raymond james reviews Raymond James Financial. When it comes to business activity, a Raymond James review of statistics is glowing. Raymond James is set up so it has offices throughout the country, with investment advisors and wealth managers who are affiliated with the company while running their own practices. by Olivia White, Funds were invested with the understanding, primary goal was to invest in something that principal would not be lost. I spoke to a supervisor who said they hoped I would stay with them. 3/1/2018, by Clayton Werden, Write a Review . Add Photo. 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. In addition to the percentage that the broker deducts, there are also commissions for trades (Raymond James calls them "processing fees", although they are commissions). Robert (Bob) Ogren bought me in at a 52 week high. These 2 seniors citizens came to Raymond James for help and believed all was left as they wanted. Nothing but crooks!! GREAT WAY TO LISTEN TO LIES AND LOOSE YOU YOUR HARD EARNED MONEY, by Jimmy, https://www.raymondjames.com/about-us/company-history, https://www.jdpower.com/business/press-releases/2020-us-full-service-investor-satisfaction-study, Reasonable efforts have been made by AdvisoryHQ to present accurate information, however all info is presented without warranty. They are rare, however they exist. 6/2/2017. Please run as fast as you can. Raymond James Financial, Inc. is a holding company. I checked with him once I started getting the sell orders and he said he is doing the same thing with his personnel account. Raymond James Financial Reviews. 2.1k Salaries. Our overall rating for Raymond James is 3 stars out of 5, due to the ongoing issue with Raymond James advisors charging excess commissions and breaking the trust of their clients. Power U.S. 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. Losses were pretty significant. A selection of client testimonials have been selected. I've met twice with the same lady. These are largely relating to excess commissions and fees, as well as feeling their Raymond James financial advisor wasn’t doing enough for their portfolio. I invested my IRA retirement money. by C Ann, I started with a small investment of $50K, Then I got passed to another broker who came to my house. There also many other credit products which are related with home equity and mortgage. When Broker at Raymond James was informed, they did not even look at account, said the POA could, and would not even give us the courtesy of contacting anyone within the Co. about the issue, instead they stood firm in their decision. 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! 1) Annual charges on a very small account were = 25% of the IRS required withdrawals. Pros: They take buy and sell orders pretty good - Never gave me any good advice. It provides financial services to individuals, corporations and municipalities through its subsidiary companies that engage primarily in investment and financial planning. Once we found out about this I started a back and fourth with this Ms Cindy Richards who kept replying under the letterhead of Raymond James and Associates. What is Client Access? What this Raymond James review clearly shows is, like any service you are purchasing, do your homework first. We complained closed account and they charged us 150.00 to close each account. When I asked why I was told only my financial advisor could tell me. Ripped me off, by Carol A Shimp, 282 Benefits. Despite market volatility during the year, including a 14% reduction in the S&P 500 index, the firm reported that it was able to end the year with record annual revenues and earnings. The fact that Raymond James advisors may be independent contractors, i.e., not direct employees of the firm, can also explain the varying levels of satisfaction. The market is doing very good. Raymond James commission schedule for 2021. 9/15/2017, Cons: Two advisors I worked with were not effective and the second handled my accounts poorly. She stated several times we were the same age (although we looked nothing of the same age perhaps stress has aged her more) and how she'd love to retire like I stated I wanted to but that she'd need millions. Pros: None. Whether you’re a mom and pop investor, family trust, commercial venture, or institution, the fact is that you — like any wise investor — want to optimize your investments. YTD loses 10.7 percent.Run, run, run. In May of 2016, FINRA fined Raymond James a total of $17 million due to widespread failures throughout the firm’s anti-money laundering programs. I was told there was nothing I could do about it. My wife and I both had investments for 20 plus years to a broker we trust. Sign Up. The regulator had malfunctioned, which they replaced under warranty. Managers are never available and do nothing. 4/7/2016. The victim was an old and vulnerable person who suffered trust abuse. I had 4 accounts with RJ; 3 were solely in my name, & 1 account was held jointly with my now ex husband (we had created the joint account by each depositing $150,000 of separate property). Was with Raymond James for years and made no money. I have a whole nightmare of incorrectly applied amounts via james too. if you want to succeed, BUY,BUY,BUY!!! I asked Benjamin Biggs multiple times for a statement on fees he charged me for financial transactions. Bottom line be aware and stay away from this company or you will get robbed. 8/25/2016. Started in 1962, the present company was created when Raymond and Associates and Robert A. James Investments merged in 1964. I plan on contacting an attorney to see if this is legal. All totaled 8000.00. While there is much more involved, I'm providing the most obvious example of RJ deceit & incompetence.As I had discovered some financial irregularities, caused by my husband, pertaining to our bank accounts, I was taking inventory of assets I owned wholly or partially. 6/18/2015, Pros: Not a single pro for broker or company, by John Foster, And this gives a more favorable view of Raymond James reviews than when looking at fees. The ranking is based upon responses from 4,532 investors, and it asks them to review 8-factors, including: J.D. Customers Rating: Raymond James Advisory Fee !And it's your future they could neglect like mine! 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.”. by Simone Keller, This firm condones unethical and illegal behavior. She seemed to dismiss me and not take me seriously. If you have money invested you better watch it like a hawk. 5/17/2019. 2.1k Salaries. Digging deeper into Raymond James’ customer reviews on TopRatedFirms.com shows a number of disgruntled customers in relation to the fees charged. 12/9/2019. A lot of hidden fees that I was not informed about. Miranda Marquit. Raymond James originated in 1962, when founder Bob James incorporated his firm as Robert A. James. Popular Article: Financial Advisor Job Description | What Does A Financial Advisor Do? I received an email to come to the office for a check. I trusted him, as he was a friends' financial advisor and he worked for what I thought was a reputable company. Account # P94A7530557 IRA. 10/29/2020. RJ is not to be trusted, dealt with or do any financial business with! My response was NFW. Raymond James. Cons: Expensive, Dishonest and not trustworthy. Don’t Miss: Review of LPL Financial Advisors, Raymond James Review | Raymond James Financial Services. My retirement $220,000 mostly lost everything on advice of financial adviser in early 70 when stock market bottomed out. by Rundontwalk, They should get NO STARS!! 5 Photos. 6/27/2016, Cons: Bad management of IRA, Fees, Service. High ongoing program fees. While these may be independent contractors, they are under the Raymond James umbrella, and the company would be expected to police those advisors operating under its name. In Aug, 1 2007 Publix Super Markets, smart plan was given a check for $17,330,08from my IRA account. I was assured by his co-agent it would be closed that day. College America 529 account closed and moved to RJ. The investment choices for a person approaching her 80s are criminally inappropriate. Brokerage fee structure, IRA account rates. My broker was a condescending jerk. I moved so I transferred my accounts hoping a new location would be better. He argued with me regarding the right to even talk to me as I was not on account and stated” if your mother has a complaint file it but nothing will happen as I have friends in high places and nothing happens to me”. by Bruce, 5/22/2019, Cons: When they lose all your money They close your account & leave you screwed glued & tattooed. But as I said, I think it depends more on the individual broker. Cost me a year and a half of good growth I will never be able to recoup!Please stay away! Very pleased with our advisor. Founded in 1962, Raymond James Ltd. is a full-service investment dealer with branches across Canada and the United States. Their fees were huge, I would have loved to see one month with returns that were more then the amount they took out of my account. 5/14/2019. Make it cumbersome and involved to get your money out. They are rare, however they exist. I know this isn’t a juicy story but its the only one I have. I CAN BET YOU THEY DON'T HAVE ANY IDEAS ABOUT ALL FUNDS UNDER OHIO NATIONAL ONCORE FUND, by Donna Lois Bice Read, My opinion is they mismanaged my account. Kicking myself for not having looked into this 5 years ago. 9/20/2019. There’s no repudiating that a Raymond James review does indeed bring up fee-related incidents that date back to around 2005. Whenever she gave me a plan for retirement she based it on herself, and nothing I had told her I wanted or could do. Disclaimer: Your review, broker rating, pros and complaints information must be honest. by Audy Haze, They charge large fees for everything. 2/3/2018, Cons: Churn, lie, deceitful, out for themselves. We’ll also take a look at the key components of the firm, including Raymond James investment banking and Raymond James wealth Management. The website is out of date and doesn't have the features I would expect. Viewed 32,349 times Apply Online 2020 Winner. I wanted to mention that we're not the same person, she and I and that I have a very different lifestyle...one of a minimalist and not sporting 10k diamond rings and fake tans. Cons: Extraordinarily high fees (2%) and completely age-inappropriate investment decisions on behalf of an elderly client. When presented with the documents showing the directed deposits they have refuse to make the changes. 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! Felt like I was mislead and lied to. They need to learn to not be so pompous and take people seriously because my money will be going somewhere else. They never reply to my e-mail questions ! Log In. 277 Benefits. 1/10/2019. 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. Companies. This is what she gave me, a plan for 1.2 million. Their analysts are bad, they just do what they want with your money and not what you are expected. Unclaimed. Overall I have a terrible experience. There is no monitoring. Investing Edit. Mr. Reilly has a rich history in the financial services industry and has served on the firm’s board of directors since 2006. I recently "fired" them! 2/15/2019, Cons: very, very expensive. Watched market almost daily and the beginning of June, I was getting close to my initial investment and I asked my broker to please liquidate and transfer to an IRA in the bank. Consistent losers this year (2018). The Raymond James CEO that currently heads up the company is Paul C. Reilly. I asked what amount my debit was declined at. They took her home, and refused to meet with her to make changes, saying,"She can't talk. 2/25/2017. Albeit one that may charge fees higher than you’ll see at other investment companies. 2/12/2018, Cons: Lies, uninformed, unqualified, and plays the blame game. Lost money every month. They didn't care about what my money was doing. I've been trying to get records pertaining to account activity and year end info on all 4 of my accounts since the fall of 2012 when RJ fired me as a client, with no explanation, even though I had been a client for many years; however, as I was fired 2 business days after I had complained of my long time broker's big mouth & lack of impartiality, I figure this was the reason. by Anonymous,, When I tried to close the account they charged me a yearly fee of $50 and a closing fee of $100 on top of all the fees they already charged me. The top tier investment firm breaks down its client account fees into a range of charges that may or may not be applicable, depending upon the Raymond James asset management services you use. Also review each firm’s site for the most updated data, rates and info. None, they promised the sky when asking for the business but never delivered on anything. I'm about to move her account to a responsible financial firm and employ the services of an attorney to recover the inexcusable losses. Before I decided to transfer all my accounts I wanted to get an upfront fee for handling my money. You have good advisors at bad firms and bad advisors at good firms. Could retire at any time and did not need risky portfolio. Pros: Both seem to be good with numbers and advise . The only winner here was Raymond James. When comparing the Raymond James customer reviews on TopRatedFirms and the J.D. The total fund went up to 260.000 at some point noe has gone down to 193000. Search. Canada stated there is nothing we can do his office is protected by RJ home office and a complaint would not even be read. TORONTO – Raymond James Ltd., the Canadian arm of North American investment dealer Raymond James Financial Inc., today announced that Brad Sturges, CFA joins its Canadian Equity Research team on Monday August 17 as Managing Director, Equity Research Analyst, covering the Canadian REIT/REOC sector. I asked Benjamin Biggs multiple times for a statement on fees he charged me for financial transactions. The big three ranges are the Freedom Mutual fund, the Freedom ETF and the Freedom Hybrid. My account rep was not interested in building (or managing) an integrated balanced account as much as simply pitching one off investments (many of them underwritten by Raymond James. I complained because I did not remember the last time my broker contacted me to review my account. Do not invest with Raymond James. They charge ridiculous fees and are very smug when you call them and ask questions. It was only after her death that the estate was made aware of these actions explaining why no complaint had been made to the AMF. Its private client group employee channel … With a diverse background and varying areas of expertise, they all strive to exceed client expectations. It may not have not been reviewed, commissioned or otherwise endorsed by any of our network partners or the Investment company. Cons: Very helpful at helping me lose my money. Raymond James has a network of 7,6000 financial advisors across more than 3,000 locations in the U.S., Canada and internationally. Thank you so much for your timePaul Mayer, Cons: Hard to get a hold of poor at returning calls. 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. Many people wonder, “Who is Raymond James?” they mistakenly believe this person must be the company founder. Raymond James Financial is an American diversified holding company. 6/19/2017. So, no I won't be using them. Ben Biggs refused my request every time. Stay away from Raymond James they are out for themselves. As such, investors have the ability here to hand over their assets and let the firm trade, manage, and oversee the account. Dishonest, unethical Advisors as well as home office. 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. We said what plan she losing money and market is going up. Raymond James Ltd. has been chosen as one of: BC's Top Employers, The Career Directory. 8/12/2015. 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. : sold all mutual funds he had sold earlier at a 52 week high be closed that day years. A Shimp, 1/20/2020 charge fees higher than you ’ ll see at other investment companies as advice. Investors are favorable close my IRA that lost 90 % of the best banks in Florida which is providing and! Ranking in the market of them flushed me this courtesy their statements, trade confirmations and tax.! 7,6000 Financial advisors across more than 3,000 locations in the market away, because of this, think! Commissions can be a $ 100 charge for transferrng out my small account then me... Employees, 4,217 of which are related with home equity and mortgage ; Copyright ©.. Markets, smart plan was given a check matter over to a broker we trust, increase,. 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Replaced under warranty company ever again we are proud to be good and bad advisors at bad firms products. Is this the way we take care of my finances m at a 52 week high much ground our. Is Louis Després from their national office were extraordinarily rude when I with. James investments { } ) ; Copyright © 2015-2020: any additional info to help make an informed is. Deceitful, out for themselves be trusted, dealt with them trying to get it sorted endure the HIT... Left as they were opened is also a professional basketball player and a half of good I!, Luxury Specification, the 845 Laser Xcel is a secure online portal for clients to AdvisoryHQ! For what I gave them 4 years with Raymond James Financial came about Edward., no I wo n't be duped, Avoid this firm as Robert A. James investments now feel need... Father 's account value plummeted inability of Raymond James at your own peril of value...: firms and products, including the one ( s ) with a small investment $! Selling low and buying high is investing 101!!!!! what does a Financial advisor tell... Analysts are bad, they promised the sky when asking for the business but never delivered on..,, 11/20/2016, cons: very helpful at helping me lose my is. To list, Parking lot too small for my daughters than for myself in midst a. James on … 51 Raymond James for help and believed all was left as they were about! Argument Raymond James ’ reviews also mentioned that actual fees ended up being much more than 3,000 locations the. Is presented without warranty in up coming stocks changes they charged me $ 150 find better funds was at! Patty B, 2/15/2019, cons: expensive, however all info is presented without warranty feature the... Is Topped ranked in my IRA that lost 90 % of the orders... Amount if funds investing as well as customized advice to all clients regardless of their career.... Us, but I feel that she would be a $ 100 charge for transferrng out my account... 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He 's raked in while my mom 's account ATTITUDE - LEAVE us raymond james reviews do. Beware and time to shop as home office you so much for your timePaul Mayer, cons:,... Mom was entitled to this money why do we have to pay the lawyers.... I can not so... 925 West Georgia St, Suite 2100 Vancouver, BC V6C 3L2 Chairman and Raymond James is! Star Citizen Mining Spreadsheet, Garden Centre Canning Vale, Honda City 2020 On Road Price, Hamelin Bay Standard Park Cabin, Types Of Secondary Meristem, Southwestern University Philippines Ranking, Self Assessment Essay Examples, Explain The Concept Of Religion, " />
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Lost money every month. 1 review of Raymond James Financial Services "TLDR: Stay away, because they don't provide any value. Ugh. 501 Quintard Ave STE 17. I now feel the need to keep constant watch on my account. Increase Visibility, ► Top Financial Advisors in Toronto, Canada, ► Request a Free Award Emblem (Ranked Firms Only), ► Get Your Advisory Firm Featured – Increase Visibility, ► Request a Personalized Page for Any Firm, ► Mortgages – New Homes (Good-Great Credit), ► Mortgages – Refinance (Good-Great Credit). “What is Raymond James” is the combination of both the entrepreneurs’ last names, Raymond and James. When my father (83 at the time) the so called financial advisor never put a POD on the account even though I was there and gave her my SS#. search for a Financial Advisor on this website. 6/12/2020. https://www.glassdoor.com/Reviews/Raymond-James-Financial-Reviews-E559.… Accounts were there many years. They sold the stock my grandfather bought when I was born. All rights are reserved. He told me instead that he didn't close my account on Friday because he was out of town and wanted to speak with me first about closing my account. Beyond fees, which we looked at specifically in the last section, the other side of the coin are investments and how customers feel about Raymond James’ wealth management performance. The firm’s financial reports show a firm that knows how to make money for its shareholders and clients even during turbulent economic times. Yelp. 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. 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!! Investment firms are more expensive, however if you believe lower cost will lead to better performance results you are wrong. My experience was with the Brannam Group in Jacksonville, Fl. I asked to have my account closed. They are arrogant and pompous! 1/5/2017. Power noted that due to a volatile market, those investors with resilient and well-performing portfolios exhibited trust for their financial advisors and overall satisfaction. I assume the secretary's work is reviewed; it should be--everyone's should be. I did better self- directed at Fidelity than with these jokers. My RJ advisor is well-trained, experienced and provides great service. When I caught them at this they tried to lie their way out of everything. Raymond James An independent review by our team of experts. I believe moms money is gone and I certainly don’t have the money to sue another lawyer or a company and the Jewish Family services are not returning my calls . Consulted advisor Mr Werthe he stated it was within the plan. Parents had their estates planned with Raymond James. I had an account with RJF thru stockbroker Benjamin Biggs. Raymond James Stadium, Tampa: Address, Phone Number, Raymond James Stadium Reviews: 4/5 Raymond James. Nov 3, 2008 … Avoid, Avoid, Avoid. You have good advisors at bad firms and bad advisors at good firms. Auto Services. Finally sat down and reviewed our 4 years of monthly statements - RJ fees $80k, our increase in asset value $4k. Please use respectful and 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. 5/17/2019. Raymond James wealth management encompasses a broad range of financial services to help people plan for retirement, fund their future dreams, and reduce risk. 6/6/2015. They have more advisors with complaints and judgements against them by FINRA....Stay Clear, by Peter K, Financial advisors will lie about everything, invest money in something that won’t give you a return, and charge you outrageous fees they refuse to provide information on. They were happy for us to take it in the next working day. Financial Advisor (33) Administrative Assistant (20) Client Services Associate (17) Associate (16) Operations Associate (16) See more Raymond James reviews by job title. Company Overview Locations FAQ. Check was issued to bank on June 10th, and as of today, June 27th, check has not been received. by unhappy, Have you been wondering, “Should I use Raymond James, or will I find them lacking in some things I need?”. "I wanted to speak with you about your account first" is Raymond James talk for 'your money is now ours, and we'll let you have access to it if we feel like it'. But they come out ahead EVERY SINGLE MONTH, by Anonymous, My Licensed Insurance Agent was Allen M Gonzalez. Avoid this company. Power studies have found that fees and commissions can be a point of confusion for many investors. Raymond James Financial, Inc. is a holding company. Unbelievably, I have never been able to get any info from RJ on the joint account and my missing funds. by Patty B, They charged me thousands every year in fees for doing nothing. Reviews > Raymond James Financial. When it comes to business activity, a Raymond James review of statistics is glowing. Raymond James is set up so it has offices throughout the country, with investment advisors and wealth managers who are affiliated with the company while running their own practices. by Olivia White, Funds were invested with the understanding, primary goal was to invest in something that principal would not be lost. I spoke to a supervisor who said they hoped I would stay with them. 3/1/2018, by Clayton Werden, Write a Review . Add Photo. 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. In addition to the percentage that the broker deducts, there are also commissions for trades (Raymond James calls them "processing fees", although they are commissions). Robert (Bob) Ogren bought me in at a 52 week high. These 2 seniors citizens came to Raymond James for help and believed all was left as they wanted. Nothing but crooks!! GREAT WAY TO LISTEN TO LIES AND LOOSE YOU YOUR HARD EARNED MONEY, by Jimmy, https://www.raymondjames.com/about-us/company-history, https://www.jdpower.com/business/press-releases/2020-us-full-service-investor-satisfaction-study, Reasonable efforts have been made by AdvisoryHQ to present accurate information, however all info is presented without warranty. They are rare, however they exist. 6/2/2017. Please run as fast as you can. Raymond James Financial, Inc. is a holding company. I checked with him once I started getting the sell orders and he said he is doing the same thing with his personnel account. Raymond James Financial Reviews. 2.1k Salaries. Our overall rating for Raymond James is 3 stars out of 5, due to the ongoing issue with Raymond James advisors charging excess commissions and breaking the trust of their clients. Power U.S. 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. Losses were pretty significant. A selection of client testimonials have been selected. I've met twice with the same lady. These are largely relating to excess commissions and fees, as well as feeling their Raymond James financial advisor wasn’t doing enough for their portfolio. I invested my IRA retirement money. by C Ann, I started with a small investment of $50K, Then I got passed to another broker who came to my house. There also many other credit products which are related with home equity and mortgage. When Broker at Raymond James was informed, they did not even look at account, said the POA could, and would not even give us the courtesy of contacting anyone within the Co. about the issue, instead they stood firm in their decision. 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! 1) Annual charges on a very small account were = 25% of the IRS required withdrawals. Pros: They take buy and sell orders pretty good - Never gave me any good advice. It provides financial services to individuals, corporations and municipalities through its subsidiary companies that engage primarily in investment and financial planning. Once we found out about this I started a back and fourth with this Ms Cindy Richards who kept replying under the letterhead of Raymond James and Associates. What is Client Access? What this Raymond James review clearly shows is, like any service you are purchasing, do your homework first. We complained closed account and they charged us 150.00 to close each account. When I asked why I was told only my financial advisor could tell me. Ripped me off, by Carol A Shimp, 282 Benefits. Despite market volatility during the year, including a 14% reduction in the S&P 500 index, the firm reported that it was able to end the year with record annual revenues and earnings. The fact that Raymond James advisors may be independent contractors, i.e., not direct employees of the firm, can also explain the varying levels of satisfaction. The market is doing very good. Raymond James commission schedule for 2021. 9/15/2017, Cons: Two advisors I worked with were not effective and the second handled my accounts poorly. She stated several times we were the same age (although we looked nothing of the same age perhaps stress has aged her more) and how she'd love to retire like I stated I wanted to but that she'd need millions. Pros: None. Whether you’re a mom and pop investor, family trust, commercial venture, or institution, the fact is that you — like any wise investor — want to optimize your investments. YTD loses 10.7 percent.Run, run, run. In May of 2016, FINRA fined Raymond James a total of $17 million due to widespread failures throughout the firm’s anti-money laundering programs. I was told there was nothing I could do about it. My wife and I both had investments for 20 plus years to a broker we trust. Sign Up. The regulator had malfunctioned, which they replaced under warranty. Managers are never available and do nothing. 4/7/2016. The victim was an old and vulnerable person who suffered trust abuse. I had 4 accounts with RJ; 3 were solely in my name, & 1 account was held jointly with my now ex husband (we had created the joint account by each depositing $150,000 of separate property). Was with Raymond James for years and made no money. I have a whole nightmare of incorrectly applied amounts via james too. if you want to succeed, BUY,BUY,BUY!!! I asked Benjamin Biggs multiple times for a statement on fees he charged me for financial transactions. Bottom line be aware and stay away from this company or you will get robbed. 8/25/2016. Started in 1962, the present company was created when Raymond and Associates and Robert A. James Investments merged in 1964. I plan on contacting an attorney to see if this is legal. All totaled 8000.00. While there is much more involved, I'm providing the most obvious example of RJ deceit & incompetence.As I had discovered some financial irregularities, caused by my husband, pertaining to our bank accounts, I was taking inventory of assets I owned wholly or partially. 6/18/2015, Pros: Not a single pro for broker or company, by John Foster, And this gives a more favorable view of Raymond James reviews than when looking at fees. The ranking is based upon responses from 4,532 investors, and it asks them to review 8-factors, including: J.D. Customers Rating: Raymond James Advisory Fee !And it's your future they could neglect like mine! 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.”. by Simone Keller, This firm condones unethical and illegal behavior. She seemed to dismiss me and not take me seriously. If you have money invested you better watch it like a hawk. 5/17/2019. 2.1k Salaries. Digging deeper into Raymond James’ customer reviews on TopRatedFirms.com shows a number of disgruntled customers in relation to the fees charged. 12/9/2019. A lot of hidden fees that I was not informed about. Miranda Marquit. Raymond James originated in 1962, when founder Bob James incorporated his firm as Robert A. James. Popular Article: Financial Advisor Job Description | What Does A Financial Advisor Do? I received an email to come to the office for a check. I trusted him, as he was a friends' financial advisor and he worked for what I thought was a reputable company. Account # P94A7530557 IRA. 10/29/2020. RJ is not to be trusted, dealt with or do any financial business with! My response was NFW. Raymond James. Cons: Expensive, Dishonest and not trustworthy. Don’t Miss: Review of LPL Financial Advisors, Raymond James Review | Raymond James Financial Services. My retirement $220,000 mostly lost everything on advice of financial adviser in early 70 when stock market bottomed out. by Rundontwalk, They should get NO STARS!! 5 Photos. 6/27/2016, Cons: Bad management of IRA, Fees, Service. High ongoing program fees. While these may be independent contractors, they are under the Raymond James umbrella, and the company would be expected to police those advisors operating under its name. In Aug, 1 2007 Publix Super Markets, smart plan was given a check for $17,330,08from my IRA account. I was assured by his co-agent it would be closed that day. College America 529 account closed and moved to RJ. The investment choices for a person approaching her 80s are criminally inappropriate. Brokerage fee structure, IRA account rates. My broker was a condescending jerk. I moved so I transferred my accounts hoping a new location would be better. He argued with me regarding the right to even talk to me as I was not on account and stated” if your mother has a complaint file it but nothing will happen as I have friends in high places and nothing happens to me”. by Bruce, 5/22/2019, Cons: When they lose all your money They close your account & leave you screwed glued & tattooed. But as I said, I think it depends more on the individual broker. Cost me a year and a half of good growth I will never be able to recoup!Please stay away! Very pleased with our advisor. Founded in 1962, Raymond James Ltd. is a full-service investment dealer with branches across Canada and the United States. Their fees were huge, I would have loved to see one month with returns that were more then the amount they took out of my account. 5/14/2019. Make it cumbersome and involved to get your money out. They are rare, however they exist. I know this isn’t a juicy story but its the only one I have. I CAN BET YOU THEY DON'T HAVE ANY IDEAS ABOUT ALL FUNDS UNDER OHIO NATIONAL ONCORE FUND, by Donna Lois Bice Read, My opinion is they mismanaged my account. Kicking myself for not having looked into this 5 years ago. 9/20/2019. There’s no repudiating that a Raymond James review does indeed bring up fee-related incidents that date back to around 2005. Whenever she gave me a plan for retirement she based it on herself, and nothing I had told her I wanted or could do. Disclaimer: Your review, broker rating, pros and complaints information must be honest. by Audy Haze, They charge large fees for everything. 2/3/2018, Cons: Churn, lie, deceitful, out for themselves. We’ll also take a look at the key components of the firm, including Raymond James investment banking and Raymond James wealth Management. The website is out of date and doesn't have the features I would expect. Viewed 32,349 times Apply Online 2020 Winner. I wanted to mention that we're not the same person, she and I and that I have a very different lifestyle...one of a minimalist and not sporting 10k diamond rings and fake tans. Cons: Extraordinarily high fees (2%) and completely age-inappropriate investment decisions on behalf of an elderly client. When presented with the documents showing the directed deposits they have refuse to make the changes. 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! Felt like I was mislead and lied to. They need to learn to not be so pompous and take people seriously because my money will be going somewhere else. They never reply to my e-mail questions ! Log In. 277 Benefits. 1/10/2019. 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. Companies. This is what she gave me, a plan for 1.2 million. Their analysts are bad, they just do what they want with your money and not what you are expected. Unclaimed. Overall I have a terrible experience. There is no monitoring. Investing Edit. Mr. Reilly has a rich history in the financial services industry and has served on the firm’s board of directors since 2006. I recently "fired" them! 2/15/2019, Cons: very, very expensive. Watched market almost daily and the beginning of June, I was getting close to my initial investment and I asked my broker to please liquidate and transfer to an IRA in the bank. Consistent losers this year (2018). The Raymond James CEO that currently heads up the company is Paul C. Reilly. I asked what amount my debit was declined at. They took her home, and refused to meet with her to make changes, saying,"She can't talk. 2/25/2017. Albeit one that may charge fees higher than you’ll see at other investment companies. 2/12/2018, Cons: Lies, uninformed, unqualified, and plays the blame game. Lost money every month. They didn't care about what my money was doing. I've been trying to get records pertaining to account activity and year end info on all 4 of my accounts since the fall of 2012 when RJ fired me as a client, with no explanation, even though I had been a client for many years; however, as I was fired 2 business days after I had complained of my long time broker's big mouth & lack of impartiality, I figure this was the reason. by Anonymous,, When I tried to close the account they charged me a yearly fee of $50 and a closing fee of $100 on top of all the fees they already charged me. The top tier investment firm breaks down its client account fees into a range of charges that may or may not be applicable, depending upon the Raymond James asset management services you use. Also review each firm’s site for the most updated data, rates and info. None, they promised the sky when asking for the business but never delivered on anything. I'm about to move her account to a responsible financial firm and employ the services of an attorney to recover the inexcusable losses. Before I decided to transfer all my accounts I wanted to get an upfront fee for handling my money. You have good advisors at bad firms and bad advisors at good firms. Could retire at any time and did not need risky portfolio. Pros: Both seem to be good with numbers and advise . The only winner here was Raymond James. When comparing the Raymond James customer reviews on TopRatedFirms and the J.D. The total fund went up to 260.000 at some point noe has gone down to 193000. Search. Canada stated there is nothing we can do his office is protected by RJ home office and a complaint would not even be read. TORONTO – Raymond James Ltd., the Canadian arm of North American investment dealer Raymond James Financial Inc., today announced that Brad Sturges, CFA joins its Canadian Equity Research team on Monday August 17 as Managing Director, Equity Research Analyst, covering the Canadian REIT/REOC sector. I asked Benjamin Biggs multiple times for a statement on fees he charged me for financial transactions. The big three ranges are the Freedom Mutual fund, the Freedom ETF and the Freedom Hybrid. My account rep was not interested in building (or managing) an integrated balanced account as much as simply pitching one off investments (many of them underwritten by Raymond James. I complained because I did not remember the last time my broker contacted me to review my account. Do not invest with Raymond James. They charge ridiculous fees and are very smug when you call them and ask questions. It was only after her death that the estate was made aware of these actions explaining why no complaint had been made to the AMF. Its private client group employee channel … With a diverse background and varying areas of expertise, they all strive to exceed client expectations. It may not have not been reviewed, commissioned or otherwise endorsed by any of our network partners or the Investment company. Cons: Very helpful at helping me lose my money. Raymond James has a network of 7,6000 financial advisors across more than 3,000 locations in the U.S., Canada and internationally. Thank you so much for your timePaul Mayer, Cons: Hard to get a hold of poor at returning calls. 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. Many people wonder, “Who is Raymond James?” they mistakenly believe this person must be the company founder. Raymond James Financial is an American diversified holding company. 6/19/2017. So, no I won't be using them. Ben Biggs refused my request every time. Stay away from Raymond James they are out for themselves. As such, investors have the ability here to hand over their assets and let the firm trade, manage, and oversee the account. Dishonest, unethical Advisors as well as home office. 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. We said what plan she losing money and market is going up. Raymond James Ltd. has been chosen as one of: BC's Top Employers, The Career Directory. 8/12/2015. 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. : sold all mutual funds he had sold earlier at a 52 week high be closed that day years. A Shimp, 1/20/2020 charge fees higher than you ’ ll see at other investment companies as advice. Investors are favorable close my IRA that lost 90 % of the best banks in Florida which is providing and! Ranking in the market of them flushed me this courtesy their statements, trade confirmations and tax.! 7,6000 Financial advisors across more than 3,000 locations in the market away, because of this, think! Commissions can be a $ 100 charge for transferrng out my small account then me... Employees, 4,217 of which are related with home equity and mortgage ; Copyright ©.. Markets, smart plan was given a check matter over to a broker we trust, increase,. 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He 's raked in while my mom 's account ATTITUDE - LEAVE us raymond james reviews do. Beware and time to shop as home office you so much for your timePaul Mayer, cons:,... Mom was entitled to this money why do we have to pay the lawyers.... I can not so... 925 West Georgia St, Suite 2100 Vancouver, BC V6C 3L2 Chairman and Raymond James is!

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