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Paul Reilly became chief executive officer of Raymond James Financial in May 2010 after joining the firm's management team as president and CEO‐designate in May 2009.

Understanding Advisor Accounts Accounts may support holistic portfolio management, personal financial planning, or targeted capital assets. In general, assets managed in advisor accounts are subject to fiduciary standards, which means their investment recommendations are based on a comprehensive portfolio fit.

Raymond James is a publicly traded, global company with distinct business units that serve a variety of clients. Headquartered in St. Petersburg, Florida, we have grown into one of the largest independent financial services firms in the United States.

Registration records show that many Concurrent brokers formally left Raymond James Financial Services for Purshe Kaplan Sterling Investments in April and May. Concurrent had managed around $12.7 billion in client assets and had around 145 advisors.

Over the past five years, Raymond James charged unreasonable commissions on over 270,000 equity transactions and trades, resulting in its customers paying $8.25 million more than they should have, the North American Securities Administrators Association said.

However, each of its investing program does generally require a minimum investment, which can range from $5,000 to $2 million. Raymond James has a network of financial advisors in the U.S., Canada and internationally.

The Ambassador program is an investment advisory program in which the client's Financial Advisor invests the client's assets on a discretionary basis in a range of securities.

In a Brokerage account, advice is typically given at the time of trade. In an Advisory account, advice and monitoring occur on an ongoing basis.