Raymond James Account Types

Raymond James offers a variety of account types tailored to meet the diverse needs of its clients. The main categories include:

• Brokerage Accounts: These accounts allow clients to buy and sell securities, with options for cash or margin accounts. Clients can execute trades directly or through a financial advisor.
• Investment-Advisory Accounts: These managed accounts come in discretionary and non-discretionary formats. Discretionary accounts allow Raymond James to make investment decisions on behalf of the client, while non-discretionary accounts require client approval for each transaction.
• Tax-Sheltered Accounts: Raymond James provides several tax-advantaged accounts, including Individual Retirement Accounts (IRAs), 529 plans, custodial accounts, and various types of trusts.
• Specialty Accounts: These include guardianship and conservatorship accounts, institutional accounts, corporate accounts, and accounts for nonprofits.
• Bank Accounts: Raymond James also offers FDIC-insured banking services, including savings and money market accounts, as well as certificates of deposit (CDs).

Each account type has different fee structures and minimum investment requirements, ranging from as low as $5,000 for certain model portfolios to $2 million for more comprehensive investment programs.

Raymond James Broker Account Opening Process

To open a brokerage account with Raymond James, follow these steps:

• Choose an Account Type: Determine which type of account aligns with your financial goals and investment strategy, whether it's a brokerage account or an investment-advisory account.
• Find an Advisor: Use the Raymond James website to locate a financial advisor in your area. This advisor will guide you through the account setup process.
• Complete the Application: Fill out the necessary application forms, which typically require personal information, financial background, and investment objectives.
• Fund Your Account: Deposit the required minimum amount to activate your account. The minimum varies by account type, with some accounts having no minimums while others may require substantial initial investments.
• Review and Start Investing: After your account is funded, you can begin discussing your investment strategy with your advisor and start trading.

For more details, visit the official Raymond James website: Raymond James