Raymond James is not owned by any parent company, since it is an independent, publicly traded financial services firm listed on the New York Stock Exchange under the ticker symbol RJF.
Raymond James Financial is one of the largest independent financial services companies in the United States, operating a large network of financial advisors alongside investment banking and asset management divisions.
Founded in St. Petersburg, Florida in 1962, the firm went public in 1983 and expanded through acquisitions such as its 2012 purchase of Morgan Keegan into a company that now oversees nearly 1.92 trillion dollars in client assets.
So how has a small Florida investment practice grown into a firm managing almost two trillion dollars while still letting individual advisors run their own practices, and who really controls it today?
This article looks at Raymond James ownership structure, its largest shareholders, its CEO and founder, its history of acquisitions, how much the company is worth, its retirement and investment services, and how to reach customer support.
So let us get started.
Table of Contents
Raymond James Company Overview
Raymond James Financial is one of the largest independent financial services companies in the United States.
It operates a large network of financial advisors who serve individual investors, along with investment banking and asset management divisions.
The firm is known for its advisor centered business model, which gives many of its financial advisors significant independence in how they run their practices.
| Founded | 1962, St. Petersburg, Florida |
| Parent Company | None, independent public company |
| Headquarters | St. Petersburg, Florida |
| CEO | Paul Shoukry |
| Industry | Brokerage, wealth management, investment banking, asset management |
| Ownership Type | Publicly traded on NYSE (RJF) |
Raymond James Financial Ownership and Corporate Structure
Raymond James Financial, Inc. is the public parent company that owns the group operating businesses.
Its main subsidiaries include Raymond James & Associates, which serves employee financial advisors, and Raymond James Financial Services, which supports independent contractor advisors.
The company also owns Raymond James Bank and an asset management arm that runs its own family of funds.
This multi channel advisor model is one way Raymond James differs from large bank owned brokerages, similar to the structure described in our guide to who owns Wells Fargo Advisors.
Employee financial advisor brokerage
Independent contractor advisor network
Banking and lending services
Raymond James Financial Public or Private, and Who the Shareholders Are
Raymond James Financial has been a publicly traded company for many years and currently trades on the New York Stock Exchange.
Its stock ticker symbol is RJF.
Ownership is spread across a wide base of institutional investors, including large index and mutual fund managers, as well as individual retail shareholders.
No single person or entity holds a controlling stake in the company, which is typical for a large publicly traded financial firm.
Raymond James Financial CEO and Founder
Raymond James Financial is currently led by chief executive officer Paul Shoukry, who succeeded longtime CEO Paul Reilly in the top role.
Shoukry previously served as the company chief financial officer before moving into the chief executive position.
The company was founded in 1962 in St. Petersburg, Florida, by Robert James, who built the firm from a small local investment practice into a national brokerage.
The Raymond James name reflects the founding family history, combining elements from the firm early ownership and its founder family.
Raymond James Financial Ownership and Growth History
Raymond James has grown mainly through organic expansion and a series of acquisitions over more than six decades.
Robert James starts an investment firm in St. Petersburg, Florida.
Raymond James Financial shares begin trading publicly, expanding its access to capital.
Raymond James acquires Morgan Keegan, significantly expanding its advisor network in the southeastern United States.
Raymond James remains an independent, publicly traded firm with trillions of dollars in client assets under administration.
Raymond James Financial Financials: Revenue and Client Assets
Raymond James reported record net revenues of about 3.93 billion dollars for its fiscal third quarter of 2026, according to the company earnings release.
Client assets under administration reached approximately 1.92 trillion dollars in the same period, reflecting strong growth across its advisor network.
These client asset figures represent money the firm oversees on behalf of clients, not the market value of Raymond James Financial itself.
The company profit also rose significantly year over year, according to reporting on its fiscal third quarter 2026 results.
Raymond James Financial Retirement and Investment Services
Raymond James offers a broad range of retirement and investment products through its network of financial advisors.
Clients can open traditional and Roth IRAs, along with employer sponsored retirement plans administered through the firm retirement plan services division.
The company also provides brokerage accounts, managed investment portfolios, mutual funds, and access to financial planning services.
Raymond James Bank offers banking products such as deposit accounts and lending that can complement a client investment relationship.
This article does not provide personalized investment or retirement advice, and anyone deciding how to invest or roll over a 401(k) should speak with a qualified financial professional.
For comparison with another large brokerage and wealth management firm, see our guide to who owns Merrill Lynch.
Raymond James Financial Customer Service and Contact Information
Raymond James clients typically work directly with their assigned financial advisor for most account questions and service needs.
General contact information and branch locations are available through the official contact page at raymondjames.com.
The company also maintains investor relations contact channels for shareholders and analysts through its investor relations website.
Raymond James Financial Headquarters
Raymond James Financial is headquartered in St. Petersburg, Florida.
The company has maintained its roots in the Tampa Bay area of Florida since it was founded there more than six decades ago.
It also operates offices and advisor branches throughout the United States, Canada, and other countries.
Is Raymond James Worth It?
Raymond James is generally well regarded in the financial services industry, particularly for its advisor friendly business model, though experiences can vary based on an individual advisor.
- Large, well capitalized independent firm with a long operating history
- Wide range of retirement, brokerage, and banking services under one roof
- Advisor centered model that many clients find offers personalized service
- Fees and service quality can vary depending on the specific advisor or branch
- Some complaints filed with the Better Business Bureau relate to account transfers and fees
- Not primarily built for self directed investors seeking a low cost robo advisor experience
Frequently Asked Questions About Raymond James
Who owns Raymond James?
Raymond James is owned by its public shareholders as an independent company listed on the New York Stock Exchange under the ticker RJF, with no controlling parent company.
Is Raymond James Financial publicly traded?
Yes, Raymond James Financial has been a publicly traded company since 1983 and its shares continue to trade on the New York Stock Exchange.
What services does Raymond James offer for retirement?
Raymond James offers traditional and Roth IRAs, employer sponsored retirement plans, brokerage accounts, and financial planning support through its network of advisors.
Who is the CEO of Raymond James?
The chief executive officer of Raymond James Financial is Paul Shoukry, who took over the role after previously serving as the company chief financial officer.
Sources
Reference: Raymond James Financial on Wikipedia.
Reference: Raymond James and Associates BBB profile.
Official site: Raymond James Investor Relations.
I am Jack Neel, a mechanical engineer, researcher, and writer. I created this website to share my knowledge about different brands and products with you. I research the manufacturers behind the brands and provide you with the information you need to make smart buying decisions.