Raymond James Financial is a diversified holding company providing financial services to individuals, corporations and municipalities through its subsidiary companies that engage primarily in investment and financial planning, in addition to investment banking and asset management. Raymond James Financial has four wholly owned broker-dealers, Raymond James & Associates (RJ&A), Raymond James Financial Services (RJFS), Raymond James | Morgan Keegan, and Raymond James Limited (RJL), and Raymond James Investment Services Limited (RJIS), a majority-owned independent contractor subsidiary in the United Kingdom.
As of September 30, 2012, Raymond James has approximately 6,000 financial advisors and approximately two million accounts in 2,500 locations throughout the United States, Canada and overseas. Total client assets under management are approximately $390 billion, of which approximately $43 billion are managed by the firm’s asset management subsidiaries. Raymond James corporate headquarters is located in St. Petersburg, Florida.
On April 2, 2012, Raymond James merged with Morgan Keegan & Company. The merger created one of the country’s largest full-service wealth management and investment banking firms not headquartered in New York.
Famous quotes containing the word financial:
“For the merchant, even honesty is a financial speculation.”
—Charles Baudelaire (1821–1867)