Raymond James Financial Services Inc.
A member of Raymond James Financial
880 Carillon Parkway
St. Petersburg, FL 33716
Clearing firm: Self-clearing
No. advisers: 5,999
No. franchises: 1,579
Year founded: 1974
Year end: Sept. 30
No. of retail offices: 1,583
For More Information
|Top Executive||Scott Curtis|
|Recruiting Contact||Barry Papa|
|Compliance Contact||Mark Lontchar|
|Marketing Contact||Mike White|
|Technology Operations Contact||Vincent "Vin" Campagnoli|
Recruitment & Staffing
|No. of reps||5,999||5,217||7,795|
|No. of producing reps||4,147||3,827||3,602|
|No. of reps producing $100K-$499K /year||1,930||1,958||1,821|
|Total revenues: Other||$287,035,802||$252,738,359||$215,396,366|
|Total account assets||$242,885,545,531||$208,461,000,000||$204,461,000,000|
|Total account assets: Other||$134,686,345,677||$118,970,000,000||$119,792,000,000|
|Average assets per rep||$46,556,555||$26,742,912||—|
March 28, 2018 - While the wirehouses have dramatically pulled back in recruiting new brokers, broker-dealers that pay reps as independent contractors are spending like crazy to hire new talent. A key metric for broker-dealers when recruiting new brokers and advisers...
March 2, 2018 - Some financial advisers at Morgan Stanley and UBS Financial Services may be scared stiff of being sued if they leave their firms to move to another broker-dealer. That's because both wirehouses decided toward the end of last year to exit an agreement...
February 6, 2018 - Veteran financial advisers have been talking to clients for months about when â€” not if â€” a correction in the stock market would hit. Their message after Monday's historic 1,175 point drop in the Dow: Stay calm. "First, don't panic; second, get additional...
January 27, 2018 - For years, many wirehouse brokers wouldn't consider moving to an independent broker-dealer â€” and for good reason. The technology at IBDs wasn't on par with the wires. They had no public branding to bring clients in the door. And perhaps above all else,...
December 21, 2017 - The Financial Industry Regulatory Authority Inc. has fined Raymond James Financial Services $2 million for failing to have in place adequate email supervisory systems as well as procedures for reviewing emails. Finra found that during a nine-year review...
November 11, 2017 - Cetera Financial Group's Halloween office party this year, CEO Robert Moore dressed up as the Cowardly Lion from the "Wizard of Oz." A more appropriate costume might have been Hercules, who famously completed 12 labors as a penance, since many observers...
September 21, 2017 - A husband-and-wife team of advisers that managed more than $170 million in client assets at Morgan Stanley in Houston have left to join Raymond James Financial Services Inc., the independent broker-dealer arm of Raymond James Financial Inc., the broker-dealer...
August 30, 2017 - When it comes to trust services, most financial advisers prefer an arm's-length connection that serves client needs but outsources custody and fiduciary responsibilities elsewhere. "There is tremendous responsibility that comes with being a trustee,"...
August 7, 2017 - CLEARING FIRMS Listed by reported number of broker-dealer clients Firm Phone/website # of clients % change vs. 2016 Contact Phone/email Pershing (800) 445-4467 714* -3.90% Michael Row (800) 445-4467 One Pershing Plaza, Jersey City, NJ 07399 pershing.com/who-we-serve/broker-dealers...
- N/A = Not available
- N/D = Not disclosed
- — = Information not available or not disclosed
All 2011-2016 recruitment and staffing data is as of Dec. 31 in the calendar year displayed. Prior year recruitment and staffing data is as of Sept. 30. All financial figures are for firms' year end, unless noted.
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