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Raymond James to Keep Broker Comp the Same for 2022  

Raymond James will keep compensation the same in 2022 for the approximately 3,400 brokers it oversees, according to two sources. So reports Advisor Hub.

arrows 151635 1280It will mark the fourth consecutive year comp remains unchanged. Because the company’s 2022 fiscal year starts on October 1, it is one of the first firms to announce compensation for the upcoming year.

“Raymond James pays its employee brokers between 28% to 50% of the fees and commissions generated from customers according to a sliding scale based on production,” according to the outlet.

Andy Tasnady, a compensation consultant told Advisor Hub that the expectation this year is that firms will only make tweaks on the margins when it comes to comp.

Read the full article from Advisor Hub.

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