Carefully selected by Leonard & Martens, LLC to provide operational "back office" support and to hold custody to their client's assets, Raymond James Financial Services (RJFS) is a leading financial services firm that has affiliations with more than 3,800 independent contractor financial advisors in more than 2,000 offices in all 50 states.
The parent company Raymond James Financial (RJF) is a diversified financial services holding company whose subsidiaries engage primarily in investment and financial planning, including securities and insurance brokerage, investment banking, asset management, banking and cash management, and trust services. Established in 1962 and a public company since 1983, Raymond James Financial is listed on the New York Stock Exchange and its shares owned by more than 13,000 individual and institutional investors.
In 2005, Raymond James Financial was selected as one of the 100 best-managed companies in the United States by Forbes.
Raymond James & Associates is a member of the Securities Investor Protection Corporation (SIPC), which protects securities customers of its members up to $500,000 (including $100,000 for claims of cash). An explanatory brochure is available upon request or at sipc.org or by calling (202) 371-8300.
Raymond James has purchased excess SIPC coverage through various syndicates of Lloyd's, London-based firm. Excess SIPC is fully protected by Lloyd's trust funds and Lloyd's Central Fund. The additional protection currently provided has an aggregate firm limit of $750 million, including a sub-limit of $1.9 million per customer for cash above basic SIPC for the wrongful abstraction of customer funds.
Account protection applies when a SIPC-member firm fails financially and is unable to meet obligations to securities clients, but it does not protect against market fluctuations.
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