Raymond James & Associates, Inc. is a retail brokerage firm who is a wholly-owned subsidiary of Raymond James Financial, Inc. (“RJF”). The company was founded in 1962 and went public in the year of 1983; currently the company’s stock is traded on the New York Stock Exchange. The company provides financial and investment banking services including financial planning, investment, and asset management to individual investors and corporations. Raymond James’s mission is to commit their energies, intelligence and understanding to attaining the financial objectives of our clients by providing the maximum level of service and delivering superior investment alternatives. The firm services over 2.7 million client accounts with a total of $500 billion in client assets.
Examining Raymond James & Associates Inc.’s statement of financial condition for the period ending in September 30, 2015 shows a progressively growing company that is headed in the right …show more content…
As a member firm of the FINRA, they are subject to rules of FINRA. Rule 15c3-1 requires that aggregate indebtedness, as defined, not exceed 15 times net capital, as defined. Rule 15c3-1 also provides for an “alternative net capital requirement”. Regulations require that the minimum net capital, as defined, be equal to the greater of $1 million or two percent of aggregate debit items arising from client transactions. FINRA may require a member firm to reduce its business if its jet capital is less than 4% of aggregate debit items and may prohibit a member firm from expanding its business and declaring cash dividends if its net capital is less than 5% of aggregate debt items. As of September 30, 2015 the net working capital is $411.2 million, and excess net capital of $371.7 million. The net capital as a percentage of aggregate debit items equals
Examining Raymond James & Associates Inc.’s statement of financial condition for the period ending in September 30, 2015 shows a progressively growing company that is headed in the right …show more content…
As a member firm of the FINRA, they are subject to rules of FINRA. Rule 15c3-1 requires that aggregate indebtedness, as defined, not exceed 15 times net capital, as defined. Rule 15c3-1 also provides for an “alternative net capital requirement”. Regulations require that the minimum net capital, as defined, be equal to the greater of $1 million or two percent of aggregate debit items arising from client transactions. FINRA may require a member firm to reduce its business if its jet capital is less than 4% of aggregate debit items and may prohibit a member firm from expanding its business and declaring cash dividends if its net capital is less than 5% of aggregate debt items. As of September 30, 2015 the net working capital is $411.2 million, and excess net capital of $371.7 million. The net capital as a percentage of aggregate debit items equals