Raymond James Plans Big Play to Keep RIA-Bound Advisors
June 25, 2019 By Mrinalini Krishna, Financial Advisor IQ Hoping to catch advisors looking to go the RIA route, Raymond+James is considering providing an in-house opportunity for advisors who want to drop their Finra registration to transition to the RIA model. Raymond James private client group president Scott Curtis says the firm is working on “an opportunity for advisors who perhaps want to drop their Finra registration, but operate as a fee-only practice. They’ll be able to do that under the corporate RIA and not necessarily have to exit Raymond James as either an independent advisor or potentially as an employee advisor, and go to an independent RIA to operate under that model.” Curtis adds that a pilot for this program will likely be “up and running before the end of this calendar year.” Some industry...
