Raymond James has announced a new bundled pricing model with a flat rate platform charge of 0.33 per cent.
The charge includes fund and share trades, account maintenance, and up to four free client valuations a year. It does not include Raymond James’ capital gains tax service including an annual report, which costs £125 plus VAT per account per year.
The bundled model, announced at Raymond James’ annual conference today, will sit alongside the platform’s “semi-bundled” model at 0.25 per cent, and the platform’s unbundled model at 0.15 per cent.
Raymond James chief executive Peter Moores says: “Our new bundled charging model has been tested and received well – it fills the gap in our charging structure and enables wealth managers to segment their client base and manage portfolios for high net worth and smaller investors through the one platform.”