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Industry Spotlight > Broker Dealers

Raymond James Hosts 21st Women’s Symposium

By Janet Levaux

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More than 300 female advisors with Raymond James (RJF), about 200 guests and 23 prospective female registered reps from other broker-dealers are meeting this week in St. Petersburg, Florida, for the group’s 21st annual Women’s Symposium.

In addition to general sessions with company executives, the group will hear from Katty Kay, lead anchor for BBC World News America and co-author of “The Confidence Code,” as well as from Elizabeth Smith, CEO and chairwoman of Bloomin’ Brands.

This year’s event is the first Women’s Symposium to be led by Michelle Lynch, who became director of the Network for Women Advisors in April. The network includes more than 800 female advisors who do business through Raymond James’ different advisor channels.

“Thanks for taking time out of of your busy lives and careers to be here,” Lynch said during Wednesday’s opening sessions. “This is our largest [Women's Symposium] event to date … and next year we will be moving to the Waldorf Astoria in Orlando to accommodate everyone.”

Raymond James CEO Paul Reilly is set to address the group, before Kay’s presentation. Scott Curtis, head of the group’s independent channel, and Tash Elwyn, who leads the company’s employee channel, will meet with the female advisors on Thursday, along with other company executives.

Also on Thursday, Jan Holman of Thornburg Investments will speak about how to best advise female clients in transition.

Friday’s schedule includes a session with Shelley Broader, president & CEO of Walmart’s Europe, Middle East and Africa regional operations and a Raymond James board member, as well as a panel of investor clients.

During the conference, there will also be many educational sessions and talks featuring top-producing female advisors.

Recent Results

Last week, Raymond James reported that its 6,500-plus advisors had total securities commissions and fees of nearly $300 million in August, an increase of 8% from the prior year and a 2% improvement from July 2015.

Client assets under administration are $488.5 billion, a 1% increase from a year ago but a 3% drop from July, as “declines in the equity markets offset positive recruiting and retention results,” according to the firm.

“Notwithstanding headwinds from the equity markets, persistently low short-term interest rates and regulatory uncertainty, we are confident that our client-focused business model and solid balance sheet will enable us to compete effectively in any market environment,” said CEO Paul Reilly, in a statement.

— Check out Crashing the Boy’s Club: Tips for Female Millennials to Break Into Advisory Industry on ThinkAdvisor.

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