Raymond James Financial Services Inc.
A member of Raymond James Financial
880 Carillon Parkway
St. Petersburg, FL 33716
Clearing firm: Self-clearing
No. advisers: 7,795
Year founded: 1974
Year end: Sept. 30
No. of retail offices: 1,572
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||8,326||7,795||—|
|No. of producing reps||3,827||3,602||3,329|
|No. of reps producing $100K-$499K /year||1,958||1,821||1,816|
|Total revenues: Other||$287,035,802||$252,738,359||$215,396,366|
|Total account assets||$242,886,000,000||$208,461,000,000||$204,461,000,000|
|Total account assets: Other||$134,687,000,000||$118,970,000,000||$119,792,000,000|
|Average assets per rep||$29,171,991||$26,742,912||—|
April 23, 2017 - Top 50 IBDs ranked by 2016 revenue Bubble view By group Table view Firm 2016 revenue ($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...
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 â€” those with roughly $250 million and more in total revenue â€” collectively reporting...
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....
December 7, 2016 - An independent team of advisers managing more than $250 million in assets has left Morgan Stanley to join Raymond James Financial Inc. The team, based in Chapel Hill, N.C., operates as The Broadview Group, and had annual revenues of more than $1.5 million...
September 21, 2016 - The Department of Labor's fiduciary rule will fundamentally change the way brokers can select annuities for clients. Brokers are currently able to sell annuities under a suitability standard, but fiduciary experts describe new DOL requirements as a suitability...
July 28, 2016 - A team of advisers managing $300 million in client assets left LPL Financial last week to join Raymond James Financial Services Inc. Chad Keim, Vince Little, and Brian Oswald, advisers at Oakleaf Financial Services, the investment arm of Sturgis Bank...
July 25, 2016 - Raymond James Financial Inc. has landed a multibillion-dollar, national retirement plan consulting team from Wells Fargo Advisors. Next Retirement Solutions, which advises on $7 billion in assets in a variety of qualified and non-qualified retirement...
May 29, 2016 - The industry got a wake-up call â€” or perhaps it's more fitting to say a colossal kick in the keister â€” when one of its biggest players was hit recently with a whopping fine for compliance failures. We're talking about the $17 million fine Finra announced...
April 25, 2016 - For the independent broker-dealer industry, 2015 was the worst year in the last six, and 2016 promises to be just as difficult â€” if not more so. â€śIf 2015 was bad, 2016 is worse,â€ť said Joel Marks, the former chairman of independent broker-dealers...
January 24, 2016 - Independent broker-dealers are facing a number of regulatory changes over the coming 12 to 24 months that could divide the industry into winners and losers â€” firms that will be able to adapt and become stronger and those that won't and might fall by...
- 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.
Purchase the complete set of our independent broker-dealer data and profiles in an Excel spreadsheet.
For comments or suggestions about the Adviser Center, please contact us.
Disclaimer: All data and information is the property of InvestmentNews and is protected by copyright and other intellectual property laws. All rights are reserved by InvestmentNews. The data may only be used for internal business use such as to develop a mailing list but the data may not be resold, republished, redistributed, sublicensed or publicly displayed on a web site without the permission of InvestmentNews. All information contained within was obtained through InvestmentNews' annual independent B-D surveys.