Raymond James & Associates

Raymond James & Associates, Inc. is a dually registered broker‑dealer and SEC‑registered investment adviser with approximately $500.956 billion in assets under management and more than 5,400 financial advisors. It provides wealth advisory planning and investment consulting through its Wealth Advisory Services Program and offers firm‑sponsored wrap fee programs and institutional consulting services, serving a broad client base that includes individuals (including high‑net‑worth clients), pension and profit‑sharing plans, corporations, charitable organizations, and state and municipal government entities.

The firm delivers planning and investment consulting on a non‑discretionary basis: financial advisors conduct fact‑finding meetings, use analytical and software tools to prepare comprehensive or goal‑specific plans, and provide portfolio and security‑level recommendations while clients retain implementation authority. Recommendations may point to firm‑sponsored wrap programs, sub‑advisers or model managers, and Institutional Fiduciary Solutions (IFS) supports consulting for institutional and qualified retirement plan clients; the firm and its affiliates also supply research used in developing advice.

Notably, Raymond James discloses active involvement with municipal and public finance clients and related affiliate capabilities — including service to state and municipal entities, a public finance function, and activity in municipal and government bond markets — a combination of municipal advisory and affiliated municipal capabilities that is less common among large institutional advisers. The firm’s extensive affiliate network (bank, trust company, insurance agencies, affiliated sub‑advisers and fund families) and its role as a wrap‑program sponsor and ETF fund sponsor create integrated custody, product‑sourcing, and public‑finance relationships that shape how it delivers and implements advice.