Raymond James’ robust, best of breed Information Technology Security Standards – incorporating hardware, software and resources – are mandated by the Raymond James Financial global business.
24/7 Cyber Threat Centre
Monitoring and blocking malicious and suspicious activity, triggering immediate intervention and remediation. In addition, this monitoring filters down to those branches who utilise the Raymond James network equipment.
Regular Vulnerability and Penetration tests
To scan the Raymond James network from the internet, wireless connections and internally, looking for potential weak points in the systems.
Next Generation Firewalls
Application responsive with built-in threat prevention.
External and Internal Intrusion Detection Systems
Monitoring in real time, for suspicious and/or malicious traffic.
Thorough Vendor Risk Assessments
Performed locally, in collaboration with the US, in order to vet any vendors with whom we intend to conduct business.
Key technology assets are hosted and protected within the Raymond James Private Cloud and the associated data is managed by Raymond James IT.
Two Co-location Datacentres
Hosted in managed serviced data centres, with redundant power and cooling. The data centres being off-site means that should a location encounter any problem, it is dealt with in isolation; I.E: either IT systems OR workplace recovery.
Regular Disaster Recovery and Workplace Recovery
Tests are conducted where we simulate a data centre or office becoming unavailable, thus ensuring that there is minimal interruption to business systems.
Multiple Workplace Recovery Locations around the UK
Which provide temporary office space along with all the business tools required for Raymond James to fully operate.
IT Support Staff and Technical Expertise
Consisting of Support, Infrastructure and Development teams, as well as Application Administrators, Business Analysts, Project Managers and Security Officers.
Programme Delivery Board
Meets regularly to prioritise and plan key business projects, in order to deliver enhancements and efficiencies both internally and externally.
Proactive Monitoring
Our technological systems are monitored 24 hours a day, 365 days a year, for signs of tampering or unauthorised activity. We employ the use of encryption, virtual private networks, penetration/vulnerability testing, and the latest firewall and antivirus technology. Email monitoring is also utilised for regulatory and compliance purposes in order to protect our clients. We also maintain strict controls to limit and monitor employee access to our systems.
Our information technology professionals constantly research and develop enhancements to keep us at the vanguard of data security.
Raymond James Infrastructure
The world of technology is rapidly evolving and Raymond James has dedicated teams in our service and cyber security centres at our parent company in the U.S., Raymond James Financial.
Businesses and individuals are facing an increased number of cyber threats on a daily basis. The rigorous measures we have in place allow Raymond James to proactively detect and anticipate cyber threats before they become issues, so that we can protect both you and your clients from fraud, data theft and ransomware.
The following video highlights the strength of our infrastructure and cyber security within our parent company, in the U.S. as well as Canada.
Black MondayOn 19 October 1987, the stock markets experienced a dramatic plunge that prompted many firms to shut down their trading desks and turn off their phones to minimize internal losses. Raymond James refused to do the same. Our desks stayed open to help meet clients’ needs, resulting in our first and only unprofitable quarter since the firm went public in 1983. |
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Who was Raymond James?The Raymond in our name is actually from Edward Raymond, owner of a 15-employee mutual fund sales group, Raymond and Associates, along Florida’s west coast. He sold his company to Bob James on 15 July 1964, on condition that the surviving firm be called Raymond, James & Associates. Three days after the sale, Ed Raymond was involved in a near-fatal automobile accident and never joined the firm. Nonetheless, even after Raymond had passed away, Bob James insisted that his name remain on the door – ahead of James’ own. That was a promise he made to Ed Raymond three days before the accident, and Bob James was a man who kept his promises. |
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Bear Market of 1974The severe bear market of 1974 threatened the existence of Raymond James, which was bleeding capital by the day. Tom James, his father and other leaders took extreme measures to keep the firm afloat, slashing costs, foregoing paychecks and even attempting to sell the firm for just enough capital to protect client assets and retain as many associates as possible. The story could have ended very differently if not for a sharp upturn and continued rebound in the stock markets late in the year. |
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Taking Raymond James PublicWhen consideration was being given to taking Raymond James public, Tom James penned a letter to shareholders (largely employees at the time). ” … the public offering should be considered as a statement of our independence. While this is a psychological rather than an economic rationale, it is nonetheless very important. We have asserted for some time that we are not interested in becoming a small part of a very large corporation. That assertion results mainly from the inclinations of management rather than the economic benefits associated with either alternative. The public stock offering affords us the opportunity to enjoy a little bit of the best of both worlds. While shareholders will be given liquidity at fair market value, we will still have the ability to control our own destiny.” After 40+ years of Tom’s leadership, upon becoming CEO, Paul Reilly was often questioned about whether the company might ultimately surrender its cherished independence and be acquired by some larger entity. His response: “Not while I’m around.” It’s a theme that continues today. |
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