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: 5,999

No. franchises: 1,579

AUM: $298,581,835,939

Year founded: 1974

Year end: Sept. 30

No. of retail offices: 1,583

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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

2017 2016 2015
No. of reps5,9995,2177,795
No. of producing reps4,1473,8273,602
No. of reps producing $100K-$499K /year1,9301,9581,821

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.

2017 2016 2015
Total revenues$2,071,243,525$1,790,201,621$1,731,968,106
Commission revenues$671,485,744$648,437,896$676,995,254
Fee revenues$1,041,912,374$854,727,923$802,234,493
Total revenues: Other$357,845,407$287,035,802$252,738,359
2017 2016 2015
Total account assets$298,581,835,939$242,885,545,531$208,461,000,000
Fee-based assets$148,133,754,739$108,199,199,854$89,491,000,000
Total account assets: Other$150,448,081,199$134,686,345,677$118,970,000,000
Average assets per rep$49,771,935$46,556,555$26,742,912

Top independent broker-dealers ranked by revenue

April 21, 2018 - Firm 2017 % revenue ($M) % change vs. 2016 2017 commission revenue ($M) % change vs. 2016 2017 fee revenue ($M) % change vs. 2016 2017 other revenue ($M) % change vs. 2016 1 LPL Financial $4,281.50 5.70% $1,670.80 -3.80% $1,409.20 9.30% $1,201.40 17.50%...

Independent broker-dealers open up their coffers as fight for talent turns fierce

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Ex-Morgan Stanley, UBS advisers prevail in TRO claims

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...

Preaching calm, veteran advisers prepped clients for market drop

February 6, 2018 - Veteran financial advisers have been talking to clients for months about when — not if — 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...

Independent broker-dealers are stepping up their game on recruiting from the wirehouses

January 27, 2018 - For years, many wirehouse brokers wouldn't consider moving to an independent broker-dealer — 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,...

Finra fines Raymond James $2 million over emails

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...

Can Robert Moore save Cetera?

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...

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...

RIAs weigh pros and cons of offering trust services

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,"...

    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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