Raymond James Achieves 150 Consecutive Quarters of Profitability, Celebrating Nearly Four Decades of Resilient Growth

Core Insights - Raymond James has achieved 150 consecutive quarters of profitability, marking nearly 38 years of sustained financial success [1] - The firm has grown its annual net income from $9.6 million in 1987 to over $2 billion today, with client assets under administration exceeding $1.5 trillion [2] Company Overview - Founded in 1962 by Tom James, Raymond James has evolved from a small financial planning office to a global financial services firm with nearly 17,000 employees and 8,900 affiliated financial advisors across two continents [3] - The company operates various divisions, including a Private Client Group, Asset Management, Capital Markets, and two banks: Raymond James Bank and TriState Capital Bank [3] Leadership and Culture - Current CEO Paul Reilly emphasizes the importance of the foundational values established by Tom and Bob James, which continue to guide the firm's strategy and culture [4] - CEO Paul Shoukry highlights that the company's enduring success is rooted in timeless values and a committed team that embodies the firm's culture [5] Recognition and Client Satisfaction - Raymond James has been recognized as the top wealth management firm for advised investor satisfaction in JD Power's Investor Satisfaction Survey, receiving high marks for trust and the quality of its people, products, and services [4]