Raymond James Financial

Raymond James Financial, Inc. stands as a leading diversified financial services company providing comprehensive wealth management, capital markets, asset management, banking, and advisory services to individuals, corporations, and municipalities. Headquartered in St. Petersburg, Florida, the firm manages approximately $1.73 trillion in client assets under administration as of September 2025, supported by roughly 8,900 financial advisors and 19,000 employees worldwide.

Founded in 1962 when St. Petersburg broker Robert James formed Robert A. James Investments, the company merged with Edward Raymond's Raymond & Associates in 1964 to create Raymond James & Associates. Robert James' son, Tom James, joined in 1966 and assumed leadership in 1970, guiding the firm through decades of strategic growth. The company went public in 1983 with a $14 million initial public offering on NASDAQ and later gained a New York Stock Exchange listing in 1973, ensuring optimal trade execution for clients.

Raymond James operates through five core business segments: Private Client Group (wealth management for individuals), Capital Markets (investment banking and institutional sales), Asset Management (investment advisory services), Raymond James Bank (lending and deposit services), and Emerging Markets. The firm's client-first philosophy, conservative approach, independence, and integrity have defined its culture since inception and continue to guide operations today.

The company achieved record financial performance in fiscal 2024 with net revenues of $12.82 billion (up 10%) and net income of $2.06 billion (up 19%). This momentum continued into fiscal 2025 with first-half revenues reaching $6.94 billion (up 13%) and record financial assets under management of $274.9 billion (up 12% from prior year). The firm's conservative balance sheet approach and diversified revenue streams have enabled consistent growth while maintaining stability through market cycles.

Raymond James has expanded its capabilities through strategic acquisitions including Deutsche Bank's Alex Brown & Sons (2016), Allied Irish Bank's Canadian assets (2012), and most recently Financo boutique investment bank (2024), NWPS Holdings retirement plan administrator (2024), and GreensLedge Holdings structured credit advisory firm (2025). These acquisitions complement organic growth driven by financial advisor recruiting, with the firm attracting top talent through its advisor-centric culture and independence from proprietary product pressures. Recognition includes ranking #1 for Advised Investor Satisfaction and Most Trusted in the J.D. Power 2025 U.S. Investor Satisfaction Study, validating the firm's client-first approach and commitment to excellence in financial services.