# Raymond James Financial

Raymond James Financial is a Bank / Wealth / Trust based in Saint Petersburg, United States.

## Overview

- **Organization type:** Bank / Wealth / Trust
- **Headquarters:** Saint Petersburg, United States
- **Region:** North America
- **Address:** St. Petersburg, FL, United States
- **Founded:** 1962
- **Assets under management:** Undisclosed
- **Website:** raymondjames.com
- **LinkedIn:** https://www.linkedin.com/company/wood-asset-management-llc
- **Wikidata:** Q7298901

## About

Raymond James Financial is an SEC-registered investment adviser in SAINT PETERSBURG, FL, registered since 2008. The firm manages $390.0 billion in regulatory assets, $171.7 billion on a discretionary basis. It has 9675 employees and 6024 investment advisers.

## Sectors

- Wealth Management
- Capital Markets
- Asset Management
- Banking

## People

- Paul Reilly — Chair and Chief Executive Officer
- Paul Shoukry — President and Chief Financial Officer

## Questions

### How is Raymond James structured differently from a wirehouse like Merrill or Morgan Stanley?

Raymond James operates a dual-channel advisor model with both employee advisors and over 4,800 independent contractor advisors. Wirehouses generally use a single W-2 employment model. This structure lets Raymond James capture both traditional full-service advisors and breakaway teams who want independence but need institutional custody and technology (per the firm, 2023).

### What is Raymond James's position in investment banking?

The Capital Markets division focuses on middle-market M&A advisory, equity underwriting, and fixed-income trading. It served as a lead underwriter on Palantir Technologies's 2020 direct listing and has been expanding its New York presence to move into upper-middle-market transactions (per the firm and public record, 2020).

### How does Raymond James source lending and banking opportunities?

Raymond James Bank leverages the advisor network to originate residential mortgages and securities-based loans for wealth management clients, while a specialized corporate lending team targets middle-market commercial borrowers. The bank's credit book is funded largely by client deposits swept from brokerage accounts.

### How does Raymond James approach advisor succession and recruitment?

The firm uses a practice acquisition and transition program that allows retiring advisors to sell their books of business to next-generation advisors within the firm. This internal succession pipeline is paired with aggressive external recruiting from competing wealth managers, using the independent contractor channel as a differentiator.

## Related profiles

- [RATP](https://altss.com/profile/ratp)
- [Raymond James Financial Services Advisors](https://altss.com/profile/raymond-james-financial-services-advisors-rjfsa)

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Last updated: 2026-06-03T20:00:00.000Z

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