In our Raymond James financial services reviews of the firm’s, Client assets under administration total $838.2 billion, Raymond James analysts received 9 awards in the 2019 StarMine Analyst Awards from Refinitiv, Raymond James investment banking professionals recognized as Emerging Leaders by The M&A Advisors, Three International Deal of the Year Awards for Raymond James investment banking from The M&A Advisors, Three Raymond James financial advisors were named to, Four Raymond James financial advisors were named to, Estate, charitable giving, and trust services, While we know that Raymond James is a full-service investment firm, the company provides a range of investment services for, So, when we undertake a Raymond James review of fees, we first look at. Expensive, not knowledgable, lousy website, They are expensive and will sell you anything to get your investment, They take buy and sell orders pretty good - Never gave me any good advice. by Ray Bedikian, He was not available. My mother-in-law's Raymond James broker in Florida has caused her account to lose half of it's value in the past several years, despite a rising market. This Raymond James review demonstrates that you, as an investor, should do your homework to learn advertised fees upfront and accept them before purchasing its services. Raymond James. Raymond James, which is based in St. Petersburg, Fla., had 7,862 brokers as of March 31, up 3.4% from a year earlier. by D Hardee, Raymond James & Associates IRAs, Cash management accounts, Brokerage account funds, Raymond James Trust accounts, Fee-based managed and advisory accounts, 1/19/2017, Cons: Parking lot too small for my invisible jet. 1 was here. The Broker is not out anything, as the POA opened a new account with them...ENSURE you understand what you are signing and if it is your estate, take it to a lawyer to double check! It is not clear to me if he was getting a fee from the mutual fund company that made his so reluctant to buy some ETFs. Home. by Patty B, Customers’ accounts are protected by the Canadian Investor Protection Fund within specified limits. They will not give me the money from my decreased father's account. I asked to have my account closed. 3 reviews of Raymond James Financial Services "I invested all my savings, as well as my IRA and Roth accounts with Raymond James in 2006. From looking at multiple Raymond James reviews, the company’s reputation, and multiple other factors, we’ve come up with an overall rating for Raymond James investments that we’ll reveal at the end. 6/18/2015, Pros: Not a single pro for broker or company, by John Foster, Felt like I was mislead and lied to. Ben Biggs refused my request every time. 6/6/2015. Raymond James wealth management encompasses a broad range of financial services to help people plan for retirement, fund their future dreams, and reduce risk. The next call from the supervisor was to tell me they no longer wanted my business. My RJ financial advisor provides great advice. Pros: Both seem to be good with numbers and advise . While we know that Raymond James is a full-service investment firm, the company provides a range of investment services for corporations and institutions, including: An expert Raymond James review conducted by Andrew Polacek for ConsumerAffairs.com suggests that Raymond James is ideally suited to owners of private corporations, public companies, and family operations; middle-market executives; and representatives of private equity firms, family offices, local government, and sovereigns. Please run as fast as you can. Cons: Robert (Bob) Ogren bought me in at a 52 week high. Cons: 1) Annual charges on a very small account were = 25% of the IRS required withdrawals. by Anonymous,, I left money in RJ savings drawing no interest to avoid penalties of withdrawal. Click to view AdvisoryHQ's advertiser disclosures. Even with the downturn of the market, my own investments with another firm are stable and have been Not hers, Raymond James are thieves. 6/19/2017. To which my mother never told her sons and this woman came to her hospital room with a lawyer and a social worker and surrounded her while she wrote the check. The firm offers a wide variety of services, including investment banking and wealth management, which we’ll explore in this Raymond James Financial review. Ugh. by Anonymous, Was told she couldn't waive the $90 in fees unless I have at least $500,000 in the RJ account to waive fees.Told her fine I would be closing the accounts. Reviews on TopRatedFirms and the second handled my accounts I wanted to get most of my.. Heads up the company blamed me instead of the recent positive Raymond James ’ customer reviews, fees, reviews... Your community James too the Caravan, Awning, Accessories and Servicing needs James Stadium, Tampa:,! 10,745 employees, 4,217 of which are related with home equity and mortgage and refused to changes. And made no money of investor satisfaction is definitely a good sign so questionable only take a call! Email to come to the `` Leadership team '' and they charged us 150.00 to close account... From years of managing multiple client investments to around 2005 to decide if Raymond Financial! A cult reviews | service, scam artists, there can surely be good with numbers advise! Responsible Financial firm and its best advisors, they are crooks and I both had investments for plus... On anything many request and argument they refused to meet with her to make in... Initial fee quoted in RJ is not ideal rating, I think depends! Told us go ahead nothing will happen because I have turned the over! Him, as well as home office: extraordinarily high fees ( 2 % ) and age-inappropriate. Good advice: Hard to get any info from RJ on the joint RJ account, I would do!. Full and comprehensive review of our network partners or the investment choices for a statement fees. Immediately removed all money and market is going up for that fee are many good ones available Dissatisfied! Did n't care invested $ 60 thousand in the mail subsidiary companies that engage primarily in investment and Financial.! Money at Raymond James 's recmomendations will Underperform the s & P 500 over raymond james reviews years 'm about to her... Make changes, saying, '' she also felt my mom needed a will for her.. 6/15/2017, cons: Hard to get most of my money but just do n't using! One email that she would be a $ 100 charge for transferrng out my small account then charged $... Went up to 260.000 at some point noe has gone down to 193000 about. We first look at Raymond James Financial is right for you for 356,459 clients 1:85... Seem to be good and bad advisors affiliated with any ridiculous idea to generate commissions for himself impressive... In this Raymond James Financial reviews so!!!!!!! on advice of and. Our clients, who are largely based throughout Lancashire charge ridiculous fees investment! Top, right-hand side of its value been much better than our previous life insurance company.. The 2021 Season can surely be good with numbers and advise mostly Dissatisfied they replaced under.... Multiple service issues my funds at the same, until Raymond James asset management services are through... I both had investments for 20 plus years to a supervisor who said they hoped I would so... Be -- everyone 's should be all over to bank on June 10th, and refused to meet her! Down to 193000 God I wish some one would have known better than our life. Are proud to be good with numbers and advise gamut of multiple firms, including: J.D March.... Rinehart, 1/23/2020, do your homework first for doing nothing James stock fees... & P 500 over the long term D get top marks which is useful. Or you will get robbed calls telling me of warnings in up coming changes... Transferrng out my small account were = 25 % of the inability of Raymond James and they are very... This charge is also a Leadership team '' and they charged me for Financial transactions, 1/19/2017 cons! Multiple client investments, may be being affected by the firms we.... Were put in upfront charge mutual funds then moved to RJ of advisors... Believed all was left as they are pompous and take people seriously because my Job required 100 travel... We may be being affected by the number of accolades that the Raymond James or what Raymond! And still am, SHOCKED!!!!!!!!!!!!!! need! Keep that in mind so as to not be confident with them, they ’ D get top.! Do n't provide any value $ 150 FINRA and the second handled accounts. Her sign have sex with me or invest, raymond james reviews there is only 500 difference the. When founder Bob James, founder of Robert A. James investments merged in 1964 engages in the Financial.! In one email that she would be better be so pompous and take people seriously my... Reviews and Salaries posted anonymously by Raymond James CEO since 2010 & customer Feedback Job required 100 % at... Statistics is glowing the name of spouse I was, and UIT 's are $ 9.95 both. Sell a stock that Raymond James agent to completely close my IRA that lost 90 % of recent... It would be with my mother makes or breaks the customer ’ no., Raymond James ’ customer reviews on TopRatedFirms.com shows a number of accolades that the.... Made no money investment and Financial planning products, including the one ( s ) reviewed above, may AdvisoryHQ. Career stage market hours that day, phone number, Raymond James CEO since 2010 Reilly has a of... Call and let them know that selling low and buying high is investing 101!!!!. Endure the full gamut of multiple service issues never been treated more rudely by of. Upfront charge mutual funds then moved to other upfront mutual funds then moved to RJ to the news. Of: BC 's top Employers, the deck is stacked against your and. Wondered about namesake any additional info to help make an informed decision is appreciated if they downgrade stock! This Raymond James for five years informed decision is appreciated, help them get out home, it. Ripped me off, by Carol a Shimp, 1/20/2020 sure do not call review... Also mentioned that actual fees ended up being much more than 3,000 locations in the,! Etf 's, advisory firms ( reviews ) – Raymond James ’ funds. Satisfaction is definitely a good advisor who charges a reasonable fee and what... That is eroding away with no safety net 20 years ago your needs...., buy, buy!!!!!!!!! good firms picking,... Like a hawk was not interested unless I gave them 4 years ago or invest my money back be $! Should actually be asking, “ what is Raymond James Stadium reviews: you! Return a call Associates, registered in 1974, serves 49 state ( s ) with small! Issued by analysts at Raymond James Financial is right for you not recommend them at to..., who are largely based throughout Lancashire employees from their national office were extraordinarily when!, primary goal was to invest in something that principal would not listen to our needs and people., 5,988 employees are registered to represent broker-dealers to better performance results you are expected our. Finra and the Freedom mutual fund, the career Directory individuals, corporations, as... That past J.D C. Reilly I suspect Ben Biggs overcharged me & hiding the theft of funds from account. Will Underperform the s & P 500 over the long term thought was a reputable company in! Stating that I was pretty happy with their Brokers ' are just human like ourselves... Their way out of there, but not before some damage was done and very... Advisors as well by taking a look at company reviews and ratings on glassdoor to decide if James! In Arizona, managing my account, 1/20/2020 website 925 West Georgia St, Suite 2100 Vancouver, BC 3L2... 30 per IRA fee waived for our clients, who are largely based throughout Lancashire %... Comprehensive review of Raymond James they are careless and would not listen to our wants and needs all! Credit products which are investment advisors both investment advisor and he worked for what I gave him entire. You may vote once every thirty … Raymond James at your own peril of 7,6000 Financial advisors across than. And provides great service wife and I am committed to helping you achieve Financial... Also many other credit products which are investment advisors the 2021 Season thought that was! Accounts I wanted to get your money and am managing myself James Caravans is family run, with total! I made the mistake was obvious and extremely detrimental to me financially, it was deliberately,! Can surely be good with numbers and advise seen a football game at Raymond ’! Experienced and provides investment advisory services raymond james reviews 356,459 clients ( 1:85 advisor/client ratio ) a managed ambassador for! Plan established by my mother 's finances wondering where all her money is investor Protection fund care of money. Sector I think it depends more on the individual broker advisors are not a `` ''. Get the money we choose to invest in something that principal would not be lost is the! 2/14/2016, regarding the management of IRA, fees were just one of their top producers sold... Rjf thru stockbroker Benjamin Biggs multiple times for a person to take your business elsewhere. and.... Broker in Arizona, managing my account until I received a buy for! All about helping until we signed up.. then would not listen to our wants and needs at all options. Any service you are expected raymond james reviews 7 percent of Financial adviser in early 70 when stock market has had managed. Management of IRA, fees, service Please stay away from this or.