Who Owns Raymond James?
Raymond James is the brand of Raymond James Financial, Inc. (NYSE: RJF), a financial services company headquartered in St. Petersburg, Florida. The brand covers wealth management through roughly 9,000 advisors, investment banking, and banking services with more than $1.5 trillion in client assets, generating approximately $15 billion in fiscal year 2025.
Parent Company
Founded
1962
Status
Publicly Traded
Headquarters
United StatesOfficial Website
Who Owns Raymond James?
- Parent Company: Raymond James Financial, Inc.
- Ownership Type: Brand division
- Company Type: Publicly Traded
- Stock Ticker: NYSE: RJF
| Brand | Parent Company | Ownership Type |
|---|---|---|
| Raymond James | Raymond James Financial, Inc. | Brand division |
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History of Raymond James
- Founded: 1962
- Founders: Robert A. James
Robert A. James founded the firm in St. Petersburg in 1962 as a client-first alternative to the sales-driven brokerages of the era, building it through advisor independence.
His son Thomas James led the company for four decades, growing it from regional brokerage to national wealth manager through organic advisor recruiting and the 2012 Morgan Keegan acquisition. It went public in 1983.
Paul Reilly expanded it to the trillion-dollar client asset tier from 2010 to 2025, handing the CEO role to CFO Paul Shoukry in a succession planned years ahead, preserving the firm's advisor-friendly culture through the transition.
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About Raymond James Financial, Inc.
What does Raymond James own?
The company owns its wealth management, capital markets, asset management, and banking businesses including the Alex. Brown investment bank brand.
Is Raymond James publicly traded?
Yes. It trades on the NYSE under ticker RJF and is an S&P 500 component.
Who founded Raymond James?
Robert A. James founded it in St. Petersburg in 1962. His son Thomas James led it for four decades.
Where is Raymond James headquartered?
The company is headquartered in St. Petersburg, Florida, on Tampa Bay.
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Who is the CEO of Raymond James?
Paul Shoukry has served as CEO since early 2025, succeeding Paul Reilly.
How big is Raymond James?
Approximately $15 billion in annual revenue, $1.5 trillion-plus in client assets, and about 9,000 financial advisors.
What does Raymond James do?
Wealth management for individuals and institutions, investment banking for middle-market companies, and banking services through its subsidiary.
- Founded: 1962
- Headquarters: St. Petersburg, Florida, USA
- Company Type: Publicly Traded
- Stock: NYSE: RJF
- Revenue: Approximately $15 billion (FY2025)
- Employees: Approximately 19,000 including about 9,000 advisors
Where Is Raymond James Made / Based?
- Headquarters: St. Petersburg, Florida, USA
Raymond James Categories & Tags
Raymond James Recalls & Controversies
Regulatory matters: Periodic FINRA and SEC examinations on supervision and suitability are handled through standard resolutions without major findings.
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Advisor disputes: Recruiting disputes with competitors occur as advisors move between firms, standard industry friction.
Raymond James Ownership: Pros & Cons
Advantages
- +Fee-based recurring revenue at $1.5 trillion asset scale
- +Advisor-friendly culture aids retention
- +Multi-channel model covers all advisor structures
- +Capital-light economics with strong returns
Considerations
- -Revenue is market-sensitive to asset values
- -Advisory fee compression across wealth management
- -Wirehouse giants outscale it in recruiting battles
- -Advisor departures take client assets
Frequently Asked Questions About Raymond James
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Sources & Further Reading
Competitors to Raymond James
These competing brands operate in the same categories and provide similar products or services. Compare key attributes to understand market positioning and competitive landscape.
| Brand | Parent Company | Country | Founded | Market Position | Primary Market | Gender Target |
|---|---|---|---|---|---|---|
| Charles Schwab | USA | 1971 | Mass market | United states | All Genders | |
| Ameriprise | USA | 1894 | Mass market | Global | All Genders | |
| Bny | USA | 1784 | Mass market | Global | All Genders | |
| Edward Jones | USA | 1922 | Mass market | United states | All Genders | |
| Jpmorgan Chase | USA | 1895 | Mass market | Global | All Genders | |
| Bank Of America | USA | 1914 | Premium | United states | Unisex |
Learn More About Competitors
Finance FintechCharles Schwab
Owned by The Charles Schwab Corporation
American brokerage and wealth management brand serving 38.5 million active accounts and $11.90 trillion in client assets, flagship of The Charles Schwab Corporation.
brokerageinvestingwealth-management
Finance FintechAmeriprise Financial
Owned by Ameriprise Financial, Inc.
Master brand of Ameriprise Financial, Inc., the Minneapolis wealth management and financial services company with $1.7 trillion in assets.
wealth-managementfinancial-advisorsretirement
Finance FintechBNY
Owned by The Bank of New York Mellon Corporation
American financial services brand providing custody, clearing, investment management, and treasury services, the master brand of The Bank of New York Mellon Corporation since 2024.
custody-bankasset-servicinginvestment-management
Financial ServicesEdward Jones
Owned by Edward Jones
Master brand of the St. Louis-area financial services partnership founded in 1922, serving 9 million clients through 20,000 advisors.
financial-advisorywealth-managementbrokerage
Finance FintechJ.P. Morgan
Owned by JPMorgan Chase & Co.
J.P. Morgan is the investment banking, commercial banking, markets, and wealth management brand of JPMorgan Chase & Co., the top-ranked global investment bank by fees.
investment-bankingwealth-managementmarkets
Finance FintechMerrill Lynch
Owned by Bank of America Corporation
American wealth management brand founded in 1914, serving millions of clients through advisor-led and digital investing services under Bank of America.
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Competitive Analysis
Market Positioning: Raymond James competes with 6 brands in the same categories, ranging from mass market to luxury positioning.
Geographic Distribution: Competitors are headquartered across multiple regions, indicating global competition in this market segment.
Brand Heritage: Competitor brands range from established heritage brands to newer market entrants, with founding years spanning several decades.
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Independent Alternatives to Raymond James
Looking for brands with different ownership structures? These similar brands are not owned by Raymond James Financial, Inc., giving you alternative choices that support different corporate structures.
Finance FintechCharles Schwab
Owned by The Charles Schwab Corporation
American brokerage and wealth management brand serving 38.5 million active accounts and $11.90 trillion in client assets, flagship of The Charles Schwab Corporation.
brokerageinvestingwealth-management
Publicly Traded
Charles Schwab operates independently without a large parent corporation.
Finance FintechTD Bank
Owned by TD Bank, N.A.
TD Bank is the U.S. retail banking brand of Toronto-Dominion Bank, operating about 1,100 East Coast branches as "America's Most Convenient Bank" under a federal asset cap since 2024.
bankingretail-bankfinancial-services
Privately Owned
TD Bank is privately owned, unlike Raymond James which is under a publicly traded parent company.
Finance FintechTrove
Owned by Trove FS, LLC
Independent fee-only multi-family office serving ultra-high-net-worth families, headquartered in Stamford, Connecticut and rebranded from Maestro in 2023.
family-officewealth-managementuhnw
Privately Owned
Trove is privately owned, unlike Raymond James which is under a publicly traded parent company.
Finance FintechAmeriprise Financial
Owned by Ameriprise Financial, Inc.
Master brand of Ameriprise Financial, Inc., the Minneapolis wealth management and financial services company with $1.7 trillion in assets.
wealth-managementfinancial-advisorsretirement
Publicly Traded
Ameriprise Financial operates independently without a large parent corporation.
Finance FintechBarings
Owned by Massachusetts Mutual Life Insurance Company (MassMutual)
Global asset management firm headquartered in Charlotte, North Carolina, and subsidiary of MassMutual, managing investments across fixed income, real estate, and private markets.
asset-managementinvestmentsfixed-income
Privately Owned
Barings is privately owned, unlike Raymond James which is under a publicly traded parent company.
Finance FintechBloomberg Terminal
Owned by Bloomberg L.P.
Industry-standard financial data and analytics platform used by approximately 325,000 subscribers at banks, hedge funds, and institutional investors worldwide.
financial-datamarket-dataanalytics
Privately Owned
Bloomberg Terminal is privately owned, unlike Raymond James which is under a publicly traded parent company.
Raymond James Financial, Inc. Stock Information
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