Raymond James has reported that financial advisors affiliated with its Investment Advisors Division (IAD) will be able to access a wide range of attractively priced alternative investments for their clients, effective 1 September 2013.
Bill Van Law, president of Raymond James IAD, said: "I am pleased to inform our registered investment advisors they will now have access to the Raymond James Alternative Investment Group (AIG). The AIG team of 22 experienced professionals carefully review and select what they believe are high-quality, nontraditional investments to serve the more extensive financial needs of higher-net-worth clients.
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"We have been enhancing our RIA platform over the last several months to develop a truly unique value proposition for RIAs – one that provides complete freedom and control with the resources we can provide as a full-service firm. This is one more demonstration of the firm’s significant commitment to growing this division and attracting high-quality RIAs," Law added.
Earlier this year, the firm announced more competitive pricing for equity and ETF trades, access to educational and practice management resources, and most recently the appointment of four regional directors as part of an expanded management team.
Under the new alternative investments program, registered investment advisors will be able to fully leverage the investments and resources available through the Raymond James AIG, which was established in 2001.
The team provides research, marketing, sales and operational support across a variety of nontraditional strategies including:
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By GlobalData- Private equity
- Private real estate
- Multi-manager hedge funds
- Single manager hedge funds
- Managed futures
- Alternative mutual funds
Among earlier enhancements to the firm’s RIA platform was access to a broad array of resources and services including:
- Practice management expertise
- Training and development
- Succession planning and practice acquisition consulting
- Marketing and growth strategies
- RIA-focused regional conferences
- Attendance at the firm’s national conferences, including the highly regarded Women’s Symposium
"We have spent the last 15 to18 months significantly building out the platform for RIAs.
"There really isn’t another firm that provides the depth and breadth of resources and support for RIAs that Raymond James offers – including a fully integrated enterprise technology platform, support for numerous third-party tech tools, banking and trust solutions, award-winning research, and exceptional due diligence. We expect to grow the division significantly over the next few years as we continue to enhance our offering for RIAs and RIA Hybrid advisors," added Van Law.
