It’s industry standard that a BD needs to be able to monitor what their advisors are doing personally. It protects the BD from issues where an advisor is trying to manipulate trading or use inside info, etc.
Any account held outside RJ must be disclosed to supervision for approval.
Answered - Subject Matter Expert (SME) (Current Employee) - Southfield, MI
You can hold outside but the account would have to be under review. After first year they start charging.
Answered - Registered Client Service Associate (Current Employee) - Saint Petersburg, FL
No they don't require it however you cannot have an investment account outside of RJ.
Answered - Operations Specialist (Former Employee) - Southfield, MI
Employees cannot hold accounts outside of RJ without a waiver / review
Answered - Information Technology Specialist (Current Employee) - St. Petersburg, FL
Employees can hold accounts outside of Raymond James, but who would want to do that?
Answered - Office Assistant (Former Employee) - Jacksonville, FL