Chairman's Council, President's & Leaders Clubs
Raymond James’ Chairman's Council, President's Club and Leaders Club follow a point system for annual qualification. Points are accumulated as follows:
RJA PCG Recognition Level Qualification Point System
Each $ of Production = |
1 point |
Each $ Million of assets under management (AUM) = |
2,000 points |
Competency points are granted for designations such as CFP®, CFA, CIMA and MBA, or can be awarded by attending specific professional educational sessions offered by Raymond James. |
for FY 2015 up to maximum |
For example, an advisor who has $1,500,000 of annual production, has $150 million AUM and has earned his CFP designation would be awarded 1,950,000 points and would qualify for the FY2015 Chairman’s Council I:
$1,500,000 in production |
1,500,000 points |
$150 million AUM |
300,000 points |
Certified Financial Planner™ |
150,000 points |
Total points |
1,950,000 points |
Benefit Summaries:
Chairman’s Council
FY2014 Benefits:
- Chairman’s Council qualifiers for FY14 are invited to the 2015 Chairman’s Council recognition trip to Ontario, Canada (June 14-20, 2015) with stays at both The Rosseau in Muskoka and The Four Seasons in Toronto.
- Chairman’s Council members are invited to the Summer Development Conference, July 7-12, 2015.
- RJF Restricted Stock Unit awards will price as of November 20, 2014, for those who qualified for retention during FY14.
- RJF Stock Options (based on the award levels below) will also price as of November 20, 2014, for those who qualified during FY14.
- The credit for state registration fees will be $900 for those who qualified in FY14.
FY2015 Qualification Levels:
- Minimum points required in FY15 to qualify for Chairman’s Council are 1,850,000.
- Chairman's Council qualifiers are eligible for a retention bonus at the end of FY15, provided no outstanding note is in effect. The sales title of Managing Director may be added to your Senior or First Vice President, Investments titling as a member of the Chairman’s Council. Points will determine eligibility with FY15 production used to calculate the bonus award. Retention bonuses are awarded as follows:
Chairman’s Council I: |
1,850,000 – 2,349,999 points |
18.75% of T12 production |
Chairman’s Council II: |
2,350,000 – 2,999,999 points |
25.00% of T12 production |
Chairman’s Council III: |
3,000,000 – 3,899,999 points |
30.00% of T12 production |
Chairman’s Council IV: |
3,900,000+ points |
35.00% of T12 production |
- All awards will be in RJF RSUs with five-year cliff vesting. As in the past, optional “step-ups” will be continued as long as the program exists.
- RJF Stock options awards as follows:
Chairman’s Council I: |
1,850,000 – 2,349,999 points |
1,000 options |
Chairman’s Council II: |
2,350,000 – 2,999,999 points |
1,200 options |
Chairman’s Council III: |
3,000,000 – 3,899,999 points |
1,500 options |
Chairman’s Council IV: |
3,900,000+ points |
1,800 options |
- Long Term Incentive Plan (LTIP) contributions awarded as follows:
Chairman’s Council I: |
1,850,000 – 2,349,999 points |
3.00% of T12 |
Chairman’s Council II: |
2,350,000 – 2,999,999 points |
3.50% of T12 |
Chairman’s Council III: |
3,000,000 – 3,899,999 points |
4.00% of T12 |
Chairman’s Council IV: |
3,900,000+ points |
4.50% of T12 |
President’s Club
FY2014 Benefits:
- President’s Club qualifiers for FY14 are invited to the 2015 President’s Club recognition trip at The Cove Atlantis, Paradise Island, Bahamas, April 29 - May 3, 2015.
- President’s Club members are invited to the Summer Development Conference, July 7-12, 2015.
- RJF Restricted Stock (RSU) awards will price as of November 20, 2014, for those who qualified for retention during FY14.
- The credit for state registration fees will be $600 for those who qualified during FY14.
FY2015 Qualification Levels:
- Minimum points required in FY15 to qualify for President’s Club are 1,300,000.
- President’s Club qualifiers are eligible for a retention bonus at the end of FY15, provided no outstanding note is in effect. Points will determine eligibility with FY15 production used to calculate the bonus award. Retention bonuses are awarded as follows:
President’s Club I: |
1,300,000 – 1,549,999 points |
12.50% of T12 production |
President’s Club II: |
1,550,000 – 1,849,999 points |
15.00% of T12 production |
- All awards will be in RJF RSUs with five-year cliff vesting. As in the past, optional “step-ups” will be continued as long as the program exists.
- The Long Term Incentive Plan (LTIP) for FY15 qualifiers is 2.30% for President's Club I and 2.60% for President’s Club II.
Leaders Club
FY2014 Benefits:
- Leaders Club qualifiers for FY14 are invited to the 2015 Summer Development Conference, July 7-12, 2015.
- Advisors who earned Leaders Club in FY14 (or will earn it in FY15 or future years) and have 20 years or more in length of service at Raymond James will be awarded the title of Senior Vice President, Investments in recognition of your prolonged contributions to the firm.
- RJF Restricted Stock Unit (RSU) awards will price as of November 20, 2014, for those who qualified for retention during FY14.
- The credit for state registration fees will be $400 for those who qualified during FY14.
FY2015 Qualification Levels:
- Points required in FY15 to qualify for Leaders Club are 975,000.
- Leaders Club qualifiers are eligible for a retention bonus at the end of FY15, provided no outstanding note is in effect. Leaders Club qualifiers are eligible to receive a retention bonus of 10% of T12 production, and awards will be in RJF RSUs with five-year cliff vesting.
Certified Financial Planner Board of Standards Inc. owns the certification marks CFP®, Certified Financial Planner™, CFP® (with plaque design) and CFP® (with flame design) in the U.S., which it awards to individuals who successfully complete CFP Board’s initial and ongoing certification requirements.
