Raymond James Financial, Inc

Practice Business Manager

Raymond James Financial, Inc • $80K — $95K *
Houston, TX 77084In-Person
Finance & Insurance
Less than 5 years of experience
Today
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Job Overview by Ladders

Qualifications

  • Bachelor's degree in a related field, preferably Business Administration or Finance
  • Minimum of three years experience in the financial services industry
  • SIE certification required unless exempt or grandfathered
  • Series 7 license required
  • Series 63, 65, and/or 66 licenses as required by state
  • Ability to obtain additional securities and advisory registrations if needed
  • Strong understanding of client relationship management and business development strategies

Responsibilities

  • Develop and execute strategic plans to boost revenue and improve operational efficiency
  • Lead the client experience delivery and manage administrative procedures
  • Coordinate branch operations with home office personnel
  • Research and resolve complex client account issues
  • Oversee workflow and workload of practice team support staff
  • Plan and manage client events that ensure a return on investment
  • Evaluate training needs and implement training for financial advisors

Benefits

  • Medical, dental, and vision insurance
  • Life insurance, critical illness, and accident insurance
  • Disability benefits
  • Retirement savings plan
  • Paid time off including vacation, holidays, and sick leave
  • Parental leave
  • Eligibility for benefits varies based on position and employment status
Full Job Description
Job Description Summary
Under limited supervision, leads in the management of the overall growth of the Branch's or Financial Advisor team's practice. Uses extensive knowledge and skills obtained through education and experience to provide guidance to associates in resolution of moderately complex issues, client service and team project management.
Directs the practice's day to day operational functions, ensuring compliance with firm and regulatory policies and procedures. Assists with sourcing new advisors from initial contact through transition to the branch and acts in a professional sales and marketing capacity to help new and existing Financial Advisors meet sales goals.
Extensive contact with internal and external customers is required to establish and maintain networking relationships that lead to creating new business.

Job Description

Responsibilities
  • Development and execution of a strategic plan to monitor and control expenses to facilitate revenue growth of the practice, improve productivity, realize operational efficiencies and address competitive landscape.
  • Leads delivery of the client experience, including management of administrative procedures as well as directing and coordinating execution of client requests.
  • Works directly with home office personnel to coordinate branch-home office workflow.
  • Researches and resolves complex problems relating to client accounts and inquiries.
  • May review daily work of practice team's support staff, including evaluating workload and responsibilities of support staff to determine necessary assignment changes to maintain efficient workflow.
  • Plan and coordinate special projects for practice to include client events for clients and prospects that result in a return on investment.
  • Assess training needs, identify industry-developed training programs and coordinate training implementation.
  • Educates and assists with training financial advisors on the latest platform and product enhancements, including new software, websites and other tools and resources.
  • Educates financial advisors on the benefits of offered products and services for their clients through individual or group meetings and presentations.
  • Develop and maintain strong relationships with key business partners both internal and external.
  • Assists in sourcing and developing new financial advisor affiliations to achieve branch recruiting goals.
  • Establishes relationships with prospective advisors, provides consultation and education regarding the Raymond James and Associates platform.
  • Maintains a prospect database, gathering information and data on prospects to be used to determine suitability in the branch recruiting process.
  • Participates in conference calls and meetings with prospects to understand their business and product mix and to address issues, interests and concerns.
  • Prepares payout analyses based on prospect's production and mix of business; generates proposals for prospects.
  • Coordinates /oversees the transition process for internal transfers and/or new affiliates with other functional areas to ensure a professional recruiting process from initial contact through transition to the branch ensuring proper execution of every step of the commit /onboarding process.
  • Partners with home office departments to leverage product sales and generate new business opportunities for financial advisors.
  • Responds to requests from Financial Advisors who need assistance in selling products.
  • Assists with the creation of business development strategies, and with maintaining and expanding referral sources including the coordination of target marketing campaigns.
  • Performs other duties and responsibilities as assigned.


Education/Experience Requirements
  • Bachelor's degree in related field and a minimum of three years' experience in the financial services industry

~or~
  • An equivalent combination of experience, education and/or training as approved by Human Resources


Licenses
  • SIE required provided that an exemption or grandfathering cannot be applied
  • Series 7
  • Series 63, 65 and/or 66 as required by state
  • Ability to obtain additional securities and advisory state registrations if required by state.


Education
Bachelor's, Bachelor's: Business Administration, Bachelor's: Finance

Work Experience
General Experience - 7 to 12 months

Certifications
s63 - Uniform Securities Agent State Law Examination - Financial Industry Regulatory Authority (FINRA), s7 - General Securities Representative Examination - Financial Industry Regulatory Authority (FINRA), Securities Industry Essentials Exam (SIE) - Financial Industry Regulatory Authority (FINRA)

Travel
Less than 25%

Workstyle
Resident

The total compensation for this position includes base salary or wages, and may include components such as additional compensation (cash or equity), discretionary bonuses, or commissions. This position is eligible for a benefits package that may include medical, dental, and vision; life insurance; critical illness insurance and accident insurance; disability benefits; retirement savings; paid time off (including vacation, holidays, and sick leave); and parental leave. Eligibility for benefits and specific offerings may vary based on position and employment status. To view more details of the benefits offered, visit Myrjbenefits.com.

About Raymond James Financial, Inc

The Raymond James Technology and Communications Investment Banking Group is a committed and thoughtful partner that provides a full range of investment banking services and best practices. The group is comprised of experienced professionals that have extensive investment banking expertise. They leverage the industry expertise of Raymond James' award-winning research department. The group focuses on key sectors within technology and communications including: communications software, communication towers, defense electronics, enterprise software, internet infrastructure services, homeland security, IT services, mobile technology, semiconductors, software-as-a-service, telecommunications equipment, telecommunications infrastructure and support services, and wireless & wireline telecommunications services. They take pride in a client-centric approach to M&A, with focus on delivering independent solutions that creates value for the long term. The outcome of this unique approach may be seen in the successful transactions of their clients, including over 80 public offerings totaling $17 billion and over 85 strategic advisory transactions totaling over $5 billion in value since 1998.

Raymond James Financial, Inc Careers

Join the vibrant team at Raymond James Financial, Inc, a leading financial services company where innovation, leadership, and professional growth are at the forefront of our operations. As a hub of diversity and expertise, Raymond James offers unparalleled job opportunities that propel your career to new heights. Work You’ll Do At Raymond James Financial, Inc, you’ll collaborate with some of the most talented professionals in the financial industry. Our team is dedicated to providing strategic financial solutions and advice to our clients, helping them achieve their financial goals while fostering economic growth. With a culture rooted in leadership and diversity training, Raymond James is the perfect place to enhance your skills and thrive professionally. Join our market-leading team to assist a diverse range of clients, from individuals to large corporations, in navigating their financial planning with precision and innovative strategies. Lead in a role where your expertise directly influences the success and stability of our clients' financial futures. Work with a dynamic team of advisors and experts who are committed to pushing the boundaries of the financial sector through continuous innovation and exceptional client service. Raymond James Financial, Inc Job Opportunities Introducing the Raymond James Career Development Program We are committed to nurturing talent through our comprehensive career development program designed to provide every employee—from interns to senior leaders—with the tools and training necessary for success. Whether you’re just starting out with an internship or you’re a seasoned professional, Raymond James offers career paths that align with your ambitions and skills. Do Innovative Work Join a company where innovation is part of the daily routine. At Raymond James Financial, Inc, you’ll engage with cutting-edge financial tools and resources that keep you ahead in the industry. Our commitment to technology and innovation ensures that we stay at the forefront of financial services. Be Part of a Great Team Experience a collaborative environment where teamwork and networking are encouraged. Our inclusive culture supports diversity and offers benefits that ensure the well-being of all team members. At Raymond James, you’re not just an employee; you’re part of a family that values your unique contributions and supports your professional journey. Future-Proof Your Career Advance your career with Raymond James, where opportunities for growth are abundant. Benefit from our industry-leading training programs and gain certifications that will elevate your professional standing. With a focus on career longevity and satisfaction, Raymond James ensures that your professional journey is as rewarding as it is successful. Explore Discover the various positions available at Raymond James Financial, Inc that match your skills and interests. We are continuously hiring across multiple disciplines, eager to welcome passionate, curious, and solution-driven team players. Stay Connected Join Our Team Search open positions at Raymond James Financial, Inc and find the perfect match for your career aspirations. Explore a range of opportunities from financial advising to corporate roles that align with your professional skills and goals. Keep Up to Date Stay informed with the latest career tips, insider perspectives, and industry-leading insights—all from the professionals who thrive at Raymond James. Job Alert Emails Customize your subscription to receive job alerts, latest news, and insider tips tailored to your preferences. Discover the exciting and rewarding career opportunities waiting for you at Raymond James Financial, Inc. Join Raymond James Financial, Inc today and be part of a company that values innovation, leadership, and professional growth. Your future in the financial industry starts here.
Learn more about Raymond James Financial, Inc
Size
15,000 employees
Market Cap
$22.6 billion
Industry
Finance & Insurance
Net Income
$862 million
5 Year Trend
+11.6%
Revenue
$8.3 billion
NASDAQ
RJF
* Ladders Estimates

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