Raymond James Bank Deposit Program

                    Raymond James offers a multibank sweep program that:

                    • Provides Federal Deposit Insurance Corporation (FDIC) insurance coverage
                    • Offers competitive interest rates.

                    With this program, available cash in your brokerage account is deposited into interest-bearing deposit accounts at one or more banks, as described in the "Bank Priority Lists" section below.

                    For accounts that elect the Raymond James Bank deposit program (RJBDP), and for all custodial retirement accounts, excess funds will be directed to a designated "excess bank" without limit and without regard to maximum-available FDIC coverage.

                    To maximize insurance coverage, eligible clients can choose the Raymond James Bank deposit program with Client Interest Program (RJBDP with CIP) to provide additional insurance coverage on cash balances that exceed available FDIC coverage. Excess cash from the bank deposit program will be directed to CIP, providing Securities Investor Protection Corporation (SIPC) and excess SIPC coverage.

                    Interest rates will remain the same between the bank deposit program and CIP, and as always, funds are immediately available for withdrawal or reinvestment.

                    Bank priority lists

                    There have recently been some changes to the bank priority lists.

                    Bank Change made Effective Date
                    Truist Bank (changed name from SunTrust Bank) Bank name change December 7, 2019
                    Banc of California Bank removed November 15, 2019
                    BBVA USA (changed name from Compass Bank) Bank name change June 20, 2019
                    Florida Community Bank Bank removed May 31, 2019
                    Origin Bank Bank removed May 31, 2019
                    Pinnacle Bank Bank removed May 31, 2019
                    Umpqua Bank Bank added May 13, 2019
                    Landmark Community Bank Bank added May 13, 2019
                    NexBank Bank added March 1, 2019
                    Fulton Bank Bank added January 16, 2019
                    State Bank of India Bank removed November 30, 2018

                    * As with all banks in RJBDP, any participating foreign-owned banks are fully FDIC-insured with U.S. branches and charters; they are governed and operate under the same laws and regulations as all U.S. banks. For privacy and security reasons, all deposits through RJBDP are made with U.S. branches through an omnibus account so your personal information is not shared with the participating banks.

                    Clients whose brokerage accounts are not serviced through an advisor at an affiliated bank should refer to the regional priority lists.

                    (See “How the priority lists work” for information on how funds flow between banks.)

                    The following banks are “excess banks,” as described in the “Bank Priority List” section of the disclosures:

                    • General Lists: Wells Fargo Bank, N.A., U.S. Bank N.A., Citibank, N.A., Raymond James Bank, N.A.
                    • For Profit Lists: Citibank, N.A., Raymond James Bank, N.A., PNC Bank, N.A.

                    Although you may decline to have funds deposited in any bank in the list, you must have a minimum of one excess bank selected for deposit.

                    Effective November 15, 2019.

                    Towne Bank Towne Bank: For-Profit Accounts Extraco Bank Extraco Bank: For-Profit Accounts
                    Towne Bank Towne Bank Extraco Banks, N.A. Extraco Banks, N.A.
                    Raymond James Bank, N.A. Raymond James Bank, N.A. Raymond James Bank, N.A. Raymond James Bank, N.A.
                    Goldman Sachs Bank USA The Bank of East Asia Ltd. American Express National Bank BBVA USA
                    U.S. Bank N.A. Umpqua Bank U.S. Bank N.A. The Bank of East Asia Ltd.
                    Citibank, N.A. Extraco Banks, N.A. The Bank of East Asia Ltd. Towne Bank
                    American Express National Bank Amarillo National Bank Truist Bank Amarillo National Bank
                    Manufacturers and Traders Trust Company First Mid Bank & Trust, NA Manufacturers and Traders Trust Company First Mid Bank & Trust, NA
                    Amarillo National Bank Franklin Synergy Bank Amarillo National Bank Franklin Synergy Bank
                    Umpqua Bank Cadence Bank, N.A. Franklin Synergy Bank Cadence Bank, N.A.
                    Bank of Hope Bank of Hope First Mid Bank & Trust, NA Bank of Hope
                    The Bryn Mawr Trust Company PNC Bank, N.A. Towne Bank PNC Bank, N.A.
                    The Bank of East Asia Ltd. Citibank, N.A. PNC Bank, N.A. Truist Bank
                    Cadence Bank, N.A. NexBank, SSB Umpqua Bank Umpqua Bank
                    Extraco Banks, N.A. Synchrony Bank NexBank, SSB NexBank, SSB
                    First Mid Bank & Trust, NA Texas Capital Bank NA Landmark Community Bank Landmark Community Bank
                    Franklin Synergy Bank The Bryn Mawr Trust Company Wells Fargo Bank N.A. Wells Fargo Bank N.A.
                    NexBank, SSB West Bank Citibank, N.A. West Bank
                    PNC Bank, N.A. Landmark Community Bank Goldman Sachs Bank USA The Bryn Mawr Trust Company
                    Synchrony Bank Cadence Bank, N.A.
                    Texas Capital Bank NA Bank of Hope
                    West Bank West Bank
                    Landmark Community Bank The Bryn Mawr Trust Company
                    BBVA USA
                    Amarillo National Bank Amarillo National Bank: For-Profit Accounts Pinnacle Bank Pinnacle Bank: For-Profit Accounts
                    Amarillo National Bank Amarillo National Bank Raymond James Bank, N.A. Raymond James Bank, N.A.
                    Raymond James Bank, N.A. Raymond James Bank, N.A. American Express National Bank BBVA USA
                    American Express National Bank BBVA USA Citibank, N.A. Towne Bank
                    U.S. Bank N.A. Towne Bank U.S. Bank N.A. The Bank of East Asia Ltd.
                    Citibank, N.A. The Bank of East Asia Ltd. Manufacturers and Traders Trust Company Extraco Banks, N.A.
                    Manufacturers and Traders Trust Company NexBank, SSB First Mid Bank & Trust, NA Amarillo National Bank
                    BBVA USA Extraco Banks, N.A. BBVA USA First Mid Bank & Trust, NA
                    Franklin Synergy Bank First Mid Bank & Trust, NA Franklin Synergy Bank Franklin Synergy Bank
                    NexBank, SSB Franklin Synergy Bank The Bryn Mawr Trust Company Cadence Bank, N.A.
                    Bank of Hope Cadence Bank, N.A. Bank of Hope
                    Cadence Bank, N.A. Bank of Hope PNC Bank, N.A.
                    Extraco Banks, N.A. PNC Bank, N.A.
                    First Mid Bank & Trust, NA Citibank, N.A.
                    PNC Bank, N.A. Landmark Community Bank
                    The Bank of East Asia Ltd. Umpqua Bank
                    Towne Bank
                    Landmark Community Bank
                    Umpqua Bank
                    Florida Community Bank, N.A. Florida Community Bank, N.A.: For-Profit Accounts Franklin Synergy Bank Franklin Synergy Bank: For-Profit Accounts
                    Raymond James Bank, N.A. Raymond James Bank, N.A. Franklin Synergy Bank Franklin Synergy Bank
                    American Express National Bank BBVA USA Raymond James Bank, N.A. Raymond James Bank, N.A.
                    U.S. Bank N.A. Towne Bank American Express National Bank Umpqua Bank
                    Truist Bank The Bank of East Asia Ltd. Citibank, N.A. BBVA USA
                    Citibank, N.A. Extraco Banks, N.A. Umpqua Bank First Mid Bank & Trust, NA
                    Manufacturers and Traders Trust Company Amarillo National Bank Truist Bank Towne Bank
                    BBVA USA First Mid Bank & Trust, NA First Mid Bank & Trust, NA The Bank of East Asia Ltd.
                    The Bryn Mawr Trust Company Franklin Synergy Bank Manufacturers and Traders Trust Company NexBank, SSB
                    Cadence Bank, N.A. Amarillo National Bank Extraco Banks, N.A.
                    Bank of Hope Extraco Banks, N.A. Amarillo National Bank
                    PNC Bank, N.A. NexBank, SSB Bank of Hope
                    Bank of Hope PNC Bank, N.A.
                    BBVA USA Citibank, N.A.
                    PNC Bank, N.A. Truist Bank
                    The Bank of East Asia Ltd. Landmark Community Bank
                    Towne Bank
                    Landmark Community Bank
                    Fulton Bank Fulton Bank: For-Profit Accounts
                    Fulton Bank NA Fulton Bank NA
                    Raymond James Bank, N.A. Raymond James Bank, N.A.
                    BBVA USA BBVA USA
                    Goldman Sachs Bank USA Citibank, N.A.
                    Synchrony Bank Umpqua Bank
                    U.S. Bank N.A. NexBank, SSB
                    Citibank, N.A. Cadence Bank, N.A.
                    American Express National Bank Bank of Hope
                    Umpqua Bank West Bank
                    NexBank, SSB First Mid Bank & Trust NA
                    Cadence Bank, N.A. Texas Capital Bank NA
                    Franklin Synergy Bank Amarillo National Bank
                    Bank of Hope Extraco Banks, N.A.
                    West Bank Franklin Synergy Bank
                    First Mid Bank & Trust NA Synchrony Bank
                    Amarillo National Bank
                    Extraco Banks, N.A.
                    Texas Capital Bank NA

                    How the priority lists work

                    Raymond James establishes contracts with multiple banks, which are included in one or more bank priority lists. Your account’s legal address of record determines which list is used to determine the order in which your available cash in your brokerage account will be deposited into interest-bearing deposit accounts at one or more of the banks set forth on the predetermined list.

                    If your cash balance exceeds the FDIC insurance limit for all funds at the first bank on the list, the excess cash will be deposited in the next bank. If you still have excess cash, those funds will be deposited in the third bank Raymond James has designated. This process continues through all banks on the priority list, providing FDIC coverage up to $3 million, or $6 million for joint accounts. As always, you have immediate access to your funds should you wish to withdraw or reinvest them.

                    Your priority list may also include one or more excess banks that will accept funds from retirement accounts without limit and without regard to the maximum applicable deposit insurance amount if all banks on the priority list have received funds up to the applicable deposit limit. If all your funds are withdrawn from an excess bank, the next time your funds are available for deposit in an excess bank they may be deposited in a different excess bank. This may also apply to certain non-retirement accounts that do not elect to have excess funds swept to the Raymond James Client Interest Program, as described below.

                    For non-retirement accounts, if all banks on the priority list have received your funds up to the applicable deposit limit, your next available funds will be deposited in the Raymond James Client Interest Program (and covered by SIPC/Excess SIPC insurance), as long as you have not opted for an alternative.

                    The deposit insurance coverage limits refer to the total of all deposits that an account holder has in the same ownership categories at each FDIC-insured institution. Visit fdic.gov for more information.

                    久久爱www免费人成av