Raymond James

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Raymond James Financial Inc.

Type	Public
Founded	1962
Headquarters	St. Petersburg, Florida
Key people	Thomas A. James, Chairman & CEO Chet Helck, President & COO
Industry	Investment services
Products	Financial Services Investment Banking
Revenue	$2.632 billion USD (2006)
Employees	6,361 (2005)
Website	www.raymondjames.com

1 History
2 Company culture
- 2.1 Art
- 2.2 Subsidiaries and Affiliates
3 Rankings
4 Unsuitable sales activities
5 References

[edit] History

Raymond James Financial (NYSE-RJF) is a Florida-based diversified holding company providing financial services to individuals, corporations and municipalities through its subsidiary companies. Its three wholly owned broker/dealers (Raymond James & Associates, Raymond James Financial Services and Raymond James Ltd.) and Raymond James Investment Services Limited, a majority-owned independent contractor subsidiary in the United Kingdom, have a total of more than 4,750 financial advisors serving approximately 1.6 million accounts in 2,200 locations throughout the United States, Canada and overseas. In addition, total client assets are currently near $215 billion, of which approximately $37.1 billion are managed by the firm’s asset management subsidiaries.

The company, which is based in St. Petersburg, Florida, began in 1962 as Robert A. James Investments. The current name is the result of the 1964 merger of Robert A. James Investments and Raymond and Associates. Since going public in 1983 (NYSE - RJF), the company has continued to grow with the acquisitions of Roney & Co. in 1999 and Goepel McDermid Inc. in 2000.

In 1998, Raymond James purchased the naming rights to Tampa’s Raymond James Stadium home to the Tampa Bay Buccaneers NFL team. The rights have been extended through 2015.

Towers I & II (of four)

[edit] Company culture

[edit] Art

The Raymond James Financial Center in St. Petersburg is home to the Tom and Mary James/Raymond James Financial Art Collection, one of Florida’s largest private art collections, with over 1,850 pieces including original paintings, sculptures, prints and posters.^[1] Salvador Dalί, Roy Lichtenstein and Andy Warhol are among the most famous artists on display, but James prides himself in collecting the art of living artists in an effort to boost their popularity. The collection is perhaps most noteworthy due to the abundance (over fifty percent of the collection) of Western /Wildlife pieces.^[2]

[edit] Subsidiaries and Affiliates

Investment Firms
Raymond James Financial Services
Raymond James & Associates
Raymond James Ltd. (Canada)
Raymond James Investment Services (UK)
Asset Management
Eagle Asset Management
Eagle Boston Investment Management
Heritage Asset Management
Ballast Point Ventures, L.P.
Raymond James Trust Company
Other
Raymond James Bank, FSB
Raymond James Capital
Raymond James Tax Credit Funds
Planning Corporation of America
International
Raymond James Argentina Sociedad de Bolsa, S.A.
Raymond James Asset Management International (France)
Raymond James Yatýrým Menkul Kýymetler A.S. (Turkey)
^[3]

[edit] Rankings

Second in average Assets Under Management (AUM) per advisor for an independent B/D at $38 Billion. ^[4]

First in number of home office staff for an independent B/D at 1,867 employees.^[5]

Second in ratio of reps to home office staff for an independent B/D at (1.7:1).^[6]

Fourth in the number of producing reps for an independent Broker/Dealer (B/D) at 3,130.^[7]

Fifth in average annual gross production per advisor for an independent B/D at $290,018.^[8]

Listed in the top 25 of Business Week’s “Customer Service Elite” rankings.^[9]

In overall advisor satisfaction rankings Edward Jones scored the highest, followed by LPL, A.G. Edwards, Raymond James and Merrill Lynch. ^[10]

[edit] Unsuitable sales activities

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In February 2007, the NASD announced a $2.75 million fine against Raymond James for failing to maintain an adequate supervisory system to oversee the sales activities of over 1,000 producing branch managers working in offices throughout the United States. One of the branch managers was permanently barred from the industry for recommending unsuitable mutual fund and variable annuity purchases to elderly or retirement age customers and making misleading statements to customers in correspondence. This was however, the lesser of many other fines imposed on firm in 2007.^[11]