Raymond James Financial Services Names John W. Houston Managing Director of Financial Institutions Division.ST. PETERSBURG, Fla. -- Richard G. Averitt, chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Raymond James  This article or section is written like an .Please help [ rewrite this article] from a neutral point of view. Mark blatant advertising for , using . Financial Services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. . Inc. (RJFS RJFS Raymond James Financial Services, Inc. (St. Petersburg, FL) ), member NASD/SIPC, announced today that John W. Houston John Wallace Houston (May 4, 1814 - April 26, 1896) was a United States Representative from Delaware. Born in Concord, Delaware, he attended the country schools and Newark Academy, and was graduated from Yale College in 1834. has been named managing director of the firm's Financial Institutions Division. Houston has served as national sales manager for the division since 2002. In his new role, Houston has executive responsibility for the division of RJFS that provides securities brokerage services to over 200 banks and credit unions nationwide. He will report to Averitt and serve as a member of the firm's senior management group. Houston succeeds James A. Fulp, who was recently named managing director for RJFS' Independent Contractor A person who contracts to do work for another person according to his or her own processes and methods; the contractor is not subject to another's control except for what is specified in a mutually binding agreement for a specific job. Division. "We are extremely pleased John will lead our Financial Institutions Division," said Averitt. "His extensive knowledge of retail and bank brokerage gives him the unique experience necessary to continue the success we've enjoyed in the bank brokerage industry. In his role as national sales manager, John contributed greatly to the stellar growth of the division and we're delighted to have him lead our efforts in the bank brokerage market." Prior to joining Raymond James in 2002, Houston served as president of LM Financial Partners, Inc., the bank brokerage subsidiary of Legg Mason, Inc. In his twenty-year professional career, Houston has served in a number of sales and management capacities in the securities brokerage industry. In addition to Legg Mason, he was previously employed at Merrill Lynch and First Tennessee Bank. Houston, a resident of St. Petersburg, Fla., is a cum laude graduate of The University of Mississippi The University of Mississippi, also known as Ole Miss, is a public, coeducational research university located in Oxford, Mississippi. Founded in 1848, the school is composed of the main campus in Oxford and three branch campuses located in Booneville, Tupelo, and Southaven. and a CERTIFIED FINANCIAL PLANNER Certified Financial Planner (CFP) A person who has passed examinations accredited by the Certified Financial Planner Board of Standards, showing that the person is able to manage a client's banking, estate, insurance, investment, and tax affairs. (TM). "We are fortunate to have an individual of John's caliber within our firm and are confident his abilities will allow our Financial Institutions Division to remain the premier provider of investment services to community banks and credit unions," added Averitt. About the Financial Institutions Division of RJFS The Financial Institutions Division (RJFS-FID) was created in 1987 to provide community-based banks and credit unions with an alternative to the traditional third-party investment providers. RJFS-FID provides true, full-service securities brokerage to financial institutions seeking to compete with the national securities firms. In addition to a full complement of investment products and services, RJFS-FID has the ability to deliver investment banking, research, self-clearing capabilities and wealth management services. The division currently provides investment services to over 200 financial institutions across 45 states with total assets of more than $17 billion in 238,000 client accounts. Over the past six years, during a period of down revenues for many firms, RJFS-FID experienced annual increases in gross revenues every year, doubling revenue for the division over the period. About Raymond James Financial Services, Inc. Raymond James Financial Services, Inc. is a national investment firm providing financial services to individuals, corporations and municipalities through more than 3,500 financial advisors in 2,100 offices throughout the United States. For more than 30 years, Raymond James Financial Services has provided a wide range of services through our affiliate, Raymond James & Associates, Inc., member New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of Stock Exchange/SIPC. Both broker/dealers are wholly owned subsidiaries Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of Raymond James Financial, Inc. (NYSE-RJF), a financial services holding company which has more than 4,800 financial advisors serving 1.4 million accounts throughout the United States, Canada and overseas. In addition, total client assets are approximately $150 billion, of which approximately $27.5 billion are managed by the firm's asset management subsidiaries. Please visit the Raymond James Press Center at raymondjames.com/media. |
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