Raymond James at Wolfe Research wealth symposium: growth stays on track

On Wednesday, November 11, 2026, Raymond James Financial Inc. attended the 2026 Wolfe Research Wealth Symposium to showcase a business on an ongoing growth trajectory. CEO Paul Shoukry emphasized the company's commitment to recruiting, client service, and artificial intelligence to continue its streak of record results. He acknowledged the challenges posed by a competitive market and the increasing emphasis on technology, including heavy investments in tech infrastructure and AI tools.

Despite these pressures, Shoukry expressed confidence in Raymond James' model, which he believes allows the firm to maintain growth without compromising its disciplined approach. Wealth management continues to be the primary growth engine for the firm, accounting for roughly 70% of revenue. With 97% adviser satisfaction and a record 155 consecutive quarters of profitability, Raymond James reported $1.1 billion in annual tech spending and more than $100 million on cybersecurity.

The company's AI assistant, Raimond, and Meeting Manager tool, designed to streamline the client meeting process, have received high satisfaction ratings. Shoukry highlighted Raymond James' capital allocation strategy, which prioritizes organic growth, selective acquisitions, dividends, and quarterly buybacks, emphasizing the company's ability to maintain profitability even with capital levels above target.