Raymond James Pledge Agreement
For more information about your advisory account, please see your customer agreement and the ADV information document provided to you when you opened your account. Additional copies can be obtained free of charge from your financial advisor. Clients should be aware that only mutual fund companies with which Raymond James has entered into a sales agreement are offered for sale by Raymond James and are generally limited to fund companies that offer compensation to Raymond James, including, but not limited to, educational and marketing support, networking and/or omnibus fees (see description below). Therefore, not all mutual funds available to investor audiences will be available to invest in Raymond James, and clients should not expect stock classes with the lowest available expense ratio to be available through the company. When determining the appropriateness of the remuneration of the investment firm, clients should take into account both the explicit costs and the indirect or implicit remuneration received by the firm for the reciprocal classes of shares in which the client invests. The purpose of this section of this backgrounder is to provide an overview of the types of compensation Raymond James receives for mutual fund investments. Annual pledged account fee (for accounts where the assets held in the account are given as collateral.) Raymond James` clients, typically institutional asset managers, may enter into agreements under which they use Raymond James` research services. These “weak dollar” agreements are common in the financial services industry. Raymond James does not require customers to send us a flow of orders in exchange for search services. Certain clients who execute transactions with Raymond James may also transfer a portion of the associated trading commissions to third-party research service providers under a commission-sharing agreement.
Raymond James Asset Management Services does not use “improper dollars” to pay for research or other related services. Copyright Notice. Pursuant to section 512(c)(2) of the Copyright Act, Raymond James appoints the following representative to receive notifications of alleged infringement: Cathy Sexton, 880 Carillon Parkway, St. Petersburg Florida, 727.567.1000, email@example.com. The amounts of payments to Raymond James for such services, which may include asset-based and distribution-based components, vary by mutual fund company in accordance with the agreements in effect between Raymond James and each mutual fund company. Payments received are usually calculated based on the percentage of the average daily net asset value of Raymond James clients` mutual fund assets and may also take into account the dollar value of mutual fund purchases over the period. The asset-based percentage varies based on the total value of the fund`s assets held by Raymond James` clients, and the sale-based percentage is generally a fixed percentage determined based on the contracts with each mutual fund company. Payments are usually made from the funds of each investment fund company and not from the fund`s assets. Rights of Use and Ownership. All right, title and interest in and to this website and its content are the exclusive property of Raymond James, unless expressly stated otherwise.