Coronavirus Status Update

ST. PETERSBURG, Fla. – Raymond James continues to monitor the COVID-19 coronavirus outbreak and is adhering to guidance being provided by the Centers for Disease Control and Prevention. Our focus has been first and foremost on the safety of our associates, financial advisors and clients. The firm has assembled a core team of experts to ensure business continuity readiness and minimal interruption to our business operations and high client service standards. To this end, we have taken the following steps:

  • Raymond James is implementing a mix of split operations and remote work arrangements in certain areas to reduce density of associates in their workspaces. The firm is prepared for the vast majority of associates to work remotely if necessary.
  • The firm is suspending all non-essential international and domestic business travel until further notice. Additionally, all Raymond James-hosted conferences are cancelled or postponed until at least April 30.
  • Any associates who have recently returned from countries identified as higher risk, as well as those potentially exposed to a diagnosed person, are working from home for 14 days or more. We further are limiting visits to the home office and branches by non-associates for the health and safety of associates, advisors and clients. 
  • We are fortunate to have operations centers around the United States and in Canada and Europe, with back-ups and redundancy should it be needed, although we have no reason to believe that will be necessary at this point.
  • Our investment strategy team and analysts have been actively evaluating the situation for economic and market impacts and are providing updated perspectives daily.

Again, our first priority is health and safety and we are hopeful that broader government responses will ultimately contain and treat the outbreak. We are prepared to support our associates, clients and other stakeholders and will continue to make adjustments to our plans as the circumstances require.

 

About Raymond James Financial, Inc.

Raymond James Financial, Inc. (NYSE: RJF) is a leading diversified financial services company providing private client group, capital markets, asset management, banking and other services to individuals, corporations and municipalities. The company has approximately 8,100 financial advisors. Total client assets are $895 billion. Public since 1983, the firm is listed on the New York Stock Exchange under the symbol RJF. Additional information is available at www.raymondjames.com.

 

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