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Raymond James took a commission on these transactions in excess of 5 percent of the principal value, sometimes taking as much as 90 percent of the customer's transaction amount. Raymond James's supervisory systems failed to detect the automatic commission amount that resulted in overcharges to some of its customers.

Raymond James took a commission on these transactions in excess of 5 percent of the principal value, sometimes taking as much as 90 percent of the customer's transaction amount. Raymond James's supervisory systems failed to detect the automatic commission amount that resulted in overcharges to some of its customers.

Accounts held at Raymond James Bank (RJBank) are insured by the Federal Deposit Insurance Corporation (FDIC), an independent agency of the United States government, for up to $250,000 per depositor. The coverage limit refers to the total of all deposits that an account holder(s) has at each FDIC-insured bank.

Additional information regarding Raymond James fee-based accounts is contained within the Form ADV and can be found here. Commission: In a brokerage account, you will pay a commission/sales charge of up to 3.5% of the principal amount of the trade when you buy a structured investment.

While 1.5% is on the higher end for financial advisor services, if that's what it takes to get the returns you want then it's not overpaying, so to speak.

Over the past five years, Raymond James charged unreasonable commissions on over 270,000 equity transactions and trades, resulting in its customers paying $8.25 million more than they should have, the North American Securities Administrators Association said.

The Quality Grade Winner: Raymond James Financial Inc As you can clearly see from the Quality Grade breakdown above, Raymond James Financial Inc has a better overall quality grade than Charles Schwab Corp.

The Quality Grade Winner: Raymond James Financial Inc As you can clearly see from the Quality Grade breakdown above, Raymond James Financial Inc has a better overall quality grade than Charles Schwab Corp.