Raymond James Financial Services
Raymond James Financial Services is the independent contractor wealth management division of Raymond James Financial, Inc. (NYSE: RJF), operating through 8,943 financial advisors overseeing $1.67 trillion in client assets to serve individual investors, families, retirees, and business owners with brokerage, advisory, and financial planning services.
- Company typePublic
- Founded1962
- HeadquartersDover, United States
- Headcount1–10
- GTM typeB2C
- OfferingServices
What Raymond James Financial Services does
Raymond James Financial Services is the independent contractor division of Raymond James Financial, Inc. (NYSE: RJF), a publicly traded diversified financial services holding company headquartered in St. Petersburg, Florida. The division operates a wealth management platform serving individual investors, families, retirees, business owners, and small institutions through a network of 8,943 financial advisors overseeing $1.67 trillion in client assets as of September 2025. Advisors operate under their own brand names (e.g., The Cavalena Team, Gore Financial Management, RPK Wealth Group, Touchpoint Financial Advisor Group) while leveraging the Raymond James platform for technology, research, compliance, and product access. Securities transactions are conducted through Raymond James Financial Services, Inc. (Member FINRA/SIPC), and investment advisory services are offered through the affiliated Raymond James Financial Services Advisors, Inc.
The firm generates revenue through three primary streams: brokerage commissions on securities transactions (transaction fees), recurring investment advisory fees, and project-based financial planning fees (professional services). The core product suite spans wealth management, investment advisory, retirement planning, tax planning, estate and charitable giving services, and brokered CDs. The technology stack includes a client access portal and an in-house investment research platform, though no AI/ML capabilities are documented in the available data. Pricing is not publicly disclosed and varies by service type, asset level, and complexity, with both fee-based and commission-based billing models available.
The go-to-market strategy centers on attracting experienced advisor teams from competing broker-dealer channels — notably LPL Financial and Commonwealth Financial Network — by offering advisor autonomy combined with institutional research, technology, and product infrastructure. The LPL-Commonwealth acquisition (finalized August 2025) created a wave of advisor displacement that Raymond James Financial Services has actively captured, with documented team wins of $225 million, $181 million, and $682 million in client assets in 2026. Customer concentration is minimal given the individual-investor base and distributed advisor network, though regulatory exposure exists via FINRA proceedings related to individual broker conduct.
Raymond James Financial Services firmographics
Firmographics- Name
- Raymond James Financial Services
- Legal name
- Raymond James Financial Services, Inc.
- Website
- https://raymondjamesohio.com
- Company type
- Public
- Founded year
- 1962
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- Raymond James Financial Services is the independent contractor wealth management division of Raymond James Financial, Inc. (NYSE: RJF), operating through 8,943 financial advisors overseeing $1.67 trillion in client assets to serve individual investors, families, retirees, and business owners with brokerage, advisory, and financial planning services.
- Ownership category
- akta.pro rank
Raymond James Financial Services industry classification
Industry- Product category
- Wealth Management
- NAICS
- Portfolio Management and Investment Advice (523940), Portfolio Management and Investment Advice (52394)
- SIC
- Investment Advice (6282)
- akta.pro primary industry
- Comprehensive/Full-Service RIAs & Independent Wealth Managers (FSAAACAA)
- akta.pro secondary industries
- Financial Planning–Led RIAs (FSAAACAB), Portfolio Management–Led RIAs (Discretionary/Model-Based) (FSAAACAC), Registered Investment Advisor (RIA) Wealth Management (FSAEABAA)
Keywords
Where Raymond James Financial Services is headquartered
LocationHeadquarters
- HQ city
- Dover
- HQ country
- United States
- HQ region
- North America
Offices7 records
Markets served
Raymond James Financial Services business model
Business model- GTM type
- B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure
Revenue model
- Brokerage Services: Securities transactions and brokerage commissions from buying and selling investments for clients
- Investment Advisory Services: Fee-based investment management and advisory services offered through Raymond James Financial Services Advisors, Inc.
- Financial Planning: Comprehensive financial planning services including retirement, tax, and estate planning
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Annual | Investment advisory and brokerage services |
Go-to-market motion2 records
Distribution channels2 records
Marketing channels5 records
Raymond James Financial Services product offering
Product offeringCore offering
Raymond James Financial Services provides comprehensive wealth management, investment advisory, brokerage, retirement planning, tax planning, and estate planning services to individual investors through a network of independent financial advisor offices. Securities are offered through Raymond James Financial Services, Inc. (Member FINRA/SIPC), and Investment Advisory Services are offered through Raymond James Financial Services Advisors, Inc. Services are delivered on a fee-based or commission basis depending on client preference and product type.
Product overview
Raymond James Financial Services provides comprehensive wealth management and financial advisory services through its independent advisor network. The firm offers a full range of financial products and services including investment advisory services (offered through Raymond James Financial Services Advisors, Inc.), wealth management, retirement planning, tax planning, estate planning, and Brokered CDs. The services are delivered through financial advisors who provide personalized, client-oriented financial management tailored to individual goals.
Differentiator
Problem solved
Functional benefit
Products and services
- Wealth Management Services
Quantifiable outcome
- Over 170 years of combined experience managing investment portfolios
Companies that use Raymond James Financial Services
Customer profileNamed customers3 records
Segments3 records
Ideal customer profiles4 records
Raymond James Financial Services technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature2 records
Raymond James Financial Services partnerships and signals
Strategic signalPartnerships
Two partnerships are on record, tiered core and minor.
- Raymond James Financial Services Advisors, Inc.coreDukovich & Associates Financial Services Inc. partners with Raymond James Financial Services Advisors, Inc. to offer investment advisory services. This affiliation allows independent advisors to leverage the Raymond James platform for investment management services while maintaining their independent practice.
- LPL Financial (Commonwealth Advisors)minorRaymond James competed to attract advisors from LPL Financial's Commonwealth division after its acquisition finalized in August 2025. Multiple advisor teams have moved to Raymond James, bringing significant client assets.
Scale indicators6 records
Recent moves6 records
Expansion highlights4 records
Raymond James Financial Services competitors and assessment
Company assessmentBroad incumbents
- Stifel Financial: Stifel is a diversified brokerage and wealth management firm with both employee and independent advisor channels. Its wealth management segment serves HNW clients with products and services substantially overlapping Raymond James' offerings.
- Ameriprise Financial: Ameriprise is a diversified financial services firm with a large advisor franchise serving mass-affluent and HNW clients. While its advisor model is more captive, it competes for the same wealth management wallet and offers comparable advisory, retirement, and planning services.
- Charles Schwab Wealth Management: Charles Schwab operates a major retail wealth management franchise and serves as a custodian and competitor to independent RIAs. Its Schwab Wealth Advisory and Private Client services overlap with Raymond James' offerings in target client segments.
- Wells Fargo Advisors: Wells Fargo Advisors is a large broker-dealer wealth management franchise serving individual investors. Despite its wirehouse roots, it overlaps materially with Raymond James in client segments, product offerings, and recruiting competition.
- Fidelity Wealth Management: Fidelity offers a comprehensive wealth management platform including Fidelity Wealth Services and Fidelity Personalized Investing. It competes for the same mass-affluent and HNW client segments as Raymond James with both advisor-led and digital offerings.
- Edward Jones: Edward Jones is a large national advisor franchise focused on individual investors and retirement planning. Its branch-based advisor model competes with Raymond James for clients and advisor talent in the wealth management space.
Direct peers
- Cambridge Investment Research: Cambridge is one of the largest independent broker-dealers in the U.S., supporting independent advisors with practice management, technology, and compliance services — directly comparable to Raymond James' independent contractor channel.
- Cetera Financial Group: Cetera is a major independent broker-dealer serving thousands of independent financial advisors with a multi-firm structure. It competes head-to-head with Raymond James for advisor recruiting and serves a similar wealth management client base.
- LPL Financial: LPL Financial is the largest independent broker-dealer and RIA custodian in the U.S., operating an independent contractor advisor model directly comparable to Raymond James Financial Services. Raymond James has actively recruited advisor teams away from LPL following LPL's August 2025 acquisition of Commonwealth Financial Network.
- Commonwealth Financial Network: Commonwealth is a leading independent broker-dealer/RIA serving independent financial advisors. It was acquired by LPL Financial in August 2025, triggering advisor departures — including a $682M team — to Raymond James, making it a direct peer and recruiting competitor.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat4 records
Key risks5 records
Key highlights6 records
Customer concentration
Raymond James Financial Services social profiles
Digital presenceRaymond James Financial Services financial estimates
Financial estimateRevenue estimate
Valuation estimate
Raymond James Financial Services leadership team
Management profileNumber of profiles
Profiles2 records
Raymond James Financial Services subsidiaries and ownership
Company hierarchySubsidiaries2 records
Raymond James Financial Services funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Raymond James Financial Services M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Raymond James Financial Services
What does Raymond James Financial Services do?
Raymond James Financial Services provides comprehensive wealth management, investment advisory, brokerage, retirement planning, tax planning, and estate planning services to individual investors through a network of independent financial advisor offices. Securities are offered through Raymond James Financial Services, Inc. (Member FINRA/SIPC), and Investment Advisory Services are offered through Raymond James Financial Services Advisors, Inc. Services are delivered on a fee-based or commission basis depending on client preference and product type.
Is Raymond James Financial Services a public or private company?
Raymond James Financial Services is a public company. It is classified as public and is currently operating.
When was Raymond James Financial Services founded?
Raymond James Financial Services was founded in 1962. It employs 1 to 10 people.
Where is Raymond James Financial Services based?
Raymond James Financial Services is headquartered in Dover, United States, in the North America region.
How does Raymond James Financial Services make money?
Three revenue lines are on record. Brokerage Services are the primary driver. The others are investment Advisory Services and financial Planning.
Who are Raymond James Financial Services's main competitors?
Broad incumbents on record are Stifel Financial, Ameriprise Financial, Charles Schwab Wealth Management, Wells Fargo Advisors, Fidelity Wealth Management and Edward Jones. Direct peers are Cambridge Investment Research, Cetera Financial Group, LPL Financial and Commonwealth Financial Network.
Does Raymond James Financial Services have an API?
No public API is recorded for Raymond James Financial Services.
What industry is Raymond James Financial Services in?
Raymond James Financial Services's product category is Wealth Management. Its primary akta.pro industry code is FSAAACAA, Comprehensive/Full-Service RIAs & Independent Wealth Managers, with a secondary code of FSAAACAB, Financial Planning–Led RIAs. Its NAICS code is 523940 and its SIC code is 6282.