Raymond James Financial, Inc. (RJF) is a diversified financial services company providing private client group, capital markets, asset management, banking and other services to individuals, corporations and municipalities. The firm provides investment management services, merger & acquisition and advisory services, the underwriting, distribution, trading and brokerage of equity and debt securities, and the sale of mutual funds and other investment products. The firm also provides corporate and retail banking services, and trust services. RJF operates predominantly in the United States and, to a lesser extent, in Canada, the United Kingdom, and other parts of Europe. The firm emphasizes putting the client first and maintaining a long-term focus in its decision-making.

• Employees: Approximately 19,000 (as of September 30, 2024)
• Geographic Footprint: Predominantly in the U.S., with a presence in Canada, the U.K., and other parts of Europe.
• Headquarters: St. Petersburg, Florida
• Founded: 1962
• Number of locations/facilities: Not explicitly stated, but operates from various locations.
• Revenue: $12.82 billion (FY2024)
• Market Capitalization: $26.56 billion (as of March 31, 2024)
• Key Subsidiaries/Brands: Raymond James Bank, TriState Capital Bank, Raymond James & Associates, Inc., Raymond James Financial Services, Inc., SumRidge Partners, LLC, Raymond James Trust, N.A., and Raymond James Trust Company of New Hampshire

• CEO: Paul C. Reilly (since May 2010)
• CFO: Jonathan W. Oorlog, Jr. (since October 2024)
• Board Chair: Paul C. Reilly (since February 2017)
• Other Key Executives:
  • Christopher S. Aisenbrey - Chief Human Resources Officer (since October 2019)
  • James E. Bunn - President - Capital Markets (since October 2024)
  • Horace L. Carter - President - Fixed Income (since January 2022)
  • James R. E. Coulter - Chief Executive Officer - Raymond James Ltd. (since January 2022)
  • Scott A. Curtis - Chief Operating Officer (since October 2024)
  • Tashtego S. Elwyn - President - Private Client Group (since October 2024)
  • David Krauss - Chief Risk Officer (since September 2024)
  • Bella Loykhter Allaire - Chief Administrative Officer (since October 2024)
  • Steven M. Raney - President - Bank Segment (since October 2024)
  • Shannon B. Reid - President - Independent Contractor Division (since January 2024)
  • Jonathan N. Santelli - Executive Vice President, General Counsel and Secretary (since May 2016)
  • Paul M. Shoukry - President (since March 2024)

Key leaders have extensive experience in their respective fields.

• Annual Revenue: $12.82 billion (FY2024)
• Net Income: $2.06 billion (FY2024)
• Market Cap: $26.56 billion (as of March 31, 2024)
• Total Assets: $82.99 billion (as of September 30, 2024)
• Number of Employees: Approximately 19,000 (as of September 30, 2024)
• Key Financial Highlights: Net revenues increased 10% and net income available to common shareholders increased 19% compared to the prior year.

RJF offers a broad range of third-party and proprietary investment products and services, including:

• Investment services: Sales commissions or asset-based fees.
• Portfolio management services: Fee-based or flat periodic fees.
• Insurance and annuity products.
• Mutual funds.
• Support to third-party mutual fund and annuity companies.
• Administrative services to banks.
• Margin loans to clients.
• Securities borrowing and lending activities.
• Diversification strategies and alternative investment products.
• Custodial services, trade execution, research and other support to third-party RIAs and broker-dealers.

RJF operates through five segments:

• Private Client Group (PCG): Provides financial planning, investment advisory, and securities transaction services. Contributed 69% of net revenues.
• Capital Markets: Conducts investment banking, institutional sales, securities trading, equity research, and the syndication and management of investments in low-income housing funds. Contributed 11% of net revenues.
• Asset Management: Earns asset management and related administrative fees for providing asset management, portfolio management and related administrative services. Contributed 8% of net revenues.
• Bank: Reflects the results of banking operations, including the results of Raymond James Bank and TriState Capital Bank. Contributed 12% of net revenues.
• Other: Includes interest income on certain corporate cash balances, our private equity investments, certain other corporate investing activity, and certain corporate overhead costs of RJF.

RJF's strategy is focused on putting the client first, maintaining a long-term focus in decision-making, and providing a strong, stable financial services firm for clients, associates, and shareholders. Key strategic initiatives include:

• Attracting, developing, and retaining exceptional associates and independent advisors.
• Providing a customized platform for financial advisors to enhance and grow their businesses.
• Enhancing and testing business continuity plans to ensure continuous operations.
• Maintaining a strong commitment to a workplace environment that attracts talented candidates.
• Promoting equitable rewards for all associates.

RJF operates in the intensely competitive financial services industry, competing with:

• Major Competitors: Larger securities firms, insurance companies, banking institutions, web-based financial services companies, discount brokerage services, and financial technology companies.
• Market Position: RJF is a leading diversified financial services company.
• Key Industry Trends: Increased competition for talent, technological advancements, and evolving regulatory landscape.

• Market Risks: Fluctuations in interest rates, equity prices, and foreign exchange rates, which can impact revenues and asset values.
• Operational Risks: Cybersecurity breaches, technology system failures, and reliance on third-party service providers.
• Financial Risks: Lack of funding, liquidity, or access to capital; volatility in clients' cash sweep and bank deposit balances; and credit risk.
• Regulatory Risks: Extensive regulation under U.S. federal and state laws, as well as foreign laws, which can limit activities and increase compliance costs.