Raymond James & Associates, Inc. (St Petersburg)

Name: Raymond James & Associates, Inc.
Address: 880 Carillon Parkway, St Petersburg, FL, 33716
Telephone: 727-567-1000

Raymond James & Associates, Inc. is a large advisory firm based in St Petersburg. It manages $176.06 billion of regulatory assets for 591,180 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of Alabama, Alaska, Arizona, and 49 other states.

Raymond James & Associates provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, pension consulting services, selection of other advisers, and non-discretionary advisory services, asset allocation, hourly & fixed rate consultations. It prepares financial plans for approximately 1,000 clients. On top of advisory services, the firm doesn't engage in other business activities.

Raymond James & Associates: assets under management

The assets under management (AUM) of Raymond James & Associates, Inc. is $176.06 billion. The firm's AUM has grown by 1182% since the beginning of its operation, and $2.22 billion of the total AUM is attributable to clients outside of the United States.

The firm manages $136.24 billion in discretionary accounts and $39.82 billion in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $269.47 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $465.1 thousand.

Raymond James & Associates has custody of $174.94 billion in cash and securities for 317,335 clients in total and acts as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 42% of the total AUM. The second-largest asset type is investment and business development companies, which make up 38% of the firm’s portfolio. Investments in non-exchange traded securities form 5% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Raymond James & Associates, Inc. for their services and products based on a percentage of assets under management, hourly charges, fixed fees, and commissions. Hourly charges are usually charged for consulting work and special projects. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Thomas Alan James serves?

The firm provides services to individuals, insurance companies, charitable organizations, high net worth individuals, banking or thrift institutions, corporations or other businesses, pension and profit sharing plans, and state or municipal government entities. The largest group of clients of Thomas Alan James is high net worth individuals with 33,636 clients and $84.81 billion of assets under management. Among the 8 most similar advisory firms, Raymond James & Associates has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $176.06 billion for 317,932 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.

Raymond James & Associates doesn't advise any private funds.

Careers at Raymond James & Associates, Inc.

The company employs 14,205 people that are either part- or full-time employees. 30 percent of the employees work as investment advisers or researchers. 4,329 employees are registered as investment adviser representatives with the state securities authorities.

There are 173 people with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Thomas Alan James has been acting as President since 1 Jan 1972. Jennifer Carol Ackart joined the executive team most recently as the Chief Financial Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Thomas Alan James	Director/chairman of the board	1 Jan 1972	Other	257119
Inc. Raymond James Financial	Holding company	1 Feb 1972	75% - 100%	59-1517485
Robert Fletcher Shuck	Executive vice president/director	1 Feb 1972	Other	422862
Joseph Paul Tuorto	Chief compliance officer/srop/sdrop	1 Jul 1980	Other	1006249
Paul Louis Matecki	Chief legal officer / secretary	1 Jun 1989	Other	1173122
Thomas Stanley Franke	Chief operating officer/president/director	1 Jan 1991	Other	212889
Lynn Pounds Pippenger	Sr vice president/director/secretary	1 Apr 1997	Other	363987
Dennis William Zank	Executive vice president/principal operations officer/financial officer	1 Apr 1997	Other	871971
Thomas Robert Tremaine	Sr vice president operations & administration	1 Nov 1998	Other	1524109
Richard Bonafield Franz	Vice president/treasurer	1 Nov 1998	Other	1402348
Francis Stanley Godbold	Executive vice president	1 Mar 2002	Other	223782
Dennis William Zank	President/chief operating officer/principal operations officer/financial officer	1 Oct 2002	Other	871971
Chester Bee Helck	Director	1 Feb 2003	Other	1110651
Richard Bonafield Ii Franz	Chief financial officer	1 Oct 2003	Other	1402348
Richard Bonafield Ii Franz	Chief financial officer/treasurer	1 Jan 2004	Other	1402348
Jeffrey Paul Julien	Director	1 Jan 2004	Other	1453432
Robert Fletcher Iii Shuck	Executive vice president	1 Jan 2004	Other	422862
Lynn Pounds Pippenger	Sr vice president/secretary	1 Jan 2004	Other	363987
Thomas Robert Tremaine	Executive vice president, director	1 Jan 2004	Other	1524109
Kip Mark Carevic	Chief compliance officer/srop/sdrop	1 Apr 2004	Other	2152881
Dennis William Zank	Chief executive officer/director	1 May 2004	Other	871971
Thomas Robert Tremaine	Executive vice president, director, chief operations officer	1 May 2004	Other	1524109
Robert Christopher Eckardt	Ria chief compliance officer	1 Jul 2004	Other	2690603
James Randolph Jr Rankin	Srop/sdrop	1 Jul 2004	Other	1566811
Liza Caroline Baceols	Crop	1 Apr 2006	Other	3170850
Trudy Lynn Albingerbixby	Chief operations officer	1 Oct 2007	Other	2179956
Efstratios Michael Serbanos	Chief compliance officer	1 Oct 2011	Other	2267667
Tashtego Spring Elwyn	President - private client group	1 Jan 2012	Other	2319098
Tashtego Spring Elwyn	President - private client group/director	1 Feb 2014	Other	2319098
John Michael Ivan	Chief compliance officer	1 Jan 2016	Other	1292150
Jonathan Santelli	Chief legal officer / secretary	1 May 2016	Other	6306997
Vincent John Campagnoli	Chief information officer	1 Jun 2016	Other	1421076
Gerald Haig Ariyan	President, alex. brown division	1 Sep 2016	Other	2326282
Shawn Joseph Barko	Chief compliance officer	1 Dec 2017	Other	2690394
Christopher S Thurston	Ria chief compliance officer	1 Feb 2018	Other	3112696
Marshall Farrokh Ollia	Principal financial officer / finop	1 Apr 2018	Other	3195972
Paul Marone Shoukry	Treasurer	1 Apr 2018	Other	5804809
Tashtego Spring Elwyn	President - chief executive officer	1 Jun 2018	Other	2319098
Jennifer Carol Ackart	Chief financial officer	1 Mar 2019	Other	2568287

Indirect Owners

The SEC currently registers 1 indirect owner.

Name	Entity	Date acquired	Ownership	Employer ID
Thomas Alan James	Chief executive officer/director/chairman of the board	1 Dec 1970	25% - 50%	257119

Based in St Petersburg

The principal office where Raymond James & Associates, Inc. performs its advisory services is located at 880 Carillon Parkway, St Petersburg, FL 33716, which is also the mailing address of the firm. An additional office of the firm is in Little Rock, AR. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 727-567-1000 or by fax 727-567-8668. The normal business hours are 8:30am-5:30pm on Monday - Friday. You can find more information about the New York firm at raymondjames.com/rja/.