RAYMOND JAMES & ASSOCIATES

Raymond James & Associates is a financial and investment banking services company that is headquartered in St. Petersburg, Florida and can trace its history back to 1962. Robert A. James Investments was founded by Robert James in 1962 and Raymond & Associates was founded by Edward Raymond in 1963. In 1964, when the two companies were just getting started, the two would merge and form the currently company known as Raymond James & Associates. The company would grow under the leadership of Tom James, the son of Robert James, and become a publicly traded company by 1983. Tom James continued his leadership of the firm for four decades before turning over the CEO position to Paul Riley in 2010. In 2012, the company would merge with Morgan Keegan & Company, creating one of the largest wealth management and investment banking firms in the country. Raymond James & Associates currently operates under Raymond James Financial, its parent holding company, and acts as one of its three wholly owned broker dealers with the other two being Raymond James Financial Services and Raymond James Limited and Raymond James Investment Services Limited. The holding company has over 2.6 million accounts in its client base that are taken care of by over 6,400 financial advisors and 2,600 locations located in North America and internationally. It has a total of over half a trillion in assets under management and brings in almost 5 billion revenue annually. The company operates its business through four major segments, including the Private Client Group, Capital Markets, Asset Management Group, and Raymond James Bank, among others. Some of the products and services Raymond James & Associates offers include alternative investments, banking and lending, fixed income, investment banking, equity research, trust and estate planning, and mutual funds, which covers over 9,000 open ended mutual funds, among others. The company’s portfolio offerings include the Freedom ETF Account, UMA Account, Mutual Fund Account, and Retirement Account.