Raymond James Financial is built around wealth management, with thousands of financial advisors serving households across North America under an unusually advisor-friendly culture that includes ownership of their client books. Investment banking, capital markets and a growing bank segment round out the model, funded in part by cash swept from brokerage accounts. Headquartered in St. Petersburg, Florida since its founding in 1962, the firm is known for conservative risk management and an unbroken run of profitable quarters stretching back decades.