Raymond James says some employee advisors looking to retire can now participate in a new succession program, Advisor Emeritus.
Financial advisors who qualify for the program can work as a consultant to the advisor receiving their book of business for up to two years prior to retirement and then receive up to five years of payment post-retirement.
Advisor Emeritus is currently offered to employee advisors within Raymond James & Associates and its Alex. Brown division. It will be available for up to two years for “recognition club” level advisors and one year for other qualifying advisors.
“We continue to hear from advisors and potential recruits that the support Raymond James offers to advisors at all phases of their careers — from successors to retiring advisors — is a differentiator,” according to Tash Elwyn, president and CEO of Raymond James & Associates.