Raymond James Financial Services Inc.
A member of Raymond James Financial
880 Carillon Parkway
St. Petersburg, FL 33716
Clearing firm: Self-clearing
No. advisers: 8,326
No. franchises: 1,564
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||—|
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 $170 million in client assets at Morgan Stanley in Houston have left to join Raymond James Financial Services Inc., the independent broker-dealer arm of Raymond James Financial Inc., the broker-dealer...
August 7, 2017 - CLEARING FIRMS Listed by reported number of broker-dealer clients Firm Phone/website # of clients % change vs. 2016 Contact Phone/email Pershing (800) 445-4467 714* -3.90% Michael Row (800) 445-4467 One Pershing Plaza, Jersey City, NJ 07399 pershing.com/who-we-serve/broker-dealers...
July 28, 2017 - Go West, young adviser. That was the message of Paul Reilly, CEO of Raymond James Financial Inc., during Thursday morning's earnings call with analysts. An analyst asked Mr. Reilly about the company's recent success in recruiting in the Northeast and...
July 20, 2017 - The Department of Labor's fiduciary rule has morphed into a pay cut for some advisers, who are left wondering whether a reduction in their compensation is being used to bolster the bottom lines of the broker-dealers with which they work. Sure, it would...
May 16, 2017 - For over a year, CEOs of top broker-dealers have been peppered with questions by analysts who cover their companies about fees. Can firms sustain their current level of fees they charge clients in the new era of the fiduciary adviser? Will they be cut,...
April 27, 2017 - President Donald J. Trump's proposal this week to cut the tax rate to 15% for pass-through businesses, under which many independent financial advisers operate, "came out of the blue and was a surprise" and, if enacted, would be a boon to those advisers,...
April 26, 2017 - Coming off its best recruiting year ever, Raymond James Financial Services Inc. is playing host to a possible record number of potential recruits this week at its annual meeting, Elevate, in Orlando, Fla. The firm is hosting 86 advisers who are thinking...
April 23, 2017 - Top 50 IBDs ranked by 2016 revenue Bubble view By group Table view Firm 2016 revenue ($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...
- 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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