How does being a "Registered Representative of Raymond James Financial Services" impact the services that an advisor can provide?

I'm going to hire a financial advisor. I'm looking at the website for one of the firms I am considering working with and it says their advisors are CFPs, they hold a couple of securities licenses and they are a Registered Representative of Raymond James Financial Services. What does this mean? If I have an account at Fidelity, can my advisor still work with me? Is there advice influenced by the fact that they're represented by Raymond James? 

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February 2018

Most likely they would not in that case work with your Fidelity account. The financial world is confusing and the basis for advice stems from the legal structure of the firm you are talking to. 

I work for a Registered Investment Advisor with no securities licenses, which means I can be compensated for advice, but I can not sell investment products. That removes a third-party that regulates the representatives who sell products. 

Fidelity representatives will also be licensed. 

Firms can be RIAs and have securities licenses, but typically the brokerage that employees the licensed Registered Representative will still have a say over the advice the advisor gives on the RIA side. Yes, there will not only be an influence but an outright regulation of recommendations. 

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