Raymond James Financial
Broker-dealer Employees:12,700 AUM:$753 billion
"It's crucial to build a strong foundation of diversity and inclusion in our field — not only to leverage a variety of perspectives in support of business success, but also in better support of our associates, advisors and their clients," said Tash Elwyn, president and CEO, Raymond James & Associates.
In 2017, Raymond James increased the diversity of candidate slates for all posted positions.
Initiatives to attract new professionals include the Network for Women Advisors Second Career efforts, and diversity-focused events like the St. Pete Pride Parade. As a result, 90% of final candidate slates include women or people of color, and over half of associates hired in 2017 were diverse. At the upper management/executive level, diversity reached nearly 20% in 2017, and 30% on the board of directors in 2018.
Raymond James' Network for Women Advisors, launched by a female group over 20 years ago, has grown to more than 1,100 women. Likewise, Raymond James' Black Financial Advisors Network, initially a grassroots effort, has flourished. The firm's executive committee has also tapped 15 senior leaders for its Diversity and Inclusion Advisory Council to jumpstart and champion progress.
Contact Michele Reeves, director of diversity and inclusion, at Michele.Reeves@RaymondJames.com to learn more about the firm's diversity and inclusion initiatives.
— Vanessa Drucker