# Raymond James (USA) Ltd

> Raymond James (USA) Ltd is an SEC-registered investment advisory firm in Vancouver, Canada, registered since 2011, reporting $1 billion to $5 billion in regulatory assets under management in its Form ADV filing dated September 23, 2026.

- CRD: 25853
- Filed as: RAYMOND JAMES (USA) LTD
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Vancouver, Canada
- Filing period: October 2026
- Form ADV filing dated: September 23, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/25853
- AdvisorCensus page: https://advisorcensus.com/firm/raymond-james-usa-ltd-vancouver-25853

## Quick answers

**How is Raymond James (USA) Ltd compensated?**
On its Form ADV (Item 5.E, October 2026), Raymond James (USA) Ltd reports these compensation arrangements: a percentage of assets under its management. The amounts are in Item 5 of its Form ADV Part 2A brochure.

**Where is Raymond James (USA) Ltd located?**
Raymond James (USA) Ltd's principal office is in Vancouver, Canada, according to its Form ADV; the October 2026 filing also lists 54 other offices (Schedule D, Section 1.F).

**Is Raymond James (USA) Ltd registered with the SEC or a state?**
Raymond James (USA) Ltd is an SEC-registered investment advisory firm, registered since 2011. Status as filed: Approved. CRD 25853.

**How much does Raymond James (USA) Ltd manage?**
Raymond James (USA) Ltd reports $1,991,381,912 in regulatory assets under management in its Form ADV filing dated September 23, 2026 (25% discretionary).

**How have Raymond James (USA) Ltd's assets and staff changed since 2021?**
In the Form ADV data for Raymond James (USA) Ltd: Regulatory assets under management: $636,342,204 in the October 2021 data and $1,991,381,912 in the October 2026 data, up 213%. Total employees: 140 in October 2021 and 175 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Raymond James (USA) Ltd serve?**
By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (4,501); high net worth individuals (349); corporations or other businesses not listed above (9).

**Does Raymond James (USA) Ltd report any disciplinary disclosures?**
Reports 3 disclosure items on Form ADV Item 11: yes answers to 11.D(2) (another regulator's finding of a violation), 11.D(5) (another regulator's denial, suspension, or revocation of a registration or license, bar, or restriction), and 11.E(2) (self-regulatory organization's finding of a rule violation). 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/25853

**What changed in Raymond James (USA) Ltd's recent Form ADV filings?**
In the October 2026 filing data: Registered or notice-filed in SC, UT, WI.

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management

### Regulatory assets under management (Item 5.F)
- Total: $1,991,381,912
- Discretionary: $499,850,953
- Non-discretionary: $1,491,530,959

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 4,501 | $1,053,473,658 |
| High net worth individuals | 349 | $877,714,909 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 5 | $2,180,272 |
| Corporations or other businesses not listed above | 9 | $58,013,073 |

### Advisory services (Item 5.G)
- Financial planning services
- Portfolio management for individuals and/or small businesses
- Selection of other advisers (including private fund managers)
- Publication of periodicals or newsletters

### Firm details
- Registered since: 2011 (15 years)
- Employees: 175 total, 145 performing advisory functions
- Wrap fee program participation: Yes
- States registered or notice-filed: AL, AZ, CA, CO, CT, DC, FL, GA, HI, IA, IL, IN, MA, MD, ME, MI, MN, MT, NC, NH, NJ, NV, NY, OH, OR, PA, RI, SC, TN, TX, UT, VA, VT, WA, WI, WY
- Disclosures (Item 11): Reports 3 disclosure items on Form ADV Item 11.

### Item 11 questions answered yes
- 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(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(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?

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/25853

### Other offices (Schedule D, Section 1.F), as of the October 2026 filing
- Abbotsford
- Abbotsford Bc
- Barrie
- Brampton Ontario
- Brooklin
- Burlington
- Burlington On
- Burlington Ontario
- Burnaby, Bc
- Calgary
- Calgary, Ab
- Calgary, Alberta
- Coquitlam, Bc
- Delta, Bc
- Edmonton
- Essex, Ontario
- Exeter Ontario
- Kanata
- Kelowna
- Kelowna Bc
- Kingston
- Langley
- Langley Bc
- London Ontario
- Markham
- Medicine Hat
- Mississauga
- Mississauga On
- Mississauga Ontario
- Montreal
- Montreal Quebec
- Nanaimo
- New Minas Ns
- North Vancouver
- North York On
- Oakville
- Okotoks, Ab
- Oshawa
- Ottawa, Ontario
- Parksville
- Penticton Bc
- Qualicom Beach
- Quebec
- Regina Saskatchewan
- Saskatoon Saskatchewan
- Toronto
- Toronto On
- Toronto Ontario
- Vancouver
- Vancouver Bc
- Vancouver, Bc
- Victoria
- Waterloo
- Winnipeg

### Websites listed on Form ADV (Item 1.I)
- rjlu.com

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $636,342,204 | 140 | May 10, 2021 |
| October 2022 | $901,982,777 | 135 | April 28, 2022 |
| October 2023 | $993,428,161 | 145 | September 20, 2023 |
| October 2024 | $1,269,936,357 | 145 | December 13, 2023 |
| October 2025 | $1,544,291,655 | 165 | January 14, 2025 |
| October 2026 | $1,991,381,912 | 175 | September 23, 2026 |

Regulatory assets under management: $636,342,204 in the October 2021 data and $1,991,381,912 in the October 2026 data, up 213%.
Total employees: 140 in October 2021 and 175 in October 2026.

## Changes in the filing (last 12 months)

### October 2026
- Registered or notice-filed in SC, UT, WI.

### July 2026
- Registered or notice-filed in DC, IA.

### March 2026
- Item 11 disclosure answers changed: 3 yes answers, previously 2 (now yes: 11.D(5)).

### January 2026
- Employees performing advisory functions went from 125 to 145.
- Regulatory assets under management went from $1,544,291,655 to $1,991,381,912 (+29%).
- Changed its office addresses in Calgary.
- Changed its office addresses in Markham.
- Changed its office addresses in North Vancouver.
- Changed its office addresses in Oakville.
- Changed its office addresses in Toronto.
- Changed its office addresses in Vancouver.
- Added an office in Brooklin.
- Added an office in Burlington.
- Added an office in Kanata.
- Added an office in Langley.
- Added an office in Medicine Hat.
- Added an office in Nanaimo.
- Added an office in Oshawa.
- Added an office in Qualicom Beach.
- Added an office in Quebec.
- Added an office in Winnipeg.
- No longer lists an office in Fort Langley Bc.
- No longer lists an office in Mississauga.
- No longer lists an office in Vancouver, Bc.
- No longer lists an office in Waterloo.
- 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 (USA) Ltd (CRD 25853): Form ADV filing data as of October 2026.