Raymond James Financial, Inc., a financial holding company, engages in financial services businesses in the United States of America (U.S.) and Canada. Subsidiaries As of September 30, 2013, the company’s principal subsidiaries included Raymond James & Associates, Inc. (RJ&A); Raymond James Financial Services, Inc. (RJFS); Raymond James Financial Services Advisors, Inc. (RJFSA); Raymond James Ltd. (RJ Ltd.); Eagle Asset Management, Inc. (Eagle); and Raymond James Bank, N.A. (RJ Bank). Segments As of September 30, 2013, the company had five segments: Private Client Group (PCG); Capital Markets; Asset Management; RJ Bank; and Other. PRIVATE CLIENT GROUP The company provides securities transaction and financial planning services to approximately 2.5 million client accounts through the branch office systems of RJ&A, RJFS, RJFSA, RJ Ltd. and in the United Kingdom (U.K.) through Raymond James Investment Services Limited (RJIS). The company’s financial advisors offer a range of investments and services, including both third party and proprietary products, and various financial planning services. The company charges sales commissions or asset-based fees for investment services the company provides to its Private Client Group clients based on established schedules. RJ&A, RJFS and RJFSA offer investment advisory services under various financial advisor affiliation options. RJ&A advisors operate under the RJ&A registered investment advisor (RIA) license while independent contractors affiliated with RJFS may operate either under their own RIA license, or the RIA license of RJFSA. The majority of its U.S. financial advisors are also licensed to sell insurance and annuity products through its general insurance agency which was known as Planning Corporation of America (PCA), a wholly owned subsidiary of RJF. In October 2013, PCA merged with another wholly owned subsidiary of RJF, and PCA, as the surviving entity, changed its name to Raymond James Insurance Group, Inc. (RJIG). Through the financial advisors of its domestic broker-dealer subsidiaries, RJIG provides product and marketing support for a range of insurance products, principally fixed and variable annuities, life insurance, disability insurance and long-term care coverage. The company’s U.S. financial advisors offer professionally managed load mutual funds, as well as a selection of no-load mutual funds. RJ&A and RJFS maintain dealer sales agreements with most major distributors of mutual fund shares sold through broker-dealers. Raymond James & Associates RJ&A is a full service broker-dealer that employs financial advisors throughout the U.S. RJ&A’s financial advisors work in a traditional branch setting supported by local management and administrative staff. The number of financial advisors per office ranges from 1 to 46. RJ&A financial advisors are employees and their compensation includes commission payments and participation in the firm’s benefit plans. In addition, individuals are trained each year to become financial advisors at the Robert A. James National Training Center in St. Petersburg, Florida. Raymond James Financial Services RJFS is a broker-dealer that supports independent contractor financial advisors in providing products and services to their Private Client Group clients throughout the U.S. The number of financial advisors in RJFS offices ranges from 1 to 42. They are permitted to conduct, on a limited basis, certain other approved businesses outside of their RJFS activities, such as offering insurance products, independent registered investment advisory services and accounting and tax services, with the approval of RJFS management. The Financial Institutions Division (FID) is a subdivision of RJFS. Through FID, RJFS provides services to financial institutions such as banks, thrifts and credit unions, and their clients. RJFS also provides custodial, trading, research and other back office support and services (including access to clients’ account information and the services of the Asset Management segment) to unaffiliated independent registered investment advisors through its Investment Advisor Division (IAD).
raymond james financial inc
(RJF:New York Consolidated)
880 Carillon Parkway
St. Petersburg, FL 33716
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