Raymond James Financial Services Inc.
A member of Raymond James Financial
880 Carillon Parkway
St. Petersburg, FL 33716
Clearing firm: Self-clearing
No. advisers: 6,433
No. franchises: 1,605
Year founded: 1974
Year end: Sept. 30
No. of retail offices: 1,605
Like advisors across the country, you might be considering which independent broker dealer would be a good fit for you and your practice. Highly independent "Joe" is representative of many advisors who are looking for the right balance between solid business, compliance support, and the comfort of a family-style culture.
Are you a "Blue Chip Advisor"? Is there correlation between the defining characteristics of these mammoth organizations and our firms? We believe that the parallels abound between blue chip companies and the best-of-the-best advisors and, with that in mind, examine the traits to emulate as you prepare for the future.
For More Information
|Top Executive||Scott Curtis|
|Recruiting Contact||Barry Papa|
|Compliance Contact||Suzy Auletta|
|Marketing Contact||Mike White|
|Technology Operations Contact||Vincent "Vin" Campagnoli|
Recruitment & Staffing
|No. of reps||6,433||5,973||5,217|
|No. of producing reps||4,269||3,960||3,827|
|No. of reps producing $100K-$499K /year||1,890||1,930||1,958|
|Total revenues: Other||$419,000,000||$357,000,000||$287,035,802|
|Total account assets||$327,099,000,000||$282,941,000,000||$242,885,545,531|
|Total account assets: Other||$156,119,000,000||$145,305,000,000||$134,686,345,677|
|Average assets per rep||$50,847,039||$47,369,998||$46,556,555|
November 6, 2019 - In an agreement with the Financial Industry Regulatory Authority Inc., Merrill Lynch, Pierce, Fenner & Smith and the employee and independent broker-dealers of Raymond James have agreed to pay a total of approximately $12 million in restitution to customers...
October 16, 2019 - The Financial Planning Association has elected Skip Schweiss, president of TD Ameritrade Trust Co., as its 2020 president for a one-year term. Mr. Schweiss, whose term will begin Jan. 1, 2020, succeeds 2019 FPA President Martin C. Seay. [More: SEC clears...
September 17, 2019 - Three different business groups under the Raymond James umbrella will pay $15 million as part of a settlement with the Securities and Exchange Commission, which found that the businesses had improperly charged advisory fees on inactive retail client accounts...
September 17, 2019 - Finra arbitrators ordered Raymond James Financial Services Inc. to pay a former broker more than $500,000 for treating her unfairly while dismissing her. The three-person, nonpublic-majority Financial Industry Regulatory Authority Inc. arbitration panel...
July 2, 2019 - A team of retirement advisers in the Northwest with $1.1 billion of brokerage, advisory, and retirement plan assets has left Raymond James' independent broker-dealer network to work with LPL Financial. PacNorth Retirement Group of Spokane, Wash., moved...
April 24, 2019 - Firm 2018 revenue ($M) % change vs. 2017 2018 commission revenue ($M) % change vs. 2017 2018 fee revenue ($M) % change vs. 2017 2018 other revenue ($M) % change vs. 2017 1 LPL Financial LLC 5188.4 21.2 1919.7 14.9 1793.5 27.3 1475.2 22.8 2 Ameriprise...
- 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.