Raymond James enhances Independence Plus offering, providing tailored service to newly independent advisors
Dedicated consultants help transitioning business owners to establish, run and grow their businesses
ST. PETERSBURG, Fla. – Raymond James today announced enhancements to its Independence Plus offering, a suite of services to support advisors transitioning to the firm’s independent advisor channel. Led by Steve Voss, CPA and vice president of Independent Business Consulting, for over a decade Independence Plus has offered advisors the support of an experienced team of consultants to provide professional counsel and tailored service on their path to independence.
“Today, Raymond James delivers a highly personalized model supporting all transitioning advisors, from solo owners to large enterprise teams, designed to instill confidence throughout the journey to business ownership,” said Shannon Reid, president, Independent Contractor Division. “These enhancements include significant investments in our team of experienced consultants and benefits partners to meet rising demand and provide our comprehensive transition process to more advisors.”
Unique to Raymond James, Independence Plus services are available to all new independent offices, regardless of size, and are offered a la carte. This gives advisors the freedom to build a custom plan with the tools they need to be successful, without the cost of unneeded services, as well as the opportunity to use third-party suppliers of their choice with scalable solutions to suit their business needs.
Independent advisors can now access turnkey employee benefits from a well-established, large provider partner for themselves and their teams to create a robust benefits package and competitive HR offering. This is one of several vetted partners in the suite of services available through Raymond James Independence Plus.
Independence Plus offerings include:
- Entity structure and taxation guidance
- Team structure and ownership consultation
- Flow-of-funds consultation
- Real estate market search and negotiation
- Expert lease review
- Furniture design and space planning
- Turnkey human resources and payroll benefit solutions
- Business owner insurance solutions
- Advisor and staff compensation consultation
- Profit and loss benchmarking and guidance
Since the program’s inception, the Independence Plus team has assisted more than 450 advisory offices on their path to business ownership.
“Through Independence Plus, we eliminate the most challenging elements of establishing an independent business and empower advisors to focus on what’s most important – serving their clients. We are confident that with this launch of enhanced customized and comprehensive solutions, Raymond James will continue to lead the industry in attracting future business owners,” said Voss.
Raymond James Independence Plus benefits are in addition to unlimited access to the firm’s infrastructure of services, which are available to every Raymond James financial advisor. This includes comprehensive wealth management resources, a robust, integrated technology platform, strategic and creative marketing support and succession planning consultative services.
About Raymond James Financial Services
Raymond James Financial Services, Inc. (RJFS), member FINRA/SIPC, is a financial services firm supporting independent financial advisors nationwide. Since 1974, RJFS provides a wide range of investment and wealth planning-related services through its affiliate, Raymond James & Associates, Inc., member New York Stock Exchange/SIPC. Both firms are wholly owned subsidiaries of Raymond James Financial, Inc. (NYSE-RJF), one of the nation’s premier diversified financial services companies with approximately 8,700 financial advisors throughout the United States, Canada and overseas. Total client assets are approximately $1.37 trillion as of Dec. 31, 2023. Additional information is available at raymondjames.com.