Raymond James has launched new business model for UK wealth managers, allowing them for the first time to join the company as employees, while retaining autonomy over investment decisions, client generation and advice.
The firm has run an independent branch business model for 20 years, which included the same freedoms as the new launch, but wealth managers can now also choose to benefit from the "security and support" that employment affords. Charteris Treasury announces hires to lead push into 'underserved' northwest Raymond James' news Employee Affiliation Model, which also allows wealth managers to take clients with them should they choose to leave, has been available in the firm's US business for 60 years. The firm also offers an Independent Contracting model and a Professional Partner mo...
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