# Raymond James & Associates, Inc.

> Raymond James & Associates, Inc. is an SEC-registered investment advisory firm in St. Petersburg, FL, registered since 1974, reporting over $5 billion in regulatory assets under management in its Form ADV filing dated September 25, 2026.

- CRD: 705
- Filed as: RAYMOND JAMES & ASSOCIATES, INC.
- Also doing business as: ALEX.BROWN, ASSET MANAGEMENT SERVICES, INSTITUTIONAL FIDUCIARY SOLUTIONS, PUBLIC FINANCE INVESTMENT STRATEGIES GROUP
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: St. Petersburg, FL
- Filing period: October 2026
- Form ADV filing dated: September 25, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/705
- AdvisorCensus page: https://advisorcensus.com/firm/raymond-james-and-associates-inc-st-petersburg-fl-705

## Quick answers

**How is Raymond James & Associates, Inc. compensated?**
On its Form ADV (Item 5.E, October 2026), Raymond James & Associates, Inc. reports these compensation arrangements: a percentage of assets under its management; hourly charges; fixed fees (other than subscription fees); commissions. The amounts are in Item 5 of its Form ADV Part 2A brochure.

**Where is Raymond James & Associates, Inc. located?**
Raymond James & Associates, Inc.'s principal office is in St. Petersburg, FL, according to its Form ADV; the October 2026 filing also lists 25 other offices (Schedule D, Section 1.F).

**Is Raymond James & Associates, Inc. registered with the SEC or a state?**
Raymond James & Associates, Inc. is an SEC-registered investment advisory firm, registered since 1974. Status as filed: Approved. CRD 705.

**How much does Raymond James & Associates, Inc. manage?**
Raymond James & Associates, Inc. reports $500,955,604,975 in regulatory assets under management in its Form ADV filing dated September 25, 2026 (76% discretionary).

**How have Raymond James & Associates, Inc.'s assets and staff changed since 2021?**
In the Form ADV data for Raymond James & Associates, Inc.: Regulatory assets under management: $242,535,796,260 in the October 2021 data and $500,955,604,975 in the October 2026 data, up 107%. Total employees: 11,701 in October 2021 and 16,780 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Raymond James & Associates, Inc. serve?**
By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (413,527); high net worth individuals (99,598); pension and profit sharing plans (but not the plan participants or government pension plans) (9,726).

**Which custodians does Raymond James & Associates, Inc. use?**
Raymond James & Associates, Inc.'s most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Raymond James & Associates, Inc. (affiliated with the firm) and Raymond James Trust Company of New Hampshire (affiliated with the firm) as custodians holding 10% or more of its separately managed account assets.

**Does Raymond James & Associates, Inc. report any disciplinary disclosures?**
Reports 12 disclosure items on Form ADV Item 11: yes answers to 12 questions about regulatory matters (11.C(1), 11.C(2), 11.C(4), 11.C(5), 11.D(1), 11.D(2), 11.D(4), 11.D(5), 11.E(1), 11.E(2), 11.E(4), 11.G). Each question covers the firm and its advisory affiliates, and one event can produce several yes answers. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/705

**What changed in Raymond James & Associates, Inc.'s recent Form ADV filings?**
In the February 2026 filing data: Updated its list of owners and control persons (Schedule A).

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management
- Hourly charges
- Fixed fees (other than subscription fees)
- Commissions

### Custodians (Schedule D, Section 5.K(3))
- Raymond James & Associates, Inc. (affiliated with the firm)
- Raymond James Trust Company of New Hampshire (affiliated with the firm)

Custodians holding 10% or more of the firm's separately managed account assets, as filed on Form ADV (Schedule D, Section 5.K(3)). A custodian holds client assets; it does not endorse or supervise the firm. AdvisorCensus has no relationship with any custodian.

### Regulatory assets under management (Item 5.F)
- Total: $500,955,604,975
- Discretionary: $378,677,672,587
- Non-discretionary: $122,277,932,388

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 413,527 | $116,073,536,712 |
| High net worth individuals | 99,598 | $288,719,868,242 |
| Banking or thrift institutions | 710 | $1,817,435,656 |
| Investment companies | 0 | $0 |
| Business development companies | 0 | $0 |
| Pooled investment vehicles (other than investment companies and business development companies) | 0 | $0 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 9,726 | $46,100,825,359 |
| Charitable organizations | 196 | $1,051,997,812 |
| State or municipal government entities (including government pension plans) | 117 | $4,820,937,873 |
| Other investment advisers | Fewer than 5 | $0 |
| Insurance companies | 385 | $2,348,275,875 |
| Sovereign wealth funds and foreign official institutions | Fewer than 5 | $0 |
| Corporations or other businesses not listed above | 7,358 | $40,022,727,446 |

### Advisory services (Item 5.G)
- Financial planning services
- Portfolio management for individuals and/or small businesses
- Portfolio management for businesses (other than small businesses) or institutional clients
- Pension consulting services
- Selection of other advisers (including private fund managers)
- Educational seminars/workshops
- Other

### Firm details
- Registered since: 1974 (51 years)
- Employees: 16,780 total, 5,683 performing advisory functions
- Wrap fee program participation: Yes
- States registered or notice-filed: AK, AL, AR, AZ, CA, CO, CT, DC, DE, FL, GA, HI, IA, ID, IL, IN, KS, KY, LA, MA, MD, ME, MI, MN, MO, MS, MT, NC, ND, NE, NH, NJ, NM, NV, NY, OH, OK, OR, PA, PR, RI, SC, SD, TN, TX, UT, VA, VI, VT, WA, WI, WV, WY
- Disclosures (Item 11): Reports 12 disclosure items on Form ADV Item 11.

### Item 11 questions answered yes
- 11.C(1): Has the SEC or the CFTC ever found that the firm or an advisory affiliate made a false statement or omission?
- 11.C(2): Has the SEC or the CFTC ever found that the firm or an advisory affiliate was involved in a violation of SEC or CFTC regulations or statutes?
- 11.C(4): Has the SEC or the CFTC ever entered an order against the firm or an advisory affiliate in connection with investment-related activity?
- 11.C(5): Has the SEC or the CFTC ever imposed a civil money penalty on the firm or an advisory affiliate, or ordered the firm or an advisory affiliate to cease and desist from an activity?
- 11.D(1): Has another federal regulator, a state regulator, or a foreign financial regulator ever found that the firm or an advisory affiliate made a false statement or omission, or was dishonest, unfair, or unethical?
- 11.D(2): Has another federal regulator, a state regulator, or a foreign financial regulator ever found that the firm or an advisory affiliate was involved in a violation of investment-related regulations or statutes?
- 11.D(4): In the past ten years, has another federal regulator, a state regulator, or a foreign financial regulator entered an order against the firm or an advisory affiliate in connection with investment-related activity?
- 11.D(5): Has another federal regulator, a state regulator, or a foreign financial regulator ever denied, suspended, or revoked the registration or license of the firm or an advisory affiliate, prevented either by order from associating with an investment-related business, or restricted either one's activity?
- 11.E(1): Has a self-regulatory organization (such as FINRA) or a commodities exchange ever found that the firm or an advisory affiliate made a false statement or omission?
- 11.E(2): Has a self-regulatory organization or a commodities exchange ever found that the firm or an advisory affiliate was involved in a violation of its rules, other than a minor rule violation under a plan the SEC approved?
- 11.E(4): Has a self-regulatory organization or a commodities exchange ever disciplined the firm or an advisory affiliate by expelling or suspending it from membership, barring or suspending it from association with other members, or otherwise restricting its activities?
- 11.G: Is the firm or an advisory affiliate now the subject of a regulatory proceeding that could result in a yes answer to any part of 11.C, 11.D, or 11.E?

Each question covers the firm and its advisory affiliates: its current employees other than clerical staff, its officers, partners, and directors, and anyone who controls the firm or is controlled by it. One event can produce yes answers to several questions. SEC-registered advisers and exempt reporting advisers may leave out events more than ten years old, and may answer 11.A(2) and 11.B(2) for pending charges only. The detail of each yes answer is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/705

### Other offices (Schedule D, Section 1.F), as of the October 2026 filing
- Alpharetta, GA
- Atlanta, GA
- Austin, TX
- Beverly Hills, CA
- Birmingham, AL
- Birmingham, MI
- Boca Raton, FL
- Boise, ID
- Carmel, IN
- Chicago, IL
- Clearwater, FL
- Coral Gables, FL
- Dublin, OH
- Fort Wayne, IN
- Grand Rapids, MI
- Houston, TX
- Louisville, KY
- Memphis, TN
- Miami, FL
- New York, NY
- Orlando, FL
- Paramus, NJ
- Portsmouth, NH
- Saint Petersburg, FL
- St. Louis, MO

### Websites listed on Form ADV (Item 1.I)
- alexbrown.com
- clientaccess.rjf.com
- raymondjames.com
- Facebook @RAYMONDJAMES
- Instagram @RAYMONDJAMES
- LinkedIn @RAYMOND-JAMES-FINANCIAL-INC-
- X @RAYMONDJAMES
- X @RJADVISORCHOICE
- X @RJCAREERS
- X @RJFMARKETING
- YouTube @RAYMONDJAMES

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $242,535,796,260 | 11,701 | September 1, 2021 |
| October 2022 | $331,150,045,993 | 11,455 | August 29, 2022 |
| October 2023 | $306,121,310,120 | 11,789 | October 4, 2023 |
| October 2024 | $350,041,646,136 | 12,793 | September 25, 2024 |
| October 2025 | $433,814,330,581 | 13,966 | July 16, 2025 |
| October 2026 | $500,955,604,975 | 16,780 | September 25, 2026 |

Regulatory assets under management: $242,535,796,260 in the October 2021 data and $500,955,604,975 in the October 2026 data, up 107%.
Total employees: 11,701 in October 2021 and 16,780 in October 2026.

## Changes in the filing (last 12 months)

### February 2026
- Updated its list of owners and control persons (Schedule A).

### January 2026
- Regulatory assets under management went from $433,814,330,581 to $500,955,604,975 (+15%).
- Employees performing advisory functions went from 5537 to 5683.
- Added the business name Alex.brown.
- Added an office in Alpharetta, GA.
- Added an office in Austin, TX.
- Added an office in Boise, ID.
- Added an office in Clearwater, FL.
- Added an office in Dublin, OH.
- Added an office in Fort Wayne, IN.
- Added an office in Grand Rapids, MI.
- Added an office in Paramus, NJ.
- Added an office in Portsmouth, NH.
- No longer lists an office in Farmington Hills, MI.
- No longer lists an office in Fort Worth, TX.
- No longer lists an office in Jacksonville, FL.
- No longer lists an office in Nashville, TN.
- No longer lists an office in New York, NY.
- No longer lists an office in Newport Beach, CA.
- No longer lists an office in Ponte Vedra Beach, FL.
- No longer lists an office in Scottsdale, AZ.
- Updated its list of owners and control persons (Schedule A).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Raymond James & Associates, Inc. (CRD 705): Form ADV filing data as of October 2026.