Raymond James Financial Services Inc.

Raymond James Financial Services Inc.

A member of Raymond James Financial

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880 Carillon Parkway

St. Petersburg, FL 33716

(866) 694-5807

advisorchoice.com

Clearing firm: Self-clearing

No. advisers: 8,326

No. franchises: 1,564

AUM: $242,886,000,000

Year founded: 1974

Year end: Sept. 30

No. of retail offices: 1,572

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Additional data available to subscribers:
  • No. of reps, male
  • No. of reps, female
  • No. of producing reps, male
  • No. of producing reps, female
  • No. of reps producing $500K+ /year
  • No. of CFPs
  • No. of full-time employees
  • No. of fee-based advisers served
  • Average payout per rep, per year
  • Avg. annual production of top 20% reps
  • Total payout, per year
  • Cost of E&O insurance per rep, per year
  • Affiliation fees charged per rep, per year
  • Affiliation fee coverage
  • Securities revenues
  • Securities revenues: Stocks
  • Securities revenues: Bonds
  • Securities revenues: ETFs
  • Securities revenues: Other
  • Mutual fund revenues
  • Annuities revenues
  • Annuities revenues: Fixed
  • Annuities revenues: Variable
  • Annuities revenues: Other
  • Insurance revenue
  • Insurance revenues: Life
  • Insurance revenues: Disabilities
  • Insurance revenues: LTC
  • Insurance revenues: Other
  • Alternative revenues
  • Alternative revenues: Hedge funds
  • Alternative revenues: Managed futures
  • Alternative revenues: Private placements
  • Alternative revenues: REITs
  • Alternative revenues: Other
  • Other commission revenues
  • Fee revenues: Rep-managed accounts
  • Fee revenues: Firm-managed accounts
  • Fee revenues: Outside-managed accounts
  • Fee revenues: Other
  • Fee-based assets: Clearing firm
  • Fee-based assets: Advisory firm platforms
  • Fee-based assets: Third-party money managers
  • Fee-based assets: Other
  • Is the firm, or an affiliate of the firm, registered as an investment adviser with the SEC?
  • Allows an adviser to have his/her own RIA
  • RIA platform AUM
  • Offers robo-advisory platform?
  • If not, when plans to offer a robo-platform
  • Robo-advice services offered
  • How robo-platform developed
  • Charge for robo-advisory services?

For More Information

CEOPaul Reilly
Top ExecutiveScott Curtis
Recruiting ContactBarry Papa
(866) 694-5807
E-mail
Compliance ContactMark Lontchar
Marketing ContactMike White
Technology Operations ContactVincent "Vin" Campagnoli

Recruitment & Staffing

2016 2015 2014
No. of reps8,3267,795
No. of producing reps3,8273,6023,329
No. of reps producing $100K-$499K /year1,9581,8211,816

Payout grid is available to Data Center subscribers only.

Subscribe or log in to the B-D Data Center for access to all available data.

2016 2015 2014
Total revenues$1,790,201,621$1,731,968,106$1,564,985,203
Commission revenues$648,437,896$676,995,254$666,396,430
Fee revenues$854,727,923$802,234,493$683,192,408
Total revenues: Other$287,035,802$252,738,359$215,396,366
2016 2015 2014
Total account assets$242,886,000,000$208,461,000,000$204,461,000,000
Fee-based assets$108,199,000,000$89,491,000,000$84,669,000,000
Total account assets: Other$134,687,000,000$118,970,000,000$119,792,000,000
Average assets per rep$29,171,991$26,742,912

Raymond James' indy arm recruits husband-and-wife adviser team in Houston

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...

Top clearing and custody firms for financial advisers

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...

Raymond James looks to replicate recruiting success on West Coast

July 28, 2017 - Go West, young adviser. That was the message of Paul Reilly, CEO of Raymond James Financial Inc., during Thursday morning's earnings call with analysts. An analyst asked Mr. Reilly about the company's recent success in recruiting in the Northeast and...

DOL regulation translates into pay cut for some advisers

July 20, 2017 - The Department of Labor's fiduciary rule has morphed into a pay cut for some advisers, who are left wondering whether a reduction in their compensation is being used to bolster the bottom lines of the broker-dealers with which they work. Sure, it would...

Broker-dealers try to hold the line on advisory and wrap account fees

May 16, 2017 - For over a year, CEOs of top broker-dealers have been peppered with questions by analysts who cover their companies about fees. Can firms sustain their current level of fees they charge clients in the new era of the fiduciary adviser? Will they be cut,...

Raymond James CEO Paul Reilly talks taxes and the firm's earnings

April 27, 2017 - President Donald J. Trump's proposal this week to cut the tax rate to 15% for pass-through businesses, under which many independent financial advisers operate, "came out of the blue and was a surprise" and, if enacted, would be a boon to those advisers,...

No slow down in recruiting at Raymond James as advisers prepare for DOL fiduciary rule

April 26, 2017 - Coming off its best recruiting year ever, Raymond James Financial Services Inc. is playing host to a possible record number of potential recruits this week at its annual meeting, Elevate, in Orlando, Fla. The firm is hosting 86 advisers who are thinking...

Top independent broker-dealers by revenue and payout

April 23, 2017 - Top 50 IBDs ranked by 2016 revenue Bubble view By group Table view Firm 2016 revenue ($M) % change vs. 2015 2016 commission revenue ($M) % change vs. 2015 2016 fee revenue ($M) % change vs. 2015 2016 other revenue ($M) % change vs. 2015 1 LPL Financial...

Independent broker-dealers hit a wall

April 22, 2017 - As commission revenue continued its decline in 2016 and headwinds from regulators stiffened, the independent broker-dealer industry hit a wall, with the top 25 firms — those with roughly $250 million and more in total revenue — collectively reporting...

Top independent broker-dealers reveal their payout tables

January 22, 2017 - The 2017 InvestmentNews independent-broker-dealer directory is based on information provided by 90 eligible firms. To be considered for future listings, contact INResearch@investmentnews.com. Visit InvestmentNews.com/bddata for more-complete profiles....

    Notes
  • 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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