Raymond James & Associates offers wrap fee programs where you pay a single asset-based fee for both advisory and brokerage services. This fee includes compensation to RJA for execution, clearing, custodial, administrative, and advisory services, as well as compensation to your financial advisor and any investment adviser providing investment advisory services. Securities transactions are generally effected "net" (i.e., without commission). Refer to the "Additional Expenses" section and the "Standard Fee Schedules for AMS Managed and IAR Managed Programs and Dual Contract Platform" section for details on fees and additional expenses.