Raymond James

Categories

Financial and Banking  
Technology  
Media and Communications  

#809

Rank

$22.46B

MarketCap US

US United States

Country

Summary

Raymond James provides a range of investment banking services focused on the telecommunications and communications sectors. The Raymond James Technology and Communications Investment Banking Group is a committed and thoughtful partner that provides a full range of investment banking services and best practices. The group is comprised of experienced professionals that have extensive investment banking expertise. They leverage the industry expertise of Raymond James' award-winning research department. 

The group focuses on key sectors within technology and communications including communications software, communication towers, defence electronics, enterprise software, internet infrastructure services, homeland security, IT services, mobile technology, semiconductors, software-as-a-service, telecommunications equipment, telecommunications infrastructure and support services, and wireless & wireline telecommunications services. 

They take pride in a client-centric approach to M&A, with a focus on delivering independent solutions that create value for the long term. The outcome of this unique approach may be seen in the successful transactions of their clients, including over 80 public offerings totalling $17 billion and over 85 strategic advisory transactions totalling over $5 billion in value since 1998.


History

1962: Bob James set out to build a different kind of financial services firm – one that put people, planning and principles first. Raymond James was founded in 1962 when St Petersburg broker, Robert James, formed Robert A. James Investments.

1964: Raymond James and Associates (RJ&A) is formed with the merger of Raymond and Associates into Robert A. James Investments.

1966: Robert James’ son, Tom James, joined the company.

1967: IM&R, established this year, served as independent financial planners.

1968: A general insurance agency, known today as Raymond James Insurance Group, was established.

1969: Raymond James Financial was officially incorporated as a holding company.

1972: Revenue topped $5 million in the fiscal year.

1973: Thomas James put his business background into high gear when the 1973-74 recession and stock market crash created havoc for small stocks and, consequently, RJF. Emphasis had to change from sales to administration and finance.

1975: Revenue began climbing again, a trend that continued for the remainder of the decade.

1976: Raymond James Asset Management, later Eagle Asset Management and today one of the firms that make up Carillon Tower Advisers, was formed.

1980: RJF's net income tops $1 million for the first time. Robert Thomas Securities was formed as an independent contractor broker/dealer.

1981: Robert Thomas Securities, established as a discount office, worked with independent stock and bond brokers.

1983: RJF completes a $14 million initial public offering. Raymond James is listed on the New York Stock Exchange, symbol RJF. Raymond James went public, and the firm’s stock was listed on the NASDAQ. Our desks stay open to help meet client's needs, resulting in our first and only unprofitable quarter since the firm went public.

1984: Herb Ehlers takes the reins at Raymond James Asset Management, which he renames Eagle Asset Management.

1987: RJ&A opens its first international office in Paris, France.

1991: The vast majority of RJF's nearly 700 offices paid their own fixed costs and overhead out of sales commissions, according to Forbes.

1992: Raymond James Trust Company was formed.

1994: RJF had established a national presence. The Raymond James Bank subsidiary forms. Raymond James Bank was founded as a savings and loan association, enhancing the firm’s offerings to include the benefits of a national charter for advisors and clients.

1997: Raymond James International Holdings, Inc. was established.

1998:  RJF purchases naming rights for Tampa stadium, the Raymond James Stadium’s opening day, September 20, 1998.

1999: The company's independent contractor subsidiaries Investment Management & Research (IM&R) and Robert Thomas Securities merged to form Raymond James Financial Services.

2000: The company's best year was 2000 when net revenue reached $125.2 million on revenue of $1.7 billion. The company partnered with Killik & Co. to launch a new brokerage firm in the United Kingdom – Raymond James Killik Limited (later Raymond James Investment Services Limited) – to provide financial planning and investment services through independent contractor financial advisors. According to Forbes, it is considered one of the Top 2000 Largest Public Companies in the world.

2001: RJF is named to the Fortune 500.

2002: Chet Heick, an executive vice president and chief recruiter for the firm's independent contractor subsidiary, was appointed RJF's first-ever COO in March. The company earned $86.3 million in revenue of $1.49 billion versus $79.3 million in 2002 on revenue of $1.51 billion.

2003: In fiscal 2003, RJF posted a 9 percent increase in profits, reversing a two-year downturn. During 2003, more than 66 percent of revenue was generated by individual clients, 22 percent from institutional sales and investment banking, 8 percent from asset management, 2 percent from Raymond James Bank, and 2 percent elsewhere.

2004: RJF posted records for sales and profits in the fiscal year.

2008: Raymond James is one of the few firms to remain stable and profitable through the economic downturn.

2009: The Bloomberg Riskless Return Ranking shows that Raymond James produced the best risk-adjusted return of nine United States brokerages, banks and advisory firms.

2010: Paul Reilly is named CEO of the company. 

2012: In April, they merged with Morgan Keegan & Company, creating one of the country's largest full-service wealth management and investment banking firms not headquartered in New York. Raymond James celebrated 50 years of taking a personal approach to long-term financial planning. The firm purchased the Canadian assets of Allied Irish Bank.

2013: Raymond James reaches its 100th consecutive quarter of profitability.

2014: Raymond James reaches its 105th consecutive quarter of profitability.

2015: Raymond James acquired The Producers Choice, LLC, a private insurance and annuity marketing company, and it's 60 associates become part of Raymond James Insurance Group.

2016: In June, it was listed as a Fortune 500 company for the first time. In September, the firm announced its acquisition of Deutsche Bank Wealth Management's US private client services unit, Alex Brown & Sons. 

2017: Continuing its tradition of giving back, Raymond James and its associates donated $49 million to charitable organizations in 2017, including $6 million to the United Way and its partner agencies. Raymond James was named to the FORTUNE 500 list for the second year in a row.

2021: As of the fiscal quarter ending September 30, the firm had delivered 135 consecutive quarters of profitability. 


Mission

“We are committed to helping individuals, corporations and institutions achieve their unique goals, while also developing and supporting successful professionals, and helping our communities prosper.”


Vision

“To create a professional team selected for their knowledge, commitment, and devotion to client service. We strive to assist all clients in attaining their financial and investment goals. We define those goals as financial confidence, independence and investment solutions.”


Key Team

Alper Cetingok (Board Member)

Alper Cetingok (Board Member)

Amanda Stevens (Board Member)

Amanda Stevens (Board Member)

Andrew Gitkin (Board Member)

Andrew Gitkin (Board Member)

Andy Zolper (Chief Information Technology Security Officer)

Andy Zolper (Chief Information Technology Security Officer)

Anne Gates (Board Member)

Anne Gates (Board Member)

Benjamin C. Esty (Board Member)

Anthea Penrose (PR Manager)

Brad Butcher (Board Member)

Bella Loykhter Allaire (EVP)

Brian Alexander (Board Member)

James Robert A. Trust (Founder)

Paul C. Reilly (Chairman and Chief Executive Officer)

Allan Bertie (Board Member)


Recognition and Awards
Fortune 500

References
Raymond James
Leadership team

James Robert A. Trust (Founder)

Allan Bertie (Board Member)

Industries

Financial and Banking

Technology

Media and Communications

Products/ Services
Banking, Communication software, Enterprise software, internet infrastructure services, homeland security, IT services, mobile technology, semiconductors, SaaS, telecommunications equipment, telecommunications infrastructure, and wireless & wireline telecommunications services.
Number of Employees
1,000 - 20,000
Headquarters
Atlanta, Georgia, United States
Established
1962
Company Type
Public Limited Company
Company Registration
SEC CIK number: 0000720005
Net Income
1B - 20B
Revenue
Above - 1B
Traded as
RJF
Social Media

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Sat Feb 24 2024
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