Chart - you can draw at the chart
Starting Amount
$
After
years
Dividend yield
%
Dividends reinvested
$
Raymond James Financial, Inc.
Type
Public
Traded as NYSE: RJF
S&P 500 Component
Industry Investment services
Founded 1962; 55 years ago (1962)
Founder Robert James
Headquarters St. Petersburg, Florida, United States
Key people
  • Tom James (Chairman Emeritus)
  • Paul Reilly (Chairman and CEO)
Products Financial services, securities and insurance brokerage, investment banking, asset management, banking and cash management, trust services.
Revenue Increase 6.37 billion USD (2017)
Net income
Increase $636.3 million USD (2017)
Website www.raymondjames.com

Raymond James Financial is an American 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 was founded in 1962 when St. Petersburg broker, Robert James, formed Robert A. James Investments. In 1964, the company merged with Raymond & Associates, founded by Edward Raymond in 1963, to form Raymond James & Associates. Robert James' son, Tom James, joined his father's company in 1966 and assumed leadership of the firm in 1970. The firm initially planned to go public in 1969, but market conditions delayed its plan until 1983. Tom turned over the CEO's post to Paul Reilly in 2010, and transitioned his title as Chairman of the Board to Paul Reilly in 2016. Tom still remains on the leadership team as Chairman Emeritus.

In 2012, the firm purchased the Canadian assets of Allied Irish Bank. In April 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.

In January 2013, the firm reported 100 consecutive quarters of profitability.

In June 2016, Raymond James was listed as a Fortune 500 company for the first time.

In September 2016, Raymond James announced its acquisition of Deutsche Bank Wealth Management's US private client services unit, Alex. Brown.

As of October 2017, Raymond James has 7,300 financial advisors in more than 3,00 locations throughout the United States, Canada and overseas. Total client assets under management are approximately $693 billion. Raymond James corporate headquarters is located in St. Petersburg, Florida.

Raymond James Financial has three wholly owned broker-dealers, Raymond James & Associates (RJ&A), Raymond James Financial Services (RJFS) and Raymond James Limited (RJL); and Raymond James Investment Services Limited (RJIS), a majority-owned independent contractor subsidiary in the United Kingdom. Through Eagle Asset Management, the firm manages $56 billion in assets mostly for institutions, as of October 2013.

Raymond James has four main lines of operation: private client group, capital markets, asset management group, and banking.

In 2004, the SEC fined Raymond James $6.9 million for failure to supervise former broker Dennis Herula. Herula was accused of participating with others in a Ponzi scheme that raised about $44.5 million from investors in 1999-2000. Herula himself raised about $16.5 million of investor funds, most of which was later transferred to his wife's brokerage account at Raymond James. He was arrested in Bermuda and pleaded guilty to criminal charges of wire fraud and sentenced to 188 months in jail.

In 2005, the National Association of Securities Dealers fined Raymond James $2.75 million for lax supervision of producing branch managers. The investigation began with one Raymond James manager, who worked from an office in her Wisconsin home, handling approximately 700 accounts and selling mainly mutual funds and variable annuities. The Wisconsin manager was accused of selling unsuitable aggressive mutual funds and variable annuities over a four-year period.

On June 29, 2011, Raymond James announced an agreement to repurchase at par auction rate securities (ARS) sold to clients through its domestic broker/dealer subsidiaries prior to February 13, 2008. The agreement—reached with the Securities and Exchange Commission and with state securities regulators led by Florida and Texas—resolved more than three years of investigation related to activity in the ARS market. Without admitting or denying the allegations, the firm also agreed to pay a fine totaling $1.75 million to the state regulators, but was not fined by the SEC.

As a result of this agreement, a pre-tax charge of $45 million was recorded in the quarter ending June 30, 2011. This charge was a result of an estimate of the current fair value of the securities to be repurchased by the company being less than their par value. It is expected that the ultimate realized loss will be substantially less as issuers refinance or redeem these securities, interest rates rise and/or collateral values improve.

Raymond James sold $2.3 billion worth of ARS, underwrote $1.2 billion, and was the auction dealer for over $725 million. Since the $330 billion market for ARS crashed in 2008, at least 19 underwriters and broker-dealers were sued in class action suits.

In September 2011, the Financial Industry Regulatory Authority ordered Raymond James & Associates, Inc. and Raymond James Financial Services, Inc. to pay restitution of $1.69 million to 15,500 of their clients for charging excessive commissions on more than 27,000 securities transactions. The trades were made in client accounts between 2006 and 2010.

FINRA also fined RJA $225,000 and RJFS $200,000.

Investment goal date:
Dividends reinvested
Raymond James Financial, Inc. RJF report Q4 2017
Period
Date
Adjusted Actuals EPS
GAAP EPS
Q2 2018
2018-04-22
--
--
Q1 2018
2018-01-23
--
--
Q4 2017
2017-10-25
1.4700
1.3100
Q3 2017
2017-07-26
1.2600
1.2400
Q2 2017
2017-04-26
1.2800
0.7700
Q4 2016
2016-10-26
1.2800
1.1900
Q3 2016
2016-07-20
0.9300
0.8700
Q2 2016
2016-04-20
0.9000
0.8700
Q1 2016
2016-01-20
0.7300
0.7300
There is presents forecasts or rating agencies and recommendation for investors about this ticker
Funds
Fund Name
Ticker shares
Bank of New York Mellon Corp
4730892
BlackRock Fund Advisors
5245064
BlackRock Inc.
8358285
BlackRock Institutional Trust Company, N.A.
4261108
Boston Partners
5437723
EARNEST PARTNERS LLC
2165864
FRONTIER CAPITAL MANAGEMENT CO LLC
2190085
GOLDMAN SACHS GROUP INC
1514373
JPMORGAN CHASE & CO
3375441
PRUDENTIAL FINANCIAL INC
1559596
STATE STREET CORP
5930879
THRIVENT FINANCIAL FOR LUTHERANS
1474808
Vanguard Group, Inc
12571840
WELLINGTON MANAGEMENT CO LLP
1722732
WELLS FARGO & CO/MN
2556283
Major Shareholders
Name Relationship
Total Shares
Holding stocks
ACKART JENNIFER C
0.0100% (15867)
RJF /
HELCK CHESTER B
0.0800% (111975)
RJF /
JULIEN JEFFREY P
0.0400% (57391)
RJF /
GODBOLD FRANCIS S
0.1400% (198000)
RJF /
ZANK DENNIS W
0.1000% (140218)
RJF /
JAMES THOMAS A
0.4700% (662754)
RJF /
TROCIN JEFFREY E
0.1200% (162724)
RJF /
SIMMONS HARDWICK
0.0400% (50706)
LGF / RJF /
STORY SUSAN N
0.0100% (20714)
AWK / D / RJF /
REILLY PAUL C
0.0700% (100970)
RJF /
Edwards Jeffrey N
0.0100% (8257)
RJF /
Matecki Paul
0.0200% (33947)
RJF /
Esty Benjamin
0.0100% (7557)
EVV / RJF /
Saltzman Robert
0.0100% (20357)
RJF /
Raney Steven M
0.0200% (25899)
RJF /
Broader Shelley G.
0.0100% (17857)
CHS / RJF /
Allison Paul D
0.0200% (23581)
RJF /
Johnson Gordon L
0.0100% (13087)
RJF /
Carson John C Jr.
0.0400% (51400)
RJF /
Allaire Bella Loykhter
0.0300% (37513)
RJF /
Dowdle Jeffrey A
0.0300% (44595)
RJF /
Curtis Scott A
0.0400% (54176)
RJF /
% ()