Welcome to our dedicated page for Raymond James Financial news (Ticker: RJF), a resource for investors and traders seeking the latest updates and insights on Raymond James Financial 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.
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.