Our customised training day for new offices covers helpful topics such as account opening, asset gathering, client reporting, fee and commission processing, marketing, compliance, and an introduction to the Raymond James systems. You’ll also have the opportunity to meet the teams who’ll be supporting you in the background.
When you are ready to hire new staff, they can also attend one of our dedicated monthly training sessions for new hires. This gives your new staff member an opportunity to put faces to names, and to get a comprehensive understanding of the middle office support we can provide.
Our Training team also provides valuable support on the Raymond James Trading & rebalancing system.
Your systems set-up call
Typically held after your training day, when you’ve been set up as a new systems user our Training team will schedule an online session with you to configure your screens while providing you with a personalised systems refresher.
First trade support
We understand that placing your first trades can be daunting. If you reach out to our Training team, they’ll guide you through the process, supporting you every step of the way.
Follow-up training
After your first client accounts have been opened, your relationship manager will organise an on-site visit to your office along with the Training team to provide the level of detail you’ll need.
Ongoing training
The Training team is always on hand to provide refresher training as and when you require it by phone, email, Zoom, WebEx or in person. We also have comprehensive systems guidance on the Raymond James Portal™, allowing you to access systems tips and instructions.
Monthly Tech Savvy sessions
These bitesize sessions hosted by the Training team are designed to help you leverage the latest Raymond James technology, enhancements, and tools to improve efficiency and grow your practice. Each month features a new topic and an opportunity to join and participate in an online webinar.
Trading efficiency
The Training team is also able to offer advice and best practice ideas to ensure you have the optimal workflow.
e-Learning
We also offer online learning tools through Raymond James University. Aside from offering courses in a wide variety of topics such as professional ethics, anti-money laundering and regulatory updates, there are introductory courses covering the basics of investments. These courses are particularly helpful to wealth managers with associates who are new to the financial services industry.
Find out more about how Raymond James can support you in setting up your practice:
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, forgoing pay checks 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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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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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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