ST. PETERSBURG, Fla. – Raymond James was the 10th leading municipal bonds underwriter in the nation in 2013, serving as senior manager on 496 issues with a par value of $10.3 billion, according to Thomson Reuters, a leading data and information source for the municipal bond industry.
“Our top-10 standing is the result of a variety of factors, from our robust platform of services to the experience, creativity and expertise of our professionals,” said Rob Baird, senior managing director and head of Public Finance. “While we are proud of this achievement, we consider it a step in our progression to become the firm of choice among issuers. I am confident the momentum will continue in 2014.”
In senior led and co-managed issues in 2013, Raymond James completed 1,003 transactions with a total par amount of $69.2 billion, representing more completed transactions than any other firm in the nation. The firm also ranked No. 1 in terms of par amount and number of issues in Louisiana and Tennessee.
Other notable achievements in 2013 include:
Rankings Source: Thomson Reuters
About Raymond James Financial, Inc.
Raymond James Financial (NYSE-RJF) is a Florida-based diversified holding company providing financial services to individuals, corporations and municipalities through its subsidiary companies. Its three principal wholly owned broker/dealers, Raymond James & Associates, Raymond James Financial Services, and Raymond James Ltd., have approximately 6,200 financial advisors serving approximately 2.5 million accounts in approximately 2,500 locations throughout the United States, Canada and overseas. In addition, total client assets are approximately $441 billion.
Certain statements made in this press release may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements regarding management expectations, strategic objectives, business prospects, anticipated savings, financial results, anticipated results of litigation and regulatory proceedings, and other similar matters are subject to risks and uncertainties that could cause actual results or outcomes to differ materially from those expressed in the forward-looking statements. Those results or outcomes could occur as a result of a number of factors, which include, but are not limited to, the risks inherent in realizing the projected benefits of the Morgan Keegan acquisition, the inability to sustain revenue and earnings growth, changes in the capital markets, and other risk factors discussed in documents filed by Raymond James with the Securities and Exchange Commission from time to time, including Raymond James' 2013 Annual Report on Form 10-K, which is available on RAYMONDJAMES.COM and SEC.GOV. Any forward-looking statement speaks only as of the date on which that statement is made. Raymond James will not update any forward-looking statement to reflect events or circumstances that occur after the date on which the statement is made.