Raymond James is latest to offer hybrid adviser plan

03/19/2013 | Reuters · InvestmentNews (free registration)

Raymond James Financial Services is set to begin offering a payment structure to high-end financial advisers. The hybrid plan allows advisers to collect a commission on some product sales as well as a money management fee. Advisers compensated this way will be registered as brokers with the Financial Industry Regulatory Authority, as well as registered investment advisers with the Securities and Exchange Commission.

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Reuters · InvestmentNews (free registration)

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