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 words james and/or financial:
“I hate American simplicity. I glory in the piling up of complications of every sort. If I could pronounce the name James in any different or more elaborate way I should be in favour of doing it.”
—Henry James (1843–1916)
“In full view of his television audience, he preached a new religion—or a new form of Christianity—based on faith in financial miracles and in a Heaven here on earth with a water slide and luxury hotels. It was a religion of celebrity and showmanship and fun, which made a mockery of all puritanical standards and all canons of good taste. Its standard was excess, and its doctrines were tolerance and freedom from accountability.”
—New Yorker (April 23, 1990)