When it comes to investing your hard-earned money, it`s important to work with a trusted financial advisor. And if you`re considering working with Raymond James, one thing you`ll want to familiarize yourself with is the Raymond James Investment Management Agreement.
The Investment Management Agreement (IMA) is the document that outlines the terms and conditions of your relationship with Raymond James as your investment manager. It covers things like the scope of services that Raymond James will provide, how fees will be charged, and how investment decisions will be made.
At a high level, here`s what you need to know about the Raymond James Investment Management Agreement:
1. Services Provided: The IMA will outline the specific services that Raymond James will provide as your investment manager. This can include things like portfolio management, investment research, and asset allocation.
2. Fees Charged: The IMA will also outline the fees that you`ll be charged for these investment services. Fees can vary depending on the types of investments you hold, the amount of assets you have under management, and the specific services provided.
3. Investment Decisions: The IMA will detail how investment decisions will be made on your behalf. Typically, Raymond James will make investment decisions based on your investment objectives, risk tolerance, and other personal factors.
4. Termination: Lastly, the IMA will outline the circumstances under which the agreement can be terminated. This can include things like a breach of contract or if either party decides to terminate the relationship.
As with any legal agreement, it`s important to read the Investment Management Agreement carefully and ask your financial advisor any questions you may have. This will help ensure that you fully understand the terms of the agreement and are comfortable with the services provided by Raymond James.
When it comes to your finances, it pays to be diligent and informed. By understanding the Raymond James Investment Management Agreement, you can make informed decisions about your investments and work towards achieving your financial goals with confidence.