Raymond James is a leading diversified financial services company providing private client group, capital markets, asset management, banking and other services to individuals, corporations and municipalities. The company has approximately 8,700 financial advisors. Total client assets are $1.26 trillion. Public since 1983, the firm is listed on the New York Stock Exchange under the symbol RJF. Additional information is available at www.raymondjames.com.
Remote Admin Extension
For today’s most successful advisors, branch associates are the linchpin of their practice–but hiring, training and retaining that key associate can be daunting. So Raymond James developed AdminExt. AdminExt is a team of tenured, talented branch associates who provide subscribing advisors with turnkey support. AdminExt was designed to help advisors grow their businesses, inspire practice efficiencies, and enhance the client experience – while eliminating staffing challenges. The result? Advisors are empowered to fill a leave of absence, complete strategic projects or supplement staff in a tight labor market – seamlessly. As Raymond James employees, AdminExt associates are proficient across firm processes, applications and practice management insights – primed to benefit subscribing advisors from day-one. After the early 2022 pilot, the program is now live.
After devoting years to building and growing a practice, financial advisors should be able to maximize the fruits of their work by selling their practice to an advisor of their choosing who can carry on their legacy. Advisors should be able to source a successor, negotiate their deal, and draft an agreement easily and efficiently to lessen the burden. That’s why Raymond James developed Practice Exchange, a succession planning tool available to all eligible Raymond James advisors via single-sign on through Advisor Access that removes the “unknown” out of the process. Integrated with the firm’s systems, this planning platform assists advisors in preparing for the future of their business and planning for the unexpected by providing tools, calculators, education, ongoing support and peace of mind.