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.
Steward Partners Global Advisory has welcomed Praetorian Private Wealth, a team from Wells Fargo, managing over $300 million in assets, to its expanding hybrid platform. This move is part of Steward's effort to enhance its presence in Austin, Texas, a rapidly growing market with a strong tech industry. Praetorian's 6-member team, led by Rick A. Fuchs, emphasizes client-centric wealth management. Steward Partners continues to gain recognition, ranking #24 on Barron's 2020 List of Top 100 RIA Firms, reinforcing its position as a leading advisory firm.
Concurrent, a partnership of independent advisors affiliated with Raymond James Financial Services, has successfully adapted its onboarding protocols during the pandemic. Since mid-March, eight new advisor teams have transitioned to Concurrent, adding over $900 million in assets under management. The network now manages a total of $8.3 billion with 105 advisors in 45 offices. Concurrent continues to show resilience and rapid growth, emphasizing the importance of independent financial advice in these challenging times.
Steward Partners Global Advisory has been named to the 2020 Financial Times 300 Top Registered Investment Advisers list. This recognition underscores the firm's commitment to client service since its inception in 2013. With over $10 billion in assets under management and 23 offices across 13 states and D.C., Steward Partners has shown rapid growth. The firm introduced a new 1099 affiliate model to attract advisors seeking autonomy while leveraging firm resources. The FT 300 ranking is based on criteria like assets under management and compliance records.
Steward Partners Global Advisory announced that Casey Snyder has been recognized in InvestmentNews' 2020 40 Under 40 List. This prestigious list highlights young advisors excelling in the financial services industry. Snyder, who has over 15 years of experience, is part of The Sedoric Group and focuses on various personal finance aspects, including retirement planning and wealth management. His recognition reflects his commitment to client service. Raymond James Financial supports independent advisors, managing approximately $896 billion in client assets as of 12/31/19.
On July 9, 2020, Steward Partners Global Advisory announced the appointment of Michael Drumm as Divisional President for the tri-state region. Drumm brings over 25 years of experience, previously serving at Janney Montgomery Scott and Morgan Stanley Smith Barney. His role will focus on expanding Steward's existing offices in New Jersey and New York, supporting growth initiatives, and enhancing recruitment. Drumm expressed excitement about joining a firm known for its culture and partnership approach, indicating potential for continued success in the industry.
Steward Partners Global Advisory has welcomed the Blue Water Wealth Management Group in Clearwater, Florida. The team, led by Chris McAdoo and Richard Humphrey, brings $250 million in client assets from UBS. They specialize in personalized financial planning and investment strategies. McAdoo emphasized that Steward’s innovative model enhances client service. The firm operates as an employee-owned partnership linked with Raymond James Financial Services, which has approximately $896 billion in client assets as of December 31, 2019.
Steward Partners Global Advisory announced the addition of the Reservoir Road Financial Group to its team in New York City. The group, consisting of Ken Roban and Heidi Scali, brings with them $220 million in client assets, emphasizing investment consulting and wealth management that aligns with clients' values. Hy Saporta, President of Steward Partners, expressed excitement about this expansion, which reflects a growing interest in their client-focused model. Steward Partners continues to grow rapidly and offers a unique affiliate model for advisors.
On June 17, 2020, Steward Partners Global Advisory announced the addition of the Plaza Advisory Group, its first affiliate advisor team in St. Louis. This team, founded in 1985, manages $1.2 billion in client assets and joins under Steward's new 1099 affiliate model, which grants advisors independence while providing extensive firm support. The move highlights Steward's commitment to offering a flexible and empowering environment for financial advisors, catering to varying needs in the wealth management landscape.