Dear Clients and Friends:
The Securities and Exchange Commission (SEC) recently adopted new regulations, including Regulation Best Interest, which we believe aligns well with our longstanding core value of putting clients first.
Effective June 30, 2020, all broker-dealers and investment advisers must provide clients with important disclosures to help with their investment decisions. In the coming months, you will receive a disclosure package from Raymond James that includes two new disclosures:
Form CRS (Client Relationship Summary) – A two- to four-page document that describes accounts and services available as well as fees, charges and potential conflicts of interest associated with certain account types.
Important Client Information – An approximately 75-page booklet that provides additional details about the topics addressed in Form CRS, as well as further information regarding available investment products and services.
When you receive the package, we suggest you read the new disclosures. While no action is needed, we wanted to make sure you knew what to expect.
In the future, you may receive the Form CRS again on some occasions based on certain investment activities such as opening another account. The SEC wants to ensure investors are aware of available account choices as they are making decisions. By June, these disclosures will also be available on raymondjames.com/legal-disclosures.
How will I receive the upcoming mailing?
You will receive the disclosure package via traditional mail or electronically based on your document delivery preferences at the end of April. The magnitude of the client mailing required a longer production timeline for printing and mailing.
How can I update my delivery preferences for future mailings?
If you wish to receive future disclosure mailings, statements and other correspondence from Raymond James electronically, we encourage you to consider updating your preferences in raymondjames.com/ClientAccess via Account Services > Client Tools.
If you haven’t yet signed up for Client Access, now is a good time to do so given the limited physical contact during these unprecedented times. This secure, convenient online account access system complements the services we provide, offering instant availability of your financial information wherever you are in addition to the convenience of receiving statements and other communications electronically.
Please feel free to contact us with any questions.
Sincerely,
Matt Goodrich Larry Goodrich, CFP ®
President, Goodrich & Associates, LLC Vice President, Goodrich & Associates, LLC
Branch Manager, RJFS Co-Branch Manager, RJFS
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