Raymond James ends commissions for product sales


One of the longest-running controversies in the brokerage business concerns the often-hefty commissions that brokers gain when they sell certain products. Too often in the past, these payouts were not disclosed to end customers, who really truly thought brokers was pushing the product because they thought it was the right thing to do. Raymond James has joined others in moving away from this product-specific model in favor of a total commissions model. Article