Welcome to our dedicated page for Raymond James news (Ticker: RJF), a resource for investors and traders seeking the latest updates and insights on Raymond James stock.
Raymond James Financial, Inc. (NYSE: RJF) generates frequent news across wealth management, asset management, capital markets and banking. This page aggregates RJF news coverage so readers can follow company announcements, strategic transactions and financial updates in one place.
Recent Raymond James news includes a definitive agreement to acquire Clark Capital Management Group, Inc., an asset management firm specializing in wealth‑focused solutions. Company releases explain that, following closing subject to customary conditions and regulatory approvals, Clark Capital is expected to maintain its brand and operate as an independent boutique investment manager within Raymond James Investment Management. Other news highlights the firm’s advisor recruiting and affiliation activity, such as new advisor teams joining Raymond James & Associates and Raymond James Financial Services, and partnerships with financial institutions through the Financial Institutions Division.
Investors and clients can also see coverage of Raymond James’ capital management decisions, including announcements about common and preferred stock dividends, common stock repurchase authorizations and the redemption of its Series B preferred stock and related depositary shares. Earnings releases provide updates on net revenues, net income, client assets under administration, financial assets under management, loan growth in the Bank segment and segment‑level performance in the Private Client Group, Capital Markets and Asset Management businesses.
By reviewing the RJF news feed on this page, users can monitor developments such as acquisitions, advisor movements, partnerships with banks and credit unions, capital actions and quarterly financial results as they are reported in company press releases and SEC‑related announcements.
Raymond James Financial (RJF) announced its definitive agreement to acquire TriState Capital Holdings (TSC) in a transaction valued at approximately $1.1 billion. Shareholders of TriState Capital will receive $6.00 in cash and 0.25 shares of Raymond James for each share held, equating to a total of $31.09 per share. The acquisition is expected to enhance Raymond James' growth by leveraging TriState's 32% annual growth in securities-based lending. The deal is projected to be accretive to diluted earnings per share in the first year following completion.
Raymond James has launched a new Alerts Portal designed to enhance the efficiency of financial advisors. This innovative tool consolidates notifications into a customizable dashboard, allowing advisors to manage tasks more effectively. Users can prioritize alerts, collaborate in real-time, and streamline administrative processes, ultimately freeing up more time for client interaction. The portal has received positive feedback from advisors, indicating a significant impact on workflow and productivity. This development underscores Raymond James' ongoing commitment to technology and advisor support.
On September 27, 2021, Alex. Brown, a division of Raymond James, hosted the second Alex. Brown Invitational golf tournament at Manhattan Woods Golf Club, celebrating its 220-year partnership with clients. The event drew over 70 attendees and supported PGA REACH, a charitable foundation aimed at positively impacting youth and diverse populations through golf. President Haig Ariyan emphasized the firm's commitment to premier wealth management and community support.
For more details, visit alexbrown.com.
Raymond James has introduced the Practice Exchange, a new cloud-based succession planning platform tailored for financial advisors. The platform aims to simplify the succession and acquisition process, combining tools for M&A, buyer/seller matching, and educational resources. Key features include proprietary succession matching algorithms, enhanced valuation tools, and secure information sharing. The initiative reflects the firm’s commitment to adapt to the evolving needs of financial advisors, responding to increased demand for comprehensive succession solutions.
Steward Partners Global Advisory has expanded its network by welcoming O'Hare Wealth Management in Mequon, Wisconsin, marking its first office in the Upper Midwest. The team manages $420 million in assets and consists of five former Merrill Lynch professionals. This transition to independence allows them to enhance client services with increased resources from Steward and its partnerships with Raymond James and Goldman Sachs. The firm, ranked #24 on Barron's Top RIAs list in 2020, continues to focus on delivering a personalized client experience.
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Concurrent, a partnership of elite independent advisors affiliated with Raymond James Financial Services, announced the onboarding of 10 new advisor teams managing over $1 billion in client assets. This growth continues despite the pandemic, indicating a robust strategy for 2021. The total assets under management (AUM) now exceed $11.5 billion. Founding partners emphasized that their model offers a combination of independence and extensive operational support, appealing to entrepreneurial advisors.
Raymond James and Managing Director Lisa Detanna have been added to the Cedars-Sinai Donor Honor Roll for their community support during the pandemic. In 2020, they donated $50,000 to enhance clinical training and aid Cedars-Sinai staff. Additionally, Raymond James Chairman Paul Reilly previously committed $2.3 million to various COVID-19 relief efforts across the US, Canada, and the UK. Detanna manages over $1.67 billion in client assets and emphasizes the firm’s culture of giving back to local communities.
Lisa Detanna, Managing Director at Raymond James, collaborates with Barron’s in Education to promote financial literacy during National Financial Literacy Month. This initiative provides no-cost educational resources, events, and real-world career guidance to UCLA students. Detanna emphasizes the importance of preparing young adults for financial stewardship, stating that wealth is often lost after three generations. With over 30 years in finance and managing $1.67 billion in client assets, she highlights the need for better financial education to improve societal wealth management.