Raymond James Financial is a diversified financial services holding company whose subsidiaries engage primarily in investment and financial planning, in addition to investment banking and asset management. Raymond James Financial has three wholly owned broker-dealers, [Raymond James & Associates (RJ&A), Raymond James Financial Services (RJFS), and Raymond James Limited (RJL)] and Raymond James Investment Services Limited (RJIS), a majority-owned independent contractor subsidiary in the United Kingdom. As of December 31, 2011, Raymond James has approximately 5,400 financial advisors and approximately 2 million accounts in 2,400 locations throughout the United States, Canada, Europe and Latin America. Total client assets are approximately $270 billion, of which approximately $35 billion are managed by the firm’s asset management subsidiaries.[1] Raymond James corporate headquarters is located in St. Petersburg, Florida. In January 2012, Raymond James announced that it was purchasing Morgan Keegan & Company. When completed, the merger will create one of the country’s largest full-service wealth management and investment banking firms not headquartered on Wall Street.[2]