In the News
Raymond James Rising
On Wall Street | Wednesday, February 01, 2012
New RJA President Tash Elwyn discusses his new role, his past experience and the Morgan Keegan acquisition. "Raymond James and Morgan Keegan are focused on where we going to be six to 12 years from now and not six to 12 months from now," Elwyn said.
Raymond James Execs Court Morgan Keegan Advisors
AdvisorOne | Wednesday, January 18, 2012
Raymond James hosted meetings between its top executives and 80-plus Morgan Keegan branch managers and administrative staff. “These meetings have helped to show our managers that Raymond James is run a lot like Morgan Keegan,” said Bill Geary, head of the private-client group for Morgan Keegan. “We’re confident that Raymond James offers the kind of environment where our financial advisors can be very successful.”
Raymond James Financial Advisors Get Social
Forbes | Monday, December 26, 2011
Financial advisors at Raymond James are now able to use social media tools including LinkedIn, Facebook and Twitter through the Actiance compliance tool, Socialite. Advisors also have optional access to a library or pre-approved content and tools to measure engagement.
How Some RIAs are Starting to End Up with Raymond James as Their Custodian
RIABiz | Thursday, December 22, 2011
Raymond James recently lured RIAs from Harold C. Brown & Co., a Buffalo, N.Y.-based broker-dealer that is closing its doors after 80 years.
Raymond James Picks Up Four New RIA Firms
Investment News | Thursday, December 15, 2011
Raymond James’ custody unit has picked up four new RIA firms with more than $400 million in assets. The additions made December the best recruiting month ever for its custody unit, said Mike DiGirolamo, head of the investment adviser division.
Broker Report Card 2011: Raymond James Takes Top Spot
Registered Rep | Thursday, December 01, 2011
Raymond James & Associates took first place in Registered Rep.'s annual broker report card survey for the second year in a row, relegating Edward Jones once again to second place. Their advisors are clearly pretty happy where they are, with 93.1 percent saying they will very likely still be working for the firm two years from now, the highest percent of FAs compared with the rest of the firms.
Raymond James Taps New Heads of Independent, Employee Units
AdvisorOne | Monday, November 28, 2011
Raymond James has named a new executive to run its independent-advisor channel as Dick Averitt prepares to retire, and a new head for its employee-advisor channel, as Dennis Zank moves into the COO slot at the parent company. Scott Curtis will assume the role of president of Raymond James Financial Services (now led by Averitt) and managing director of its independent-contractor division, and Tash Elwyn will become president of Raymond James & Associates’ private-client business, which is currently headed by Zank.
Raymond James Expands Executive Ranks
Financial Advisor Magazine | Monday, November 21, 2011
Raymond James has appointed four executives in information technology and operations. "These recent appointments underscore Raymond James' client-first philosophy," COO Chet Helck said.
Raymond James makes its social-media move
Investment News | Sunday, November 20, 2011
Raymond James Financial Inc. has become the latest financial services firm to help minimize the compliance barrier to wider use of social media.
Raymond James Hopes New Training Program Will Appeal to Women
Registered Rep | Monday, November 14, 2011
Raymond James recently launched a two-year, mentor-type training program for new advisors, and it hopes the program will be more conducive to attracting and retaining women, although the program is not solely targeting women. Raymond James’ entire advisor force is about 17 percent women, but the inaugural class of the Advisor Mastery Program is already 34 percent female.
Raymond James Gets Social Media Right
The Wall Street Journal | Thursday, November 10, 2011
“It sounds as if Raymond James and Actiance have struck the perfect balance between compliance and social–which are naturally at odds with each other. It seems to provide pre-approved and crowd-sourced content for those less experienced with social media while at the same time providing flexibility for those more comfortable with social media platforms.”
Raymond James allows financial advisers to go social
Dow Jones Newswires | Wednesday, November 02, 2011
Raymond James's advisers are now allowed to use Twitter, LinkedIn and Facebook. Raymond James will be using a platform from content management firm Actiance, which will ensure compliance with Financial Industry Regulatory Advisory regulations. Advisors will also be able to use pre-approved and pre-written messages or create their own, which will be filtered and checked for language and content before going live.
Raymond James to ramp up custody unit
Investment News | Monday, October 24, 2011
Raymond James is taking steps to boost the profile of the firm's custody unit, and hinted at things to come. In the works are a pricing revamp that will cut trading costs for advisors' clients, and a no-transaction-fee exchange-traded-fund program.
Raymond James Hires Morgan Stanley Advisor in Texas
On Wall Street | Monday, October 03, 2011
Cheryl Peschke has moved to Raymond James from Morgan Stanley Smith Barney after finding the firm's values were a match for her practice. “I chose Raymond James because it is a successful, conservatively managed firm that cares about its clients first and offers its advisors great support,” Peschke said.
At Women’s Symposium, Raymond James to Boost Training, Women’s Programs
AdvisorOne.com | Friday, September 23, 2011
Raymond James (RJF) executives discussed a new training program, series of women’s conference and other steps to keep the company on a controlled growth path during the firm’s annual Women’s Symposium being held in St. Petersburg, Fla.
Raymond James Hires Four-Member Baird Team
Financial Planning | Friday, September 16, 2011
Raymond James has hired a four-member financial advisor team that was previously producing more than $3.6 million in annual fees and commissions at Robert W. Baird & Co. The team, based in Peoria, IL, now operates under the name Hilltop Wealth Management at Raymond James, targeting clients including business owners, corporate executives, families, institutional clients and physicians
Three Make Barron’s Top 100 Independent Financial Advisors List
Barron’s | Tuesday, August 30, 2011
Congratulations to Gerry Klingman (No. 78), Mal Makin (No. 83) and Van Pearcy (No. 84). This is the fourth consecutive year these three advisors have made this prestigious list. One of Barron’s four annual lists of top advisors, this ranking of independent advisors is based on assets under management, revenue generated for an advisor's firm and quality of practice.
Raymond James Expands with New Boston Branch
FINS.com | Tuesday, August 30, 2011
Raymond James has hired three former wirehouse brokers to establish a new office in Hingham, Mass. Gary McGovern, John Flaherty and Frank McDonnell come to Raymond James as senior vice presidents
Raymond James Adds HNW Advisor from UBS
AdvisorOne.com | Friday, August 19, 2011
Raymond James Financial Services, the independent broker/dealer of Raymond James, added financial advisor Troy H. LeBlanc to a branch office in Baton Rouge, LA. Before joining Raymond James, LeBlanc spent the last spent eight years as a senior vice president at UBS Financial Services.
Raymond James Financial Services, the independent channel of Raymond James (RJF), added financial advisor Troy H. LeBlanc, formerly of UBS, to a branch office in Baton Rouge, La., the company said early Friday.
Raymond James Hires BofA Merrill Lynch Team With $114M in Assets
On Wall Street | Wednesday, August 17, 2011
Robert “Bob” Brooks officially joined Raymond James in Tallahassee, Fla. on July 22, along with his financial advisor son Wyatt Brooks, who has worked for him for 13 years. Together, they previously oversaw $114 million in client assets and had more than $600,000 in annual fees and commissions.
America’s Top 100 Independent B/D Advisors
Registered Rep | Monday, August 01, 2011
Twenty-four Raymond James advisors were named to Registered Rep.’s list of America's Top 100 Independent Broker/Dealer Advisors. More advisors were recognized from Raymond James than any other firm
Raymond James Exec Upbeat on FA Growth
AdvisorOne.com | Thursday, July 28, 2011
Raymond James expects its advisor headcount to continue to expand this year, generally through the hiring of individual advisors and teams, according to Dennis Zank, president of Raymond James & Associates, the firm’s employee-advisor broker/dealer.
Raymond James Nabs $500 Million Morgan Stanley Team
On Wall Street | Tuesday, July 26, 2011
Raymond James announced it recruited a $500 million team from Morgan Stanley Smith Barney. The wealth management team of Thomas A. Seiler and his brother Patrick M. Seiler joined the Newtown, Pa., office of Raymond James, according to Dennis Zank, president of Raymond James & Associates, the employee broker/dealer of Raymond James.
Raymond James Advisor Count Up Amid Tough Recruiting Environment
Registered Rep | Thursday, July 21, 2011
Raymond James added 20 advisors in the U.S. during the fiscal third quarter despite a tough recruiting environment for regional firms. CEO Paul Reilly said the firm was helped by its acquisition of brokerage firm Howe Barnes Hoefer & Arnett Inc. at the beginning of the quarter, but retention packages keeping advisors at other firms did affect advisor growth.
Raymond James' Elwyn on FAs and Satisfaction of Volunteering: Weekend Interview
AdvisorOne.com | Friday, June 17, 2011
Tash Elwyn, the head of Raymond James’ employee-advisor division in the Atlantic region, just wrapped up organizing the first Raymond James Cares Month. The effort included almost 300 volunteers from 15 branch offices in an equal number of states, who dedicated more than 1,000 hours to helping their communities.
Top 100 Women Financial Advisors 2011
Barron's | Monday, June 06, 2011
Raymond James advisors Judith McGee, Margaret Starner, Lynn Faust and Sherri Stephens were named to Barron’s 2011 list.
2011 Broker Survey: Ranking the Full-Service Contenders
SmartMoney | Tuesday, May 10, 2011
Raymond James beat out six national full-service brokerage firms, including Edward Jones, to be ranked first in SmartMoney's annual Broker Survey.
Raymond James to focus on growth rather than mergers and acquisitions
Investment News | Monday, May 09, 2011
Company officers made it clear that they are more interested in expanding the firm organically than by acquisition. In fact, Raymond James would need to find a perfect fit for them to do a deal.
Raymond James Hires MorganStanley Team in Southern California
Financial Planning | Monday, May 02, 2011
Raymond James & Associates has hired a three-person team from Morgan Stanley in Westlake Village, California.
Raymond James Tops Estimates in Second Quarter
On Wall Street | Thursday, April 21, 2011
Raymond James Financial topped analysts' second-quarter sales and earnings estimates Wednesday, posting a profit of $80.9 million, or 64 cents a share, on sales of $852 million.
Raymond James Hires Two From Morgan Stanley
On Wall Street | Monday, April 18, 2011
Raymond James announced the hiring of two financial advisors - Martin Gelb and Sonya Gelb Choeff. The father-daughter team joined the new Miami Beach branch of Raymond James.
Raymond James Completes Acquisition
Financial Planning | Monday, April 04, 2011
Raymond James Financial has completed its acquisition of Howe Barnes Hoefer & Arnett, Inc. The acquisition extends Raymond James’ capital markets reach within the financial institutions segment. Also, Raymond James will take over private wealth management for more than 5,000 clients with more than $1.7 billion in assets under management.
Weapons of Mass Instruction
Research Magazine | Friday, April 01, 2011
Three years ago Raymond James created a program consisting of personal coaching, invitation-only workshops and a robust website with more than 300 practice management tools. David Lee, director of practice management for Raymond James Financial Services, has a term for this: Weapons of Mass Instruction.
On Wall Street Announces Annual Top 10 Branch Managers
On Wall Street | Monday, March 21, 2011
Michael Hines and Thomas Walrond of Raymond James are recognized as top branch managers of the year.
Raymond James Adds Two UBS Advisor To S.C. Office
On Wall Street | Tuesday, March 08, 2011
Raymond James & Associates has added two financial advisors from UBS to its Mount Pleasant, S.C., office. Roy Seay and Carolyn Edwards, who together managed $125 million in client assets, will operate as the Seay/Edwards Group.
Raymond James Named One of the World’s Most Admired Companies
Fortune | Monday, March 07, 2011
Raymond James was ranked as the fourth most admired securities company in the world.
Compensation 2011
On Wall Street | Tuesday, March 01, 2011
For the 5th year in a row Raymond James & Associates had the highest payout in the industry for million-dollar producers.
Past performance may not be indicative of future results.
The Wall Street Journal does not endorse, sponsor or approve the investment programs of Raymond James. The Wall Street Journal survey identifies the top five analysts across various industry categories, basing the awards on stock-picking skill. Calculations for the “Best on the Street Analysts Survey” were performed by FactSet Research Systems Inc.
Calculations for the Forbes “Blue Chip Analyst” survey were performed by Zacks Investment Research. Zacks ranked the analysts on their stock-picking skills and earnings estimation accuracy over a three year period.