In The News
Raymond James Puts Killgoar in Charge of “Client Experience”
On Wall Street | Thursday, August 19, 2010
Tim Killgoar joined Raymond James Financial two years ago as an assistant to Tom James, the current chariman and former chief executive officer. In his new role, Killgoar will focus on several strategic initiatives aimed at improving money management processes for retail investor clients, and the financial advisors that they work with.
Raymond James Advisors Post Strong Sales, Income
Investment Advisor | Thursday, July 22, 2010
Raymond James Financial met earnings expectations on Wednesday, July 21, and beat revenue estimates on strong performance in its private-client operations. “The Private Client Group results were largely driven by past (’08-’09) recruiting success,” said CEO Paul Reilly. “That’s the real story of the quarter.” Though the recruiting environment has cooled off from where it was 18 months ago, “It remains a good recruiting environment,” said COO Chet Helck, head of the PCG.
Raymond James Wants More Financial Advisors
Financial Advisor | Friday, June 04, 2010
Paul Reilly, the financial-services firm’s new chief executive, said Raymond James Financial Inc.’s private client group has less than a 3% share of registered investment advisor assets, and he sees tremendous opportunity for growth there. The goal for its private client group is to continue with 15% growth per year—half through recruiting and half through production, Reilly said at the Sandler O’Neill Global Exchange and Brokerage Conference.
Trading Independence
Bank Investment Consultant | Tuesday, June 01, 2010
Seeking stability and a wider safety net, many independent investment consultants are moving over to banks. John Houston, managing director of the financial institutions division at Raymond James in St. Petersburg, Fla., says about 10% of the 200 banks and credit unions he works with have hired or teamed up with independents. “I don’t know that there’s a huge trend,” he says. “But it’s a good way for the bank investment programs to expand their reach in their communities.” Based on his conversations with bankers, he estimates that 25% to 40% of the banks that work with broker-dealers like Raymond James might more “seriously explore this opportunity.”
The Top 20 Program Managers
Bank Investment Consultant | Tuesday, June 01, 2010
Bank Investment Consultant ranked the managers of the most productive advisors in bank brokerage. Raymond James led way with 12 of the top 20, including first through sixth.
Raymond James Makes Leadership Transition: Reilly Becomes CEO; James Remains Chairman
Research Magazine | Thursday, May 06, 2010
The leadership team of Raymond James Financial shares its thoughts on having a new CEO, Paul Reilly, and how it can build on its record ’09 recruiting efforts.
Thirty for Thirty
Investment Advisor | Tuesday, May 04, 2010
Chairman of the board and former CEO Tom James was named to Investment Advisor’s list of the 30 most influential individuals in and around the planning profession over the last three decades.
40 Years of Tom James
Financial Planning | Saturday, May 01, 2010
After 40 years at the helm of Raymond James, Tom James reflects back as he prepares to welcome Paul Reilly as CEO. This feature story in a special 40th Anniversary issue includes comments from COO Chet Helck, Tom James and Paul Reilly as they discuss the past, present and future of the company.
Looking back
Investment News | Monday, April 26, 2010
Chairman of the board Tom James talks about changes at Raymond James and in the financial advisory industry over the past 40 years as he prepares to step down as CEO.
Profits Surge at Raymond James
On Wall Street | Thursday, April 22, 2010
Raymond James reported that second quarter earnings rose to $55.6 million, or 45 cents a share, from $6.1 million, or a nickel per share, a year earlier. Net revenue increased 26% to $734.4 million and total revenue rose 27% to $750 million. Analysts had expected a profit of 42 cents per share on $703 million of revenue. Analysts said they expect assets to increase as Raymond James continues to attract top advisors from competitors.
On Wall Street Announces Branch Managers of the Year
On Wall Street | Monday, March 15, 2010
Raymond James branch managers Frank Consalo and Dan Kraus win 2009 awards.
People on the Move: Spotlight on Paul Reilly
On Wall Street | Thursday, February 25, 2010
A brief chat with Paul Reilly about taking over as CEO on May 1.
Paul Reilly to Replace Tom James as Raymond James CEO on May 1
InvestmentAdvisor.com | Monday, February 22, 2010
The board of Raymond James Financial confirmed that Paul Reilly will succeed Tom James as CEO on May 1, as was first announced by the company in March 2009; Reilly became president of the company in May 2009. The board also declared a quarterly cash dividend of $0.11/common share, marking the 25th consecutive year that Raymond James has paid a dividend.
Investment News 20 of 2010 – Broker dealers: Paul Reilly
Investment News | Monday, December 14, 2009
The Investment News 20 is a group of people who will have a big influence on the financial services industry in 2010. Advisers think Paul Reilly, who will take the reins of Raymond James Financial Inc. from chief executive Tom James this spring, has the background to keep the firm on the path of steady growth.
RJFS’s FID: The Top 50 Bank Reps
Bank Investment Consultant | Tuesday, December 01, 2009
RJFS’s FID division surpassed all competitors with 11 advisors ranked in this year’s BIC Top 50, including the #1 spot.
Slow and Steady Wins the Race for Financial Adviser Firms
Wall St. Journal/FINS.com | Monday, November 09, 2009
Finance firms are hiring financial advisers and wealth managers in droves. Lack of exposure to toxic debt and solid financials is making Raymond James an appealing partner for both investors and advisers. “Last year, highly respected places saw their financial credibility being questioned,” said Chet Helck, COO of Raymond James. “That put a lot of financial advisers in mode of looking around, looking at their options. We didn’t have the exposure to subprime issues. We didn’t have to take government assistance.”
Raymond James Recruits 750-Plus Financial Advisors
Research-Mag.com | Monday, November 09, 2009
Raymond James Financial says its two broker-dealers hired over 750 veteran financial advisors with more than $35 billion in assets and over $250 million in historical gross revenue in the fiscal year ended September 30, 2009.
Raymond James Tops Boomer Market Advisor
Boomer Market Advisor | Tuesday, November 03, 2009
Raymond James was named the 2009 Broker/Dealer Excellence Award winner in the Large Independent Broker/Dealer category for the second consecutive year.
Passing the Torch at Raymond James
Florida Trend | Thursday, October 01, 2009
Leadership transitions are high-stakes affairs. In hiring his own replacement, Tom James has adopted a phased-in succession. As James prepares to pass the torch to Paul Reilly, he’s created a more gradual succession plan that takes into consideration the fact that Reilly hasn’t grown up in the company’s culture.
Raymond James Hiring Advisors to Offset Asset Losses
Financial-Planning.com | Wednesday, September 16, 2009
Chet Helck, the chief operating officer of its private client group, said assets under management at Raymond James have declined at “less than half” of the global rate in the past year because the assets brought by the new advisors have helped offset losses. “We have had our most successful year in terms of attracting and retaining financial advisors,” he said.
