Attached files
| file | filename |
|---|---|
| 8-K - RJA GRID 8-K PDF - RAYMOND JAMES FINANCIAL INC | a8krjagrid011713pdf.pdf |
| 8-K - 8-K - RAYMOND JAMES FINANCIAL INC | a8-krjagrid011713.htm |
EXHIBIT 99.1
RAYMOND JAMES & ASSOCIATES COMPENSATION GRID
Effective September 23, 2013
Trailing 12 Gross Commission | Payout Percentage | |
— | 200,000 | 20% |
200,000 | 225,000 | 25% |
225,000 | 250,000 | 27% |
250,000 | 300,000 | 32% |
300,000 | 350,000 | 40% |
350,000 | 400,000 | 41% |
400,000 | 500,000 | 42.5% |
500,000 | 600,000 | 44% |
600,000 | 800,000 | 44.5% |
800,000 | 1,000,000 | 45% |
1,000,000 | 1,500,000 | 45.5% |
1,500,000 | 2,500,000 | 46% |
2,500,000 | 3,500,000 | 47% |
3,500,000 | 5,000,000 | 48% |
5,000,000 | 100,000,000 | 50% |
NOTES
• | This payout schedule is applicable only to financial advisors with at least seven years industry service. If industry service is less than seven years and the financial advisor is not a participant in the Raymond James NFA program, their payout will be determined by their divisional director. |
• | Regardless of production level, the following products are paid according to the following schedule: |
▪ | Collar Transactions - 50% |
▪ | Investment Banking Referral Fees - 70% |
• | Raymond James & Associates' standard discounting policy for equity, fixed income and option transactions is as follows: |
▪ | Trades with a gross commission of $100 or more receive full payout; |
▪ | Trades with a gross commission between the client minimum and $100 receive 25% payout; |
▪ | Trades with a gross commission below the client minimum receive no payout. |
▪ | Client minimum applies to Equity, Option and Fixed Income products. The minimum is currently $75 for Equities and Fixed Income products and $60 for Options. |
• | No transaction charges are deducted from gross commission prior to determining payout. Payouts are calculated at the above percentages. Production levels are computed on a trailing-12-months basis, adjusted quarterly the month following the end of each fiscal quarter. While there is no retroactive adjustment, the entire payout is adjusted prospectively, which is different from many firms who pay on an incremental basis when changing brackets. To compare total commission compensation with that of other firms, the payout schedule should be considered in conjunction with the fact that the gross commission credit on investment products includes all selling concessions, that substantial deferred commission bonuses are accrued and that there are no transaction charges deducted. |
©2013 Raymond James & Associates, Inc., member New York Stock Exchange/SIPC