Raymond James is an American brokerage with Canadian operations through Raymond James Ltd. Headquartered in Vancouver. Caters to mid-to-high-net-worth Canadians ($500K-$10M). Independent contractor model — advisors operate as small businesses under RJ's umbrella. Fee structures range from 0.75% on UHNW accounts to 1.4% on smaller managed accounts.
RJ advisors are technically self-employed — they keep 65-90% of fees they generate (vs. 35-45% at banks like RBC Dominion or BMO Nesbitt Burns). This attracts top-producers who want autonomy and a different cost structure. Practically, you get advisor-led service comparable to a private wealth bank at slightly lower fees. Their internal research is solid but not exceptional. Strong in tax-loss harvesting and corporate-class fund structures for incorporated professionals.