Raymond James | Professionally Speaking | Federal Reserve Made Wise Break with Tradition in Bear Stearns Transaction

It is painful to witness the end of venerable firms as important in the history of Wall Street as Merrill Lynch & Co. and Lehman Brothers, but human psychology and behavior tend to overplay situations, and although the firms might not have suffered the same fate under different market conditions, even those with strong balance sheets come under fire in uncertain markets. There simply was “not enough capital risk control,” says Raymond James’ Chairman and CEO Tom James. Raymond James continues to be well served by strongly adhering to its long-standing tradition of conservative business practices and disciplined management, James says in this edition of Professionally Speaking, hosted by Larry Pugliese.

For personalized advice on how you might consider handling your portfolio under current market conditions, please contact a Raymond James financial advisor.

Thomas A. James

Chairman and Chief Executive Officer
Raymond James Financial

Thomas A. James, chairman and chief executive officer of Raymond James Financial, Inc. (NYSE-RJF), and chairman of its subsidiary, Raymond James & Associates, Inc., member New York Stock Exchange/SIPC, graduated magna cum laude from Harvard College in 1964 and from Harvard Business School in 1966, where he was a Baker Scholar and graduated with high distinction. He also holds a Juris Doctor from Stetson College of Law, St. Petersburg, Florida, and passed the Certified Financial Planner^Ò exam in 1978.

Mr. James is a member of the board of Cora Health Services and has previously served on the boards of several public companies.

In addition to the positions he holds in affiliated firms, Mr. James is the chairman of The Financial Services Roundtable (2007). He is a past chairman of the board of the Securities Industry Association (now SIFMA), the Southern District of the SIA, the Raymond James Bank, and of Heritage Family of Funds (subsidiaries of Raymond James Financial, Inc.,) the District 7 Business Conduct Committee of the National Association of Securities Dealers, and a past president of the Florida Security Dealers Association. He has also served on the Regional Firms Committee and the Nominating Committee of the New York Stock Exchange.

Mr. James is chairman of the Florida Council of 100 and president of the board of trustees of The Salvador Dalί Museum. He is on the Board of Dean’s Advisors at Harvard Business School, the board of the International Tennis Hall of Fame, and is the chairman of the Chi Chi Rodriguez Youth Foundation. He is a past chairman of the Florida Council of Economic Education. In addition, Mr. James has been an active participant in the United Way of Pinellas County as a member of the board of directors and as founding chairman of the organization’s Alexis de Tocqueville Society and the 1995 Pinellas County campaign. He is a past member of the board of Junior Achievement of Pinellas County and has served as Commodore of the Treasure Island Tennis & Yacht Club.

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Raymond James & Associates, Inc. member New York Stock Exchange / SIPC and Raymond James Financial Services, Inc. member FINRA / SIPC are subsidiaries of Raymond James Financial, Inc.