Raymond James will continue to allow commissions for IRAs under DOL fiduciary rule
Firm anticipates expenses could go up $28M in next fiscal year, in large part because of costs connected with the fiduciary regulation. (More: A comprehensive, searchable database of advisers' fiduciary FAQs)
Raymond James Financial Inc. on Thursday said it would continue to allow advisers to collect commissions for IRAs after the Department of Labor's fiduciary rule takes effect next year.
During an earnings call, CEO Paul Reilly said that the firm expected to continue to pay its 7,146 advisers both fe
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