- Founded: August 16, 1962 in St. Petersburg, Florida
- FY 2025 Revenue: $15.91 billion (6.6% increase from 2024)
- Employees: 19,500 (as of 2025)
- Market Cap: Approximately $33.7 billion (January 2026)
- Total Client Assets: $1.57 trillion
Raymond James Financial, Inc. is an American multinational investment bank and financial services company headquartered in St. Petersburg, Florida. The firm provides wealth management, investment banking, asset management, and banking services to individuals, corporations, and municipalities.
Raymond James operates through several segments including Private Client Group, Capital Markets, Asset Management, and Bank. The company has approximately 8,800 financial advisors serving clients across the United States, Canada, and Europe. Forbes ranks Raymond James among the Top 2000 Largest Public Companies in the world.
Raymond James Financial History
Raymond James Financial Co-founders
Raymond James Financial Competitors
Raymond James competes with major wealth management and investment banking firms. The company differentiates itself by not being headquartered on Wall Street and maintaining a focus on independent financial advisors. Like Discover Financial Services in its market, Raymond James has built its position through strategic acquisitions and organic growth.
| Company | Headquarters | Primary Business |
|---|---|---|
| Morgan Stanley | New York, NY | Investment Banking, Wealth Management |
| Charles Schwab | Westlake, TX | Brokerage, Wealth Management |
| LPL Financial | San Diego, CA | Independent Broker-Dealer |
| Edward Jones | St. Louis, MO | Wealth Management |
| Ameriprise Financial | Minneapolis, MN | Financial Planning, Asset Management |
| Goldman Sachs | New York, NY | Investment Banking, Wealth Management |
| Merrill Lynch | New York, NY | Wealth Management, Investment Banking |
| Wells Fargo Advisors | St. Louis, MO | Brokerage, Wealth Management |
| UBS | Zurich, Switzerland | Wealth Management, Investment Banking |
| Fidelity Investments | Boston, MA | Asset Management, Brokerage |
Raymond James Financial Revenue
Raymond James Financial generated $15.91 billion in revenue for fiscal year 2025. This represents a 6.6% increase from fiscal year 2024’s $14.92 billion.
The Private Client Group segment drives the majority of revenue through advisory fees and commissions from approximately 8,800 financial advisors. Similar to how PNC Financial Services Group diversifies across banking segments, Raymond James maintains multiple revenue streams across wealth management, capital markets, and banking operations.
Raymond James Financial Acquisitions
Raymond James has built much of its national presence through strategic acquisitions over several decades. The firm has completed deals in multiple U.S. states and in Canada, targeting wealth management firms, investment banking operations, and asset management companies.
The 1999 acquisition of Detroit-based Roney and Co. was the firm’s largest deal at that time. It added significant regional broker-dealer capacity and expanded the company’s footprint in the Midwest. This acquisition established a pattern of targeting established regional firms with strong client relationships.
In April 2012, Raymond James completed its acquisition of Morgan Keegan from Regions Financial Corporation for approximately $1.2 billion in cash. Morgan Keegan, founded in Memphis in 1969, had 300 offices in 20 states with 3,100 employees. This deal created one of the largest full-service wealth management and investment banking firms not headquartered on Wall Street. John Carson, Morgan Keegan’s CEO, joined Raymond James as president.
The company also acquired the Canadian assets of Allied Irish Banks in 2012, expanding its presence north of the border. In 2015, Raymond James purchased The Producers Choice, LLC, a private insurance and annuity marketing company, integrating 60 associates into Raymond James Insurance Group.
In September 2016, Raymond James acquired Deutsche Bank Wealth Management’s U.S. private client services unit, reviving the Alex. Brown brand. Alex. Brown and Sons, founded in 1800, was America’s oldest investment bank before its 1997 acquisition by Bankers Trust. In 2017, the firm purchased Reams Asset Management from UMB Financial Corporation for $172.5 million, including Scout Investments. In January 2026, Raymond James announced plans to acquire Clark Capital Management Group, a Philadelphia-based asset manager with over $46 billion in assets.
Raymond James Financial Marketcap
Raymond James Financial has a market capitalization of approximately $33.7 billion as of January 2026. The company trades on the New York Stock Exchange under the ticker symbol RJF and was added to the S&P 500 index in 2017.
FAQs
Who founded Raymond James Financial?
Robert A. “Bob” James founded the company in 1962 as Robert A. James Investments in St. Petersburg, Florida. Edward Raymond’s firm merged with James’s company in 1964 to form Raymond James and Associates.
Where is Raymond James Financial headquartered?
Raymond James Financial is headquartered in St. Petersburg, Florida. The company maintains its corporate campus in the Tampa Bay area, where Bob James first established the firm in 1962.
When did Raymond James go public?
Raymond James went public in 1983 with a $14 million initial public offering. The stock was initially listed on NASDAQ and later moved to the New York Stock Exchange under the ticker symbol RJF.
How many financial advisors does Raymond James have?
Raymond James has approximately 8,800 financial advisors serving clients across the United States, Canada, and overseas. The firm employs about 19,500 people in total.
What services does Raymond James Financial offer?
Raymond James offers wealth management, investment banking, asset management, and banking services. The company serves individual investors, corporations, and municipalities through multiple business segments.
