Raymond James Financial

The company’s business dates to 1962: its principal subsidiary, Raymond James & Associates, was organized in Florida that year and provides securities brokerage and investment banking services.⁠[1][1]

In 1974, Raymond James Financial, Inc. was incorporated in Florida as a successor to the original corporation founded in 1962, becoming the group’s holding company.⁠[1]

The company became public in 1983 and has been listed on the New York Stock Exchange since 1986 under the symbol RJF.⁠[2]

As of fiscal 2000, the company was the largest brokerage and investment firm headquartered in Florida, with Thomas A. James serving as Chairman and Chief Executive Officer; its principal subsidiaries included Raymond James & Associates, Raymond James Financial Services (formed in January 1999 by merging two independent contractor broker-dealer subsidiaries), Eagle Asset Management, Heritage Asset Management, and Raymond James Bank.⁠[1][1][1][1][1]

In May 2010, Paul C. Reilly became Chief Executive Officer, serving until February 2025; Thomas A. James continued as Chairman after retiring as Chief Executive Officer and has been Chair Emeritus since February 2017, when Reilly also became Chair.⁠[3][4][5]

On April 2, 2012, the company completed its acquisition from Regions Financial of Morgan Keegan, a brokerage headquartered in Memphis, Tennessee, for a final purchase price of about $1.188 billion, expanding its private client, fixed income and public finance, and equity capital markets businesses. Under the acquisition agreement, Regions is obligated to indemnify the company for Morgan Keegan legal proceedings already pending before the acquisition.⁠[4][4][4][4][6]

In May 2016, the Financial Industry Regulatory Authority (FINRA) fined Raymond James & Associates $8 million and Raymond James Financial Services $9 million, for a total of $17 million, for failing to establish and implement adequate anti-money laundering procedures. The violations occurred from 2011 to 2014 and included failing to conduct required examinations of accounts held by foreign financial institutions and an inadequate customer identification program; the company had been fined $400,000 in March 2012 for the same problems. The two firms neither admitted nor denied the charges, consented to the entry of FINRA’s findings, and began winding down business with some foreign institutions.⁠[7][8][8][8][7][8]

On August 31, 2016, the company acquired MacDougall, MacDougall & MacTier (3Macs), a Canadian investment firm headquartered in Montreal; on September 6, it acquired Alex. Brown, the U.S. Private Client Services unit of Deutsche Bank Wealth Management, and used it to form the Alex. Brown division within Raymond James & Associates to serve ultra-high-net-worth clients.⁠[2][2][2]

The company had been named a defendant in lawsuits over the EB-5 immigrant investor funds of the Jay Peak ski resort in Vermont: plaintiffs alleged that Ariel Quiros misused $200 million raised by the limited partnerships and misappropriated $50 million of it for his personal benefit. On April 13, 2017, Raymond James & Associates reached a settlement of all investor claims, paying a total of $150 million to the SEC-appointed receiver, including $4.5 million previously paid in a settlement with the State of Vermont. On June 30 of that year, the court approved the settlement and barred all parties other than governmental bodies from bringing claims against the company over the Jay Peak matters; the order was not appealed.⁠[6][6][6][6][6][6]

On January 21, 2022, the company used cash on hand to acquire Charles Stanley Group, a U.K. wealth management firm, accelerating its growth in the U.K.; on June 1, it completed the acquisition of TriState Capital in a cash and stock transaction valued at about $1.4 billion, together with its subsidiaries TriState Capital Bank and the registered investment advisor Chartwell Investment Partners; on July 1, it acquired SumRidge Partners, a fixed income market maker specializing in corporate and municipal bonds.⁠[5][5][5][5][5][5][5]

After the annual shareholders meeting on February 20, 2025, under the previously disclosed leadership succession plan, Paul C. Reilly stepped down as Chief Executive Officer and became Executive Chair, and Paul M. Shoukry became Chief Executive Officer. Shoukry was Chief Financial Officer from 2020 to 2024 and became President in March 2024.⁠[9][9][9][3]

For fiscal 2025, ended September 30, 2025, the company had net revenues of $14.07 billion, up 10% year over year, and net income available to common shareholders of $2.13 billion, up 3%. As of that date, client assets under administration in the Private Client Group were $1.67 trillion, of which $1.01 trillion was in fee-based accounts, with 8,943 employee and independent contractor financial advisors; the company had about 19,500 associates (including 3,878 employee financial advisors), plus 5,065 independent advisors.⁠[3][3][3][3][3]

On October 14, 2025, the company announced that it would acquire a majority stake in GreensLedge Holdings, a boutique investment bank specializing in structured credit and securitization; the transaction is subject to customary closing conditions, including regulatory approvals, and is expected to close in fiscal 2026. The company said it could fund the acquisition with cash on hand, and GreensLedge will operate within the Capital Markets segment after closing.⁠[3][3][3]

On January 15, 2026, the company announced that it had entered into a definitive agreement to acquire all of the outstanding shares of Clark Capital Management Group, an asset management firm specializing in wealth-focused solutions.⁠[10]

On August 27, 2026, the Board of Directors appointed William W. Weatherford, managing partner of Weatherford Capital and former Speaker of the Florida House of Representatives, as an independent director, effective December 15, 2026.⁠[11][11][11][11]

As of September 2026, Raymond James was one of the signed tenants of the “Class X” office building redeveloped by developer Rivani at 1691 Michigan Ave. in Miami Beach, alongside other tenants including Playboy, Morgan StanleyMorgan StanleyMorgan Stanley is an American global financial services firm that grew from an investment banking partnership into a publicly traded financial group spanning investment banking, securities trading, wealth management, and investment management.Open the full entry, Wix, Comcast, and Coldwell; the building was about 90% pre-leased before opening.⁠[12][12][12]

The company operates through five segments: Private Client Group, Capital Markets, Asset Management, Bank, and Other. The Private Client Group provides financial planning, investment advisory, and securities transaction services through employee financial advisors, independent contractor advisors, and a platform for third-party registered investment advisors; the Capital Markets segment conducts investment banking, institutional sales, securities trading, equity research, and the syndication and management of low-income housing tax credit funds; the Bank segment includes Raymond James Bank, a Florida-chartered bank, and TriState Capital Bank, a Pennsylvania-chartered bank. The company operates mainly in the United States, and also in Canada, the United Kingdom, and other parts of Europe, and as a bank holding company and financial holding company it is supervised by the Federal Reserve.⁠[3][3][3][3][3][3]

The company is headquartered in the Carillon Office Park in St. Petersburg, Florida, where it owns 1.25 million square feet of office space; it also leases principal office space in Memphis, New York, Pittsburgh, Chicago, Houston, Boston, Toronto, Vancouver, London, and elsewhere, and operates a data center in the Denver, Colorado area.⁠[3][3][3][3][3]

Raymond James Financial: Official website: https://www.raymondjames.com/ (opens in a new window).⁠[3]