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, legal.copyright@raymondjames.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.

For the duration of these Terms of Use, we grant you a personal, limited, non-exclusive, revocable, non-transferable and non-sublicensable license to access the Site and the Content subject to these TERMS OF USE. You have no ownership rights in the Content that belongs to us or our licensors and that is protected by copyright, trademark, other intellectual property and other applicable laws. No copyright or other intellectual property rights in the Content are granted to you except as set forth above. You may only use the Content for your personal, non-commercial use. You may not modify, copy, distribute, transmit, display, display, transmit, display, publish, perform, reproduce, publish, create derivative works from, transmit, transmit, create derivative works from, or otherwise in any way, including, but not limited to, any information, software, products or services obtained from the Site, in whole or in part. for commercial or public purposes, without our prior written consent. You acknowledge that we may provide certain portions of the Licensed Content from third parties, and you agree to comply with any additional restrictions on your use that we may disclose to you from time to time or that are otherwise agreed to between you and such licensors. We retain exclusive control of the Content and reserve the right, at any time and in our sole discretion, without notice, to (a) modify, suspend or discontinue the Content in whole or in part; (b) restrict, restrict or terminate your access to all or part of the Content; or (c) terminate your license at any time and for any reason. You agree that we may monitor your use of the Content. In addition, Raymond James and its affiliated broker-dealers have established the Professional Partner Program to encourage professionals (such as accountants and lawyers) to refer clients to Raymond James. Each professional partner is either an independent registered investment advisor or an investment advisor representing Raymond James and has agreed to act as counsel pursuant to a written agreement with Raymond James.

This person receives a percentage of the wealth-based advisory fees as compensation for the client`s introduction. The client will receive a separate written disclosure from the lawyer detailing the indemnification agreement and the client must agree to pay the solicitation fee before any payment is made. Additional Terms. Certain areas of the Site may contain separate terms that apply in addition to these TERMS OF USE. You should read these additional terms and conditions carefully. By accessing these sections or pages, you agree to be bound by these Terms and Conditions. In the event of a conflict, these additional terms govern your use of these sections or pages. You may be required to enter into additional agreements, whether in paper or electronic form, before you can access or use certain features or functions of the Site (each, a “Supplemental Agreement”). In the case of any additional agreements presented to you online, you authorize us to rely on “checks” or “clicks” in certain places that may be attributed to your password such as your acceptance of the terms of such additional agreements. These TERMS OF USE are in addition to any Additional Agreement and are not intended to replace or modify any such Supplemental Agreement. Entire Agreement.

These TERMS OF USE, together with any applicable additional agreements and account or customer agreements, constitute the entire agreement between you and us with respect to your use of or access to the Site or content. Raymond James has implemented a system where clients` cash reserves are “swept” daily to and from the client`s investment account to cover purchases or earn excess cash balances instantly, subject to certain minimum balances. The account in which these cash reserves are held is considered the client`s sweep account. The scan options available vary depending on the type of account. Please refer to your “Scan (Transfers) to and from Revenue Producing Accounts” account opening documentation in the “Your Rights and Responsibilities as a Raymond James Client” brochure, an updated copy of which is available from your financial advisor, or visit raymondjames.com/cash_sweep.htm. Fees 12b-1 shall be used to cover all marketing costs and to compensate investment firms for activities or expenses related to the distribution and/or withholding of fund units. For example, Raymond James uses the 12b-1 fee it receives (i) to compensate your financial advisor and participating traders who have entered into sales agreements with Raymond James; (ii) for advertising, salaries and other expenses related to Raymond James` sales or service efforts; (iii) Organize and organize educational and sales seminars; (iv) printed prospectuses, statements containing additional information and reports for potential shareholders; (v) for the preparation and distribution of promotional material and sales materials; (vi) for other promotional costs; and/or (vii) for the provision of ongoing services to shareholders. [1] Raymond James Financial, Inc. (NYSE: RJF) is a leading diversified financial services company that provides retail group services, capital markets, wealth management, banking and other services to individuals, corporations and municipalities. The firm has approximately 7,600 financial advisors who serve more than 3 million accounts receivable in more than 3,000 locations in the United States, Canada and abroad. Total client assets were approximately $750 billion as of June 30, 2018.

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