Raymond James
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| Public | |
| Traded as | : RJF S&P 500 Component |
| Industry | Investment services |
| Founded | 1962 |
| Founder | Robert James |
| Headquarters | St. Petersburg, Florida, United States |
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Key people
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| Products | Financial services, securities and insurance brokerage, investment banking, asset management, banking and cash management, trust services. |
| Revenue |
 4.86 billion USD (2014) |
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$480 million USD (2014) |
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| Website | www |
Raymond James Financial is an American diversified holding company providing financial services to individuals, corporations and municipalities through its subsidiary companies that engage primarily in investment and financial planning, in addition to investment banking and asset management.
Raymond James was founded in 1962 when St. Petersburg broker Robert James formed Robert A. James Investments. In 1964, it merged with Raymond & Associates, founded by Edward Raymond in 1963, to form Raymond James & Associates. Robert James' son, Tom James, joined his father's company in 1966 and assumed leadership of the firm in 1970. The firm initially planned to go public in 1969, but market conditions delayed its plan until 1983. Tom turned over the CEO's post to Paul Riley in 2010, but still serves as executive chairman.
In 2012, the firm purchased the Canadian assets of Allied Irish Bank. In April 2012, Raymond James merged with Morgan Keegan & Company. The merger created one of the country's largest full-service wealth management and investment banking firms not headquartered in New York.
In January 2013, the firm reported 100 consecutive quarters of profitability.
As of June 2015, Raymond James has more than 6,500 financial advisors serving nearly 2.7 million client accounts in more than 2,600 locations throughout the United States, Canada and overseas. Total client assets under management are approximately $500 billion. Raymond James corporate headquarters is located in St. Petersburg, Florida.
In June 2016, it was announced that Raymond James had joined the Fortune 500 for the first time.
Raymond James Financial has three wholly owned broker-dealers, Raymond James & Associates (RJ&A), Raymond James Financial Services (RJFS) and Raymond James Limited (RJL); and Raymond James Investment Services Limited (RJIS), a majority-owned independent contractor subsidiary in the United Kingdom. Through Eagle Asset Management, the firm manages $56 billion in assets mostly for institutions, as of October 2013.
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Wikipedia