Office address: 880 Carillon Parkway, St. Petersburg, FL 33716
Website: raymondjames.com
Year established: 1962
Company type: financial services
Employees: 19,000+
Expertise: wealth management, investment banking, asset management, equity research, retirement planning, estate planning, insurance solutions, banking and lending, institutional services, private wealth management
Parent company: Raymond James Financial
Key people: Paul Shoukry (CEO), Chris Aisenbrey (CHRO), Bella Allaire (chief administrative officer), James Bunn (president), Vin Campagnoli (EVP), Scott Curtis (COO), Butch Oorlog (CFO)
Financing status: corporation
Raymond James is a financial services firm based in St. Petersburg with about $1.73 trillion in client assets as of 2025. The company provides asset management, wealth management, and investment banking through about 8,900 financial advisors. It uses a client-first approach, long-term planning, and has achieved 151 quarters of consecutive profitability.
The company was founded in 1962 by Bob James, a financial professional who wanted to value careful planning and put clients first. The firm grew quickly, and by 1964, the name Raymond James & Associates was chosen to honor a business deal with Edward Raymond.
Tom James, Bob James’ son, joined the firm after graduating from Harvard. He helped guide the company through tough times and even sold his rare coin collection to keep the business afloat during the 1970s.
Raymond James kept growing in the 1970s and 1980s by:
The company survived economic downturns and celebrated its first year with over $1 million in net income in 1980. In 1983, Raymond James went public with a $14-million IPO, though the celebration was bittersweet due to Bob James’ death that same year.
The 1990s and early 2000s brought big changes. Raymond James Bank was founded in 1994, and the company expanded overseas with offices in Paris and Geneva. The firm made its largest acquisition in 1999 by adding Roney & Co. and merged its independent contractor subsidiaries. Raymond James also began offering online trading and partnered with Killik & Co. to launch a UK brokerage.
The company showed strength during the 2008 recession by relying on its own revenue and not seeking government help. In 2010, Paul Reilly became CEO, and Tom James stayed on as chairperson.
The firm marked its 50th anniversary in 2012. It also joined forces with Morgan Keegan and became one of the largest wealth management firms outside Wall Street.
In recent years, Raymond James has made several strategic acquisitions, including The Producers Choice in 2015 and Charles Stanley in 2022. The company also responded to the COVID-19 pandemic by donating $1.5 million to relief efforts.
By 2025, Raymond James had become a top destination for financial advisors seeking independence and stability. The firm’s hands-off approach to advisors’ clients helped drive strong recruiting from direct competitors.
To strengthen its private credit business, Raymond James Financial also took a majority stake in GreensLedge Holdings, a boutique investment bank. This move expanded its capabilities in structured credit and securitization.
Raymond James provides financial products and services that are tailored to individuals, families, businesses, and institutions:
Raymond James also provides timely market insights and research to help clients make informed decisions. Their advisors focus on personalized strategies and long-term planning.
According to Raymond James, the company supports advisors and believes they know their clients best. The firm states that it leads with an advisor-focused culture. Its core values include:
The company also aims to create a rewarding workplace and offers a range of benefits. These include:
The firm reports a focus on giving back through programs like the Ready for School Mission and LiFT Academy. Raymond James invests time and resources to help students, including those with neurodiversity, reach their goals.
Paul Shoukry is CEO and board member at Raymond James Financial and also serves on several nonprofit boards. He was previously president of the company and has held other leadership roles. He holds degrees from the University of Georgia and Columbia University.
Helping Shoukry lead Raymond James is the executive team, which include:
The leadership team values steady planning and careful decision-making. Their approach keeps the focus on clients and long-term results.
Raymond James posted record earnings for the quarter ending September 30, 2025 by expanding its advisor network. The firm added nearly $63 billion in recruited client assets, which support new business and client needs. These results show the firm’s focus on long-term growth and stability for its clients and future.
Raymond James also continued to grow its independent channel despite losing a $1.3 billion advisor team to Concurrent. The firm still attracted professionals from Wells Fargo, UBS, and Northwestern Mutual who managed hundreds of millions in client assets. These additions may help strengthen the company’s independent channel and bring more expertise to its clients.
Raymond James' indie channel also added a veteran planner from Osaic, while a group of Morgan Stanley breakaways joins a Commonwealth-affiliated firm in Pennsylvania.
This week alone, Raymond James said it has recruited four Commonwealth teams with $1.08 billion in assets.
Commonwealth loses more advisors to Raymond James' independent channel
Also, Raymond James transitions its asset management leadership, while US Bank names president of affluent wealth division.
Elsewhere, Raymond James attracts more Commonwealth teams, Wells Fargo adds nearly $1 billion with UBS and JPMorgan defections, and Baird welcomes a veteran advisor from Edelman.
Raymond James also kept its Commonwealth recruitment streak going, while Americana Partners and Pallas Capital Advisors each hired a veteran specialist advisor to boost their offerings.
RBC has also lured a billion-dollar advisor from JPMorgan, while Raymond James and Osaic reel in more ex-LPL advisors.
Ameriprise and Wells Fargo's FiNet have also scored recent wins with additions from LPL, Morgan Stanley, and Ziv.
Also, MAI Capital and Carson Group have expanded their footprints in Florida, Ohio, and Illinois with new RIA partners
In Solving the advisor talent crisis before it hits, Todd Bryant, CFP® of Signature Wealth Partners warns that without urgent action on succession planning, technology, and next-gen talent, the looming shortage of 70,000 advisors could leave clients underserved and the industry’s reputation at risk.
Meanwhile, LPL welcomes a $400 million planning-focused team from Edward Jones in southeast Missouri.
The latest breakaways, including an elite Colorado group that reported $1.25 billion at UBS, add to the wirehouse's continuing retention woes.
After finishing second to acquire Commonwealth, Raymond James has come out swinging.
Analysts say the president's call for a six-month reporting schedule, which he first suggested in 2018, would increase uncertainty even as it reduces the burden for public companies.
Ameriprise has also added a $130 million advisor from PNC, while a former pro golfer from LPL takes to Cetera's tax-focused community, Avantax.
