Raymond James & Associates, Inc
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Overview
Raymond James & Associates, Inc is a financial advisory company located in Saint Petersburg, Florida. The company handles $306.1 billion in total assets across 950,978 customer accounts, making it one of the biggest investment advisory firms in the country by assets under management (AUM). It has a very large group, including 4,620 financial advisors. Raymond James & Associates, Inc does not act as a registered broker-dealer, meaning the advisor cannot buy and sell securities for its customers' and own accounts and instead must go through a broker-dealer company to do so. Securities are defined as tradable fiscal investments such as options, bonds and stocks.
Raymond James & Associates, Inc administers more than half of the firm's accounts on a discretionary basis. Discretionary management signifies that transaction decisions for the client's account are made by an investment advisor without requiring client consent. It also has 135,714 non-discretionary accounts totaling $90.7 billion in AUM. The advisory firm oversees about $321,774 for every client account. The typical advisor at Raymond James & Associates, Inc administers around 206 client accounts.
Raymond James & Associates, Inc's main office is at 880 Carillon Parkway, Saint Petersburg, Florida 33716. It is legally allowed to serve investors throughout 51 U.S. states and territories.
Assets Under Management
Number of Advisors
Disclosures
Office Location
Raymond James & Associates, Inc by the Numbers
$306.1 billion
11,789
950,978
$321.9 thousand
Products and Services
Raymond James & Associates, Inc offers a variety of services, which can consist of financial planning services, portfolio management for individuals and small businesses, portfolio management for institutional clients, pension consulting services, selection of other advisers and other services. In the last fiscal year, the firm provided financial planning services to 1000 of its customers. The company does sell products or offer services apart from investment advice to its customers. The firm is also affiliated with one or more other companies in the financial services industry, including with a broker-dealer or securities dealer, banking or thrift institution, trust company, insurance company or agency and pension consultant.
Core Advisor Services
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Offered by 31% of firms
Financial Planning Services
This is the process of planning for your financial future, including for events such as retirement, your child's college education or estate succession.
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Offered by 46% of firms
Portfolio Management
This is the selection and management of an investment mix and portfolio strategy for individuals and small businesses.
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Market Timing Services
This is the practice of attempting to make short-term profits on investments by buying low and selling high.
Other Services
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Offered by 20% of firms
Selection of Other Advisors
This is the firm's assistance with choosing other advisors to work with who may have different specialties.
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Publication of Periodicals
This is the publication of various financial education materials.
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Educational Seminars/Workshops
This is the hosting of seminars or workshops to educate investors on financial concepts.
Fee Structure
Fees for financial advisory services typically vary depending on the type of financial services provided. However, fee types billed by the company most likely consist of the following fee types: asset-based, hourly, fixed or commission-based. Wrap fee programs, or the practice of bundling services for a single fee, are provided by the firm.
Available
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Offered by 69% of firms
Percentage of Assets
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Offered by 21% of firms
Hourly
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Offered by 1% of firms
Commissions
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Offered by 32% of firms
Fixed
Unavailable
Types of Clients
Raymond James & Associates, Inc manages money for a number of different investors. The company provides services to retail investors, high net worth investors, banking institutions, pension plans, charitable organizations, state or municipal government entities, insurance companies and corporations. Out of its 950,978 accounts, Raymond James & Associates, Inc's biggest client group by number of accounts is retail investors, but it also caters to 52,396 high-net-worth individuals. A high-net-worth individual is defined by the SEC as someone who has at least $750,000 under management or a net worth of more than $1.50 million or who is considered a "qualified purchaser" (a standard met by having at least $5 million in investments). None of the firm's clients are from outside of the U.S.
- High-Net-Worth Individuals* - 11.19%
- Other Individuals - 84.98%
- Corporations - 3.77%
- Charitable Organizations - 0.05%
* The U.S. Securities and Exchange Commission (SEC) defines a high-net-worth individual as someone who has at least $750,000 under management.
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Disclosures
Raymond James & Associates, Inc does not have any disclosures.
Please visit its Form ADV for more details.
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