RAYMOND JAMES FINANCIAL INC

Raymond James Financial, Inc. (NYSE: RJF) is a leading diversified financial services company providing comprehensive wealth management, investment banking, capital markets, and banking services to individuals, corporations, and municipalities. Founded in 1962 and publicly traded since 1983, the firm operates predominantly in the United States with additional operations in Canada, the United Kingdom, and other parts of Europe.

The company operates through five reportable segments. The Private Client Group generates the largest revenue contribution, providing financial planning, investment advisory, and securities transaction services through a network of 8,943 employee and independent contractor financial advisors. This segment manages $1.67 trillion in client assets under administration, of which $1.01 trillion are fee-based accounts. The Capital Markets segment conducts investment banking, institutional sales, securities trading, equity research, and affordable housing investments. The Asset Management segment provides portfolio management and investment services to retail and institutional clients, overseeing substantial assets under management. The Bank segment operates Raymond James Bank and TriState Capital Bank, offering securities-based loans, corporate loans, residential mortgages, and FDIC-insured deposit accounts. The Other segment includes corporate investments and overhead costs.

As of September 30, 2025, Raymond James employed approximately 19,500 associates and 5,065 independent advisors across its global operations. The firm maintains significant scale with $65.26 billion in total bank assets and serves as a bank holding company and financial holding company subject to Federal Reserve supervision.

The company's business model emphasizes client-first values, long-term decision-making, and maintaining a values-based culture. Raymond James competes on the basis of associate quality, service excellence, technology platforms, product selection, and local market reputation. The firm offers multiple affiliation options for financial advisors through its AdvisorChoice program, including traditional employee arrangements, independent contractor models, and custody services for third-party registered investment advisors. This diversified approach to advisor relationships, combined with comprehensive product offerings and integrated banking capabilities, provides Raymond James with competitive advantages in attracting and retaining both advisors and clients across multiple market segments.