Choosing to work with Raymond James for clearing and custodial services is another important part of how we serve our clients. Raymond James is one of the largest independent financial services firms in America.
Unlike competitive firms that are a bank first and foremost, most of Raymond James’ business is exactly what we do – financial planning for families and individuals. They have a long history of embracing long-term planning and methodical decision-making while staying uncompromisingly client focused.
The Raymond James platform is outstanding, service is exceptional, and it will only enhance our client relationships. The firm’s more than 4,000 professionals in their St. Petersburg, Florida, headquarters provide the support and resources we need to best serve the needs of our clients.
Protecting your hard-earned wealth is a top priority. Being a part of Raymond James puts the financial strength and integrity of a respected global company behind your investments. 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 $250,000 for claims for cash).
Raymond James has purchased excess SIPC coverage through various syndicates of Lloyd’s, a London-based firm. Excess SIPC is fully protected by the 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 an SIPC-member firm fails financially and is unable to meet obligations to securities clients, but it does not protect against market fluctuations.