If you’re considering an investment advisor, you’ll want to compare the fees and services offered by Raymond James and Edward Jones. Both of these financial firms have been around for decades and have earned a reputation for providing quality services to their clients. But which one is the better choice for you? Let’s take a look at Raymond James vs Edward Jones fees and services to find out.

Initial Fees at Raymond James and Edward Jones

When you open an account with either Raymond James or Edward Jones, you’ll be charged an initial fee. At Raymond James, this fee is usually around $150. At Edward Jones, it’s usually a bit higher, around $250. However, both firms offer discounts to their customers, so it’s worth asking about these discounts. You may be able to get a lower initial fee if you sign up for an account with either of these two financial firms.

Annual Fees at Raymond James and Edward Jones

In addition to the initial fee, you’ll also be charged an annual fee at both Raymond James and Edward Jones. At Raymond James, this fee is typically around 1% of your account balance. At Edward Jones, it’s usually a bit higher, around 1.25%. As with the initial fee, both firms offer discounts to their customers, so it’s worth asking about these discounts.

Transaction Fees at Raymond James and Edward Jones

When you buy or sell investments through Raymond James or Edward Jones, you’ll be charged a transaction fee. At Raymond James, this fee is usually around $9.95 per transaction. At Edward Jones, it’s usually a bit higher, around $14.95 per transaction. However, both firms offer discounts to their customers, so it’s worth asking about these discounts.

Advisory Fees at Raymond James and Edward Jones

If you use the services of a financial advisor at either Raymond James or Edward Jones, you’ll be charged an advisory fee. At Raymond James, this fee is typically based on a percentage of your assets, ranging from 0.5% to 1%. At Edward Jones, it’s usually a bit higher, ranging from 0.75% to 1.25%. As with the other fees, both firms offer discounts to their customers, so it’s worth asking about these discounts.

Research Fees at Raymond James and Edward Jones

If you use the research services of a financial advisor at either Raymond James or Edward Jones, you’ll be charged a research fee. At Raymond James, this fee is usually around $25 per research request. At Edward Jones, it’s usually a bit higher, around $50 per research request. However, both firms offer discounts to their customers, so it’s worth asking about these discounts.

Other Fees at Raymond James and Edward Jones

In addition to the fees listed above, Raymond James and Edward Jones also charge various other fees. These fees can include account transfer fees, account closure fees, and other miscellaneous fees. It’s important to ask about these fees before you open an account with either of these two financial firms.

Conclusion

When it comes to Raymond James vs Edward Jones fees, there are some differences. However, both firms offer discounts to their customers, so it’s worth asking about these discounts. It’s also important to ask about any other fees that may be applicable to your account. By doing your research and asking the right questions, you can make the best decision for your financial goals.