Raymond James has launched a new employment model for its wealth managers in the UK.
The firm said its new ‘employee affiliation model', one of four existing models available to the firm's UK managers, would allow staff to join the firm as full-time employees while retaining autonomy over their investments and clients. It said the model would also allow managers to take clients with them in the event they leave the company. Raymond James head of business development Anthony Scott (pictured, right) said: "Wealth managers employed under the Raymond James employee affiliation model will join us on an employed basis, receiving a salary, bonus, and other traditional emplo...
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