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Report: Raymond James drops fees for some advisors

October 22, 2019 - Some independent advisors in Raymond James' Investment Advisors Division will now have fee-free trades on stocks, exchange-traded funds and options, according to a report by CNBC. The move, announced at a conference in Bonita Springs, is aimed exclusively at professional advisors, where there are no direct trades by individual clients, the report said. The change will help advisors compete as firms like Charles Schwab, Fidelity and TD Ameritrade move to zero commission trades, CNBC said. Raymond James (NYSE: RJF), a financial services firm headquartered in St. Petersburg, declined comment, citing a quiet period before it reports earnings tomorrow.

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