09.15.26

RayJay Adds Simple IRA Advisory Program

by: Sam Del Rowe

Raymond James has launched a SIMPLE IRA advisory program for small businesses with up to 100 employees The SIMPLE IRA Employer Advisory & Consulting Services Program provides investment advice and consulting to plan sponsors, including reviewing investment options, recommending additions or changes to plan menus, monitoring investment performance and preparing reports. The program offers access to Capital Group’s American Funds mutual funds. Fees are charged quarterly either as a fixed amount or as a percentage of assets under advisement, with negotiable fees generally capped at the quarterly equivalent of a 1% annual rate. Advisors can separately charge for services such as participant education and recordkeeper evaluations. Raymond James said the program is designed to expand choice and flexibility for advisors and clients and is available firm-wide. The launch follows the firm’s broader effort to expand workplace wealth services for business owners.

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