While stock-market rallies have come and gone over the past 50 years, solid leadership at Raymond James has been more consistent. That stewardship is being celebrated by the firm nationwide – as well as in Canada and the United Kingdom—on August 16.
Tom James, son of co-founder Robert James and CEO from 1970 to 2010, says the financial and economic swings actually have given the broker-dealer the chance to shine—and grow. The down periods he refers to are those of 1973-1974, 1987-1989, 2000-2002 and 2007-2009.
"Were they the worst years for us? In some senses, yes, but they were also the best," James shared during an interview. "As we have been able to see in later years, we created discipline, business plans and a strategic approach to the business that has been successful in the long term: You get good opportunities" in bad times, he concludes.
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Janet Levaux
Janet Levaux, MA/MBA, is Editor in Chief of ThinkAdvisor & Investment Advisor. She's covered the financial markets since 1991 and advisors since 2005. Janet studied at Yale, Johns Hopkins SAIS and St. Mary's College of California. She's also lived and worked in Asia, Europe and Latin America, raised two sons, and won a Neal Award for top news coverage in 2020.
