Is my money safe at Raymond James?
Accounts held at
Raymond James & Associates is a member of the Securities Investor Protection Corporation (SIPC), which protects securities customers of its members up to $500,000 (including $250,000 for claims for cash). An explanatory brochure is available upon request, at sipc.org or by calling 202-371-8300.
Six states ordered Raymond James to pay $4.2 million in fines and penalties and return $8.25 million to retail customers who were charged excessive commissions for small-dollar trades.
Comprised of more than 500 capital markets professionals, Raymond James is one of the most highly regarded middle-market equity offering and advisory practices in investment banking today.
On October 16, 2023, Plaintiff Joena Bartolini Mitchell has filed a discrimination claim against her ex-employer Raymond James and Associates, Inc (“RJ”), an investment banking firm in Florida. For over 15 years, Ms. Bartolini Mitchell provided RJ with exceptional service.
| Extraco Bank | Extraco Bank: For-Profit Accounts | Fulton Bank: For-Profit Accounts |
|---|---|---|
| U.S. Bank N.A. | The Bank of East Asia Ltd. | Umpqua Bank |
| HSBC Bank USA, National Association | Amarillo National Bank | NexBank |
| The Bank of East Asia Ltd. | First Mid Bank & Trust, NA | Cadence Bank, N.A. |
| Truist Bank | Cadence Bank, N.A. | West Bank |
Fitch Ratings - Chicago - 17 Mar 2023: Fitch Ratings has affirmed Raymond James Financial Inc.'s (RJF) Long- and Short-Term Issuer Default Ratings (IDRs) at 'A-' and 'F2', respectively. The Rating Outlook is Stable.
Forbes' lists:
#67 Best-In-State Wealth Management Teams (2024) #46 Best-In-State Wealth Management Teams (2023) #73 Forbes Best-In-State Wealth Advisors (2023) Forbes Top Wealth Advisors Best-In-State (2023)
First, the average return for Raymond James' recommended stocks (13.98%) is over 4.5 percentage points higher per year than the return on the S&P 500 (9.35%), and more than 5.5 percentage points higher per year than the average return for the recommendations of the other brokerage firms (8.17%).
At Raymond James, safeguarding your assets is one of our highest priorities. It's why we offer account protection through the Securities Investor Protection Corporation (SIPC), var- ious syndicates of Lloyd's of London (excess SIPC) and the Federal Deposit Insurance Corporation (FDIC).
Does Dave Ramsey endorse Raymond James?
RJFSA and its affiliates (collectively, “Raymond James”) do not endorse and are not affiliated with Ramsey Solutions, except with respect to the arrangement described above, and neither Ramsey Solutions nor its agents are officers or employees of Raymond James.
As you can clearly see from the Quality Grade breakdown above, Charles Schwab Corp has a better overall quality grade than Raymond James Financial Inc. For investors who are looking for companies with higher quality than others in the same industry, Charles Schwab Corp could be a good stock to add to their portfolios.
In 2021, Raymond James was among the World's Most Admired Companies in the Securities/Asset Management category.
Collectively, we offer decades of experience, which we dedicate to crafting innovative, thoughtful financial strategies for clients. We take the time to get to know your lifestyle, goals and values, so that we can deliver a plan designed to help you strive for the future you've envisioned for yourself and your family.
The Growth Grade Winner: Raymond James Financial Inc
As you can clearly see from the Growth Grade breakdown above, Raymond James Financial Inc has a more attractive growth grade than Morgan Stanley.
The investigation was led by state securities regulators in Alabama, California, Illinois, Massachusetts, Montana, and Washington and found that Raymond James charged unreasonable commissions on over 270,000 equity transactions and trades nationwide over the past five years.
Accounts held at Raymond James Bank (RJBank) are insured by the Federal Deposit Insurance Corporation (FDIC), an independent agency of the United States government, for up to $250,000 per depositor.
Raymond James Financial, Inc. and its subsidiaries and affiliates are committed to practices that combat modern slavery and human trafficking and are committed to acting in an ethical manner, with integrity and transparency in all business dealings.
Our business provides asset management strategies and income stream guidance for Oil & Energy personnel, Self-Employed, and Individuals reaching or nearing retirement that are concerned about their financial plan. We are compensated by asset-based fees.
Since Raymond James advisors serve as ERISA fiduciaries, they are obligated to recommend what is best for your company and employees.
Who owns Raymond James?
Petersburg, Florida. The firm was founded in 1976 by Tom James and is a wholly owned subsidiary of Carillon Towers Advisers, Inc., which is wholly owned by Raymond James Financial, Inc. (NYSE: RJF).
It is also the 53rd largest bank in the nation. It was established in 1994 and as of September of 2023, it had grown to 334 employees at 1 location. Raymond James Bank's CD rates are 6X the national average, and it has a B health rating.
The Raymond James Bank Enhanced Savings Program is a strategic savings program that offers higher yields and FDIC deposit insurance than standard savings or checking accounts.
Raymond James is one of the largest financial services firms in the United States, with the scale and resources to support a wide array of products and services.
- Top financial advisor firms.
- Vanguard.
- Charles Schwab.
- Fidelity Investments.
- Facet.
- J.P. Morgan Private Client Advisor.
- Edward Jones.
- Alternative option: Robo-advisors.
