Raymond James Financial, Inc. is a diversified financial services company founded in 1962 in St. Petersburg, Florida, USA, and a public company since 1983 (NYSE: RJF; market cap $11.2bn). In March 2017, Raymond James joined the S&P 500 and was listed on the Fortune 500.

Approximately 69% of the firm’s revenue is generated by the Private Client Group, which is engaged in wealth management activities.

On 31st December 2018, Raymond James Financial reported record quarterly net revenues of $1.93 billion, up 12% over the prior year’s fiscal first quarter and 2% over the preceding quarter. Net income was $249 million for fiscal Quarter one ending December 31, 2018. Revenue growth was largely attributable to beginning the quarter with higher Private Client Group assets in fee-based accounts, as well as higher net interest income, primarily at Raymond James Bank.

Raymond James Investment Services is a wholly owned subsidiary of Raymond James Financial and part of its core Private Client Group. Raymond James has over 7,800 wealth managers located in more than 3,100 offices in the US, Canada, the UK and elsewhere overseas. These wealth managers service more than 3 million client accounts representing total assets of approximately $725 billion.

** Raymond James and RJF Stats as of 31st December 2018