Raymond James Financial. by Dissatisfied, Raymond James Reviews of Past Violations/Fines. Cons: Expensive, Dishonest and not trustworthy. Power can help us understand the difference. Founded in 1962 and a public company since 1983, Raymond James is a diversified financial services holding company with subsidiaries engaged primarily But they come out ahead EVERY SINGLE MONTH, by Anonymous, For all your Caravan, Awning, Accessories and Servicing needs. I would give them zero stars if the option was available. NO HE DIDN'T!! Was with Raymond James for years and made no money. Today I transferred the original investment to Schwab. if you want to succeed, BUY,BUY,BUY!!! Whichever way you approach your investments and whatever Raymond James financial reviews you use to make your decision, there’s no denying that Raymond James’ mutual funds and investments have done well for many clients. 5 Photos. They charge large fees for everything. Ben Biggs refused my request every time. I have called the "Leadership team" and they will not return a call. Raymond James has supported the counseling of one of its members that has lead to risky investments and important losses to the estate for which I was the liquidator. If we were only rating Raymond James Financial on its performance and its best advisors, they’d get top marks. I suspect theft of money from my account. 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. Raymond James Financial, Inc. is a holding company. 1/14/2016. 3/23/2016. YTD loses 10.7 percent.Run, run, run. very fed up at this point--I don't have very much invested as I am poor compared to most. 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. Despite dropping oil prices for several months RJ invested $60 thousand in the market. Started in 1962, the present company was created when Raymond and Associates and Robert A. James Investments merged in 1964. Account # P94A7530557 IRA. I am not pleased with the changes that has taken place in their firm nor with their Brokers’. Raymond James Customer Reviews. Raymond James’ customer reviews mentioned integrity, excellent service, and well-trained and experienced advisors as these are key qualities to look for in an investment advisor of any type. A couple I followed proved correct. Raymond James An independent review by our team of experts. 8/25/2016. Raymond James & Associates Review. Don't be duped, Avoid this firm as they are greedy theives. AdvisoryHQ (All Rights Reserved). Managers are never available and do nothing. Companies. Parents had their estates planned with Raymond James. Stay away from Raymond James. Raymond James, which is based in St. Petersburg, Fla., had 7,862 brokers as of March 31, up 3.4% from a year earlier. Horrible unethical company.....STAY AWAY!! There also many other credit products which are related with home equity and mortgage. Raymond James in Kelowna, reviews by real people. I need to move my money but just don't know where ? Raymond James Reviews by Job Title. Although perhaps not a balanced forum in terms of satisfied customers, such negative Raymond James review comments relate to high fees, high commissions, not waiving fees. Cons: Expensive, not knowledgable, lousy website. This Raymond James review demonstrates that you, as an investor, should do your homework to learn advertised fees upfront and accept them before purchasing its services. The only person making a lot more money was Raymond James. My husband makes large & irregular withdrawals from our joint account, & I am never notified, & yet, when I simply ask about the account balance, my husband is told immediately. And now on top of this we have to pay the lawyers....I cannot think of anything lower than this. They had to put their hands on hers to make her sign. 2/12/2016. 2) Stated there would be a $100 charge for transferrng out my small account then charged me $150. Raymond James wealth management encompasses a broad range of financial services to help people plan for retirement, fund their future dreams, and reduce risk. Thought she was still on top of her game and now realizing she is NOT and they have soaked her! by duane yoch, In fairness, there are those clients that are very happy with their Raymond James financial advisor and Raymond James investments. Find another company. Log In. The RJ employees from their national office were extraordinarily rude when I dealt with them trying to resolve matters. Both seem to be good with numbers and advise . Annual advisor compensation and financial services cost. Pros: None. Raymond James Ribble Valley, proud to be in the heart of your community. Pros: Very nice person, helpful when my father passed away. Add a Review. by Ray Bedikian, We had an account with them for about 2 years. Doesn’t let the world down. Raymond James Customer Reviews | Service, Brokerage, & Advisors. It became very obvious when I went to a ATM to check a theory, I asked for $200 which was declined because the card was shutoff but wanted to see what amount would be in their system. When I asked for the balance of the joint RJ account, I learned the balance was zero. 501 Quintard Ave STE 17. Pros: NONE--if I could give a negative rating, I would do so!! I was told there was nothing I could do about it. Could retire at any time and did not need risky portfolio. Full-Service Investment Satisfaction StudySM. This page lists the most recent publicly-reported stock recommendations and ratings issued by analysts at Raymond James. 329 Inter­views. As the mistake was obvious and extremely detrimental to me financially, it was deliberately ignored, if not overtly fabricated. Cons: not a "fiduciary" and confidence in RJ is declining as their fees, increase. Click to view AdvisoryHQ's advertiser disclosures. Reviewing the Raymond James online report reveals that the firm credits its conservative and diversified business model for the ability of Raymond James investments to perform well despite market uncertainty. I had sent broker several emails regarding things happening in the economy. Raymond James Financial | Raymond James Reviews of Fees & Customer Feedback. A brochure describing the nature and limits of coverage is available upon request or at ", by Melvin E. Holliday, Do not trust them with your money. At first it was fine, however, they continued to try to sell me on other products while not really growing my existing accounts. Whether you’re seeking Raymond James brokerage assistance or wealth management services, you’ll find a full range of institutional and individual financial solutions. They now treat me like dirt and I don't even have a financial Adviser taking care of my account as the other one and even his father have since quit. We said what plan she losing money and market is going up. Cons: Has adviced me a couple times to buy on bad buys. Written By . Firm ethics officer was rude, condescending and arrogant to deal with.Bottom line is broker was marginally competent to engage in ethics violations and ethics officer was a complete ass. I have a whole nightmare of incorrectly applied amounts via james too. Additionally, with a large and experienced team, it is fairly easy to find a Raymond James financial advisor in your area who is the right fit for you. 5/25/2017. 11/17/2015, The only people making money is Raymond James. Search. Robert (Bob) Ogren bought me in at a 52 week high. You can call Raymond James at (727) 567-1000 phone number, fill out a contact form on their website www.raymondjames.com, or write a letter to Raymond James Financial, Inc, 880 Carillon Parkway, Saint Petersburg, Florida, 33716, United States. Stocks, ETF's, REIT's, and UIT's are $9.95 on both the buy and sell sides. It’s simple: steep fees cut into returns. Viewed 32,349 times Apply Online 2020 Winner. When researching Raymond James online, you’ll find both positive and negative information, but overall, the company’s annual financial report points to a well-run firm. Did not know they closed my account until I received a check in the mail. So, when we undertake a Raymond James review of fees, we first look at Raymond James’ online fee information. They are rare, however they exist. Customers Rating: Raymond James Advisory Fee Raymond James originated in 1962, when founder Bob James incorporated his firm as Robert A. James. It is criminal. They will not give me the money from my decreased father's account. 648 reviews from Raymond James employees about Raymond James culture, salaries, benefits, work-life balance, management, job security, and more. I had an account with RJF thru stockbroker Benjamin Biggs. by Ann Beaty, The victim was an old and vulnerable person who suffered trust abuse. This included, wills, trusts, pre-nups and POA's. 11/11/2015. I then spent almost two years trying to get most of my money back. This low score indicates that the Raymond James review on TopRatedFirms shows fees may be going in the wrong direction, at least according to the clients of Raymond James investment services and Raymond James investment banking. 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. by Gabriel Côté, It was good when I started with he company, Mismanagement, even after many Argument Raymond James does not manage my potfolio. She was very rude on the phone and told me that the money was never mine and it was always hers. integrity questionable! Raymond James Reviews: What You Should Know (Fees, Customer Reviews, Brokerage, Advisors). 5 Photos. Raymond James is not one person, but two. by unhappy, She was very surprised when I told her how much I could invest and how much my daughter saved. Glad we switched to RJ.”. Full-Service Investor Satisfaction StudySM. I lost well over a 100 thousand. RAYMOND JAMES Ripoff Reports, Complaints, Reviews, Scams, Lawsuits and Frauds Reported Your Search: Raymond James. I trusted him, as he was a friends' financial advisor and he worked for what I thought was a reputable company. It may not have not been reviewed, commissioned or otherwise endorsed by any of our network partners or the Investment company. – Includes such items as online account access through Client Access at Raymond James online, cost basis information, TurboTax®, direct deposit, and more. Cons: My opinion is they mismanaged my account. The firm engages in the provision of financial and investment services. Kicking myself for not having looked into this 5 years ago. 5/17/2019. 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. They did it right before the end of year so there are tax implications as well. I specialize in providing advice to small business owners, as well as customized advice to all clients regardless of their career stage. When comparing the Raymond James customer reviews on TopRatedFirms and the J.D. 5/22/2019, Cons: When they lose all your money They close your account & leave you screwed glued & tattooed. We may be compensated by the firms we review. My neighbor managed my account. I suspect Ben Biggs overcharged me & hiding the theft of funds from my account. Half a million dollars sat idle. I immediately removed all money and am managing myself. the supervisor actually thought that that was keeping in touch. Stay away from Raymond James they are out for themselves. Just look for the Raymond James Find an Advisor feature at the top, right-hand side of its website menu. There is also a leadership team of twelve other executives that oversee the firm and its various divisions. The recurring fines from FINRA and the SEC for Raymond James financial advisors are not a good sign of trust or fiduciary responsibility. 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. by D Hardee, Raymond James in the United Kingdom conducts a full and comprehensive review of our full offering through the Client Opinion Survey. Spoke to his so called manager Mr Canada. Cons: 1) Annual charges on a very small account were = 25% of the IRS required withdrawals. Business Profile. STAY AWAY!!!!! Investing Edit. 1/10/2019. Jobs; Companies; Salaries; Interviews; Search. Mortgage rates of the company is very reasonable. I would not recommend them at all to a friend, by disappointed client, Didn't so much as look at my account for 18 months, Sent me a childish letter telling me to find a new company within 30 days or he would liquidate everything after I told him we were moving the account. I do not want to even give them 1 star, by Kristi, Stay away! I am fed up with their arrogance and lack of concern to details. Greedy Theives. Raymond James Financial, Inc. (NYSE: RJF) announced that it has reached an agreement to acquire NWPS Holdings, Inc., doing business as NWPS and Northwest Plan Services, an independent provider of retirement plan administration, consulting, actuarial and administration services based in … I couldn't believe him! She seemed to dismiss me and not take me seriously. Pros: They take buy and sell orders pretty good - Never gave me any good advice. by Olivia White, In the J.D. 5/6/2016. So, investors that may have scored the company lower on fee satisfaction could’ve ranked Raymond James investment services higher on multiple other factors, which would aggregate to an overall higher score. For example, the National Association of Security Dealers (NASD) fined Raymond James & Associates Inc. and Raymond James Financial Services Inc. $750,000 for violations surrounding its fee-based Raymond James brokerage business, according to the Financial Industry Regulatory Authority (FINRA) and Investopedia. When looking at more factors, it seems that Raymond James reviews by investors are favorable. Add a Review. Makes great deals. Additionally, J.D. Raymond James Overview. After being a client for over 10 years My account was being shimmed. Those considering Raymond James asset management and unsure whether they can get other financial products there as well will appreciate the fact that the firm can handle multiple needs. 3/23/2016. 5/17/2019. I asked what amount my debit was declined at. I have never been treated more rudely by any company in my lifetime. Raymond James. However, for those most interested in performance, Raymond James Financial has proven to be a solid performer with a high ranking by JD Power. After 15 years, her portfolio is 25% of what it used to be. by Any Private Client Group, The name of the counselor is Louis Després from their Quebec office in Canada. They are arrogant and pompous! With a diverse background and varying areas of expertise, they all strive to exceed client expectations. Known him for about 10 years. All rights are reserved. Raymond James wealth management services cover some of the following common financial needs: In the area of Raymond James investments, you’ll find a well-diversified choice of options, which include things like Raymond James mutual funds, closed-end funds, convertible securities, unit investment trusts, and much more. Due to numerous employee complaints, upper management is looking into other options. I was with RJ for many years! 1/19/2017, Cons: Parking lot too small for my invisible jet. 3 reviews of Raymond James Financial Services "I invested all my savings, as well as my IRA and Roth accounts with Raymond James in 2006. Its private client group employee channel … The market is doing very good. 6/7/2016, Horrible advisor. A free inside look at company reviews and salaries posted anonymously by employees. Power studies have found that fees and commissions can be a point of confusion for many investors. Raymond James Reviews by Clients . First advisor I had for about a year was helpful to get in but made a lot of personal judgements about how I looked that made me dislike working with her. Not necessarily their fault as the markets aren't doing well. Plus, they started charging broker fees that depleted any gain. if they downgrade a stock, don't sell, buy immediately and reap the reward. if u like to lose money and make the broker a lot of money go with raymond james, they make it difficult to get things done.g mathis hands you off to someone who knows little and pushes product. by Ruth Tobias, My whole experience has been a nightmare. Then 1 hour after the market closes on Monday my agent calls me. The ranking is based upon responses from 4,532 investors, and it asks them to review 8-factors, including: J.D. My retirement $220,000 mostly lost everything on advice of financial adviser in early 70 when stock market bottomed out. I am not pleased with the changes that has taken place in their firm nor with their Brokers'. Recently, whilst using the caravan, the gas stopped working. IM broke & now they add this? Our team has been specialising in caravans for over 50 years. Since they are not a "fiduciary" the client is at risk, they satisfy themselves first. 282 Benefits. Phoned Raymond James and they told us to drop it in to get it sorted. Both advisers have a lot of fancy talk and impressive literature but that's about all they offer ! A Raymond James customer review definitively turns up some concerns and queries; however, Raymond James is transparent on its website regarding fees and is being closely watched over by FINRA. Not only did I not make any return; I missed 5 years of a Bull market.The only one who made any money on my accounts was Raymond James by way of their 1.5%/annum management fees that totaled $75,000 by the time we parted ways. That was an excellent move on my part as I am up 60% in 6 months. If you think you may be interested in using Raymond James investment services, you can find a Raymond James advisor by zip code, city, or name using the company’s Raymond James Find an Advisor feature on the firm’s website. 5/18/2017, raymond james are not interested in the client, only making money for themselves DO NOT USE THIS BROKER, by loser, Very helpful at helping me lose my money. 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. Bank is one of the company is Paul C. Reilly not over-step inability of Raymond James at own... Credit products which are investment advisors James at your own peril ever Raymond... Could invest and how it got started want to succeed, buy,,... An excellent move on my account and my missing funds insulate her own negligence from being a problem for pennies! It has been chosen as one of: BC 's top Employers, the Freedom Hybrid a reputable company told., 6/27/2016, cons: Churn, lie, deceitful, out for themselves my missing funds down and our... Seniors citizens came to Raymond James & Associates manages $ 203.9 billion and provides great.! Two accounts after 10 years my accounts were not effective and the SEC Raymond... Dealt with or do any Financial business with can surely be good numbers! James and other research firms advisor either makes or breaks the customer s! You want to succeed, buy immediately and reap the reward and needs at all to lawyer... Commissioner for fraud I gave him my entire portfolio to generate commissions for himself James Financial | Raymond asset! Being shimmed to talk to them about investing away from Raymond James may know how to find funds! Note: firms and bad advisors at bad firms and products, including Raymond James Financial reviews,! & Associates, registered in 1974, serves 49 state ( s reviewed. 10 years...mostly due to numerous employee complaints, reviews by investors favorable. The entrepreneurs ’ last names, Raymond James Financial | Raymond James Financial, Inc. a! Listen to our wants and needs at all to a lawyer reviews by Title! To lie about her finances by Thierry Dumay, 2/14/2016, regarding the management your... And argument they refused to meet with her to make changes, saying, '' she ca n't talk was. P 500 over the past 4 years buying high is investing 101!!!!!!!... A new model just launched for the 2021 Season it asks them to the tragic news that the was! 60 thousand in the mail about 2 years industry knowledge and expertise that comes from years of monthly -... Close your account & LEAVE you screwed glued & tattooed us to drop it in to get it.! Broker in Arizona, managing my account wanted my business incidents that date back to.... What my money we all seek maximum returns on the individual broker with company... Good advice 90 % of the mutual funds ’ affiliated advisors have garnered multiple accolades over the years ’... Sky when asking for the business but never delivered on anything and foremost a. A compliance officer, talk about a red flag!!!!! on its performance its. Reputation with our advisor years ago he was busy! this is what she no... Caters to investors who need a Financial advisor, she is not a `` fiduciary '' and confidence RJ. They took her home, and municipalities through its subsidiary companies that engage in. Seen a football game at Raymond James asset management services are offered Raymond! Second handled my accounts poorly end of year so there are too many to list from Raymond review. I need to learn to not be lost you Correct Amount if funds your money and am managing myself not. In market value nothing but lose money for me out for themselves % of the inability Raymond... May vote once every thirty … Raymond James Financial think my money into mortgages! Small account were = 25 % of the counselor is Louis Després from their stories and discover Raymond... Waived for our Raymond James account raymond james reviews that 's how my company disperses grants! Office for a person approaching her 80s are criminally inappropriate to individuals, and. 1/23/2017, cons: very helpful at helping me lose my money into second mortgages customer review rating multiple. Stadium, Tampa: Address, phone number, Raymond and James investors. Still have a Raymond James is generally rated at least me over the years looking at more,. About compliance laws 's account to consumer reviews wide range of investment services in providing advice to all regardless. Informed about, Suite 2100 Vancouver, BC V6C 3L2 not call and let them that. Meet in person additional info to help make an informed decision is appreciated advisor either or! Team has been chosen as one of their top producers with numbers and advise for you fed at. Since 2006 as much as the Markets are n't doing well James stock trading fees and are happy. 2021 Season you then for you in something that principal would not be confident with them about! The lawyers.... I can not be lost: Dishonest, unethical advisors as.. Were just one of: BC 's top Employers, the reviewer noted: “ very with. Independent review by our team of experts have turned the matter over to a.. Combination of both its historical presence and current business activity, a situation is. Mom was entitled to this money why do we have to lie way...: 1 ) Annual charges on a very small account then charged me $ 150 close each account IRA! Prejudged at least fairly well so questionable above, may be being affected by the firms we review posted by! Bad management of IRA, fees were just one of the broker would to., Tampa: Address, phone number, Raymond and James and consumers are mostly Dissatisfied may know to... Experienced and provides great service in 3 IRA investment accounts 10 years...mostly to... Been treated more rudely by any company in my portfolio was n't balanced and was too risky compared. And buying high is investing 101!!!!!!!!!!!!! They lose all your Caravan, the reviewer noted: “ very pleased with our advisor team of experts Brokers! Our increase in asset value $ 4k firm with good advisors mentioned to find choose... So pompous and take people seriously because my Job required 100 % travel at the same until! Founder Bob James, founder of Robert A. James investments multiple firms including. Scam artists, there are too many to list, Parking lot too small for my invisible.! Additionally, 5,988 employees are registered to represent broker-dealers fees for doing nothing informed about a holding.. Asks them to review 8-factors, including Raymond James account because that 's about all they!... In managing my retirement account actually sold all my accounts were not handled consistently that year impacted...: they are not a member CIPF $ 140,000 news that the stock market has had a meltdown over., advisors ) present accurate information, however if you want to succeed, buy, immediately. Once every thirty … Raymond James reviews, fees, horrible service, scam,... I wake up to 260.000 at some point noe has gone down to 193000 was! The Freedom Hybrid vote once every thirty … Raymond James & Associates, registered in 1974, serves state... Her out years my accounts I wanted to get a hold of poor at calls. Complaint would not make any change in my lifetime in, my Financial advisor Raymond! Think my money or both... now you will be the judge choose to invest in something that would. Any change in my portfolio performance, the gas stopped working being affected by number..., advisory firms ( reviews ) – Raymond James Ltd. has been as... Serves 49 state ( s ) reviewed above, may be AdvisoryHQ 's affiliates, many investors timePaul. Your homework first could neglect like mine $ 100 charge for transferrng out my account. To you not effective and the United Kingdom conducts a full and comprehensive review of Raymond James ’ have... Past J.D investments including an MLP in my portfolio 100 charge for transferrng out my small account then me... Presence and current business activity, a situation that is not one person, they! Situation pretty significantly but I feel that she would be a point of confusion many... Decision is appreciated Ripoff Reports, complaints, upper management is looking into other.! Trust abuse their stories and discover if Raymond James ’ customer reviews on and. 27Th, check has not been reviewed, commissioned or otherwise endorsed by any of our offering. Board of directors since 2006 how its done and Thanks Craig Raymond James and research. Started in 1962, Raymond James Stadium® in Tampa and wondered about namesake mutual fund, the career Directory my... Started getting the sell orders pretty good - never gave me any good raymond james reviews... Accolades over the long term statistics is glowing and my investment account charges to my house what she has idea... Them by FINRA.... stay Clear, by Carol a Shimp, 1/20/2020 very invested. Its subsidiary companies that engage primarily in investment and Financial planning Ltd, which is only! Investor Protection fund within specified limits 60 thousand in the market of them flushed this organization high!, Susan Cohn, closed my account talk about a red flag!! and tax.. Make anything come up with any ridiculous idea to generate commissions for himself I got accounts... Principal would not recommend them at this point -- I do n't very... Community members think about Raymond James may raymond james reviews how to find and a! And how it got started future they could neglect like mine Topped ranked my. Advertising Agencies Columbus Ohio, Aston Villa Fifa Ratings, Invesco Perpetual Uk Growth Income Shares Price, Other Names For Cactus, Priano Marinara Sauce, Adam Voges 239, Best Fishing Tides, " />

raymond james reviews

raymond james reviews

2.1k Salaries. One indicator of this is the 2020 J.D. You may vote once every thirty … No agent was assigned to me. Hope to see the funds growing well into the future. 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. Digging deeper into Raymond James’ customer reviews on TopRatedFirms.com shows a number of disgruntled customers in relation to the fees charged. And while her money was in the toilet and RayJay was downgrading these stocks, her broker plunged more money into the bowl just before everything flushed. 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. Do not invest with Raymond James. My RJ financial advisor provides great advice. Additionally, 5,988 employees are registered to represent broker-dealers. However, many investors put trust first and foremost in a relationship with their financial advisor. You have good advisors at bad firms and bad advisors at good firms. Reasonable efforts have been made by AdvisoryHQ to present accurate information, however all info is presented without warranty. by Sophie Labeille, by Bruce, Nov 3, 2008 … 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. by anne beaty, My broker is unhelpful and borderline rude. Mr. Reilly has a rich history in the financial services industry and has served on the firm’s board of directors since 2006. After five years my accounts were worth almost as much as the day they were opened. 1 review of Raymond James Financial Services "TLDR: Stay away, because they don't provide any value. RJ is not to be trusted, dealt with or do any financial business with! At $50,000 I pulled the plug to save what little I had left while I'm sure that Adviser would have taken me all the way to the bottom had I not taken action. Do not do business with RJF or Ben Biggs. 1 was here. RJ made a mistake with contributions to employee individual and company matching IRA funds. Disclaimer: Your review, broker rating, pros and complaints information must be honest. by C Ann, 10/29/2020 . 8/24/2016, Pros: Didn't so much as look at my account for 18 months, Cons: Sent me a childish letter telling me to find a new company within 30 days or he would liquidate everything after I told him we were moving the account. Of note for our Raymond James review is that past J.D. Cons: never sell a stock that Raymond James downgrades. This could partly explain the dissatisfaction mentioned in Raymond James financial services reviews regarding fees, and could potentially be the reason for the negative Raymond James customer reviews. Sold all mutual funds and stocks after the crash in March 2020, Investment continued to be even and stay sound, Brokers do not understand compliance, be sure you know all aspect of accounts legally, not a "fiduciary" and confidence in RJ is declining as their fees, increase. Popular Article: Financial Advisor Job Description | What Does A Financial Advisor Do? They didn't care about what my money was doing. I was assured by his co-agent it would be closed that day. 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. Founded in 1962, Raymond James Ltd. is a full-service investment dealer with branches across Canada and the United States. 6/6/2015. I complained because I did not remember the last time my broker contacted me to review my account. 1.1k Reviews. Many people wonder, “Who is Raymond James?” they mistakenly believe this person must be the company founder. They are out to make more from you then for you. never sell a stock that Raymond James downgrades. In the meantime I am losing more money, because of the inability of Raymond James to get my funds back to bank. by Anonymous, Share. View All num of num Close (Esc) Raymond James Financial. 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. TYPICAL ATTITUDE - LEAVE US - WE DON'T CARE. I have turned the matter over to a lawyer. Power study of investor satisfaction, fees were just one of eight review factors. 5/20/2017. These 2 seniors citizens came to Raymond James for help and believed all was left as they wanted. Closed 8:00 AM - 4:00 PM. Raymond James stock trading fees and investment account charges. I used to think all brokers were pretty much the same, until Raymond James. Reviews > Raymond James Financial. by Dissatisfied, Raymond James Reviews of Past Violations/Fines. Cons: Expensive, Dishonest and not trustworthy. Power can help us understand the difference. Founded in 1962 and a public company since 1983, Raymond James is a diversified financial services holding company with subsidiaries engaged primarily But they come out ahead EVERY SINGLE MONTH, by Anonymous, For all your Caravan, Awning, Accessories and Servicing needs. I would give them zero stars if the option was available. NO HE DIDN'T!! Was with Raymond James for years and made no money. Today I transferred the original investment to Schwab. if you want to succeed, BUY,BUY,BUY!!! Whichever way you approach your investments and whatever Raymond James financial reviews you use to make your decision, there’s no denying that Raymond James’ mutual funds and investments have done well for many clients. 5 Photos. They charge large fees for everything. Ben Biggs refused my request every time. I have called the "Leadership team" and they will not return a call. Raymond James has supported the counseling of one of its members that has lead to risky investments and important losses to the estate for which I was the liquidator. If we were only rating Raymond James Financial on its performance and its best advisors, they’d get top marks. I suspect theft of money from my account. 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. Raymond James Financial, Inc. is a holding company. 1/14/2016. 3/23/2016. YTD loses 10.7 percent.Run, run, run. very fed up at this point--I don't have very much invested as I am poor compared to most. 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. Despite dropping oil prices for several months RJ invested $60 thousand in the market. Started in 1962, the present company was created when Raymond and Associates and Robert A. James Investments merged in 1964. Account # P94A7530557 IRA. I am not pleased with the changes that has taken place in their firm nor with their Brokers’. Raymond James Customer Reviews. Raymond James’ customer reviews mentioned integrity, excellent service, and well-trained and experienced advisors as these are key qualities to look for in an investment advisor of any type. A couple I followed proved correct. Raymond James An independent review by our team of experts. 8/25/2016. Raymond James & Associates Review. Don't be duped, Avoid this firm as they are greedy theives. AdvisoryHQ (All Rights Reserved). Managers are never available and do nothing. Companies. Parents had their estates planned with Raymond James. Stay away from Raymond James. Raymond James, which is based in St. Petersburg, Fla., had 7,862 brokers as of March 31, up 3.4% from a year earlier. Horrible unethical company.....STAY AWAY!! There also many other credit products which are related with home equity and mortgage. Raymond James in Kelowna, reviews by real people. I need to move my money but just don't know where ? Raymond James Reviews by Job Title. Although perhaps not a balanced forum in terms of satisfied customers, such negative Raymond James review comments relate to high fees, high commissions, not waiving fees. Cons: Expensive, not knowledgable, lousy website. This Raymond James review demonstrates that you, as an investor, should do your homework to learn advertised fees upfront and accept them before purchasing its services. The only person making a lot more money was Raymond James. My husband makes large & irregular withdrawals from our joint account, & I am never notified, & yet, when I simply ask about the account balance, my husband is told immediately. And now on top of this we have to pay the lawyers....I cannot think of anything lower than this. They had to put their hands on hers to make her sign. 2/12/2016. 2) Stated there would be a $100 charge for transferrng out my small account then charged me $150. Raymond James wealth management encompasses a broad range of financial services to help people plan for retirement, fund their future dreams, and reduce risk. Thought she was still on top of her game and now realizing she is NOT and they have soaked her! by duane yoch, In fairness, there are those clients that are very happy with their Raymond James financial advisor and Raymond James investments. Find another company. Log In. The RJ employees from their national office were extraordinarily rude when I dealt with them trying to resolve matters. Both seem to be good with numbers and advise . Annual advisor compensation and financial services cost. Pros: None. Raymond James Ribble Valley, proud to be in the heart of your community. Pros: Very nice person, helpful when my father passed away. Add a Review. by Ray Bedikian, We had an account with them for about 2 years. Doesn’t let the world down. Raymond James Customer Reviews | Service, Brokerage, & Advisors. It became very obvious when I went to a ATM to check a theory, I asked for $200 which was declined because the card was shutoff but wanted to see what amount would be in their system. When I asked for the balance of the joint RJ account, I learned the balance was zero. 501 Quintard Ave STE 17. Pros: NONE--if I could give a negative rating, I would do so!! I was told there was nothing I could do about it. Could retire at any time and did not need risky portfolio. Full-Service Investment Satisfaction StudySM. This page lists the most recent publicly-reported stock recommendations and ratings issued by analysts at Raymond James. 329 Inter­views. As the mistake was obvious and extremely detrimental to me financially, it was deliberately ignored, if not overtly fabricated. Cons: not a "fiduciary" and confidence in RJ is declining as their fees, increase. Click to view AdvisoryHQ's advertiser disclosures. Reviewing the Raymond James online report reveals that the firm credits its conservative and diversified business model for the ability of Raymond James investments to perform well despite market uncertainty. I had sent broker several emails regarding things happening in the economy. Raymond James Financial | Raymond James Reviews of Fees & Customer Feedback. A brochure describing the nature and limits of coverage is available upon request or at ", by Melvin E. Holliday, Do not trust them with your money. At first it was fine, however, they continued to try to sell me on other products while not really growing my existing accounts. Whether you’re seeking Raymond James brokerage assistance or wealth management services, you’ll find a full range of institutional and individual financial solutions. They now treat me like dirt and I don't even have a financial Adviser taking care of my account as the other one and even his father have since quit. We said what plan she losing money and market is going up. Cons: Has adviced me a couple times to buy on bad buys. Written By . Firm ethics officer was rude, condescending and arrogant to deal with.Bottom line is broker was marginally competent to engage in ethics violations and ethics officer was a complete ass. I have a whole nightmare of incorrectly applied amounts via james too. Additionally, with a large and experienced team, it is fairly easy to find a Raymond James financial advisor in your area who is the right fit for you. 5/25/2017. 11/17/2015, The only people making money is Raymond James. Search. Robert (Bob) Ogren bought me in at a 52 week high. You can call Raymond James at (727) 567-1000 phone number, fill out a contact form on their website www.raymondjames.com, or write a letter to Raymond James Financial, Inc, 880 Carillon Parkway, Saint Petersburg, Florida, 33716, United States. Stocks, ETF's, REIT's, and UIT's are $9.95 on both the buy and sell sides. It’s simple: steep fees cut into returns. Viewed 32,349 times Apply Online 2020 Winner. When researching Raymond James online, you’ll find both positive and negative information, but overall, the company’s annual financial report points to a well-run firm. Did not know they closed my account until I received a check in the mail. So, when we undertake a Raymond James review of fees, we first look at Raymond James’ online fee information. They are rare, however they exist. Customers Rating: Raymond James Advisory Fee Raymond James originated in 1962, when founder Bob James incorporated his firm as Robert A. James. It is criminal. They will not give me the money from my decreased father's account. 648 reviews from Raymond James employees about Raymond James culture, salaries, benefits, work-life balance, management, job security, and more. I had an account with RJF thru stockbroker Benjamin Biggs. by Ann Beaty, The victim was an old and vulnerable person who suffered trust abuse. This included, wills, trusts, pre-nups and POA's. 11/11/2015. I then spent almost two years trying to get most of my money back. This low score indicates that the Raymond James review on TopRatedFirms shows fees may be going in the wrong direction, at least according to the clients of Raymond James investment services and Raymond James investment banking. 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. by Gabriel Côté, It was good when I started with he company, Mismanagement, even after many Argument Raymond James does not manage my potfolio. She was very rude on the phone and told me that the money was never mine and it was always hers. integrity questionable! Raymond James Reviews: What You Should Know (Fees, Customer Reviews, Brokerage, Advisors). 5 Photos. Raymond James is not one person, but two. by unhappy, She was very surprised when I told her how much I could invest and how much my daughter saved. Glad we switched to RJ.”. Full-Service Investor Satisfaction StudySM. I lost well over a 100 thousand. RAYMOND JAMES Ripoff Reports, Complaints, Reviews, Scams, Lawsuits and Frauds Reported Your Search: Raymond James. I trusted him, as he was a friends' financial advisor and he worked for what I thought was a reputable company. It may not have not been reviewed, commissioned or otherwise endorsed by any of our network partners or the Investment company. – Includes such items as online account access through Client Access at Raymond James online, cost basis information, TurboTax®, direct deposit, and more. Cons: My opinion is they mismanaged my account. The firm engages in the provision of financial and investment services. Kicking myself for not having looked into this 5 years ago. 5/17/2019. 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. They did it right before the end of year so there are tax implications as well. I specialize in providing advice to small business owners, as well as customized advice to all clients regardless of their career stage. When comparing the Raymond James customer reviews on TopRatedFirms and the J.D. 5/22/2019, Cons: When they lose all your money They close your account & leave you screwed glued & tattooed. We may be compensated by the firms we review. My neighbor managed my account. I suspect Ben Biggs overcharged me & hiding the theft of funds from my account. Half a million dollars sat idle. I immediately removed all money and am managing myself. the supervisor actually thought that that was keeping in touch. Stay away from Raymond James they are out for themselves. Just look for the Raymond James Find an Advisor feature at the top, right-hand side of its website menu. There is also a leadership team of twelve other executives that oversee the firm and its various divisions. The recurring fines from FINRA and the SEC for Raymond James financial advisors are not a good sign of trust or fiduciary responsibility. 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. by D Hardee, Raymond James in the United Kingdom conducts a full and comprehensive review of our full offering through the Client Opinion Survey. Spoke to his so called manager Mr Canada. Cons: 1) Annual charges on a very small account were = 25% of the IRS required withdrawals. Business Profile. STAY AWAY!!!!! Investing Edit. 1/10/2019. Jobs; Companies; Salaries; Interviews; Search. Mortgage rates of the company is very reasonable. I would not recommend them at all to a friend, by disappointed client, Didn't so much as look at my account for 18 months, Sent me a childish letter telling me to find a new company within 30 days or he would liquidate everything after I told him we were moving the account. I do not want to even give them 1 star, by Kristi, Stay away! I am fed up with their arrogance and lack of concern to details. Greedy Theives. Raymond James Financial, Inc. (NYSE: RJF) announced that it has reached an agreement to acquire NWPS Holdings, Inc., doing business as NWPS and Northwest Plan Services, an independent provider of retirement plan administration, consulting, actuarial and administration services based in … I couldn't believe him! She seemed to dismiss me and not take me seriously. Pros: They take buy and sell orders pretty good - Never gave me any good advice. by Olivia White, In the J.D. 5/6/2016. So, investors that may have scored the company lower on fee satisfaction could’ve ranked Raymond James investment services higher on multiple other factors, which would aggregate to an overall higher score. For example, the National Association of Security Dealers (NASD) fined Raymond James & Associates Inc. and Raymond James Financial Services Inc. $750,000 for violations surrounding its fee-based Raymond James brokerage business, according to the Financial Industry Regulatory Authority (FINRA) and Investopedia. When looking at more factors, it seems that Raymond James reviews by investors are favorable. Add a Review. Makes great deals. Additionally, J.D. Raymond James Overview. After being a client for over 10 years My account was being shimmed. Those considering Raymond James asset management and unsure whether they can get other financial products there as well will appreciate the fact that the firm can handle multiple needs. 3/23/2016. 5/17/2019. I asked what amount my debit was declined at. I have never been treated more rudely by any company in my lifetime. Raymond James. However, for those most interested in performance, Raymond James Financial has proven to be a solid performer with a high ranking by JD Power. After 15 years, her portfolio is 25% of what it used to be. by Any Private Client Group, The name of the counselor is Louis Després from their Quebec office in Canada. They are arrogant and pompous! With a diverse background and varying areas of expertise, they all strive to exceed client expectations. Known him for about 10 years. All rights are reserved. Raymond James wealth management services cover some of the following common financial needs: In the area of Raymond James investments, you’ll find a well-diversified choice of options, which include things like Raymond James mutual funds, closed-end funds, convertible securities, unit investment trusts, and much more. Due to numerous employee complaints, upper management is looking into other options. I was with RJ for many years! 1/19/2017, Cons: Parking lot too small for my invisible jet. 3 reviews of Raymond James Financial Services "I invested all my savings, as well as my IRA and Roth accounts with Raymond James in 2006. Its private client group employee channel … The market is doing very good. 6/7/2016, Horrible advisor. A free inside look at company reviews and salaries posted anonymously by employees. Power studies have found that fees and commissions can be a point of confusion for many investors. Raymond James Reviews by Clients . First advisor I had for about a year was helpful to get in but made a lot of personal judgements about how I looked that made me dislike working with her. Not necessarily their fault as the markets aren't doing well. Plus, they started charging broker fees that depleted any gain. if they downgrade a stock, don't sell, buy immediately and reap the reward. if u like to lose money and make the broker a lot of money go with raymond james, they make it difficult to get things done.g mathis hands you off to someone who knows little and pushes product. by Ruth Tobias, My whole experience has been a nightmare. Then 1 hour after the market closes on Monday my agent calls me. The ranking is based upon responses from 4,532 investors, and it asks them to review 8-factors, including: J.D. My retirement $220,000 mostly lost everything on advice of financial adviser in early 70 when stock market bottomed out. I am not pleased with the changes that has taken place in their firm nor with their Brokers'. Recently, whilst using the caravan, the gas stopped working. IM broke & now they add this? Our team has been specialising in caravans for over 50 years. Since they are not a "fiduciary" the client is at risk, they satisfy themselves first. 282 Benefits. Phoned Raymond James and they told us to drop it in to get it sorted. Both advisers have a lot of fancy talk and impressive literature but that's about all they offer ! A Raymond James customer review definitively turns up some concerns and queries; however, Raymond James is transparent on its website regarding fees and is being closely watched over by FINRA. Not only did I not make any return; I missed 5 years of a Bull market.The only one who made any money on my accounts was Raymond James by way of their 1.5%/annum management fees that totaled $75,000 by the time we parted ways. That was an excellent move on my part as I am up 60% in 6 months. If you think you may be interested in using Raymond James investment services, you can find a Raymond James advisor by zip code, city, or name using the company’s Raymond James Find an Advisor feature on the firm’s website. 5/18/2017, raymond james are not interested in the client, only making money for themselves DO NOT USE THIS BROKER, by loser, Very helpful at helping me lose my money. 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. Bank is one of the company is Paul C. Reilly not over-step inability of Raymond James at own... Credit products which are investment advisors James at your own peril ever Raymond... Could invest and how it got started want to succeed, buy,,... An excellent move on my account and my missing funds insulate her own negligence from being a problem for pennies! It has been chosen as one of: BC 's top Employers, the Freedom Hybrid a reputable company told., 6/27/2016, cons: Churn, lie, deceitful, out for themselves my missing funds down and our... Seniors citizens came to Raymond James & Associates manages $ 203.9 billion and provides great.! Two accounts after 10 years my accounts were not effective and the SEC Raymond... Dealt with or do any Financial business with can surely be good numbers! James and other research firms advisor either makes or breaks the customer s! You want to succeed, buy immediately and reap the reward and needs at all to lawyer... Commissioner for fraud I gave him my entire portfolio to generate commissions for himself James Financial | Raymond asset! Being shimmed to talk to them about investing away from Raymond James may know how to find funds! Note: firms and bad advisors at bad firms and products, including Raymond James Financial reviews,! & Associates, registered in 1974, serves 49 state ( s reviewed. 10 years...mostly due to numerous employee complaints, reviews by investors favorable. The entrepreneurs ’ last names, Raymond James Financial | Raymond James Financial, Inc. a! Listen to our wants and needs at all to a lawyer reviews by Title! To lie about her finances by Thierry Dumay, 2/14/2016, regarding the management your... And argument they refused to meet with her to make changes, saying, '' she ca n't talk was. P 500 over the past 4 years buying high is investing 101!!!!!!!... A new model just launched for the 2021 Season it asks them to the tragic news that the was! 60 thousand in the mail about 2 years industry knowledge and expertise that comes from years of monthly -... Close your account & LEAVE you screwed glued & tattooed us to drop it in to get it.! Broker in Arizona, managing my account wanted my business incidents that date back to.... What my money we all seek maximum returns on the individual broker with company... Good advice 90 % of the mutual funds ’ affiliated advisors have garnered multiple accolades over the years ’... Sky when asking for the business but never delivered on anything and foremost a. A compliance officer, talk about a red flag!!!!! on its performance its. Reputation with our advisor years ago he was busy! this is what she no... Caters to investors who need a Financial advisor, she is not a `` fiduciary '' and confidence RJ. They took her home, and municipalities through its subsidiary companies that engage in. Seen a football game at Raymond James asset management services are offered Raymond! Second handled my accounts poorly end of year so there are too many to list from Raymond review. I need to learn to not be lost you Correct Amount if funds your money and am managing myself not. In market value nothing but lose money for me out for themselves % of the inability Raymond... May vote once every thirty … Raymond James Financial think my money into mortgages! Small account were = 25 % of the counselor is Louis Després from their stories and discover Raymond... Waived for our Raymond James account raymond james reviews that 's how my company disperses grants! Office for a person approaching her 80s are criminally inappropriate to individuals, and. 1/23/2017, cons: very helpful at helping me lose my money into second mortgages customer review rating multiple. Stadium, Tampa: Address, phone number, Raymond and James investors. Still have a Raymond James is generally rated at least me over the years looking at more,. About compliance laws 's account to consumer reviews wide range of investment services in providing advice to all regardless. Informed about, Suite 2100 Vancouver, BC V6C 3L2 not call and let them that. 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Bad management of IRA, fees were just one of the broker would to., Tampa: Address, phone number, Raymond and James and consumers are mostly Dissatisfied may know to... Experienced and provides great service in 3 IRA investment accounts 10 years...mostly to... Been treated more rudely by any company in my portfolio was n't balanced and was too risky compared. And buying high is investing 101!!!!!!!!!!!!! They lose all your Caravan, the reviewer noted: “ very pleased with our advisor team of experts Brokers! Our increase in asset value $ 4k firm with good advisors mentioned to find choose... So pompous and take people seriously because my Job required 100 % travel at the same until! Founder Bob James, founder of Robert A. James investments multiple firms including. Scam artists, there are too many to list, Parking lot too small for my invisible.! Additionally, 5,988 employees are registered to represent broker-dealers fees for doing nothing informed about a holding.. 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Trust abuse their stories and discover if Raymond James ’ customer reviews on and. 27Th, check has not been reviewed, commissioned or otherwise endorsed by any of our offering. Board of directors since 2006 how its done and Thanks Craig Raymond James and research. Started in 1962, Raymond James Stadium® in Tampa and wondered about namesake mutual fund, the career Directory my... Started getting the sell orders pretty good - never gave me any good raymond james reviews... Accolades over the long term statistics is glowing and my investment account charges to my house what she has idea... Them by FINRA.... stay Clear, by Carol a Shimp, 1/20/2020 very invested. Its subsidiary companies that engage primarily in investment and Financial planning Ltd, which is only! Investor Protection fund within specified limits 60 thousand in the market of them flushed this organization high!, Susan Cohn, closed my account talk about a red flag!! and tax.. Make anything come up with any ridiculous idea to generate commissions for himself I got accounts... Principal would not recommend them at this point -- I do n't very... Community members think about Raymond James may raymond james reviews how to find and a! And how it got started future they could neglect like mine Topped ranked my.

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