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.
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.
Concurrent Advisors has successfully expanded its network by adding seven new advisor teams from various states, including Alaska, Florida, Kentucky, Michigan, and Mississippi. This growth has resulted in a total increase of over $1.1 billion in assets under management (AUM), bringing the network's total AUM to $9.1 billion. The partnership aims to provide independent advisors with robust resources and support during these challenging times, emphasizing a commitment to client service amid market volatility.
Steward Partners Global Advisory has appointed Rick Gaston as Mid-Atlantic Division President, succeeding Jeffrey Gonyo. Gaston brings over eight years of experience from Raymond James Financial, focusing on business development. His role involves supporting existing advisors and recruiting new talent. Steward Partners has rapidly grown to nearly 150 advisors in 24 offices since its launch. The firm has received accolades such as being listed in the Washington Business Journal's Best Places To Work and ranked #24 in Barron's Top 100 RIA Firms.
Raymond James has increased its COVID-19 relief donation from $1.5 million to $2.3 million, aiding healthcare initiatives in the US, Canada, and the UK. A portion, $50,000, will support hospitals in Los Angeles. CEO Paul Reilly emphasizes the firm’s commitment to community support during these challenging times, highlighting the importance of helping those in need.