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 reports developments across a diversified financial services business centered on wealth management, investment banking, asset management and capital markets. Company updates commonly cover Private Client Group results, client assets under administration, fee-based account activity, advisor recruiting and independent contractor channel leadership, alongside bank loans, cash sweep balances and capital returns.
Recurring news also includes quarterly earnings, monthly operating data, common-stock dividends, preferred-stock actions, advisor recognition within Raymond James & Associates, and technology initiatives such as the Rai digital AI operations agent. These items reflect the firm's mix of advisor-led wealth management, banking-related balance sheet activity and institutional financial services.
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.
On April 23, 2021, Steward Partners Holdings completed the acquisition of Umpqua Investments from Umpqua Holdings Corporation, rebranding it as Steward Partners Investment Solutions. This strategic move enhances Steward's presence in the Pacific Northwest, adding 22 financial advisors managing $3.4 billion in client assets and contributing $15 million in revenue. The acquisition raises Steward's total managed assets to over $22 billion, bolstering its goal of nationwide expansion.
Lisa Detanna, Managing Director at Raymond James, will host an interactive session with Barron’s in Education and UCLA School of Business students, focusing on 'Common Myths of Investing.' This initiative aims to enhance financial literacy by connecting academic theory to real-world business analysis. Detanna, with over 30 years in financial services and managing over $1.5 billion in assets, contributes her expertise to promote financial education. Barron’s in Education engages business students with financial professionals to prepare the next generation of leaders.
Lisa A. Detanna, Managing Director & Senior Vice President at Raymond James, was named to Forbes' list of America’s Top Women Advisors on March 24, 2021. This prestigious recognition is based on qualitative and quantitative factors, evaluating thousands of advisors. Detanna manages over $1.5 billion in client assets and has 30 years of experience. This accolade highlights her expertise in wealth management services, including estate planning and investment management.
Lisa A. Detanna, AIF, Managing Director at Raymond James & Associates, has been recognized in Barron’s list of the Top 1,200 Financial Advisors, published on March 14, 2021. This accolade highlights her exceptional performance, managing over $1.5 billion in client assets and providing services in wealth planning, investment management, and more. The ranking considers factors such as assets under management and regulatory history, rather than direct investment performance. Raymond James, a leading financial services company (NYSE: RJF), has over $1.02 trillion in total client assets.
Steward Partners Global Advisory has expanded into the Denver market with the acquisition of Harmony Private Wealth, which manages over $350 million in assets. The team, led by DeHaven Becker, Michael Stradt, and Janet Mabry, previously worked at RBC Wealth Management and brings over 45 years of combined experience. This move is expected to enhance Steward's national footprint and align with the new partners' values and goals. The firm aims to leverage Steward's technology platform to improve client service.
Lisa A. Detanna, a Managing Director at Raymond James, has been recognized on Forbes' Best-In-State Wealth Advisors list. The accolade, announced on February 11, 2021, highlights advisors with at least seven years of experience and considers factors such as revenue trends and compliance. Detanna, who joined Raymond James in 2011, has over 30 years of experience in wealth management, offering a wide range of services including financial planning and investment management.
Steward Partners Global Advisory has welcomed Webster Grosso Wealth Management, led by Ron Webster and Ed Grosso, to its partnership. The firm brings approximately $163 million in assets under management. Webster and Grosso, both seasoned financial advisors, are shifting from a traditional employee model to a partnership model, allowing for greater flexibility in serving clients. Jeff Gonyo, Divisional President at Steward Partners, anticipates significant growth in 2021 with this addition, highlighting the appeal of their hybrid business model.