Raymond James Financial, Inc.
Diversified financial services firm providing wealth management, investment banking, and capital markets services from St. Petersburg, Florida.
Company Type
public
Founded
1962
Headquarters
St. Petersburg, Florida, USA
Stock
NYSE: RJF
Revenue
Approximately $15 billion (FY2025)
Employees
Approximately 19,000 including about 9,000 advisors
Primary Market
United States
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.
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.
History of Raymond James Financial, Inc.
Robert A. James founded the company in St. Petersburg in 1962 as a small investment firm, building it through client-first service and advisor independence rather than the sales-driven model dominant at the time.
The defining era was his son Thomas James's four-decade leadership, which built the firm from regional brokerage to national wealth manager through organic advisor recruiting and selective acquisitions. The company went public in 1983 and grew into the Fortune 500.
Key acquisitions shaped the franchise: the 2012 purchase of Morgan Keegan added scale and capital markets depth, and successive advisor recruiting waves made it a destination wirehouse alternative for advisors wanting more autonomy.
Paul Reilly led from 2010 to 2025, expanding client assets to the trillion-dollar-plus tier before handing the CEO role to Shoukry in a succession planned years in advance.
Raymond James Financial, Inc. Sustainability & Ethics
As a financial services firm, its sustainability work covers corporate governance, community investment concentrated in Tampa Bay, and responsible investing options for clients.
No consumer-facing certifications apply. The more relevant credential is its reputation for advisor-friendly and client-first culture, a brand positioning built over six decades.
The company operates under the standard financial regulatory framework without major enforcement incidents on its record.
Awards & Recognition
Raymond James is a perennial Fortune 500 member and S&P 500 component.
It consistently ranks among the top firms for advisor satisfaction in industry surveys, and its Private Client Group regularly appears on wealth management quality rankings including J.D. Power satisfaction studies.
Controversy, Regulation & Public Scrutiny
Regulatory matters: As a large broker-dealer and investment adviser, it faces periodic FINRA and SEC examinations and enforcement on supervision, communications, and suitability, handled through standard resolutions without systemic findings.
Advisor disputes: Periodic disputes over advisor recruiting and protocol matters occur across the industry as advisors move between firms.
Brands Owned by Raymond James Financial, Inc.
Raymond James Financial, Inc. owns 1 brand in our database. Explore the ownership tree below — click categories to expand and see individual brands.
Raymond James Financial, Inc.
public · Founded 1962 · St. Petersburg, Florida, USA
1
brands
Stock Information
Raymond James Financial, Inc. Ownership: Pros & Cons
Advantages
- +Fee-based advisor model produces recurring revenue at scale
- +Advisor-friendly culture aids talent retention in a recruiting war
- +Multi-channel distribution covers employee, independent, and RIA paths
- +Capital-light model with strong returns
- +Middle-market investment banking niche with less bulge bracket competition
Considerations
- -Client assets and revenue are market-sensitive
- -Advisory fee compression pressure across wealth management
- -Capital markets business is cyclical with deal activity
- -Scale disadvantage versus wirehouse giants in recruiting battles
- -Advisor departures could take client assets
Frequently Asked Questions 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.
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.
Sources & Further Reading
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