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Article: A Cheaper Annuity: Is Raymond James's new cap on fees the start of a trend in variable annuities?(Raymond James Financial Inc.)
- Article from:
- Financial Planning
- Article date:
- July 1, 2006
- Author:
CopyrightCOPYRIGHT 2006 SourceMedia, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Raymond James Financial took a bold step this spring by announcing that the firm would discontinue business with annuity providers that refused to lower their fees and make them more transparent, without losing the benefits that appeal to consumers. The new annuities are slated to come out next month.
The St. Petersburg, Fla., firm told its 22 annuity providers to limit customer fees to no more than 115 basis points, or 1.15%, throughout the product, including the commission. Buyers can add riders, such as a guaranteed minimum withdrawal benefit, for an additional fee to be determined by the insurer. Raymond James is also requiring that the annuity providers do a ...
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Article: Raymond James Financial Honored with "Best ...
Business Wire;
October 25, 2007 ;
700+ words
... ... Recovery" Category OCEANPORT, N.J. -- Raymond James Financial, Inc. (NYSE:RJF), a CommVault ... the United States. (cvlt-co) About Raymond James Financial Raymond James Financial (NYSE-RJF) is a Florida-based diversified ...
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