In addition, we have outside resources we utilize to research and perform market analysis. Being an independent practice helps give us the flexibility to go wherever we need to provide the highest quality asset management firm we need to use.
Unique challenges require distinctive support. We’re here to provide objective advice for all aspects of institutional consulting – from strategy development and investment research to reporting and periodic reviews. We understand the importance of our clients meeting their investment stewardship obligations. No matter your needs, we can work with you to develop a consulting solution tailored to the needs of your organization.
Estate planning is essential for distributing your wealth in life and after death. It allows you to preserve your family values and ensure that your assets benefit the people and charitable causes in accordance with your wishes. Estate planning provides certainty and control over all you’ve worked for and accumulated during your lifetime.
The culture of Raymond James embraces estate planning as an essential component of a comprehensive financial plan and the foundation of financial planning. When stock brokerages solely focused on selling stocks during the 1960s, founder Bob James made sure his clients understood the importance of preserving their wealth, assets and investments for their loved ones.
A trust is a legal entity to facilitate wealth transfer and preservation. It is a legal agreement between two parties, the person who creates the trust and the trustee (the person, institution or independent trust company responsible for administering the trust.) The trustee manages the assets placed in the trust for the benefit of a third party, the beneficiary. Typically, trusts are drafted by attorneys.
Unlike wills, trusts are not subject to probate and therefore enable you to keep your affairs private and minimize settlement costs and estate taxes.
Trusts are ideal for all asset levels and offer a number of benefits. You can control what happens to your estate, regardless of its size; possibly reduce estate taxes; and potentially avoid complications in probate, a lengthy and expensive process that can take six months to two years or longer.
But saving on taxes isn’t the only reason for trusts. Some families want to plan for long-term care or education for their children or grandchildren. Others want to provide for a favorite charity. One thing is certain, if a trust is needed, the time to plan for it is now.
When you open an account, we will ask for your name, physical address, date of birth, taxpayer identification number, and other information that will allow us to identify you. We may also ask to see your driver’s license or other identifying documents. We will let you know if additional information is required.
To help the government fight the funding of terrorism and money laundering activities, the USA Patriot Act requires all financial institutions to obtain, verify, and record information that identifies each person (including business entities) who opens an account.
Today, Raymond James financial advisors continue to embrace this philosophy, encouraging our clients to focus on long-term investing and develop diversified portfolios. Our objective was – and still is – to help people plan for life.
Remaining sensitive to the changing needs of our clients, we keep a watchful eye on today’s complex financial marketplace. And we offer a comprehensive selection of investment alternatives to help meet clients’ evolving needs. Raymond James is also a leader in providing fee-based alternatives to traditional commission transactions, with experience in fee-based planning since the late 1960s.*
Yet, with all of its innovation, Raymond James’ founding premise remains unchanged. That’s why we are dedicated to providing clients with complete financial planning services and personalized, professional assistance. Simply put, we believe our business is people and their financial well-being … and we are committed to our clients’ success.
In life, we pass through several phases, each with different financial requirements. For example, the financial needs of a young married couple are not the same as those of a retired couple. That is why continuous, long-term planning is essential. Typically, there are three basic financial steps most people take in life. They include:
The building of a solid, diversified financial foundation from which to expand over time. During this phase, allocation of money for a home, investments, life insurance and educational expenses is coordinated with tax planning strategies to ensure that current and future income is utilized effectively.
The inclusion of a variety of investment strategies and further diversification, designed to preserve and invest assets to help ensure adequate funds for current living expenses and future retirement needs.
The proper allocation of assets to heirs. Good estate planning should provide for the orderly transfer of assets while avoiding unnecessary tax burdens.
In addition to the complexities and changing priorities that occur over a lifetime, a financial plan also is affected by fluctuating economic conditions, taxes and inheritance laws. We have the expertise to thoughtfully design a plan with your circumstances in mind, helping you develop a long-term financial strategy for your individual needs.
As financial advisors with Raymond James, we possess the necessary tools to guide you through every step of the financial planning process, including:
Confidentiality is a top priority in our client relationships. We appreciate the trust our clients place in us and never take that trust for granted. Naturally, any business we conduct is held in strict confidence – just as you would expect from your physician, attorney or any other professional.
We provide objective information and unbiased guidance. Because we are not required to sell specific products, we have the freedom to help you select the investments that are right for you.
Sound investment decisions are based on facts and careful research, not emotions. However, we know it’s not always easy to make sensible choices, especially in a fluctuating market. We can help you employ disciplined, long-term strategies that help hedge against short-term market swings. Together, we’ll establish reasonable investment goals – and stick to them.
The decision to begin the financial planning process should not be taken lightly, nor should it be put off. The earlier your plan begins, the greater the potential for rewards.
Raymond James has always been a leader in financial planning services. As financial advisors within the firm, we remain committed to its ideals – unwavering integrity, innovation, quality and, above all, outstanding client service.
* In a fee-based account clients pay a quarterly fee, based on the level of assets in the account, for the services of a financial advisor as part of an advisory relationship. In deciding to pay a fee rather than commissions, clients should understand that the fee may be higher than a commission alternative during periods of lower trading. Advisory fees are in addition to the internal expenses charged by mutual funds and other investment company securities. To the extent that clients intend to hold these securities, the internal expenses should be included when evaluating the costs of a fee-based account. Clients should periodically re-evaluate whether the use of an asset-based fee continues to be appropriate in servicing their needs. A list of additional considerations, as well as the fee schedule, is available in the firm’s Form ADV Part II as well as the client agreement.
Use these resources and tools to learn more about the risks and concerns you’ll face – as well as the opportunities – as you make your retirement plans. Simply click on the button below that best represents where you are in your retirement planning process and follow the steps.
Your income sources
Your assets and anticipated expenses
The rate at which you’ll be able to spend in retirement
Paring non-essential spending
Reallocating your investment assets
Reevaluate your retirement priorities and discuss tradeoffs
Chances are you should reevaluate your retirement plan. Your financial circumstances, personal situation or retirement goals may have changed since the last time you reviewed your plan. Market turbulence may also have adversely affected your portfolio, making a fresh look important.
There is no assurance that any investment strategy will be successful. Investing involves risk and investors may incur a profit or a loss. Past performance is not indicative of future results.
It’s very important to ensure that your assets are on target to generate the income you’ll need to cover your expenses and achieve your goals in retirement.
Once you’ve retired, managing your money is more important than ever. During your retirement years, your personal goals and situation — as well as the economic environment — are likely to shift. These changes require careful scrutiny, perhaps resulting in adjustments related to your goals, your portfolio or both. The video below can assist in visualizing how your income sources and retirement assets fund your needs and wants in retirement.
We can work with you to regularly review and reassess your portfolio to give you confidence that your portfolio is appropriately balanced between growth-oriented investments and income-focused assets.
We have the knowledge, understanding and experience to evaluate your present plan and help you decide which plan is the best fit for your executives.
We recognize that executives are busy professionals who may not have the time to actively manage all aspects of their financial lives. They need experienced advisors who will have their best interests to provide comprehensive wealth management tailored to their assessed risk tolerance and personal goals. These needs can encompass 401(k) planning, non-qualified plans, stock options, and ESOP plans.
Through our experience acting as a fiduciary and investment advisor to retirement plans, we can apply this knowledge to your investment needs that are currently not being met. Our unbiased vendor approach affords us the access to top investment managers that we partner with to provide you the solutions you deserve.
Raymond James is a full-service investment bank with national as well as international capabilities. Comprised of more than 500 capital markets professionals, Raymond James is one of the most highly regarded middle-market equity offering and advisory practices in investment banking today.
During the past five years, we have completed more than 450 managed offerings raising nearly $100 billion in capital for corporate issuers. During that same period, we executed over 130 M&A transactions, including both buy-side and sell-side assignments, with total transaction values exceeding $20 billion.
As a Raymond James client, you have access to the services offered by our investment banking department. To learn more about Raymond James Investment Banking, please contact me and I will put you in touch with the appropriate team.
Financial planning is just as much about where you are today as it is about where you want to be tomorrow. That’s why we offer you a complete suite of cash management tools and borrowing options that give you the power to manage your day-to-day finances without disrupting your long-term financial plan.
You can enjoy all the features and convenience of a national bank with the personal service of someone you trust and who truly understands you and your financial goals.
It’s like having your bank and your investment firm in one place. In fact, that’s exactly what it is.
Executives may own large concentrations in their employer’s stock. This concentration can come in the form of shares of stock, options, restricted stock, SARs and shares in qualified plans. Executives also need to consider their reliance on the company for non-stock-related factors including cash compensation, healthcare benefits and retirement packages. If something were to happen to an executive’s employer that severely impacted its ability to perform over the long run, it could have a devastating effect on the executive’s personal financial situation.
There are a variety of solutions available to address a concentration in a single stock. Every client’s situation is unique, so our team works to first identify the client’s objectives. After understanding the company’s trading policy, we offer recommendations of any possible strategies that can help accomplish the client’s goals.
In addition to cash compensation executives are often compensated through stock ownership. This can come in several forms, including stock options, restricted stock, and stock appreciation rights (SARs).
Stock options offer executives the ability to purchase company shares at a predetermined strike price no later than a defined expiration date. They typically have vesting periods that prohibit exercise prior to a specific date. Stock options come in two forms: non-qualified and incentive.
Non-qualified stock options are taxable as compensation to an executive upon exercise. Incentive stock options can offer favorable tax treatment if certain conditions are met. However, they also create alternative minimum tax implications for some individuals.
There are many factors that go into stock option planning. Our team focuses on a comprehensive approach that analyzes the relative valuation of each option grant, the tax ramifications of an exercise and the client’s overall exposure to the company. Additionally, catalysts such as an approaching expiration or unexpected liquidity need can also warrant exercise. If a decision is reached to exercise, our team can also assist in evaluating methods to pay for the exercise (i.e., cash payment vs. cashless alternatives).
Companies can compensate employees by granting restricted stock. These shares have vesting schedules which prohibit the sale of the stock until the vesting date. Upon vesting, the shares are taxed as compensation at the prevailing market price. The executive must pay for the tax withholding, including federal, state and any applicable local taxes, either through cash or a sale of some of the restricted shares (cashless exercise).
Companies can also issue stock appreciation rights, which act like restricted stock, but are often settled in cash instead of shares. These provide the employee with the same economic benefit as restricted stock, without the company actually issuing shares. This can also be referred to as a phantom stock plan.
Our team is available to help plan for future restricted stock vesting dates and to analyze the possibility of making an 83(b) election within the first 30 days of receiving a new grant. This technique can be useful for executives expecting significant price appreciation in their company’s stock. Electing 83(b) requires the employee to pay taxes upon grant of the restricted stock and converts any appreciation between the grant date and vesting date into a capital gain.