Raymond James Financial is a diversified financial services holding company founded in 1962 in St. Petersburg, Florida. Originally named Robert A. James Investments, it merged with Raymond & Associates in 1964 and became a public company in 1983. The firm has grown into a Fortune 500 organization, with around 8,700–8,800 financial advisors managing over $1.09 trillion in client assets. The company operates through four main divisions: the Private Client Group, which offers wealth management and retirement planning; Capital Markets, providing underwriting and advisory services; Asset Management, managing mutual funds and institutional portfolios; and Banking, offering commercial banking services. Raymond James also provides insurance solutions and support for independent advisors. The firm serves individuals, families, corporations, institutions, and municipalities, focusing on comprehensive financial planning and conservative risk management.